DOCSLIB.ORG

SAMSUNG ELECTRONICS Co., Ltd. Interim Business Report for the Quarter Ended September 30, 2016

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
SAMSUNG ELECTRONICS Co., Ltd. Interim Business Report for the Quarter Ended September 30, 2016 SAMSUNG ELECTRONICS Co., Ltd. Interim Business Report For the quarter ended September 30, 2016 Certain statements in the document, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in our financial reports available on our website. See, also, 『Note on Forward-Looking Statements』 in preamble of 『II. Business Overview』. Samsung Electronics Interim Business Report 1 / 180 Table of Contents Certification ..................................................................................................................................................................... 3 I. Corporate Overview ..................................................................................................................................................... 4 II. Businesses Overview ............................................................................................................................................... 22 III. Financial Affairs ........................................................................................................................................................ 59 IV. Auditor’s Report ..................................................................................................................................................... 117 V. Management Discussion and Analysis.................................................................................................................. 119 VI. Corporate Governance .......................................................................................................................................... 120 VII. Information on Shareholders ............................................................................................................................... 131 VIII. Executives and Employees ................................................................................................................................. 137 IX. Affiliates and Subsidiaries .................................................................................................................................... 141 X. Related Party Transactions .................................................................................................................................... 171 XI. Other Information ................................................................................................................................................... 175 Samsung Electronics Interim Business Report 2 / 180 Certification Letter of Certification We, Oh-Hyun Kwon and Sang-Hoon Lee, as CEO and executive of the company in charge of reporting, certify that we have reviewed the interim business report of Samsung Electronics Co., Ltd. for the nine-months ended September 30, 2016. Based on our knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary that would be misleading with respect to the period covered by this report. Based on our knowledge, the financial statements, and other financial information included in the report, fairly present in all materials respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report. We confirm that Samsung Electronics operates an Internal Accounting Management System, responsible for establishing and maintaining disclosure controls and procedures and internal controls over financial reporting, as defined in Article 2.2 and 2.3 of the External Audit Act. We have disclosed our most recent evaluation of internal controls over financial reporting to the Company’s auditors and to the audit committee of the Company’s board of directors. Date: 2016. 11. 14 Samsung Electronics Interim Business Report 3 / 180 I. Corporate Overview 1. Overview A. Legal, Commercial Name: - Samsung Electronics Co., Ltd. B. Date of Establishment: - Samsung Electronics Co., Ltd. (“SEC”) was established as Samsung Electronics Industry Co., Ltd. on January 13, 1969, and held an initial public offering on June 11, 1975. - SEC changed its name from Samsung Electronics Industry Co., Ltd. to Samsung Electronics Co., Ltd. following a resolution passed at the Annual General Meeting of Shareholders on February 28, 1984. C. Address, Phone Number, and English Language Website of the Corporate Headquarter - Address: 129, Samsung-ro, Yeongtong-gu, Suwon, Gyeonggi-do, Korea - Phone Number: 82-31-200-1114 - Website: http:// www.samsung.com/sec D. The Company is not subject to Article 2 of the Framework Act on Small and Medium Enterprises. E. Core Businesses - The Company (defined below) separately oversees three independent self-determining divisions (each a “Division”), CE (Consumer Electronics), IM (Information Technology & Mobile Communications), and DS (Device Solutions). Products in each Division are presented below: Division Products CE TV, Monitor, Printer, Air Conditioner, Refrigerator, Washing Machine, Medical Devices, etc. IM HHP, Network System, Computer, Digital Camera, etc. DS DRAM, NAND Flash, Mobile AP, LCD panel, OLED panel, LED, etc. The Company is a global electronics company comprised of the headquarters in Korea and 165 subsidiaries (SEC and its subsidiaries collectively, “Samsung Electronics” or the “Company”) across the world including nine (9) regional headquarters for the CE and IM Divisions and five (5) regional headquarters for the DS Division. [CE Division] The CE Division is leading the global digital era by continuously offering new products with innovative technology, unique design, and enhanced value propositions. TV is the core product of CE. The Company has maintained its market leadership position for the past ten (10) consecutive years by leveraging competitive advantages in hardware such as LCD/LED TVs as well as software driven product features within our Smart TV product portfolio. Samsung Electronics Interim Business Report 4 / 180 [IM Division] The IM Division is at the forefront of mobile lifestyle innovation with consumer-friendly products such as the premium ‘GALAXY’ series, while driving the paradigm shift in the market beyond mobile convergence to focus on software. The IM Division is focused on meeting market demand by enhancing mobile product differentiation through seamless integration of key features from various product categories. The IM Division expects increased convergence of mobile phones, digital media devices and personal computers, cameras and other devices in smartphones and tablets, with both serving as replacements for certain devices. As a result, the IM Division has made, and will continue to make, significant investments in research and development of new technologies, products and services. In addition to handheld phone (“HHP”) products including smartphones, the IM Division is also leading technological development and standardization in the global networks system market including Long Term Evolution (“LTE”). [DS Division] The DS Division is comprised of the semiconductor sub-division and the display panel business. The semiconductor sub-division (“Semiconductor Sub-Division”) is further divided into the memory business and the system LSI business. The Company’s memory business unit (“Memory” or “Memory Business Unit”) manufactures and sells DRAM and NAND products. The Company’s system LSI business unit (“System LSI”) manufactures mobile application processors (“Mobile APs” or “APs”) and customized logic products. The display business (“DP Business Unit”) manufactures and sells display panels (“DP”). The Company is constantly working to increase its influence on end-product manufacturers and create new demand by developing high quality components and through technological breakthroughs, as it has done with high-end 3D TV panels and in memory components like DRAM by increasing capacity by increasing density. The Memory Business Unit produces differentiated products and has maintained the top position in the global memory market by continuously applying the latest advanced process technology ahead of the competition with each technological iteration. The system LSI market is shifting from PCs to mobile devices. Like its sibling, the System LSI business unit is plans to stay at the forefront of this market by offering differentiated products created using the latest advanced process technology and through efficient inventory management. The Company’s TFT-LCD business has been maintaining its position as a leader in the global flat panel display market by developing evermore higher resolution panels that are more energy efficient and by producing these panels more cost efficiently with a higher yield rate. OLED is increasingly and rapidly replacing TFT-LCD in smart phones and other IT devices. The Company is also a market leader in the OLED displays, reaping the benefits of its continued investment and technological breakthroughs. ☞ See 『II. Businesses Overview』, for more details about each Division. Samsung Electronics Interim Business
Load more

Recommended publications
  • FTSE Korea 30/18 Capped
    2 FTSE Russell Publications 19 August 2021 FTSE Korea 30/18 Capped Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) Alteogen 0.19 KOREA Hyundai Engineering & Construction 0.35 KOREA NH Investment & Securities 0.14 KOREA AmoreG 0.15 KOREA Hyundai Glovis 0.32 KOREA NHN 0.07 KOREA Amorepacific Corp 0.65 KOREA Hyundai Heavy Industries 0.29 KOREA Nong Shim 0.08 KOREA Amorepacific Pfd. 0.08 KOREA Hyundai Marine & Fire Insurance 0.13 KOREA OCI 0.17 KOREA BGF Retail 0.09 KOREA Hyundai Merchant Marine 1.02 KOREA Orion 0.21 KOREA BNK Financial Group 0.18 KOREA Hyundai Mipo Dockyard 0.15 KOREA Ottogi 0.06 KOREA Celltrion Healthcare 0.68 KOREA Hyundai Mobis 1.53 KOREA Paradise 0.07 KOREA Celltrion Inc 2.29 KOREA Hyundai Motor 2.74 KOREA Posco 1.85 KOREA Celltrion Pharm 0.24 KOREA Hyundai Motor 2nd Pfd. 0.33 KOREA Posco Chemical 0.32 KOREA Cheil Worldwide 0.14 KOREA Hyundai Motor Pfd. 0.21 KOREA Posco International 0.09 KOREA CJ Cheiljedang 0.3 KOREA Hyundai Steel 0.33 KOREA S1 Corporation 0.13 KOREA CJ CheilJedang Pfd. 0.02 KOREA Hyundai Wia 0.13 KOREA Samsung Biologics 0.92 KOREA CJ Corp 0.11 KOREA Industrial Bank of Korea 0.22 KOREA Samsung C&T 0.94 KOREA CJ ENM 0.15 KOREA Kakao 3.65 KOREA Samsung Card 0.08 KOREA CJ Logistics 0.12 KOREA Kangwon Land 0.23 KOREA Samsung Electro-Mechanics 0.81 KOREA Coway 0.36 KOREA KB Financial Group 1.78 KOREA Samsung Electronics 25.36 KOREA Daewoo Engineering & Construction 0.12 KOREA KCC Corp 0.12 KOREA Samsung Electronics Pfd.
    [Show full text]
  • Company Profile
    COMPANY PROFILE We submit our brief company profile hoping you understand better our company, And we look forward to taking part in your future projects. Thank you for your kind attention. 68 CONTENTS 1. Present Condition of Company Outline of the Company C.E.O. Message Organization Chart History of the Company Foreign Branch 2. Business Condition Financial Status Contract Awarded Manpower Resources 3. HSE System HSE Policy HSE Organization Chart HSE Certificate 4. QA/QC System QA/QC Policy QA/QC Organization Chart QA/QC Certificate 5. Major Accomplishments Fields of Construction - Semiconductor Plant - Plant - R&D Center / Computing Information Agency - Hotel / Resort / Convention center - Hospital & Health Care Facilities - Apartment/ Residence / Office Building - Mall/ Department Store/ Gym/ Airport - Infrastructure / Transmission Line - Railway Construction - Renewable Energy - Overseas Project 6. Sketch Map of Head Office 1. Present Condition of Company Outline of the Company Company DaeMyoung Global Engineering & Construction Co., Ltd. Name CEO JONG-BO, KIM Found April 10, 1995 Capital USD 1,875,000.00- 2015 USD 121,275,893.00- Sales Account Fields M&E Engineering and Construction Electrical & Mechanical Construction, Information & Telecommunication(IT), Business Fire Fighting System, Civil & Building Works, Wind power generation system Main Office 10, Yangjaecheon-ro 19-gil, Seocho-gu, Seoul, Korea Staff 111 Engineers. 35 Admin./Account, Total 146 qualified staffs Home Page www.dmgec.com Contact Tel: +82-2-2182-3902 / Fax: +82-2-2182-3986 Credit A+ : by Korea Ratings Rating A+ : by DNB Korea 1. Present Condition of Company CEO Message We will not spare any efforts for being a world wide leading company.
    [Show full text]
  • Holdings-Report.Pdf
    The Fund is a closed-end exchange traded management Investment company. This material is presented only to provide information and is not intended for trading purposes. Closed-end funds, unlike open-end funds are not continuously offered. After the initial public offering, shares are sold on the open market through a stock exchange. Changes to investment policies, current management fees, and other matters of interest to investors may be found in each closed-end fund's most recent report to shareholders. Holdings are subject to change daily. PORTFOLIO HOLDINGS FOR THE KOREA FUND as of July 31, 2021 *Note: Cash (including for these purposes cash equivalents) is not included. Security Description Shares/Par Value Base Market Value (USD) Percent of Base Market Value SAMSUNG ELECTRONICS CO 793,950 54,183,938.27 20.99 SK HYNIX INC COMMON 197,500 19,316,452.95 7.48 NAVER CORP COMMON STOCK 37,800 14,245,859.60 5.52 LG CHEM LTD COMMON STOCK 15,450 11,309,628.34 4.38 HANA FINANCIAL GROUP INC 225,900 8,533,236.25 3.31 SK INNOVATION CO LTD 38,200 8,402,173.44 3.26 KIA CORP COMMON STOCK 107,000 7,776,744.19 3.01 HYUNDAI MOBIS CO LTD 26,450 6,128,167.79 2.37 HYUNDAI MOTOR CO 66,700 6,030,688.98 2.34 NCSOFT CORP COMMON STOCK 8,100 5,802,564.66 2.25 SAMSUNG BIOLOGICS CO LTD 7,230 5,594,175.18 2.17 KB FINANCIAL GROUP INC 123,000 5,485,677.03 2.13 KAKAO CORP COMMON STOCK 42,700 5,456,987.61 2.11 HUGEL INC COMMON STOCK 24,900 5,169,415.34 2.00 SAMSUNG 29,900 4,990,915.02 1.93 SK TELECOM CO LTD COMMON 17,500 4,579,439.25 1.77 KOREA INVESTMENT 53,100 4,427,115.84
    [Show full text]
  • 2015 Samsung Engineering Profile Para Obtener Más Información Sobre Samsung Engineering, Explore Este Código QR Con Un Smartphone
    2015 SamSung EnginEEring profilE www.samsungengineering.com Para obtener más información sobre Samsung Engineering, explore este código QR con un smartphone. Samsung Engineering crece a escala mundial desde hace más de 40 años. Seguiremos manteniendo el rumbo mediante la búsqueda constante de la excelencia en ingeniería, gestión de proyectos y civismo empresarial para generar valores más altos y más sostenibles. Números Claves 04 Mensaje de CEO 10 Samsung Engineering en un Vistazo 12 Negocios 16 Sostenibilidad 63 we build the world El 15 lugar en el mundo Contratista internacional clasificado por el ENR Posición Sólida a Nivel Mundial En 2014, el ENR (por siglas en inglés del Registro de Noticias de Ingeniería), una publicación líder en el sector de la ingeniería y la construcción de los Estados Unidos, clasificó a Samsung Engineering en el 1er puesto en Oriente Medio, 6to en petróleo, 3ro en industria y 15to entre 250 contratistas mundiales de acuerdo con los ingresos acumulados en el extranjero por la empresa durante el año 2013. Estas clasificaciones demuestran nuestros conocimientos tecnológicos especializados, desempeño superior y presencia creciente en el mercado mundial. 04 05 built on 110.000.000 our expertise horas-hombre sin accidentes En el Proyecto Shaybah, Saudi Aramco en Arabia Saudita Alto Nivel de Registro de Seguridad La seguridad es la meta principal y un principio no negociable de Samsung Engineering, y gracias a esa prioridad de la seguridad, Samsung Engineering fue capaz de registrar 110 millones de horas- hombre sin accidentes en el proyecto Shaybah para Saudi Aramco. Para mantener un alto nivel de concientización de seguridad en todo el proyecto, Samsung Engineering identificó y eliminó más de 43.000 problemas potenciales de seguridad mediante inspecciones de seguridad diarias, capacitaciones en seguridad y otras campañas y programas diversos.
    [Show full text]
  • Samsung Electronics Co., Ltd. and Its Subsidiaries NOTES to INTERIM
    Samsung Electronics Co., Ltd. and its Subsidiaries NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS 1. General Information 1.1 Company Overview Samsung Electronics Co., Ltd. (“SEC”) was incorporated under the laws of the Republic of Korea in 1969 and listed its shares on the Korea Stock Exchange in 1975. SEC and its subsidiaries (collectively referred to as the “Company”) operate four business divisions: Consumer Electronics (“CE”), Information technology & Mobile communications (“IM”), Device Solutions (“DS”) and Harman. The CE division includes digital TVs, monitors, air conditioners and refrigerators and the IM division includes mobile phones, communication systems, and computers. The DS division includes products such as Memory, Foundry and System LSI in the semiconductor business (“Semiconductor”), and LCD and OLED panels in the display business (“DP”). The Harman division includes connected car systems, audio and visual products, enterprise automation solutions and connected services. The Company is domiciled in the Republic of Korea and the address of its registered office is Suwon, the Republic of Korea. These interim consolidated financial statements have been prepared in accordance with Korean International Financial Reporting Standards (“Korean IFRS”) 1110, Consolidated Financial Statements. SEC, as the controlling company, consolidates its 256 subsidiaries including Samsung Display and Samsung Electronics America. The Company also applies the equity method of accounting for its 41 associates, including Samsung Electro-Mechanics.
    [Show full text]
  • Sustainability Report Contents
    2019 Samsung Engineering Sustainability Report Contents About this Report Samsung Engineering has published annual sustainability reports to transparently disclose our sustainability management 50-year Sustainability History Sustainability strategies, major activities and performance and to actively Facts & Figures communicate with stakeholders. This is our ninth sustainability 08 48 report. Reporting Period This report covers Samsung Engineering’s performance and activities from January to December 2019. As for some topics of significance, this report includes data as recent as May 2020. When necessary, it also provides trends in time series utilizing data from the three most recent fiscal years (from January 2017 to December 2019). Reporting Boundary and Scope In principle, we aimed to report on all aspects of Samsung Engineering’s domestic and overseas business areas (including project sites) as well as those of our subsidiaries in accordance with the GRI (Global Reporting Initiative) standards for the reporting boundary and scope. Supplier performance data was also included for some data, which is separately stated. 16 Sustainability Values Reporting Content This report is written in accordance with the sustainability management framework pursued by Samsung Engineering. It is structured in two parts: “Sustainability Values” mainly describes our new corporate culture’s core values, which are the foundation of our business operation; “Sustainability Facts & Figures” contains our pledges to the stakeholders and major Overview Sustainability Sustainability Appendix performance in each sector, governance, ethics & compliance, Values Facts & Figures risk management, employees, local community, supply chain and environment. 02 Message from the CEO 18 Sustainability Management 50 Governance 76 Impact Valuation Reporting Principles and Credibility 04 Samsung Engineering Framework 54 Ethics & Compliance 78 Financial Performance We comply with the core options of GRI Standards 100-400.
    [Show full text]
  • USETTS INSTITUTE of TECHNOLOLGY by JUN 2 4 2015 Hye Sung (Hazel) Yang LIBRARIES B.A
    The strategic transformation of advertising agencies in the digital era: ARCHIVES The case of Cheil Worldwide in Korea MASSACHUSETTS INSTITUTE OF TECHNOLOLGY By JUN 2 4 2015 Hye Sung (Hazel) Yang LIBRARIES B.A. French Language and Literature Ewha Womans University, 2005 SUBMITTED TO THE MIT SLOAN SCHOOL OF MANAGEMENT IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF SCIENCE IN MANAGEMENT STUDIES AT THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY JUNE 2015 2015 Hye Sung Yang. All rights reserved. The author hereby grants to MIT permission to reproduce and to distribute publicly paper and electronic copies of this thesis document in whole or in part in any medium now known or hereafter created. Signature of Author: Signature redacted MIT Sloan School of Management May 8, 20 15 Certified By: Signature redacted Juanjuan Zhang Epoch Foundation Professor of International Management 11 Thesis Supervisor Accepted By: _Signature redacted _ Michael A. Cusumano U SMR Distinguished Professor of Management Program Director, M.S. in Management Studies Program MIT Sloan School of Management 2 Page intentionally left blank 3 The strategic transformation of advertising agencies in the digital era: The case of Cheil Worldwide in Korea By Hye Sung (Hazel) Yang Submitted to the MIT Sloan School of Management on May 8, 2015 in partial fulfillment of the requirements for the degree of Master of Science in Management Studies 1. ABSTRACT Cheil Worldwide is the number one marketing and advertising agency in Korea. Throughout its history, it heavily relied on its parent company and major client, Samsung and on traditional media advertising for its revenue.
    [Show full text]
  • 1H13 Business Report
    1H13 Business Report I. Corporate Overview □ Affiliates As of end-1H 2013, Samsung Group had a total of 77 domestic affiliates. Compared to end-2012, two new affiliates (Jung-ahm Wind Power, and Sungkyunkwan University Dormitory) were added and six (SECRON, SEHF Korea, SB LiMotive, GES, Idea Company Prog, Top Cloud Corporation) were excluded. Among Samsung Group’s 77 affiliates, 17 including Samsung Electronics are listed, and 60 are unlisted. (As of June 30, 2013) No. of affiliates Name of affiliates Samsung C&T, Cheil Industries, Samsung Electronics, Samsung SDI, Samsung Techwin, Samsung Life Insurance, SEMCO, Samsung Heavy Industries, Listed 17 Samsung Card, Hotel Shilla, Samsung Fire & Marine Insurance, Samsung Securities, S1, Samsung Fine Chemicals, Samsung Engineering, Cheil Worldwide, Credu, Samsung Everland, Samsung Petrochemical, Samsung SDS, Samsung General Chemicals, Samsung Total Petrochemicals, Samsung Lions, SERI, STECO, Samsung Thales, SEMES, Living Plaza, Samsung Corning Precision Materials, Samsung SNS, Samsung Electronics Service, Samsung Electronics Logitech, Hantok Chemicals, Global Tech, CVnet Corporation, Care Camp, Allat Corp., SECUI.com, Wealthia.com, Open Tide Korea, Samsung Futures, 365Homecare, Samsung Venture Investment Corporation, Samsung Asset Management, Saengbo, Samsung Claim Unlisted 60 Adjustment Service, Anycar Service, World Cyber Games, SD Flex, Gemi Plus Distribution, Samsung Bluewings, HTSS, RAY, Songdo Land Mark City, S- Core, S1 CRM, Open Hands, S-EnPol, Samsung Medison, Samsung Biologics, Miracom Inc., Samsung Life Service, SMP, STM, SSLM, SU Materials, Colombo Korea, Samsung Display, Samsung Bioepis, Nuri Solution, Samsung Corning Advanced Glass , Natural 9, Daejung Offshore Wind Power, SERICEO, Samsung Real Estate, Jung-ahm Wind Power, Sungkyunkwan University Dormitory Total 77 ☞ Refer to 『□ Affiliates』 in 『III.
    [Show full text]
  • FTIF - Templeton Korea Fund April 30, 2018
    FTIF - Templeton Korea Fund April 30, 2018 April 30, 2018 FTIF - Templeton Korea Fund Portfolio Holdings The following portfolio data for the Franklin Templeton funds is made available to the public under our Portfolio Holdings Release Policy and is "as of" the date indicated. This portfolio data should not be relied upon as a complete listing of a fund's holdings (or of a fund's top holdings) as information on particular holdings may be withheld if it is in the fund's interest to do so. Additionally, foreign currency forwards are not included in the portfolio data. Instead, the net market value of all currency forward contracts is included in cash and other net assets of the fund. Further, portfolio holdings data of over-the-counter derivative investments such as Credit Default Swaps, Interest Rate Swaps or other Swap contracts list only the name of counterparty to the derivative contract, not the details of the derivative. Complete portfolio data can be found in the semi- and annual financial statements of the fund. Security Security Shares/ Market % of Coupon Maturity Identifier Name Positions Held Value TNA Rate Date B2492F5 CJ CHEILJEDANG CORP 1,736 $553,569 2.17% N/A N/A BDQZDX3 COSMECCA KOREA CO LTD 18,214 $669,988 2.62% N/A N/A 6249584 DAELIM INDUSTRIAL CO LTD 31,309 $2,506,009 9.81% N/A N/A B68N347 DGB FINANCIAL GROUP INC 1 $11 0.00% N/A N/A DOOSAN HEAVY INDUSTRIES & 6294670 84,445 $1,403,909 5.50% N/A N/A CONSTRUCTION CO LTD 6211679 DOOSAN INFRACORE CO LTD 156,000 $1,480,416 5.80% N/A N/A B66CTX7 FILA KOREA LTD 10,572 $1,280,724
    [Show full text]
  • Samsung Electronics Co., Ltd. and Its Subsidiaries NOTES
    Samsung Electronics Co., Ltd. and its Subsidiaries NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS 1. General Information 1.1 Company Overview Samsung Electronics Co., Ltd. (“SEC”) was incorporated under the laws of the Republic of Korea in 1969 and listed its shares on the Korea Stock Exchange in 1975. SEC and its subsidiaries (collectively referred to as the “Company”) operate four business divisions: Consumer Electronics (“CE”), Information technology & Mobile communications (“IM”), Device Solutions (“DS”) and Harman. The CE division includes digital TVs, monitors, air conditioners and refrigerators and the IM division includes mobile phones, communication systems, and computers. The DS division includes products such as Memory, Foundry and System LSI in the semiconductor business (“Semiconductor”), and LCD and OLED panels in the display business (“DP”). The Harman division includes connected car systems, audio and visual products, enterprise automation solutions and connected services. The Company is domiciled in the Republic of Korea and the address of its registered office is Suwon, the Republic of Korea. These interim consolidated financial statements have been prepared in accordance with Korean International Financial Reporting Standards (“Korean IFRS”) 1110, Consolidated Financial Statements. SEC, as the controlling company, consolidates its 252 subsidiaries including Samsung Display and Samsung Electronics America. The Company also applies the equity method of accounting for its 46 associates and joint ventures, including
    [Show full text]
  • THE NEXT PHASE the NEXT PHASE Samsung Annual Report 2003
    Samsung Annual Report 2003 THE NEXT PHASE THE NEXT PHASE Samsung Annual Report 2003 THE NEXT PHASE MOTIVATION To understand where we’re going, it helps to take a look at what’s driving us there. 9 COLLABORATION Successful companies no longer always go it alone. 23 EXPECTATION Customers are all about expectations. 35 DEMONSTRATION It is important to demonstrate that our standards, values and goals are indeed real. 44 COMPUTATION 61 All Samsung products and services mentioned in this publication are the property of Samsung. ORGANIZATION Published by Samsung in coordination with Cheil Communications Inc. The power of Samsung as a brand is tied Printed by Samsung Moonwha Printing Co., Seoul, Korea to the strength of its organizations. Written by Denis Jakuc 65 Principal Photography by Ashton Worthington Created by The Corporate Agenda: www.corporateagenda.com TEN YEARS AGO, Samsung launched its New Management initiative, with the ultimate goal of becoming one of the world’s premier companies. 1993 June Samsung adopts New Management initiative 1994 1995 1996 February January January January July Chairman Kun-Hee Lee holds Japanese headquarters opens Samsung opens headquarters Samsung Electronics begins Samsung Everland opens Carribean electronics products comparison in USA, Europe and China mass production of 64Mb DRAMs Bay, world’s first indoor and outdoor and evaluation conference July water park in Los Angeles, California, USA Samsung Corporation is the February March first Korean company to reach Samsung Electronics completes Samsung Electronics
    [Show full text]
  • Interim Business Report for the Quarter Ended September 30, 2014
    SAMSUNG ELECTRONICS Co., Ltd. Interim Business Report For the quarter ended September 30, 2014 Note about forward-looking statements Certain statements in the document, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in our financial reports available on our website. Samsung Electronics 2014 Interim Business Report 1 / 152 Table of Contents Certification ........................................................................................................................................................................... 3 I. Corporate Overview .................................................................................................................................................... 4 II. Businesses Overview ................................................................................................................................................ 20 III. Management Discussion and Analysis ...................................................................................................................
    [Show full text]