Samsung: the Start of an Era of US$10 Billion Profits

"Samsung Electronics last year made a net profit of W10.8 trillion (US$10.3 billion) to become the country's first corporation joining the exclusive club of those earning US$10 billion in net profit. In 2003, only about nine corporations worldwide made an annual net profit of $10 billion, among them MCI, Exxon Mobil, Citigroup and Toyota."
If it is to cement its position as a leading world corporation, Samsung Electronics must not rest on its laurels. It has thus far employed a strategy of swiftly modifying products developed by others, solidifying its own technologies and then contesting through bold investment. Memory chips, liquid crystal displays and cell phones are all such profitable commodities. But that managerial strategy cannot succeed forever. The firm must foster the capability to invent its own technology and create new markets."

Yes! Stop stealing from the others.

"To do so, Samsung has to boost research and development investment and take initiatives in securing core technologies. Though it boasts top-level technologies domestically, Samsung Electronics' technological base is nonetheless poor enough for it to pay W1.5 trillion in patent royalties last year. It also has to raise the localization rate of products from the present 50-60 percent and increase value added income."

Yeap. Go and ask Fujitsu about those patents(remember the PDP patents scam?)

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