A new report highlights the extent that tech giant Samsung Electronics has dominated sales figures for Korean firms over the past decade.... saying that the company's strategy of 'enlarging the market' is behind its success.
Our Choi Si-young has more.
For 17 years since 2002, Samsung Electronics has had the highest annual sales out of the top thousand publicly traded firms.
And for the past 7 years, it has taken up roughly 10-percent of the combined annual sales volume of those thousand firms.

This is according to the latest report on the tech giant by the Korea CXO Institute, a Korean business data analysis firm that surveys companies by sales and industry.

The director of Korea CXO Institute attributes Samsung's achievement to its strategy of 'enlarging the market and sales' rather than 'cutting down on cost'.

However, the future for the tech giant is not all that rosy.
The firm's operating profits had been on the rise since 2016, but the latest figure in January shows they are starting to fall.

Korean securities firms also forecast the firm's operating profits to be around 40-billion U.S. dollars this year, down 24 percent from last year.

Choi Si-young, Arirang News.