Samsung Pioneers 400 Trillion KRW Revenue Era... "To Reach 500 Trillion, 4th Industrial Revolution New Businesses Must Strive"

CXO Research Institute Surveys 20 Affiliates on 85th Anniversary
Combining Over 40 Companies Without Audit or Business Reports Totals Up to 420 Trillion Won

Samsung has surpassed 400 trillion won in sales in Korea for the first time. It has been 10 years since it entered the 300 trillion won sales era in 2012. Experts advise that to accelerate the arrival of the 500 trillion won era, Samsung must lead new businesses related to the 4th Industrial Revolution.

The Korea CXO Institute, a corporate analysis specialist, announced the results of a survey on last year's sales status of major Samsung affiliates on the 22nd, coinciding with Samsung's 85th anniversary. Among the 60 Samsung affiliates reported to the Fair Trade Commission in May last year, the separate financial statements of 20 companies that submitted audit reports and business reports by the 20th of this month were investigated.

The view of Samsung Seocho Building in Seocho-gu, Seoul.
[Photo by Hyunmin Kim kimhyun81@]

The sales of the 20 Samsung affiliates amounted to approximately 402 trillion won last year. Including the 40 affiliates that have not yet disclosed their reports, sales are estimated to be in the range of 415 to 420 trillion won.

Based on Samsung Electronics' separate financial statements, sales increased by 6.1% from 199.7447 trillion won in 2021 to 211.8674 trillion won last year, opening the 200 trillion won era. During the same period, consolidated sales rose by 8.1% from 279.6047 trillion won to 302.2313 trillion won. For the first time since its establishment in 1969, Samsung Electronics surpassed the 300 trillion won sales threshold.

Seven affiliates joined the 10 trillion won sales club last year, one more than the six in 2021. Samsung Securities re-entered the 10 trillion won sales club after recording 13.122 trillion won last year, up from 9.6651 trillion won in 2021. Samsung Electronics, Samsung Life Insurance, Samsung Display, Samsung C&T, Samsung Fire & Marine Insurance, and Samsung SDI also made the list.

Among the affiliates in the 1 trillion won sales club, nine companies saw sales increase by more than 10% compared to 2021. STM, wholly owned by Samsung SDI, grew by 121.9% from 455.8 billion won to 1.0114 trillion won. Sales of Samsung Biologics, Samsung SDI, Samsung Securities, Samsung Engineering, Hotel Shilla, Cheil Worldwide, Samsung C&T, and Samsung Life Insurance also increased by more than 10%.

Samsung Heavy Industries' sales decreased by 10.5%, from 6.5426 trillion won in 2021 to 5.8562 trillion won last year. Semes also saw a 7.6% decline, from 3.128 trillion won to 2.8892 trillion won.

Samsung was the first in Korea to open the 100 trillion won era. It also pioneered the 200 trillion won and 300 trillion won eras. However, to open the 500 trillion won era, it needs to actively develop new businesses and make further efforts.

Oh Il-seon, director of the Korea CXO Institute, said, "To accelerate the arrival of the 500 trillion won sales era, Samsung must implement an expansion strategy that proactively leads new businesses related to the 4th Industrial Revolution."