Wednesday, 23 January 2008

Samsung rules

Just the day before I went to Korea last time in December I read an article about the Samsung scandal involving bribes and economic crimes. It said that there is a saying in Korea that there are three things a korean can not escape; death, taxes and Samsung. And it is so true. The first thing you see when getting off the plane in Seoul is Samsung flat screens and it continues with heaters, cars, buildings, roads, ships, department stores, insurance, telephones, computers, any type of electronic device.... Even the little plastic thing on the dinner table that holds the drinks menu is made by Samsung! They are everywhere! According to my collegues here about 15 % of the stock market is just Samsung. Also about 15 % of Koreas total export is Samsung! It is impressive how one company can be so dominant in a country of this size. I think that I have been able to spot the Samsung logo from everywhere I have been standing in this country. I will give you some examples when I get the chance.

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