Samsung Electronics announces major biz goals for future

Samsung Electronics hosts Analyst Day,

Largest event held by an Asian corporation.

SEOUL, Korea ? November 3, 2005: Samsung Electronics Co., Ltd. invited analysts to present the company?s mid- and long-term visions in the largest-scale Analyst Day event ever hosted by an Asian corporation.

The company announced five major goals:

? to be one of the top three electronics companies in the world in quantity and in quality by 2010;

? to more than double its 2004 sales revenue by the year 2010;

? to have 20 number one market share products in the world by 2010 (currently the company has eight number one market share products);

? to identify eight growth engines for Samsung?s business including their Digital Television (DTV) products and printers and;

? to pursue innovation throughout all six main areas of the company?s business operations.

Samsung Electronics also presented its vision to lead the digital convergence revolution. First, by 2007 Samsung Electronics aspires to be one of the top three companies in the world in terms of new patent holdings. Second, in the semiconductor sector, Samsung plans on achieving 61 billion US dollars in sales with 24 domestic Fabrication Plants (FABs) by 2012.

Third, Samsung intends to become the leading producer of all-in-one mobile phones in the Information Technology (IT) sector. Fourth, Samsung will aim to reach 20 billion US dollars in Liquid Crystal Display (LCD) sales by 2010. Finally, for its Digital Media Business (DM), Samsung intends on leading the expansion of the digital consumer world by achieving 30 billion US dollars in sales by 2008. With aggressive business plans tailored for each sector, Samsung Electronics pledged to do what is necessary to increase its value for shareholders.

Samsung Electronics hosted their first Analyst Day event on Thursday, November 3, conducting the largest Analyst Day event ever held by an individual company in the Asian region. Samsung Electronics briefed around 300 guests on its current management situation and presented its mid- and long-term visions and business strategies for each individual sector. Among the guests were analysts, institutional investors and IT market experts. 184 of the guests came from overseas, while 105 were from South Korea.

Vice Chairman Jong Yong Yun of Samsung Electronics announced that the company will be ?one of the top three electronics companies in the world in quantity and in quality by 2010, by increasing the number of our leading market share products from the current eight to more than 20 products and also by more than doubling our 2004 sales.?

Vice Chairman Yun then identified eight growth engines which Samsung will focus on. They are; large storage memory chips, next generation displays, next generation mobile telecommunications, digital TVs, next generation printers, system LSI, next generation mass storage and finally, air control system.

To help stimulate growth in the above eight growth engines, Vice Chairman Yun emphasized that Samsung would aggressively pursue innovation of six main aspects: Products, Technologies, Marketing, Process, Global Operation and Organizational Culture.

Significance of Samsung Electronics? first Analyst Day

Samsung Electronics? first Analyst Day was aimed at increasing the confidence shareholders have in Samsung by clearly presenting to them and to the world Samsung?s aggressive and forward-looking business plan, and will ultimately act as a catalyst in sparking growth which will increase the shareholder value of Samsung Electronics.

Senior Vice President WooSik Chu of the Investor Relations (IR) Team said, ?Analyst Day is an opportunity for investors and market interest holders to better understand Samsung Electronics? mid- and long-term visions, strategies and futuristic technologies.? Chu added that Samsung Electronics will ?aggressively engage in investor relations to improve communication with shareholders, demonstrating their importance to Samsung as well as improving the transparency of Samsung?s business management process.?

The event will continue on Friday, November 4, when the participants will attend seminars on forward-reaching technologies and products of Samsung Electronics. The participants will also have the opportunity to visit the company?s factories in Kihung and Tangjung.

Through various IR strategies, Samsung Electronics has introduced its business management activities to investors as well as to the general public. As a result, Samsung Electronics was named the company that enhanced shareholder value the most in Asia by CFO Asia magazine last October. Samsung Electronics also received Korea?s Best Corporate Governance Award from Asset magazine in March. Additionally, Finance Asia magazine named Samsung Electronics Asia?s best managed company and IR Magazine named Samsung Electronics the best Asian company with IR activities in the United States.

About Samsung Electronics

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2004 parent company sales of US$55.2 billion and net income of US$10.3 billion. Employing approximately 113,600 people in 90 offices in 48 countries, the company consists of five main business units: Digital Appliance Business, Digital Media Business, LCD Business, Semiconductor Business and Telecommunication Network Business. Recognized as one of the fastest growing brands, Samsung Electronics is the world's largest producer of color monitors, color TVs, memory chips and TFT-LCDs. For more information, please visit

Gaurav Sinha

Senior Consultant

Integral PR Services Pvt. Ltd.

13/48, First Floor, Commercial Centre,

Malcha Marg

New Delhi-110021

Ph: 51680681-6(Ext.112)

Fax: 51680687

Email :

Visit Us @

Latest Reads
Arrow says, 'best is yet to come' in latest campaign

Marking its 25th anniversary in the country this year, Arrow continues to stand tall for its contemporary, timeless and classic workwear; one that India has loved it for.

MAM Media and Advertising Ad Campaigns
This Diwali, Shopmatic helps you set up your online shop at just INR 4400

With online shopping being in the rage around the seasonal festivities, international e-commerce company Shopmatic is giving small businesses a golden chance to participate in the frenzy by setting their digital shops.

MAM Marketing Brands
ITW Consulting Associates with Cricket South Africa for The Commercial Syndication of The MSL T20 League

ITW Consulting, India-based Sports management company through Global Sports Commerce (GSC), has acquired On-ground Rights, Sponsorships and Broadcast Productionfrom Cricket South Africa

MAM Marketing MAM
Mumbai Gears Up For The 10th Edition of TEDxGateway 2018 as 20+Speakers Take Center Stage

If there’s one platform that brings masterminds together from various walks of life, the first name that comes to mind is TEDxGateway.

MAM Marketing MAM
Initiative appoints Alok Sinha as chief strategy officer

IPG Mediabrands has appointed Alok Sinha as chief strategy officer in line with the agency’s transformational vision merging legacy with new-age dynamism.

MAM Media and Advertising People
Anita Nayyar elevated as CEO of Havas Media Southeast Asia

Havas Group has promoted Anita Nayyar as CEO of Havas Media Southeast Asia on the back of an accelerated growth strategy in the region. This is in addition to her role as CEO of Havas Media India.

MAM Media and Advertising People
Guest Column: The changing landscape of 'Festive Marketing'

Festive season is a time when marketing spends by brands shoot through the roof – and for good reason. This is the time when most high-ticket purchases are made, or if not, influenced. Because of these, most products have huge discounts going on their platforms or brands.

MAM Marketing MAM
Publicis.Sapient launches campaign with The Humsafar Trust

Publicis.Sapient, the digital business transformation hub of Publicis Groupe, has launched a short film, #PeopleNotLabels, in partnership with The Humsafar Trust, India’s oldest LGBTQ organisation.

MAM Media and Advertising Ad Campaigns
Datsun appoints Aamir Khan as face of brand

Datsun has announced actor Aamir Khan as its brand ambassador in India.

MAM Media and Advertising People

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories