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Samsung Electronics Corporate 2013 Annual Report
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Samsung Electronics (SEC, Korean: 삼성전자, KRX: 005930, KRX: 005935, LSE: SMSN, LSE: SMSD) is a South Korean multinational corporation, specializing in electronics and information-technology (IT), and is headquartered in Samsung Town, Seoul. SEC is the flagship subsidiary of the Samsung Group and comprises assembly plants and sales networks in 61 countries across the world, employing approximately 160,000 people.
In 2009, the company became the world's-largest IT producer, surpassing the previous leader, Hewlett-Packard. Its sales revenue in the areas of display devices (LCD and LED) and memory chips is the world's highest.
SEC has dominated the world television market in the latter half of the 21st century's first decade, having sold the most televisions globally from 2006 to 2010 (projections in 2010 indicated that this trend would continue). In the global LCD panel market, the company has maintained the leading sales position for eight years in a row.[unreliable source][citation needed]
With the introduction of the Samsung Galaxy S mobile phone, the company's smartphone lineup has retained second place in terms of global sales figures for a significant period of time. Samsung has also established a prominent position in the tablet computer market, with the release of the Android-powered Samsung Galaxy Tab to compete with the iPad from Apple.