Investing Stocks in Philippines: Samsung Group

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Monday, February 28, 2011

Stock News 2011: Samsung leads Phl compact camera market

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Samsung, the world leader in technology innovation, is now the leader in the digital still camera (DSC) market in the Philippines with its compact cameras.

In a retail audit by the international and independent GfK Research Group, data gathered from retailers and resellers showed Samsung as the new leader in the compact cameras with fixed lens category of the DSC market in the last two months of 2010.

In this category which comprises 91.3 percent of the DSC market, Samsung became the top-selling brand in terms of unit sales with 21.7 market share in November, and 22.7 percent in December 2010.

The success of Samsung’s compact digital cameras is attributed to the company’s strengthened sales channels and its growing number of competitive products in the market.

http://www.philstar.com/Article.aspx?articleId=661463&publicationSubCategoryId=71

Friday, December 3, 2010

International News 2010: Samsung promotes chairman's son to president

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SEOUL, South Korea (AP) – The son of Samsung Electronics Co.'s chairman has been promoted to president in a reorganization of top management posts at the conglomerate the giant technology company anchors.

Lee Jae-yong, 42, who is being elevated from executive vice president at Samsung Electronics, would retain his chief operating officer title, Samsung Group said in a statement Friday.

Samsung Electronics is a major force in the global electronics industry, where it holds the top spots in memory chips and flat screen televisions and ranks No. 2 in mobile phones behind Finland's Nokia Corp.

The company is also the flagship corporation of the Samsung Group conglomerate, which consists of dozens of other businesses including shipbuilding, construction, leisure and finance.

Samsung Electronics Chairman Lee Kun-hee's father founded the Samsung Group in 1938. The move to promote Lee Jae-yong, who also goes by Jay Y. Lee, was widely expected after Lee Kun-hee, 68, said last month that his son was set to move up the ranks.

Investors appeared to welcome the news, sending shares in Samsung Electronics 3.3 percent higher in late morning trading to a record 887,000 won ($775). The announcement came about 30 minutes after trading started Friday.

Samsung Electronics has at least 10 executives with the title of president, according to the group. Lee Jae-yong's promotion, however, has been closely watched given that he is a member of the conglomerate's founding family and widely expected to eventually to succeed his father.

http://www.mb.com.ph/node/290705/