Samsung, the pride of Korea

I read an article which told me that Samsung marked the 70th anniversary of its founding on March 22. It was very interesting because I didn’t know that Samsung had a long history like that.

Samsung is one of the most successful corporations in Korea. Needless to say about its influence on Korean economy, it actually marked its sales to 152 trillion won in 2006, 14.2 trillion won in net profit, and 64 trillion won in export. But then, now what? So far, Samsung seems to be the most successful company in Korea. However, there are some critical threats that can damage Samsung’s strength seriously.

Samsung is now facing a huge legal problem. The lawyer who worked for Samsung came out of the company, and he revealed some serious illegal actions that Samsung did in the past. Even though no one thinks that Samsung will collapse because of this matter, Samsung is having a hard time. In addition, the global market seems to be not so easy to Samsung. Although Samsung did make a great job in the past, there is no certain prediction that Samsung will go on its business successfully in the future. In short, Samsung is now facing some threats that can seriously damage its business career, which means Samsung is in need for solutions.

There are two kinds of solutions that can be done to help Samsung come out of this situation. First, the government and social organizations should give Samsung some kind of a favor. Even though Samsung made some illegal mistakes, why don’t we give it a break? Korea is now the 12th rich nation in the world, and everyone agrees that Korea is going its way to become an advanced country. However, without Samsung still competing in the global market, Korea will not be strong enough to keep on developing. It is certain that Samsung got lessons from this matter, so why don’t we just give it a favor?

Second, Samsung itself should keep go on developing its strength. Great deeds in the past and possessing lots of money in current situation, doesn’t mean that it will be the same in the future. Samsung should make some dramatic movement to fulfill the challenge that it’s facing. They should invest more money on R&D, and they should pick great young people to lead its future. Not only excellent in academic skills, but also fulfilling the need of honesty in the environment. In short, they should pick HGU students.


Reference : http://news.naver.com/main/read.nhn?mode=LSOD&mid=sec&sid1=108&oid=014&aid=0001955903


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