Samsung Electronics Wins
$40 Bln Export Tower Award


Registers 45 trillion won in accumulated net profits since its establishment


Samsung Electronics posted a record high of $45.6 billion worth of exports last year, accounting for 17.9 percent of the nation's total overseas shipments
Korea's largest electronics maker was decorated with the $40 billion export tower award during the Trade Day anniversary.
Since its inception, Samsung Electronics registered 45,841.6 billion won in accumulated net profits until the third quarter of the year. In particular, 35.928.5 billion won, a lion's share of the accumulated net profits, was tallied during the six-year period between 1999 and 2004. Taking into account the net profits registered in the first nine months of this year, the figure amounted as much as to 41,005.3 billion won.
Samsung Electronics launched its export department manned by five employees in 1971. At that time, the company exported such items as black & white TV sets, electronic calculators and bulbs for Braun tubes.
The company's exports were made in earnest in 1973. In 1977, the electronics giant exported 330 color TV sets to Panama and 328 refrigerators to Pakistan, marking a watersheds event in history of exports. Color TV sets, VCRs and microwave ranges, produced by Samsung Electronics, were exported to many countries across the world, including the United States, Japan, EU, Panama and Chile in 1980, taking up a 1 percent share in the nation? total exports.
Samsung Electronics enjoyed an export peak, riding on a semiconductor boom that prevailed between May 1004 and January 1996. Samsung Electronics'mainstay export item, 16 M DRAMs hovered around as much as a range of $50. In 1995, Samsung Electronics'exports accounted for 11.58 percent of the total exports. The company's portion of exports had since declined due to a 33 month-long crash of semiconductors whose prices plunged by 97 percent.
However, Samsung Electronics'exports witnessed a rebound in 1988 when Samsung's TFT-LCD (thin film transistor liquid crystal display) ranked first in a market share following its mass-production in 1995, along with an export boom of such computer auxiliary devices as monitors, printers and HDDs. The export items served as props of the company's explosive export growth for 1999 and 2000. Boosted by a surge of semiconductor and handset exports, Samsung Electronics'export portion surpassed the 14 percent mark for the first time. The company registered $45.6 billion exports last year, taking up a 17.9 percent share in the export industry.
Samsung Electronics'rise as a global electronic powerhouse is attributable to its focus on the three mainstay business areas semiconductor, LCD and handset in anticipation of the arrival of the "digital convergence era."A Samsung Electronics official said the company continues to make every effort to maintain a stable growth, reinforce its core capabilities, secure excellent core manpower, build up global management system and ensure management innovation.
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Samsung Electronics Vice Chairman Yoon Jong-yong


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