The largest shareholder of Samsung Electronics is Samsung Life Insurance, but Cheil Industries, the top shareholder of Samsung Life Insurance, is considered to be the de facto holding company of the group. The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines and medical devices. Business summarySamsung Electronics Co., Ltd. engages in the manufacturing and selling of electronics and computer peripherals. Company backgroundSamsung Electronics is South Korea's largest company, with its core business semiconductors and electronic products. The Information Technology & Mobile Communications business division offers handheld products, communication systems, computers and digital cameras.
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It also announced the cancellation of 2 trillion won worth of its own shares. SEOUL — Samsung Electronics Co Ltd on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June. Advertisement Continue reading the main storyAnalysts nevertheless forecast third-quarter earnings to exceed the second quarter on the strength of the so-called memory chip super-cycle. The company on Thursday also announced its third share buyback of the year, at 1.7 trillion won ($1.53 billion) worth of common shares, as part of the 9.3 trillion won annual total that Samsung promised in January. The world's biggest maker of memory chips, smartphones and television sets is widely expected to break profit records for the full year, as better-than-forecast performance in its mobile business lifted quarterly operating profit slightly above its early-July guidance, analysts said.
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