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FINANCIAL

HIGHLIGHTS

A Year of Achievements

2002

Sales

In billions of U.S. dollars
In trillions of Korean won

33.8
40.5

3

Operating Profit

Net Income

Net Debt / Equity

6.0 5.9 -23.8 %
7.2

Yearly average exchange rate: Won/US Dollar: 1,251.16/1
Exchange rate on December 31, 2002: Won/US Dollar: 1,200.40/1

7.05

FROM

THE

BOARD

OF

DIRECTORS

How do you lead a revolution of connection and convergence?

In January of 2002, Samsung Electronics began the process of reshaping itself into four related business networks; over the course of this year, we have watched as four networks weaved themselves together with resilience and creativity. The result was products that create fresh customer value across the entire breadth of our company.

At the same time, we created convergence and connection on behalf of our shareholders, leading our company to develop a creative, open, and entrepreneurial environment that strives to maximize our company s value to shareholders. Last year,

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