The fate of one of Asia’s largest economies is closely tied to Samsung—its 2019 revenue was equivalent to some 13% of South Korea’s GDP. Amid a rise in remote work and schooling, its crown jewel, Samsung Electronics, one of the world’s biggest producers of chips and smartphones, was essential. The company’s South Korean–listed shares soared around 50% in 2020. And even as the company faces internal tumult—in January, its de facto leader, Lee Jae-yong, was sent back to prison on charges stemming from a political bribery scandal—it remains the world’s leading TV vendor, with a market share of 31.9%.
More Must-Reads from TIME
- Donald Trump Is TIME's 2024 Person of the Year
- Why We Chose Trump as Person of the Year
- Is Intermittent Fasting Good or Bad for You?
- The 100 Must-Read Books of 2024
- The 20 Best Christmas TV Episodes
- Column: If Optimism Feels Ridiculous Now, Try Hope
- The Future of Climate Action Is Trade Policy
- Merle Bombardieri Is Helping People Make the Baby Decision