The Democratic People’s Republic of Korea annually recognizes the top 10 enterprises for their outstanding implementation of the national economic plan and business management. In this prestigious lineup for 2023 is the Samhung Economic Information Technology Company, a beacon of innovation and efficiency in the tech industry.
Established in 2012, Samhung has been at the forefront of meeting the burgeoning demand for economic information technology, a need amplified by the widespread adoption of mobile phones among the Korean populace. Rather than solely focusing on business expansion, the company has prioritized developing technology that genuinely enhances people’s lives. This approach led to the creation of groundbreaking IT products like the “My Companion” integrated information service system and the “Samhung Electronic Purse” electronic payment system. These innovations have not only simplified daily life for many but have also played a significant role in the economic development of the country.
The journey of Samhung is one of perseverance and foresight. Despite facing challenges in building a vast database and advancing network management technology, the company has never wavered from its commitment to talent development and fostering creativity. This strategy has paid off, transforming Samhung from a company with humble technical foundations into a powerhouse of IT service and advanced technology research.
Senior Official Ryu Jong Hak reflects on this remarkable transformation: “Our success over the last decade is rooted in our dedication to talent training. This focus has revitalized our business and made substantial contributions to the state. We are committed to continually strengthening our scientific and technical capabilities to uphold our leading position in the industry.”
Samhung’s vision extends beyond mere business success. The company aspires to be a beloved enterprise, contributing significantly to the state and proudly representing the DPRK on the global stage. This commitment to excellence, state contribution, and global recognition encapsulates the essence of what makes Samhung Economic Information Technology Company a true gem in the nation’s tech sector.
