Samsung

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For the publicly traded company, see Samsung Electronics.
Not to be confused with Samsun.
Samsung Group
Samsung Logo.sg
Ssbld!!".#pg
Samsung $own, Seoul
Natie name,
Type Chaebol
Industry Conglomerate
Founded 1938
Founders Lee Byung-chul
Headuarters !u"on, !outh #orea
$rea ser%ed &orld"'de
#ey people Lee #un-hee
(Cha'rman o) !amsung *lectron'cs+
,roducts $pparel, chem'cals, consumer electron'cs, electron'c components,
med'cal eu'pment, prec's'on 'nstruments, sem'conductors, sh'ps, telecommun'cat'ons
eu'pment
!er%'ces $d%ert's'ng, construct'on, enterta'nment, )'nanc'al ser%'ces, hosp'tal'ty,
'n)ormat'on and commun'cat'ons technology ser%'ces, med'cal ser%'ces, reta'l
-e%enue Increase .!/ 301 b'll'on (0213+314
5et 'ncome Increase .!/ 3261 b'll'on (0213+314
Total assets Increase .!/ 12267 b'll'on (0213+314
Total eu'ty Increase .!/ 1263 b'll'on (0213+314
*mployees 701,222 (0213+314
!ubs'd'ar'es !amsung *lectron'cs
!amsung L')e Insurance
!amsung F're 8 9ar'ne Insurance
!amsung Hea%y Industr'es
!amsung C8T
!amsung !:!
!amsung Tech"'n etc6
&ebs'te !amsung6com
!amsung
Hangul
Han;a
-e%'sed -oman'<at'on !amseong
9cCune=-e'schauer !ams%ng
$his article contains &orean te't. Without proper rendering support,
you may see (uestion marks, bo'es, or other symbols instead of )angul and
han#a.
Samsung Group *)angul+ > han;a? > #orean pronunc'at'on?
3s ams , ,-. /01up23 is a South &orean multinational conglomerate company
head(uartered in Samsung $own, Seoul. 4t comprises numerous subsidiaries
and a5liated businesses, most of them united under the Samsung brand, and
is the largest South &orean chaebol *business conglomerate3.
Samsung was founded by Lee 6yung7chul in 89:; as a trading company. <er
the ne't three decades the group diersi=ed into areas including food
processing, te'tiles, insurance, securities and retail. Samsung entered the
electronics industry in the late 89>!s and the construction and shipbuilding
industries in the mid789?!s@ these areas would drie its subse(uent growth.
Following LeeAs death in 89;?, Samsung was separated into four business
groups B Samsung Group, Shinsegae Group, CD Group and )ansol Group.
Since the 899!s Samsung has increasingly globaliEed its actiities, and
electronics, particularly mobile phones and semiconductors, hae become its
most important source of income.
Notable Samsung industrial subsidiaries include Samsung Electronics *the
worldAs largest information technology company measured by "!8" reenues,
and Fth in market alue3,G"2 Samsung )eay 4ndustries *the worldAs "nd7
largest shipbuilder measured by "!8! reenues3,G:2 and Samsung
Engineering and Samsung CH$ *respectiely the worldAs 8:th and :>th7
largest construction companies3.GF2 <ther notable subsidiaries include
Samsung Life 4nsurance *the worldAs 8Fth7largest life insurance company3,GI2
Samsung Eerland *operator of Eerland Jesort, the oldest theme park in
South &orea3,G>2 Samsung $echwin *an aerospace, sureillance and defense
company3 and Cheil Worldwide *the worldAs 8Ith7largest adertising agency
measured by "!8" reenues3.G?2G;2
Samsung has a powerful inKuence on South &oreaAs economic deelopment,
politics, media and culture, and has been a ma#or driing force behind the
LMiracle on the )an JierL.G92G8!2 4ts a5liate companies produce around a
=fth of South &oreaAs total e'ports.G882 SamsungAs reenue was e(ual to 8?N
of South &oreaAs O8,!;" billion GPQ.G8"2
4n "!8:, Samsung began construction on building the worldAs largest mobile
phone factory in the $hai Nguyen proince of Rietnam.G8:2 Samsung has
been able to achiee the largest market share of nearly :8N in the global
smartphone segment, as of "!8:.
Contents Ghide2
8 Name
" )istory
".8 89:; to 89?!
"." 89?! to 899!
".: 899! to "!!!
".F "!!! to "!8F
".I Sc(uisitions and attempted ac(uisitions
: <perations
:.8 Subsidiaries and a5liates
:." Doint entures
:.: Qartially owned companies
F Ma#or customers
I Logo
I.8 Sudio logo
> Samsung Medical Center
? Sponsorships
; Controersies
;.8 Financial scandals
;." Sntitrust concerns
;.: Riral marketing
9 Jeferences
8! E'ternal links
NameGedit2
Sccording to the founder of Samsung Group, the meaning of the &orean han#a
word Samsung *) is "tristar" or "three stars". The word "three"
represents something "big, numerous and powerful".[14]
History[edit]
19! to 19"#[edit]
The head$uarters of %anghoes in &aegu in the late 19#s
'n 19!, (ee )yung*+hull ,191#-19!") of a large landowning family in the
.iryeong +ounty +ame to the nearby &aegu +ity and founded %amsung %anghoe ,
, +, a small trad'ng company "'th )orty employees located 'n !u-dong (no"
Ingyo-dong+631@4 It dealt 'n grocer'es produced 'n and around the c'ty and produced 'ts
o"n noodles6 The company prospered and Lee mo%ed 'ts head o))'ce to !eoul 'n 19716
&hen the #orean &ar broAe out, ho"e%er, he "as )orced to lea%e !eoul and started a
sugar re)'nery 'n Busan named Che'l Bedang6 $)ter the "ar, 'n 19@7, Lee )ounded Che'l
9o;'A and bu'lt the plant 'n Ch'msan-dong, :aegu6 It "as the largest "oolen m'll e%er 'n
the country and the company tooA on the aspect o) a ma;or company6
!amsung d'%ers')'ed 'nto many areas and Lee sought to help establ'sh !amsung as an
'ndustry leader 'n a "'de range o) enterpr'ses, mo%'ng 'nto bus'nesses such as
'nsurance, secur't'es, and reta'l6 ,res'dent ,arA Chung Hee placed great 'mportance on
'ndustr'al'<at'on, and )ocused h's econom'c de%elopment strategy on a hand)ul o) large
domest'c conglomerates, protect'ng them )rom compet't'on and ass'st'ng them
)'nanc'ally631C4
In 1971, Cho Hong-;a' (the Hyosung groupDs )ounder+ ;o'ntly 'n%ested 'n a ne" company
called !amsung 9ulsan Eongsa (+, or the !amsung Trad'ng Corporat'on,
"'th the !amsung Eroup )ounder Lee Byung-chull6 The trad'ng )'rm gre" to become the
present-day !amsung C8T Corporat'on6 But a)ter some years Cho and Lee separated due
to d'))erences 'n management bet"een them6 He "anted to get up to a 32F group share6
$)ter settlement, !amsung Eroup "as separated 'nto !amsung Eroup and Hyosung
Eroup, HanAooA T're, and others631143184
In the late 19C2s, !amsung Eroup entered 'nto the electron'cs 'ndustry6 It )ormed
se%eral electron'cs-related d'%'s'ons, such as !amsung *lectron'cs :e%'ces, !amsung
*lectro-9echan'cs, !amsung Corn'ng, and !amsung !em'conductor 8
Telecommun'cat'ons, and made the )ac'l'ty 'n !u"on6 Its )'rst product "as a blacA-and-
"h'te tele%'s'on set6