Samsung Electronics Surpasses 110,000 Employees, 'Record High' with 5,609 Increase in One Year

[Asia Economy Reporter Oh Ju-yeon] Samsung Electronics' number of employees exceeded 110,000 in the first half of the year, marking an all-time high.

[Image source=Yonhap News]

According to Samsung Electronics' semi-annual report disclosed on the Financial Supervisory Service's electronic disclosure system on the 17th, the number of employees as of the first half of the year totaled 111,683, an increase of 5,609 (5.3%) compared to one year ago.

Samsung Electronics has been increasing its workforce through regular recruitment in the first and second halves of the year as well as occasional hiring.

R&D investment in the first half also reached a record high. Centered on semiconductors and smartphones, 10.9941 trillion KRW was spent, an increase of more than 400 billion KRW compared to 10.58 trillion KRW in the first half of last year.

However, due to increased sales, the ratio of R&D expenses to sales decreased to 8.5% from 9.0% last year.

Following the semiconductor boom in the first half, the operating rates of the memory semiconductor and display sectors reached 100%. The operating rates of the Consumer Electronics (CE) and Mobile (IM) sectors were disclosed as 77.7% and 74.5%, respectively.

Samsung Electronics' top five customers in the first half were Apple, AVP Electronics, Best Buy, Deutsche Telekom, and Verizon.

Capital expenditures amounted to a total of 23.306 trillion KRW, an increase of more than 6 trillion KRW compared to 17.1 trillion KRW in the first half of last year. Of this, 20.9338 trillion KRW was spent on semiconductor facilities and 1.3763 trillion KRW on the display business.

This content was produced with the assistance of AI translation services.