knowledge.wharton.upenn.edu/article/korean-conquest-how-lg-and-samsung-won-ov...

The world is still reeling under the biggest financial crisis since the Great Depression, but it seems that someone forgot to tell LG and Samsung. Sales of the two South Korea-based conglomerates were 35% to 50% higher in India in September and October 2008, compared to the same period last year. Over the past decade, both have consistently seen double-digit growth rates and are convinced they will maintain, if not surpass, those levels in coming years as well -- an optimism that is shared by industry watchers. How did LG and Samsung entrench themselves so successfully in India?


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