It is.
But Samsung bringing in like 10-15% of the GDP gives them huge, huge control over governance of the country to the extent that it isn't really South Koreans or the GoSK running the country, but business interest of powerful Chaebols like a feudal system.
No, Samsung's revenue is equal to 17% of SoKo's GDP and it doesn't mean that Samsung 'contributes' 17% to SoKo's entire GDP.
but wont profits upstreaming back to parent country - also contribute to its GDP(S.ko's)?
Don't worry... we are also on same holy path buddy...
Look India is not korea with a very limited scope of market resources and country reach.
The reason why samsung and other Korean companies ended up being so powerful was because korea really has very little natural resources and a limited market.
In case of India we will end up like US where no company has a huge monopoly over the GDP if we manage to get that big.
Why has this large building in Kanjurmarg W - visible from Eastern express highway - been abandoned? I read it was Radisson Plaza.
View attachment 192104
Ya'll Nibbiars It more than that The Lee Family just don't control Samsung. Here's the list of complete main subsidiaries.
1 . Samsung Electronics.
2 . Samsung Electro Mechanics.
3 . SDI.
4 . SDS.
5 . Samsung C & T.
6 . Samsung Heavy Industries.
7 . Samsung Asser Managment.
8 . Samsung Card.
9 . Samsung Fire & Marine.
10 . Samsung Life.
11 . Samsung Secutries.
12 . Bean Pole.
13 . Ever Land.
14 . Shilia Hotels & Resorts.
15 . Chiel.
16 . Samsung Medicals.
17 . Samsung ER.
18 . Samsung Biologics.
19 . Samsung RE.
20 . Samsung Engeering.
21 . Shinsegae.
22 . E Mart.
23 . SSG.
24 . G Market.
25 . Shinsgae Foods.
26 . Shinsegae Chelsea.
27 . Shinsgae Constructions.
28 . Dongdaeu CTC.
29 . Starbucks Korea.
30 . Emart 24.
31 . Johny Rockets.
32 . Home Plus.
33 . Cheil Jedang.
34 . FoodVile.
35 . FreshWays.
36 . ENM.
37 . CJ Logistics.
38 . ENM E&M.
39 . CGV.
40 . CJ.
41 . OCN's.
42 . Hansol Papers.
43 . EME's.
44 . Paper Tech.
45 . Hansol Technics.
46 . Tapexs.
47 . JoongAng Ilbos.
48 . Samsung Sports.
49 . CU's.
50 . Olive Youngs.
51 . CJ Entertiament.
52 . Studio Dragons.
53 . Hansol Managmenta.
54 . Hansol PNS.
55 . Home Decor.
In Total there are 260 plus subsidiaries.
The Combined Revenues is more than 500 billion dollars.
The Le Family is estimated to hold Slush Funds hidden from the Regulators upto 50 billion dollars plus.
The Domestic revenues is more than 350 billion dollars.
And This dosen't Includes The Assets personally owned by the Lee Family.
And They control more than 20 percent of the Domestic GDP.