accounting.docx - Name Khan Muhammad Aqib Student No...

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Name: Khan Muhammad Aqib Student No: A02240273 Date: 08 th August, 2017 Annual Financial Report Samsung Group The Samsung Group is a South Korean based conglomerate company that includes a number of subsidiaries. It's one of the largest businesses in Korea, producing nearly one fifth of the country’s total exports with a primary focus in the electronics, heavy industry, construction, and defense industries. Other major subsidiaries of Samsung include insurance, advertising, and entertainment industry businesses. With just 30,000 won (about $27 USD), Lee Byung-chull began Samsung on March 1 of year 1938, as an exchanging organization situated in Taegu, Korea. The little organization of just 40 representatives began as a supermarket, exchanging and trading merchandise delivered in and around the city, as dried Korean fish and vegetables, and additionally its own particular noodles. The organization developed and soon extended to Seoul in 1947 however left once the Korean War broke out. The successful expansion turned into a development system for Samsung, which quickly ventured into the insurance, securities, and retail business. Samsung was centered around the redevelopment of Korea after the war with a focal concentrate on industrialization. Samsung entered the electronics business in the 1960's with the
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