Samsung competing globally for higher corporate value

Samsung at present times is focused on semiconductor substrate manufacturing and providing a boost to its OLED TV production, on the other hand, it’s busy with doing lots of R&D in the world of a foldable smartphone. It seems as if it has opened a durable war for other competitors in the league.

The news firm inews24 reportedly revealed that in the result analysis of the data released by S&P Capital by FKI on the 14th of April 2022, global competitors Samsung and LG recorded sales of 2.2 times and assets 1.3 times higher than those of the Korean companies in 2021. excluding their semiconductor and home appliances sector.

Samsung competes in seven major export industry sectors, such as semiconductors, home appliance display, petrochemicals, mobile phones, automobiles, and shipbuilding. The industries that are surveyed this time are given below:

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• Semiconductor (Samsung Electronics vs Intel)
• Mobile Phones (Samsung Electronics vs Apple)
• Home Appliances (LG vs Whirlpool)
• Display (LG Display vs BOE) and more…

Among the global competitors, the corporate value of Samsung ranked significantly higher and the market cap investment reached 3.1 times higher than other Korean companies.

FKI industries said that as compared to the global competitors competing in seven major export sectors and comparing them with Korean companies, they have only one-half to one-third of their sales, but the tax burden on the Korean companies has increased merely by 10 percent.

If Korean companies want to compete equally with the global companies in the overseas market, it’s important for them to lower the corporate taxes burden and should immediately remove restrictions against the larger corporation, which could possibly create a hindrance in their corporate growth.