Wednesday, July 2, 2014
Samsung electronics earns 10% of its income in Korea
As reported today in The Chosun Ilbo, Korea's domestic market accounts for only about 10 percent of the income earned by Samsung Electronics in 2013, according to the company's most recent sustainability (annual) report. That marked a 22 percent decline from a year earlier and a company spokesperson said the decline was due in part to a saturated smartphone market in Korea. The report also indicated that Samsung Electronics has twice as many employees overseas as in Korea. According to The Chosun Ilbo report, "In 2011, Samsung had 119,753 employees on its overseas payroll and 101,973 in Korea. But in 2013, there were 190,486 overseas compared to 95,798 here."