ELECTRONICS INDUSTRY IN ASIA Research Paper Series No 3 In the Belly of the Beast: Samsung Electronics’ Supply Chain and Workforce in South Korea Jiwon Han, Wol-san Liem, and Yoomi Lee Research Institute for Alternative Workers’ Movements, South Korea In the Belly of the Beast: Samsung Electronics’ Supply Chain and Workforce in South Korea © 2013 Asia Monitor Resource Centre Asia Monitor Resource Centre Flat 7, 9/F, Block A Fuk Keung Industrial Building 66-68 Tong Mi Road Kowloon Hong Kong Tel:
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COMPANY BACKGROUND HISTORY Samsung was formed in 1938 by Lee Byung-chull as a trading company based in Su-dong. The small company started as a grocery, trading goods produced in and around the city as well as its own noodles. The company grew and soon expanded to Seoul in 1947 but left once the Korean War broke out. After the war, Lee expanded it into textiles and built the largest woollen mill in Korea. And today Samsung Group is a South Korean based company that includes a number of subsidiaries
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inception, Samsung was a completely different business a compared to what we know about it today. Back in 1938, when a Korean entrepreneur Byung-Chull Lee started Samsung (“three stars” in Korean), its primary revenues came from selling fish, fruit, and vegetables. In ten years, the organization grew large enough to have its own production and operation lines. By 1970 the company began investing money in heavy industries. Soon after that, separate Samsung divisions appeared such as Samsung Shipbuilding
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Conversation Driving Culture Change at Samsung Semiconductor Dr. Ho-Kyoon Chung and Grant Gustafson Samsung Electronics Co. Ltd., since its foundation in 1969, has developed a broad range of electronics and related items from semiconductors and finished home appliances to telecommunications hardware and multimedia products. A listed company on the Korean Stock Exchange, Samsung Electronics’ sales reached US$20 billion in 1996. Samsung Semiconductor, the largest of Samsung Electronics’ four core business
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History Samsung Group is currently a multinational conglomerate company headquartered in Samsung Town, Seoul. In 1938 when Samsung was founded in Daegu (Korea), it was initially a trading company, selling dried Korean fish, vegetables, and fruit to Manchuria and Beijing. (Samsung) Just after a little more than a decade, it owned flour mills and confectionery machines and began its own manufacturing and sales operations. During the 1970s, Samsung (for the first time) began exporting electronic
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Samsung Electronics Prepared by: M. O. Prepared for: Dr. N. C. Course: Organizational Strategy, MGM 6123, Fall 2009 [pic] Date: October 5, 2009 H. State University Samsung Group is one of the leading global conglomerates originating in South Korea, termed chaebol in native terms. Their sales in 2004 climbed to $134billion with 337 overseas operations in 58 countries and they employed 212,000 people worldwide. They have myriads of businesses in a wide variety of industry sectors including
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“Samsung” case study 1. Introduction: Samsung Electronics Company, henceforth called “Samsung” in this case, was established in 1969 to manufacture black-and-white TV sets. In 1974, Samsung, which was a producer of low-end consumer electronics, purchased Korea Semiconductor Company and began its semiconductor industry. Under the leadership of the chairman of Samsung Group, Kun He Lee, Samsung has risen, with a remarkable speed, to become the world’s leading memory producer, ranking 2nd just behind
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What is the contribution of government policy at the broad macro level and at the sector level in Samsung’s technological learning? By the 1980s, Korean government had made it clear through a “pre-announcement system” that quantitative control and tariff cutting would be eliminated. Firms were thus given time to prepare and to adjust production systems for efficiency Protection and subsidies were not without a prize. The State imposed performance standards by which export performance was the
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year ago in August 2013, Samsung was ranked number one in the top ten largest electronic companies in the world as oppose to its leading competitor the Apple company ranked at number four during this time period. This ranking was based on the most revenue produced, engineering and mechanical aspects. In addition, the smart television, the smart phone, the Samsung washing machine and the company is considered to be the most admired brand in Southern Africa. (Kwon, 2013) Samsung a Korean based company
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Finance/Capital: d. Production: e. Marketing/Sale: 3. Cost and differentiation advantage: Samsung had both cost and differentiation advantage over its rivals. Kun Hee Lee, chairman of the Samsung Group, stern advice to his employees were to always demand superiority in product design and price efficiency which were directly related to cost and differentiation advantage. As a high-volume buyer, Samsung benefited discounts offered from raw material suppliers which had resulted Samsung’s cost to
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