Globally known for its electronics as well as heavy engineering products, Samsung is also the poster boy of a South Korean term for a family-owned conglomerate. While Samsung's companies are listed on South Korean stock exchanges and funded using public money, the governance of the companies is dominated by the descendants of the company's founders. As major exporters of goods, these companies also dominate the South Korean economy.
and smartphones into advanced chipmaking last year. With a financial outlay of $151 billion, the company wants to compete with big names such as Intel and Taiwan Semiconductor Manufacturing Co. in supplying chips to the market. facility in Taylor, Texas, in a bid to strengthen its supply chain. Samsung Group plans to make similar aggressive investments in the biopharmaceutical sector to make the business equally successful.
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