South Korea has not been proclaimed an ahead-of-the-time country without a reason, and its capital Seoul is truly a futuristic Mecca for sci-fi fans. All because of the most advanced and ground-breaking technologies that one meets literally at every step in that country. It was in these conditions that the largest business conglomerate was born. And it is none other than the Samsung Group. The company's operations are separated into several lines of business, the largest of which is Samsung Electronics, the world-famous manufacturer of household appliances, mobile phones, tablets, players, TV sets, PC hardware, and so on, and so forth. This Korean company is continuously seeking to improve the entire product line, always coming up with the newest solutions for their clients. There is an anecdote that one would not need to purchase the next modification of the Samsung smartphone as it will find you on its own and jump right into your hand. The Korean conglomerate has many other assets, such as Samsung Life Insurance and Samsung Investment Trust Management, running their business on financial and insurance markets; Samsung Total Petrochemicals and Samsung BP Chemicals operate in the field of the chemical industry; Samsung Heavy Industries and Samsung Techwin are working in the heavy equipment industry market. The things Samsung does on a larger scale! It is even the world's second largest shipbuilding company. And everywhere Samsung introduces innovations, how can they do without it, - from mobile print solutions to shipbuilding. Their income as of 2017 hit $ 222 billion, while operational profit set a new record of $ 50 billion. Last time the company reported a record in 2013. The key success factor in the fourth quarter was the components business. Total sales of smartphones stumbled a bit due to the budget segment, while the flagships were sold better than in the previous quarter.
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