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Samsung is in a hurry and South Korea is panicking.
Nov 14,2023
Samsung, will it collapse?
In 2017, South Korea giant Samsung Electronics once became the overlord of the semiconductor industry, beating Qualcomm and Intel, once monopolizing more than 45% of the global memory market share, becoming the leader of the global semiconductor industry.
As soon as the news came out, the South Korea cheered. Nowadays, the South Korea people are worried about Samsung, and the South Korea government is equally anxious.
Samsung Status Quo
A few days ago, according to Yonhap News Agency, the first three quarters of this year,Samsung semiconductor business has accumulated losses nearly13 trillion won (about 68.8 billion yuan), net profit plummeted 95% compared with last year, the lowest level in 14 years.
Its third quarter operating profit was2.4336 trillion won (about 13.225 billion yuan), down 77.57 percent from a year earlier, while sales were 67.4047 trillion million won, down 12.21 percent from a year earlier. The biggest loss-making business was once the most profitable semiconductor division.
In addition, accordingKBS reported that Samsung Electronics' semiconductor division lost 3.75 trillion won in the third quarter of this year, plus a cumulative loss of 8.94 trillion won in the previous two quarters.
In less than a year, Samsung lost money on the semiconductor project.12.69 trillion won (about 68.8 billion yuan).
The semiconductor business, which used to be Samsung's cash cow, is now the company's biggest drag.
But for a few years, the South Korea technology giant, which had frightened many companies, not only plummeted, but also faced the threat of strikes and production cuts.
in stock prices for dynamic random access memory used in smartphones, PCs and servers have fallen by nearly30%，This item directly caused about to Samsung's semiconductor division.Losses of 30 trillion won to 40 trillion won.
South Korea industry chain dilemma
At present, the three pillar industries of South Korea, namely semiconductor, automobile and shipbuilding, are facing great challenges, and the phenomenon of industrial decline can not be ignored.
The decline and transformation of the shipbuilding industry.In recent years, with the weakening of the international shipping market and the unstable global trade environment, the decrease in the number of overseas orders, and the intensification of price competition, the competitiveness of the South Korea shipbuilding industry has gradually declined.
China's shipbuilding industry is replacing South Korea as the dominant force in the global shipbuilding industry.
Dilemma and adjustment in the auto industry.With the fierce competition in the Chinese market and changes in consumer demand, the South Korea automobile manufacturing industry is now facing a sharp decline in market share.
Challenges and prospects for the semiconductor industry.South Korea's semiconductor industry, once a world leader, has recently been hit by plummeting profits. In particular, a series of events in Samsung have dealt a heavy blow to the South Korea economy.
A few days ago, according to data released by the Central Bank of South Korea,In 2023, South Korea's economic growth rate is expected to be 4.2 percent, down from 4.5 percent in 2022 and 6.1 percent in 2021.
South Korea's foreign trade volume is expected to be1.2 trillion, down from $1.3 trillion in 2022 and $1.4 trillion in 2021.
These data show that South Korea economic growth and trade volume have shown a downward trend, and it is difficult to maintain stability.
Samsung and the South Korea Economy
The performance of Samsung Electronics is not only related to its own development, but also directly affects the South Korea's economy and society. As the South Korea's largest consortium, its revenue accounted for South KoreaGDPof1/4.
It can be said that Samsung is a company that has influenced the South Korea economy.
The fluctuation of Samsung Electronics' revenue and profit directly affects the South Korea's economic growth, employment, trade, taxation and other indicators, as well as the South Korea's financial market, monetary policy, and industrial structure.
In addition, the image and reputation of Samsung Electronics also represents South Korea national image and international status, and is closely related to South Korea diplomacy and security.
It can be said that the dilemma of Samsung Electronics is not just a problem of an enterprise, it involves the economy and society of the entire South Korea.
Today's South Korea is standing at an important turning point, and it needs to take active measures to meet the challenges, realize economic diversification, reduce dependence on Samsung Electronics, and promote the development of emerging industries.
Only in this way can South Korea get rid of the current predicament and usher in new opportunities and challenges.With Samsung Electronics in trouble, the South Korea government and industry are looking for a solution.
Nowadays,The government is actively taking measures to stimulate the development of the semiconductor industry, including providing financial support, promoting technological innovation and encouraging domestic and foreign investment.
The South Korea government is also actively promoting5GThe development of emerging fields such as artificial intelligence and the Internet of Things hopes to reduce the dependence on Samsung Electronics through a diversified industrial structure.
Restricted by the domestic market and population size, South Korea economic growth is highly dependent on the external market, and economic growth is obviously affected by the international economic situation.
From1961Beginning in, it took several generations of sacrifice and hard work for Koreans to achieve today's achievements. And destroy it, may only be in.
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