Hold the (combusting) phone... We spot a trend. Kodak wants to manufacture drug ingredients. Nestlé bought a biotech company. Samsung... is building a $2B drug plant. The massive Korean conglomerate, most famous for Galaxy phones, also has a massive drug-manufacturing arm. Because if you don’t have a drug-related division during a pandemic, what are you even doing?
Getting AP Bio flashbacks... The award for most complex corporate structure goes to Samsung. Its Biologics biotech division makes meds for some of the world's largest pharma companies — yet it's just one of many stars in Samsung's corporate galaxy.
Samsung does a lot... But in the US, Samsung's largely overshadowed by Apple. Apple lets you get rid of Safari as a default browser on iPhone and the crowd goes wild. Samsung releases a foldable glass phone and the hype is... not really hype. But Samsung sells more smartphones globally than any other company. It also runs some of the world's largest biotech and building companies — and it makes up 11% of South Korea's economy.