Cooperation Partner

 

Samsung has a history of 80 years since Samsung Trading Company was founded in Daegu, Korea in 1938. With the management philosophy of economical contribution to the nation, priority to human resources, and pursuit of rationality, Samsung Trading Company started by selling and exporting after processing agricultural and marine products. Now, Samsung has grown to own a group of companies with a total of 62 affiliated companies working in diverse areas. The affiliated companies include electronics business such as electronics, display, SDI, electro-mechanics, finance business such as life insurance, fire & marine insurance, card, securities, heavy industries and engineering, trading and service business such as C&T, hotel, hospital etc. and other independent affiliates.

 

Samsung Electronics became one of the world’s top-notch IT global companies. The brand value announced by Interbrand stood at US$ 59.9 billion, ranking 6th globally.

 

Samsung set the goal of ‘building the second Samsung’ in China. With this goal in mind, it entered the Chinese market starting from 1992 and now has about 100,000 employees working in 160 bases including a total of 18 companies, 28 production bases and 8 research centers. Sales topped US$ 63 billion in 2017 and investment in the Chinese market ranks #1 among foreign-funded enterprises with a total of US$ 31.2 billion as of the end of 2017. Samsung is planning to expand its investment focusing on high-tech industries such as semiconductors, display, batteries for electric cars, etc.

 

Samsung is executing its business strategy in step with the Chinese government’s deepening and expanding reform and opening-up policy, policy to build the domestic market through grand development of the western area and urbanization. Samsung is trying to become a true local company doing business focusing on the Chinese domestic market. To achieve this goal, detailed strategy will be planned to develop consistent business structure fit for the local market, expand investment in high-tech equipment industry, strengthen R&D, diversify businesses, expand investment and business area to the mid-western/northeastern/small and mid-sized cities.

 

The website links:https://www.samsung.com/us

 

 

 

SK is one the top three groups in Korea with three major scope of business in Energy & Chemicals, Information Telecommunication & Semiconductors and Marketing & Services. SK has been gradually expanding. In 2016, the global sales revenue of SK reached 108.6 billion US dollars. And its net income totaled 5.9 billion US dollars. In 2017, SK ranked 95th in Fortune 500. Up till today, SK and its affiliates own more than 81,000 staff, 261 offices and subsidiaries in more than 40 countries and regions all over the world.

 

SK’s business in China could be traced back to the time before South Korea and China had established diplomatic relations. In 1991, SK officially set up the first office in Beijing and was the first Korean enterprise to have registered an office in China. In the process of development in China, SK has put forward the strategy of “China Insider” based on the philosophy of “By China, For China, Of China”.

 

At present, SK has more than 10,000 staff in China, with 112 corporations invested a total investment of more than 10 billion US dollars in China. In recent years, apart from developing traditional businesses in China, SK is also exploring new businesses modle as “Package Deal” which based on “Localization” & “Open Cooperation”. According to China’s central & provincial governments’ policy guidelines, SK has launched serial SK characteristics business model ---- “ Package deal”.

 

Meanwhile, SK has carried out a series of CSR(Corporate-Social-Responsibility) programs in China in the field of education, environmental protection, disaster relief and charity, with total investment of nearly RMB 600 million Yuan by persevering in the philosophy of “Sharing Happiness”.In the future, SK will continue cooperate with China to seek for common development and happiness.

 

The website links:http://www.sk.co.kr/en/index.jsp