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Note that Samsung is a huge conglomerate. I suppose this is news is posted here because some many people on HN tend to view Samsung is an "Apple rival" (and for
by nandemo 14y ago
Note that Samsung is a huge conglomerate. I suppose this is news is posted here because some many people on HN tend to view Samsung is an "Apple rival" (and for some odd reason a lot of people "root" for tech companies), but Samsung is more like a Korean version of what General Electric used to be.
According to Wikipedia, Samsung's revenue in 2011 was U$247 billion. That's about the nominal GDP of Hong Kong or Israel.
- kitsune_ 14y agoAmen, when the tech press talks about Samsung it usually talks about Samsung Electronics. I find it somewhat aggravating. Samsung builds ships, skyscrapers, it owns departments stores and provides life insurances. The conglomerate is a complex maze of interconnected companies. The ownership structure is very complicated. There is an excellent article about it in The Economist.
- lostlogin 14y agoI've read about their opaque structure before, and the relationship between big business and the South Korean government. Dark and murky. It's rather fascinating. Wish I could remember the article source.
- richworks 14y agoIs this the article you are talking about? : http://www.economist.com/node/15816702 http://www.economist.com/node/15816702
- nandemo 14y ago(sorry, couldn't edit out the typos)