You will now get to read a true example of how much dominance a company can have in its own country. We are going to talk about Samsung, which is today known for its mobile phones in countries across the world.
Beginning of Samsung:
Started in 1938 (South Korea) by Lee Byung-Chull as a brick-and-mortar shop, today this company alone contributes 22.4% of the country’s GDP. It is believed that the company has a strong hold even in the government. Lee Byung-Chul’s family is quite big and many different people in it do business in the name of Samsung, although even today this family believes in working together.
What is the main business: Samsung is not only known for its electronics, but apart from this the company also makes big investments in sectors like weapon manufacturing, real estate. Most of the goods exported from Korea are manufactured by Samsung companies. Apart from this, one of the three largest shipbuilding companies in South Korea is named after Samsung.
Burj Khalifa:
The world’s largest building Burj Khalifa has also been built by Samsung, from this we can guess how this company is expanding its business all over the world due to its strong hold.
Valuation; Samsung’s total valuation is ₹21.772 Trillion.
Samsung’s business in India:
Samsung mainly does electronics business in India and it is growing rapidly every year, according to estimates, the company’s valuation reached $520.65 billion in 2024.
Which is going to increase further in the upcoming salon.
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