Many Koreans pride over supposedly "Korean" companies like Samsung. They make proud statements like, "I'm Korean, our people make Samsung," which seems to be a fair statement, right? Not necessarily.

According to Samsung's Stock Ownership Structure, FOREIGNERS actually own most of Samsung. In particular, of the total shares outstanding, foreigners own/control over 55%. This doesn't include categories like "Major Shareholder Related Parties," which Samsung subsidies own/control over (of which foreigners own the majority) and Treasury Stock that the company keeps (again, mostly owned by foreigners).

Ownership structure of Samsung Electronics as of the end of December, 2010
Total Stock


To put things into perspective, domestic individuals own a mere 5% the overall company.

Of the Preferred Stock, foreigners own a staggering 82%. Of the Common Stock, foreigners own over 50%, mainly because most of the common stock is under the control of Samsung subsidies, which foreigners own the majority of.

Preferred Stock

Common Stock



So, what does this imply about Samsung? Is it a "Korean" company as many Koreans like to think and are so proud of?

Here's an informative Samsung commercial that shows South Korea being transformed from a peasant society to a modern one: http://www.youtube.com/watch?v=aUiYw06qyFE

Please discuss.

Here's the source:
*http://www.samsung.com/us/aboutsamsung/ir/corporategovernance/ownershipstructure/IR_OwnershipStructure.html

To be precise, Samsung is a Korea-based multi-national company. The majority of their executives and employees are Korean nationals. A large number of Koreans' livelihood is directly or indirectly related to the company. Besides that, the company itself doesn't have a national identity.

well this explains why south korea's gdp is only 1 trillion. about the same size of spain but spain doesn't make anything

Looks like this OP is desperate for attention from Koreans.
He doesn't understand what's multinational mean.

Nope, just addressing a relevant and interesting matter.




It doesn't matter if Samsung is multinational. It doesn't change the FACT that foreigners OWN the majority of the company.

It's called Koreans slaving away for the benefit of foreign owners.

Do they work for free?

Samsung's position in Korea is a heavy topic with many aspects to consider. There are books written about it. But I don't know what your intention is.

Please let me re-word what I said earlier. It's called Korean slaves working for foreigners.

So you are a "slave" if you work for a multinational corporation? lol

Well obviously you do looking attention from Koreans.
So what? company's HQ is in Seoul and upper management are all Koreans.

Isn't Samsung trying to monopolize everyday life in South Korea? Anyway, they have a large semiconductor fabrication center in Austin, Texas, America.

Again, it doesn't change the FACT that it's a mostly owned foreign company. Whether they are office assistants or upper managers, they are all working for their foreign owners.

Uh huh. In that case, you could argue that foreigners "own" Korea as well.

LOL.... We all know the intent of the OP.

Anyhow, Samsung gives out shares to raise capital to fund its investments. The executives and majority of people controlling the company are Korean. And its achievements are obviously attributed to Koreans.

In denial much?

Wow, some posters have some serious issues.

SLAVES!

ENGLISH TEACHERS!

IMF!!

Oh, my!!

Well the fab center in Austin does not have access to Samsung's most advanced technology. The management has a "clash of culture" problem between Koreans and Americans as well.

Are you that jealous of the world's most powerful and innovative electronics company that you need to start a thread like this?

Oh wait, Samsung doesn't just make electronics:

http://en.wikipedia.org/wiki/Samsung_Group

Electronics Industries
Shipbuilding
Financial Services
Chemical Industries
Machinery & Heavy Industries
Engineering & Construction
Retail & Entertainment
Apparel & Advertisement
Education & Medical Services
Trading & Resource development
Food supplier & security services

What's your ethnic background again? lol

Most advanced technology? What could that possibly be, considering Samsung is a lower-middle end tech company that imitates other companies?

LOL. Wow, trolls suck at trolling these days, don't they?

Reality:

http://en.wikipedia.org/wiki/Samsung_Electronics:


"Samsung Electronics (SEC, Korean: 삼성전자, KRX: 005930, KRX: 005935, LSE: SMSN, LSE: SMSD) is the world's largest electronics company with a 2009 revenue of $117.4 billion,[3][6][7][8][9] headquartered in Samsung Town, Seoul, South Korea.[1][2] It is the flagship subsidiary of the Samsung Group. With assembly plants and sales networks in 65 countries across the world, Samsung has as many as 157,000 employees. [10]

In 2009, the company took the position of the world’s biggest IT maker by surpassing the erstwhile leader Hewlett-Packard.[11] Its sales revenue in the areas of LCD and LED displays and computer chips is the world’s No. 1.[12]
Some of the most popular items produced by Samsung include LED-backlit LCD TVs and Galaxy S mobile phones. Even though consumers may not realize, many non-Samsung-brand devices such as TVs and phones have Samsung-manufactured memory components inside.

In the TV segment, Samsung’s market position is dominant. For the four years since 2006, the company has been in the top spot in terms of the number of TVs sold, which is expected to continue in 2010 and beyond. In the global LCD panel market, the company has kept the leading position for eight years in a row.[13]

With the Galaxy S model, Samsung’s smartphone lineup has retained the second-best slot in the world market for some time.[14] In competition to Apple's iPad tablet, Samsung released the Android powered Samsung Galaxy Tablet.[15]"

Thanks for emphasizing how much foreigners REALLY own of Korea...

Ummm.. ok. You made no sense there... good job.


Yeah, thanks to the influx of foreign capital, Korea has grown into a leader of many advanced industries and has become a rich, developed country.

Korea's economic development is doing just fine due to the export-driven growth of companies like Samsung, Hyundai, LG, Lotte, etc. I'm not blind... things are looking pretty good.

Anyways, I'm done talking to trolls... just wanted to have some fun that's all. And I don't know what ESL teachers have to do with any of this. LOL.

Your deluded point-of-view is one of the reasons why I created this thread. You are for some reason so proud of these companies, you are completely ignoring their true stance.

What FACT? Shareholders?
lmao

I was even gonna give you the benefit of the doubt regarding your view on the stakeholders despite your "if you work for a multinational company, you are a slave" logic. But the above line just tells me you are one simple troll lol

Yes. Shareholders. What's possibly so funny about that? Unless you don't know how business works, you should educate yourself.

What do you care about Samsung's shareholders, are you jealous of them for having one of best bluechip company's share?
Don't be idiot, the only motivation you've posted this thread is make fun at Koreans, most Korean knows Samsung is multinational,
It's good thing for Korea allowing foreigners to invest in Korean companies,

Btw, may I ask you where you from? are you Japanese or Chinese?

The only problem with this is most Koreans everywhere will be in denial. They are so caught up with "ohh I'm Korean, we make Samsung, blah blah blah." xD

That's not your business to worry about, the fact is Samsung is listed as Korean brand just like Fila Sport is Italian brand when majority of shareholder of Fila is Korean. It's you need to take class in Business.

LOL. I have a undergraduate and graduate degree in business from a top 35th ranked university in the world. I'm pretty educated in business matters... how about you?

Then why is it so difficult for you to acknowledge the truth of the matter? you've sure revealed a lot about your schooling...

You should read "삼성을 생각한다" book considering you're worried about Samsung going over to foreigner.

Samsung is much more Korean than China is Chinese. That is if we go by the OP troll's logic. China is the world's factory floor where all the assemblies are going on. But most of the true profit flow back to foreign countries who own those factories. And I'm not talking about just stock dividens. The Apple iPhone 4 is the perfect example of what I'm talking about. That phone's 45% of cost of high tech components inside are made by Samsung or LG - which represents about $90 worth. Yet China's hardware input in the phone is zero and the input cost is only $0.16 cents for assembly. So on the surface it looks impressive that China is exporting all these smartphones, bumping up their export figures. But dig deeper and the true profits do not stay in the country in the end. So really, if you think about it, Chinese people are assembling these items, slaving away for foreign bosses. I'm not putting down China for this, after all, this is how Korea also used the same strategy to develop. But I just wanted to point out the flaw in the troll's logic that Samsung is owned by foreigners and that they're a low level tech company.

As for OP's assertions that Koreans are slaving away for foreigners because of stock ownership, he needs to go back to school and understand how businesses work. LOL. Without capital and without foreign investment Samsung wouldn't be where it is today - competing with IBM for the number one position for number of patents - and with 10 percent of Korean small and medium businesses directly depended on it. The 1997 IMF redirection of South Korea steered Korea away from being an insulated, isolated, globally uncompetitive country. Who would have thunk ten years ago that one Korean company Samsung Electronics can be a more competitive and profitable company than ten Japanese electronic companies put together? Nobody imagined that.

I guess we'll have to create more Samsung and Hyundai threads to make these trolls get more perturbed. LOL.

lol you are exaggerating Chinese exports. the number of Chinese millionaires and billionaires and their growth is clear where the profits are going.

although i dont see the point of bringing in China in this thread.

Agree, no need to bring China to this thread.
I think Tom was little carried away because of OP being Chinese.

I didn't even know Kono10 was Chinese, but why he's using Japanese sounded name?

I'm just taking the logic of the troll (who is probably a Chinese poster), and pointing out his fallacy.

What does foreign manufacturing companies in China have to do with this? Yes, they are foreign owned. Sure, the money flows back to the US. The matter here is, Samsung, being a "Korean" company is mostly owned by foreigners. Why can't you all accept this simple fact? I even gave evidence to support this.



Blah blah blah... Foreigners still OWN Samsung. So what?

You made your useless point here already, why repeating same comment again and again?
Are you having down syndrome or something?

Nope, certain posters here are too mental to understand simple facts so it requires reiterating. even posters supposedly possessing masters and bachelors degrees are having difficulty understanding.

at least they didn't repeated but you did of course.
anyway, why did you even posted this thread at first place when you knew exactly kind of replies you get from here?

Look, you don't need to worry about Korea so much. It's doing well, no matter what you claim. Even China's government think tank rates S.Korea number one in Asia, in competitiveness. That's your own country claiming this.

i see.

although i dont think a comparison between Samsung and its importance to South Korea is similar to your example of manufacturing/export for China. basically if you made a thread pointing out the minuscule profits chinese workers get compared with the profits of the products they are associated with, i doubt you will get the same kind of post reactions.

at least i dont think its logical to react in the same way.

for ownership, the companies producing in China were never Chinese in the first place. there is no sense that its Chinese like Koreans think of Samsung.

for wealth, manufacturing in China hasnt made Chinese rich or done for Chinese business like Samsung has allegedly done for South Korea. i think you said 10% of small/medium business directly depend on Samsung?

55% of Chinese millionaires (in US dollar) is from private businesses, the next biggest share is real estate
http://www.cnngo.com/shanghai/life/how-man...s-enough-089704

LOL,

Look, Spain's nominal GDP means a hill of beans since they bloat the figures by the way how they count. In other words, like Greece, Portugal, and Ireland, their economic figures are a sham. Their economy is based on budget deficits that are unsustainable in the long term, helped by an overvalued Euro which further bloats their already distorted GDP figures. They produce little, and they live by the reputation of being located in Western Europe. South Koreans don't have to be worried over meaningless paper figures that can be penciled over with imaginative book keeping.

The capital may be largely foreign, but it is the leadership and ingenuity of the Korean management/employees that has made Samsung what it is today. The OP is trying to take discredit Samsung as a Korean creation due to the fact that it has foreign investment. Investment doesn't mean much unless there is creativity and innovation to make something out of it. There are many investments that have failed due to the lack of creativity/business sense of the people who ran the company. So money definitely is not enough. Although shareholders do have a vote in meetings over company policy, it is simply not practical to have meetings every day or even every week. Shareholders cannot micromanage companies. So the day-to-day operations are left to the leadership and employees of the company. Anyone who understands business knows that it's common sense of investors to get a return on their investment. Otherwise, why invest? The OP's complete lack of basic knowledge just shows how clueless he is. There are agreements put in place determining what investors will get from their investment. The Samsung family really answers to no one. If you did your research, you would find that out. Anyways, the OP is a loser.

It hurts his ego that Koreans can have something to be genuinely proud of.

that's not the issue here. we're talking about who OWNS the company and WHERE the PROFITS go. the more innovative, ingenious or successful samsung is, the more the foreigners will take at korea's expense. admit it.

Admit that you're a troll.

The bulk of the profits of any corporation (unless not-for-profit) end up in the hands of the top 10% or less of it's executives, unless it is turned back to R&D. That means that the profits are going to those South Koreans that comprise Samsung's executive management team. Only after they are well compensated in all sort of manner, the taxes are paid to the various government entities where they have operational facilities, and the lenders who supplied the original capital are repaid, does anything go back to the shareholders. So as for where the profits are going, it would not be surprising to find that the majority of the actual funds remain in the hands of Koreans.

that sums up a troll mentality.
china is a major manufacturing hub - so are chinese all slaves?

there are many countries in this world that are very poor, had no conglomerate corporations, but merely working their barely sustainable lifelihood if not for foreign investments, whether tourism or manufacturing. does that take away the least integrity of these people and render them as slaves?

i dunno what is the thread title so uptight abt it. if the executives and the engineers are not from korea and if the plants are not in korea, then there might be a real problem. the main thing is the corporate produces achievement that is from the respective people in charge, and that the corporate provides livelihood for the respective people, that is where satisfaction and pride are originated and quoted.

In the end, Samsung Everland Resort controlls Samsung Electronics.