Samsung Earns Only 10% of Income at Home

Korea now accounts for less than 10 percent Samsung Electronics sales. And as of last year, twice as many people were working for Samsung overseas as in Korea.

The figures come from the company's annual sustainability report announced on Monday.

Out of Samsung's 2013 sales of W228.7 trillion, W22.8 trillion was generated in Korea (US$1=W1,012), accounting for only 9.97 percent. That marked a 21.92 percent decline compared to 2012.

Out of Samsung's 2013 sales of W228.7 trillion, W22.8 trillion was generated in Korea (US$1=W1,012), accounting for only 9.97 percent. That marked a 21.92 percent decline compared to 2012.

A Samsung spokesman said the Korean smartphone market is saturated, which led to a sharp decline in sales here.

But overseas revenues increased markedly. U.S. sales totaled W69.4 trillion last year, up 19.24 percent from W58.2 trillion in 2012. China generated the highest sales growth rate of 42.2 percent to W40.1 trillion from W28.2 trillion.

As recently as 2012, sales in China were smaller than those in Korea.

In 2011, Samsung had 119,753 employees on its overseas payroll and 101,973 in Korea. But in 2013, there were 190,486 overseas compared to 95,798 here.

Since operations began this year at Samsung's new plants in China and Vietnam, the number of overseas staff is now probably even higher.

englishnews@chosun.com / Jul. 01, 2014 12:44 KST