Stock Trading and Other Things

SEOUL G20 BUSINESS SUMMIT Competing in the Arena of Business

Summary: ???? The Seoul B20 Business Summit gathering 120 senior executives from some of the world s top companies is being likened to the Olympic Games of commerce The accumulated annual sales of participating firms have reached US$4 trillion Below are introductions to a selected few companies Hey Big Spender Among firms in attendance the biggest in terms of sales is Royal Dutch Shell a global oil conglomerate headquartered in the Hague Netherlands With 2009 sales reaching US$285 1 billion it was ranked second in Fortune magazine s annual ranking of the world s 500 largest companies The oil giant produces 3 1 million barrels of oil per day and operates more than 44 000 service stations in 90 countries around the globe As the biggest company in France Total is active in oil refining oil exploration and chemicals posting sales of US$155 9 billion last year Thanks to Total s outstanding performance France has achieved an 86 percent self sufficiency level in oil despite having few home grown oil resources The self sufficiency rate for gas has reached 111 percent enabling the country to export extra gas It has formed a 50 50 joint venture with Samsung Samsung Total and is also engaged in the lubricants business with Korean player S OIL ING Group established more than 160 years ago is a financial institution of Dutch origin boasting total assets of US$1 67 trillion and sales amounting to US$163 2 billion The group employs about 110 000 people in over 40 count ries Since ING Life a member of ING Group made its entry into the Korean market 20 years ago it has been actively investing in Korea as reflected in its 5 02 percent share of KB Financial Group the country s biggest finance firm Though ING received a bail out from the Dutch government during the 2008 global financial crisis it has made a quick recovery by carrying out an aggressive restructuring plan that included a complete separation of its banking and insurance operations American IT firm Hewlett Packard was founded in 1939 in a garage in Palo Alto California when two young engineers Bill Hewlett and David Packard started developing an oscillator The company has now become a giant global enterprise recording annual sales of US$114 6 billion HP is a producer of some 25 000 types of IT products including computers peripheral devices electronic measurement and testing equipment and network equipment It entered the Korean market in 1984 The company is regarded as one of the first firms to establish in Silicon Valley the Palo Alto garage where the founders first began their research has been designated a historic landmark by the State of California Crisis Masters Among the globe s top ten financial institutions a total of seven including the biggest three will participate in the B20 Many of these institutions pushed to the brink during the global financial crisis are now showing signs of a full fledged recovery as they repay bailout money The Bank of America BOA based in Charlotte North Carolina has about 6 100 branches and over 18 000 ATMs across the United States The bank has customers in over 150 nations around the globe and business relations with 99 percent of the Fortune 500 U S companies and 83 percent of the Fortune Global 500 companies During the 2008 financial crisis triggered by subprime mortgage defaults BOA received US$45 billion TARP Troubled Asset Relief Program money from the U S government as a bailout and paid a large fine for misleading investors during the September 2009 acquisition of Merrill Lynch the largest securities firm in the world at the time However in the first quarter of 2010 BOA returned to profit after three consecutive quarters in the red marking a significantly improved business performance J P Morgan Chase Co is the second largest financial institution in the United States with managed assets worth US$2 trillion Headquartered in New York it is operating in 60 countries around the world with 220 000 employees The group emerged in 2000 as the largest Wall Street bank following the merger of investment bank JP Morgan and commercial bank Chase Manhattan The bank further expanded through the acquisition of Bank One the fifth largest bank holding company in the United States in 2004 followed by that of Bear Stearns in 2008 In the same year it also bought the banking operations of Washington Mutual Inc to grow its business further The history of Citigroup based in New York began with the founding of the City Bank of New York in 1812 After a series of mergers it has become the third largest bank in the U S boasting a global financial services network with some 350 000 employees and over 200 million customers in more than 100 countries Citigroup was on the verge of nation alization during the 2008 global financial crisis but thanks to a massive restruc turing effort it is back on the path to recovery and has repaid US$20 billion of US$45 billion of bailout money HSBC Holdings headquartered in London was founded by Thomas Sutherland in 1865 as the Hong Kong and Shanghai Banking Corporation Limited With more than 6 500 offices in about 80 nations across the globe it offers wide ranging services in retail banking wholesale banking corporate banking pensions and insurance Although it was hit hard by the financial crisis in 2008 the group reported a loss of US$15 5 billion in North America alone it has successfully managed to diversify investments into emerging markets Industrial and Commercial Bank of China Ltd is the largest bank in China Established in 1984 the bank successfully launched IPOs in Shanghai and Hong Kong simultaneously in October 2006 raising a record US$21 9 billion That sum makes it the largest IPO in history Old Boys NetworkCompanies participating in the Seoul B20 have on average 73 years of history The oldest is Japan based Takeda Pharmaceutical Company Limited the largest drug maker in Asia which celebrates its 229th anniversary this year followed by J P Morgan Chase Co 211 years and Belgium based Umicore 205 years Among the 10 longest lived companies attending the B20 five are financial institutions while four are energy related enterprises Established in 1781 Takeda Pharma ceutical Company is the largest drug maker in Japan and Asia With annual sales of US$15 billion it employs about 20 000 people not only in Japan but also in the United States the United Kingdom Singapore Italy Ireland China and India Up until the 1980s Takeda s business was limited to selling vitamin supplements and bulk pharmaceuticals to the United States However the company grew rapidly by reinforcing competitiveness in new drug development and advancing into overseas markets One overseas move was the acquisition of American biotech firm Millennium Pharmaceuticals creating a stir in the industry Belgium based Umicore founded in 1805 is one of the world s largest materials technology groups with some 17 000 employees First established in Africa to develop mineral resources including non ferrous precious metals the company recently saw great success by manufacturing rechargeable batteries that use primary products such as nickel and lithium as core materials based on extensive R D Spurred by the development of the IT industry resulting in an explosive increase in demand for rechargeable batteries used in mobile phones game devices and laptops Umicore s growth continues unabated Color of SustainabilityThe Seoul G20 Business Summit brings together many companies operating in green products and green energy including the world s number one companies in the fields of water wind and nuclear power One is Veolia Environment which supplies water to 163 million people across the globe Established in 1853 this French multinational is the number one water company in the world with a global presence in 66 countries and 2009 revenues amounting to US$17 6 billion Veolia has recently expanded its business areas into plant construction plant operations consulting and financial services It is also making active investments in R D Vestas Wind Systems the world s largest wind energy group is based in Denmark It has installed more than 39 000 turbines in 63 countries and installs a new turbine on average every three hours somewhere on the planet With a 20 percent global market share Vestas is putting into practice its slogan No 1 in Modern Energy by generating approximately 60 million kilowatts per hour of electricity a year Italian utility firm Enel has been making a range of efforts to develop renewable energy as seen in the installation of Italy s first 16 megawatt hydrogen power plant near Venice Enel is Italy s largest energy company and Europe s third largest listed utility in terms of market capital ization Advance Fair YouthA number of companies led by young entrepreneurs in their 40s are seizing global attention These firms share one thing in common rapid growth attributable to quick decisions and aggressive investments made by CEOs Severstal Russia s largest steel producer is led by 45 year old Alexey Mordashov the youngest of the senior excecutives among the Seoul B20 participants In 2009 World Steel Dynamics a global steel information service ranked Severstal number one in its comprehensive assessment of production capacity management capacity assets sales and manufacturing technology Adil Said Ahmed Al Shanfari is the 46 year old CEO of SHANFARI Group Oman s 4th largest conglomerate Specializing in civil engineering and oil refining the group has accumulated massive wealth in Salalah an international trading port and the second largest city in Oman Dogus Group which owns Garanti Turkey s largest bank is led by 47 year old Ferit Sahenk And Canada s Research in Motion RIM the company that produces Blackberry the most popular smart phone model in North America is headed by 49 year old Jim Balsillie By Kim Ki yongkky donga com ???? The Seoul B20 Business Summit gathering 120 senior executives from some of the world s top companies is being likened to the Olympic Games of commerce The accumulated annual sales of participating firms have reached US$4 trillion Below are introductions to a selected few companies Hey Big Spender Among firms in attendance the biggest in terms of sales is Royal Dutch Shell a global oil conglomerate headquartered in the Hague Netherlands With 2009 sales reaching US$285 1 billion it was ranked second in Fortune magazine s annual ranking of the world s 500 largest companies The oil giant produces 3 1 million barrels of oil per day and operates more than 44 000 service stations in 90 countries around the globe As the biggest company in France Total is active in oil refining oil exploration and chemicals posting sales of US$155 9 billion last year Thanks to Total s outstanding performance France has achieved an 86 percent self sufficiency level in oil despite having few home grown oil resources The self sufficiency rate for gas has reached 111 percent enabling the country to export extra gas It has formed a 50 50 joint venture with Samsung Samsung Total and is also engaged in the lubricants business with Korean player S OIL ING Group established more than 160 years ago is a financial institution of Dutch origin boasting total assets of US$1 67 trillion and sales amounting to US$163 2 billion The group employs about 110 000 people in over 40 count ries Since ING Life a member of ING Group made its entry into the Korean market 20 years ago it has been actively investing in Korea as reflected in its 5 02 percent share of KB Financial Group the country s biggest finance firm Though ING received a bail out from the Dutch government during the 2008 global financial crisis it has made a quick recovery by carrying out an aggressive restructuring plan that included a complete separation of its banking and insurance operations American IT firm Hewlett Packard was founded in 1939 in a garage in Palo Alto California when two young engineers Bill Hewlett and David Packard started developing an oscillator The company has now become a giant global enterprise recording annual sales of US$114 6 billion HP is a producer of some 25 000 types of IT products including computers peripheral devices electronic measurement and testing equipment and network equipment It entered the Korean market in 1984 The company is regarded as one of the first firms to establish in Silicon Valley the Palo Alto garage where the founders first began their research has been designated a historic landmark by the State of California Crisis Masters Among the globe s top ten financial institutions a total of seven including the biggest three will participate in the B20 Many of these institutions pushed to the brink during the global financial crisis are now showing signs of a full fledged recovery as they repay bailout money The Bank of America BOA based in Charlotte North Carolina has about 6 100 branches and over 18 000 ATMs across the United States The bank has customers in over 150 nations around the globe and business relations with 99 percent of the Fortune 500 U S companies and 83 percent of the Fortune Global 500 companies During the 2008 financial crisis triggered by subprime mortgage defaults BOA received US$45 billion TARP Troubled Asset Relief Program money from the U S government as a bailout and paid a large fine for misleading investors during the September 2009 acquisition of Merrill Lynch the largest securities firm in the world at the time However in the first quarter of 2010 BOA returned to profit after three consecutive quarters in the red marking a significantly improved business performance J P Morgan Chase Co is the second largest financial institution in the United States with managed assets worth US$2 trillion Headquartered in New York it is operating in 60 countries around the world with 220 000 employees The group emerged in 2000 as the largest Wall Street bank following the merger of investment bank JP Morgan and commercial bank Chase Manhattan The bank further expanded through the acquisition of Bank One the fifth largest bank holding company in the United States in 2004 followed by that of Bear Stearns in 2008 In the same year it also bought the banking operations of Washington Mutual Inc to grow its business further The history of Citigroup based in New York began with the founding of the City Bank of New York in 1812 After a series of mergers it has become the third largest bank in the U S boasting a global financial services network with some 350 000 employees and over 200 million customers in more than 100 countries Citigroup was on the verge of nation alization during the 2008 global financial crisis but thanks to a massive restruc turing effort it is back on the path to recovery and has repaid US$20 billion of US$45 billion of bailout money HSBC Holdings headquartered in London was founded by Thomas Sutherland in 1865 as the Hong Kong and Shanghai Banking Corporation Limited With more than 6 500 offices in about 80 nations across the globe it offers wide ranging services in retail banking wholesale banking corporate banking pensions and insurance Although it was hit hard by the financial crisis in 2008 the group reported a loss of US$15 5 billion in North America alone it has successfully managed to diversify investments into emerging markets Industrial and Commercial Bank of China Ltd is the largest bank in China Established in 1984 the bank successfully launched IPOs in Shanghai and Hong Kong simultaneously in October 2006 raising a record US$21 9 billion That sum makes it the largest IPO in history Old Boys NetworkCompanies participating in the Seoul B20 have on average 73 years of history The oldest is Japan based Takeda Pharmaceutical Company Limited the largest drug maker in Asia which celebrates its 229th anniversary this year followed by J P Morgan Chase Co 211 years and Belgium based Umicore 205 years Among the 10 longest lived companies attending the B20 five are financial institutions while four are energy related enterprises Established in 1781 Takeda Pharma ceutical Company is the largest drug maker in Japan and Asia With annual sales of US$15 billion it employs about 20 000 people not only in Japan but also in the United States the United Kingdom Singapore Italy Ireland China and India Up until the 1980s Takeda s business was limited to selling vitamin supplements and bulk pharmaceuticals to the United States However the company grew rapidly by reinforcing competitiveness in new drug development and advancing into overseas markets One overseas move was the acquisition of American biotech firm Millennium Pharmaceuticals creating a stir in the industry Belgium based Umicore founded in 1805 is one of the world s largest materials technology groups with some 17 000 employees First established in Africa to develop mineral resources including non ferrous precious metals the company recently saw great success by manufacturing rechargeable batteries that use primary products such as nickel and lithium as core materials based on extensive R D Spurred by the development of the IT industry resulting in an explosive increase in demand for rechargeable batteries used in mobile phones game devices and laptops Umicore s growth continues unabated Color of SustainabilityThe Seoul G20 Business Summit brings together many companies operating in green products and green energy including the world s number one companies in the fields of water wind and nuclear power One is Veolia Environment which supplies water to 163 million people across the globe Established in 1853 this French multinational is the number one water company in the world with a global presence in 66 countries and 2009 revenues amounting to US$17 6 billion Veolia has recently expanded its business areas into plant construction plant operations consulting and financial services It is also making active investments in R D Vestas Wind Systems the world s largest wind energy group is based in Denmark It has installed more than 39 000 turbines in 63 countries and installs a new turbine on average every three hours somewhere on the planet With a 20 percent global market share Vestas is putting into practice its slogan No 1 in Modern Energy by generating approximately 60 million kilowatts per hour of electricity a year Italian utility firm Enel has been making a range of efforts to develop renewable energy as seen in the installation of Italy s first 16 megawatt hydrogen power plant near Venice Enel is Italy s largest energy company and Europe s third largest listed utility in terms of market capital ization Advance Fair YouthA number of companies led by young entrepreneurs in their 40s are seizing global attention These firms share one thing in common rapid growth attributable to quick decisions and aggressive investments made by CEOs Severstal Russia s largest steel producer is led by 45 year old Alexey Mordashov the youngest of the senior excecutives among the Seoul B20 participants In 2009 World Steel Dynamics a global steel information service ranked Severstal number one in its comprehensive assessment of production capacity management capacity assets sales and manufacturing technology Adil Said Ahmed Al Shanfari is the 46 year old CEO of SHANFARI Group Oman s 4th largest conglomerate Specializing in civil engineering and oil refining the group has accumulated massive wealth in Salalah an international trading port and the second largest city in Oman Dogus Group which owns Garanti Turkey s largest bank is led by 47 year old Ferit Sahenk And Canada s Research in Motion RIM the company that produces Blackberry the most popular smart phone model in North America is headed by 49 year old Jim Balsillie By Kim Ki yongkky donga com

Image Dimensions: 500 x 430