] Samsung Electronics
said on Oct. 5 its global brand value exceeded US$50 billion this year, citing an annual survey of brand management firm Interbrand.
This year, Samsung was again ranked as the seventh-most-valuable global brand with a value of $51.8 billion, up 14 percent from last year, Samsung said in a statement.
Samsung said its brand value has tripled for the past 10 years because of its healthy financial results and positive outlooks.
Kim Moon-soo, executive vice president of Samsung, said, “The value of a brand becomes even more significant as markets rapidly change and competition intensifies.”
“We will maintain our mid- and long-term marketing efforts to deliver our sincerity and distinctiveness to our customers,” Kim said.