Samsung Group Earns Over W300 Trillion

The Samsung Group's total sales exceeded W300 trillion for the first time in the history of Korea's biggest conglomerate (US$1=W1,085).

Samsung on Saturday said its total sales last year amounted to W302.9 trillion. It made W220.1 trillion in 2009, surpassing the W200 trillion level for the first time, and only took three years to cross the next milestone.

The main driver was the rapid increase in sales at core subsidiary Samsung Electronics. Samsung Electronics' sales have climbed from W136.3 trillion in 2009 to W201.1 trillion last year, with the electronics giant now accounting for 66 percent of the group's revenues thanks to brisk sales of mobile phones.

The Samsung Group's net profit also reached a record of W29.5 trillion last year. Group-wide net profit rose from W11.8 trillion in 2008 to W20.3 trillion in 2011.

The conglomerate said its total assets stood at W503.6 trillion last year, surpassing the W500 trillion mark for the first time. As of the end of last year, the group employed 425,000 people.

Source: http://english.chosun.com

Inside Samsung's Galaxy Note 3 & Gear media blitz in Times Square

Samsung spared no expense hyping the unveiling of its Galaxy Note 3 smartphone and Galaxy Gear smart watch in New York City on Wednesday, utilizing prime real estate in Times Square for a live music performance, a video stream of its keynote presentation, and an opportunity for pedestrians to be among the first to try out its latest gadgets.

While the "Unpacked 2013 Episode 2" presentation was being delivered from Berlin, Samsung made sure to reach potential customers across the world by setting up a stage and special "Experience Center" in the middle of Times Square Wednesday afternoon. AppleInsider was on-hand to see the event, and get a first look at the Note 3 and Gear.

Passersby were encouraged to watch the event by a number of Samsung promoters, who passed out white and blue "Galaxy" branded hats as a gift to those who would stay.

Those who did stick around saw a performance from Swedish duo Icona Pop, who performed their hit single "I Love It." Soon after, a live stream of the Samsung Galaxy keynote from Germany began on the big screen.

Samsung's massive setup included a stage with a screen for the live stream, a sound mixing area, and a mysterious platform concealed by white sheets. Samsung promoters told passersby to wait around for a "big surprise" at the end of the presentation, after which they would be able to get their hands on the South Korean company's latest devices.

A number of onlookers took Samsung up on this offer, and by the time the keynote was nearing its end, dozens of people wearing blue and white Samsung hats were waiting in line. Once the presentation concluded, Samsung representatives pulled the white sheets away to reveal a layout much like Apple's own retail stores, with a number of tables showcasing the new Galaxy Note 3 "phablet" and Galaxy Gear smart watch.

Visitors were allowed into the Samsung "Experience Center," which was raised up on a platform in the middle of Times Square, in small groups. Each group was then given a total of five minutes to play with both the Galaxy Note 3 and Galaxy Gear. Absent from Wednesday's event was the latest Galaxy Tab 10.1, which Samsung also announced on Wednesday.

At each table were numerous Notes and Gears, paired together side by side. A Samsung employee stood near each of them, showing off new features and capabilities of the gear, such as the functionality of the updated S-Pen or connectivity of the Gear watch.

Samsung's media blitz came less than a week before Apple is set to hold its own keynote presentation next Tuesday, at which the company is expected to unveil two new iPhone models. While Samsung pulled out all the stops, Apple is also planning more hype than usual, and will even hold a separate eventon Sept. 11 in China for local media.

More pictures of the Galaxy Note 3 and Galaxy Gear, taken at Wednesday's event in New York, are included below.

Source: http://appleinsider.com