The Samsung Group (or simply Samsung) ( ko, 삼성 ) is a South Korean
multinational manufacturing
conglomerate
Conglomerate or conglomeration may refer to:
* Conglomerate (company)
* Conglomerate (geology)
* Conglomerate (mathematics)
In popular culture:
* The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes
** Co ...
headquartered in
Samsung Town
The Samsung Town (Korean: 삼성타운) is a major office park in Seocho-gu in Seoul, South Korea. It serves as the IT and electronics hub for the multinational corporation Samsung.
The building has a floor area of 110,800 m² with 20,000 reside ...
,
Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 ...
, South Korea.
It comprises numerous affiliated businesses,
most of them united under the ''Samsung'' brand, and is the largest South Korean (business conglomerate). Samsung has the eighth highest global
brand value
A brand is a name, term, design, symbol or any other feature that distinguishes one seller's good or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create an ...
.
Samsung was founded by
Lee Byung-chul in 1938 as a
trading company Trading companies are businesses working with different kinds of products which are sold for consumer, business, or government purposes. Trading companies buy a specialized range of products, maintain a stock or a shop, and deliver products to custo ...
. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities, and retail. Samsung entered the
electronics industry
The electronics industry is the economic sector that produces electronic devices. It emerged in the 20th century and is today one of the largest global industries. Contemporary society uses a vast array of electronic devices built-in automated or ...
in the late 1960s and the construction and shipbuilding industries in the mid-1970s; these areas would drive its subsequent growth. Following Lee's death in 1987, Samsung was separated into five business groups – Samsung Group,
Shinsegae Group,
CJ Group
CJ Group () is a South Korean conglomerate holding company and one of the largest Chaebol headquartered in Seoul, South Korea. It comprises numerous businesses in various industries of food and food service, pharmaceutics and biotechnology, enter ...
and
Hansol Group, and
JoongAng Group.
Notable Samsung industrial affiliates include
Samsung Electronics
Samsung Electronics Co., Ltd. (, sometimes shortened to SEC and stylized as SΛMSUNG) is a South Korean multinational corporation, multinational electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea. It is the pinnacle of ...
(the world's largest
information technology company,
consumer electronics maker and
chipmaker Samsung Heavy Industries
Samsung Heavy Industries Co., Ltd. (Korean: 삼성중공업) is one of the largest shipbuilders in the world and one of the "Big Three" shipbuilders of South Korea (including Hyundai and Daewoo). Geoje (in Gyeongsangnam-do) is one of the largest ...
(the world's second largest
shipbuilder and
Samsung Engineering
Samsung Engineering Co., Ltd. ( ko, 삼성엔지니어링) is a Korean construction and project management (EPC&PM) company, it provides a full range of engineering services including feasibility studies, design, procurement, construction, and co ...
and
Samsung C&T Corporation
Samsung C&T Corporation ("Construction & Trading Corporation"; formerly Samsung Corporation; Korean: 삼성물산), is a South Korean construction and engineering company. It was founded in 1938 as the first Samsung company and was initially in ...
(respectively the world's 13th and 36th largest construction companies). Other notable subsidiaries include
Samsung Life Insurance
Samsung Life Insurance (Korean: 삼성생명보험) is a South Korean multinational insurance company headquartered in Seoul, South Korea, and a subsidiary of the Samsung Group. It is the largest insurance company in South Korea and a Fortune Gl ...
(the world's 14th largest life insurance company), Samsung Everland (operator of
Everland Resort, the oldest
theme park
An amusement park is a park that features various attractions, such as rides and games, as well as other events for entertainment purposes. A theme park is a type of amusement park that bases its structures and attractions around a central ...
in South Korea) and
Cheil Worldwide
Cheil Worldwide Inc. () is a marketing company under the Samsung Group that offers advertising, public relations, shopper marketing, sports marketing, digital marketing, etc. It was established in 1973 with headquarters in Seoul, South Korea.
It ...
(the world's 15th largest advertising agency,
Etymology
According to Samsung's founder, the meaning of the
Korean hanja
Hanja (Hangul: ; Hanja: , ), alternatively known as Hancha, are Chinese characters () used in the writing of Korean. Hanja was used as early as the Gojoseon period, the first ever Korean kingdom.
(, ) refers to Sino-Korean vocabulary, wh ...
word ''Samsung'' () is "three stars". The word "three" represents something "big, numerous and powerful", while "stars" means "everlasting" or "eternal", like stars in the sky.
History
1938–1970
![Lee Byung-chul](https://upload.wikimedia.org/wikipedia/commons/6/62/Lee_Byung-chul.jpg)
In 1938, during
Japanese-ruled Korea,
Lee Byung-chul (1910–1987) of a large landowning family in the
Uiryeong
Uiryeong County () is a county in South Gyeongsang Province, South Korea.
Uiryeong County has a population of 27,550 (2019) and is one of the least populated counties in South Korea.
History
In 1938, Lee Byung-chull, a resident of Uiryeong, fou ...
county moved to nearby
Daegu
Daegu (, , literally 'large hill', 대구광역시), formerly spelled Taegu and officially known as the Daegu Metropolitan City, is a city in South Korea.
It is the third-largest urban agglomeration in South Korea after Seoul and Busan; it is ...
city and founded Mitsuboshi Trading Company (), or ''Samsung Sanghoe'' (주식회사 삼성상회). Samsung started out as a small trading company with forty employees located in Su-dong (now Ingyo-dong).
It dealt in dried-fish,
locally-grown groceries and noodles. The company prospered and Lee moved its head office to Seoul in 1947. When the
Korean War
, date = {{Ubl, 25 June 1950 – 27 July 1953 (''de facto'')({{Age in years, months, weeks and days, month1=6, day1=25, year1=1950, month2=7, day2=27, year2=1953), 25 June 1950 – present (''de jure'')({{Age in years, months, weeks a ...
broke out, he was forced to leave Seoul. He started a
sugar refinery in
Busan
Busan (), officially known as is South Korea's most populous city after Seoul, with a population of over 3.4 million inhabitants. Formerly romanized as Pusan, it is the economic, cultural and educational center of southeastern South Korea, w ...
named
''Cheil Jedang''. In 1954, Lee founded
''Cheil Mojik'' and built the plant in Chimsan-dong,
Daegu
Daegu (, , literally 'large hill', 대구광역시), formerly spelled Taegu and officially known as the Daegu Metropolitan City, is a city in South Korea.
It is the third-largest urban agglomeration in South Korea after Seoul and Busan; it is ...
. It was the largest woollen mill ever in the country.
Samsung diversified into many different areas. Lee sought to establish Samsung as a leader in a wide range of industries. Samsung moved into lines of business such as insurance, securities, and retail.
In 1947, Cho Hong-jai, the Hyosung group's founder, jointly invested in a new company called Samsung Mulsan Gongsa, or the Samsung Trading Corporation, with the Samsung's founder Lee Byung-chul. The trading firm grew to become the present-day
Samsung C&T Corporation
Samsung C&T Corporation ("Construction & Trading Corporation"; formerly Samsung Corporation; Korean: 삼성물산), is a South Korean construction and engineering company. It was founded in 1938 as the first Samsung company and was initially in ...
. After a few years, Cho and Lee separated due to differences in management style. Cho wanted a 30 equity share. Samsung Group was separated into Samsung Group and
Hyosung Group,
Hankook Tire and other businesses.
In the late 1960s, Samsung Group entered the electronics industry. It formed several electronics-related divisions, such as Samsung Electronics Devices, Samsung Electro-Mechanics, Samsung Corning and Samsung Semiconductor & Telecommunications, and opened the facility in
Suwon
Suwon (, ) is the capital and largest city of Gyeonggi-do, South Korea's most populous province which surrounds Seoul, the national capital. Suwon lies about south of Seoul. It is traditionally known as "The City of Filial Piety". With a populati ...
. Its first product was a black-and-white television set.
1970–1990
![SPC-1000](https://upload.wikimedia.org/wikipedia/commons/2/24/SPC-1000.JPG)
In 1980, Samsung acquired the
Gumi Gumi may refer to:
* Gumi, Iran, a village in South Khorasan Province, Iran
* Gumi, Nepal, a village development committee in Surkhet District, Bheri Zone, Nepal
* Gumi, North Gyeongsang, a city in Gyeongsangbuk-do, South Korea
** Gumi University
* ...
-based ''Hanguk Jeonja Tongsin'' and entered telecommunications hardware. Its early products were switchboards. The facility was developed into the telephone and fax manufacturing systems and became the center of Samsung's mobile phone manufacturing. They have produced over 800 million mobile phones to date. The company grouped them together under Samsung Electronics in the 1980s.
After Lee, the founder's death in 1987, Samsung Group was separated into five business groups Samsung Group,
Shinsegae Group,
CJ Group
CJ Group () is a South Korean conglomerate holding company and one of the largest Chaebol headquartered in Seoul, South Korea. It comprises numerous businesses in various industries of food and food service, pharmaceutics and biotechnology, enter ...
,
Hansol Group and the
JoongAng Group. Shinsegae (discount store, department store) was originally part of Samsung Group, separated in the 1990s from the Samsung Group along with CJ Group (Food/Chemicals/Entertainment/logistics), Hansol Group (Paper/Telecom), and the JoongAng Group (Media). Today these separated groups are independent and they are not part of or connected to the Samsung Group.
[ One Hansol Group representative said, "Only people ignorant of the laws governing the business world could believe something so absurd", adding, "When Hansol separated from the Samsung Group in 1991, it severed all payment guarantees and share-holding ties with Samsung affiliates." One Hansol Group source asserted, "Hansol, Shinsegae, and CJ have been under independent management since their respective separations from the Samsung Group". One Shinsegae department store executive director said, "Shinsegae has no payment guarantees associated with the Samsung Group".][Hansol, Shinsegae Deny Relations with Saehan](_blank)
24 May 2000. Joongangdaily
In the 1980s, Samsung Electronics began to invest heavily in research and development, investments that were pivotal in pushing the company to the forefront of the global electronics industry. In 1982, it built a television assembly plant in Portugal; in 1984, a plant in New York; in 1985, a plant in Tokyo; in 1987, a facility in England; and another facility in Austin, Texas
Austin is the capital city of the U.S. state of Texas, as well as the county seat, seat and largest city of Travis County, Texas, Travis County, with portions extending into Hays County, Texas, Hays and Williamson County, Texas, Williamson co ...
, in 1996. As of 2012, Samsung has invested more than in the Austin facility, which operates under the name Samsung Austin Semiconductor. This makes the Austin location the largest foreign investment in Texas
Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2 ...
and one of the largest single foreign investments
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct co ...
in the United States.
In 1987, United States International Trade Commission order that the Samsung Group of South Korea unlawfully sold computer chips in the United States without licenses from the chip inventor, Texas Instruments Inc. The order requires Samsung to pay a penalty to Texas Instruments within the coming weeks. Otherwise, sales of all dynamic random access memory chips made by Samsung and all products using the chips would be banned in the United States. The ban includes circuit boards and equipment called single-in-line packages made by other companies that use D-RAM's made by Samsung with 64,000 or 256,000 characters of memory. It also covers computers, facsimile machines and certain telecommunications equipment and printers bearing either of the Samsung chips.
1990–2000
Since 1990, Samsung has increasingly globalised its activities and electronics; in particular, its mobile phones and semiconductors have become its most important source of income. It was in this period that Samsung started to rise as an international corporation in the 1990s. Samsung's construction branch was awarded contracts to build one of the two Petronas Towers in Malaysia, Taipei 101
Taipei 101 (; stylized as TAIPEI 101), formerly known as the Taipei World Financial Center, is a supertall skyscraper in Taipei, Taiwan. This building was officially classified as the world's tallest from its opening in 2004 until the 2009 ...
in Taiwan and the Burj Khalifa
The Burj Khalifa (; ar, برج خليفة, , Khalifa Tower), known as the Burj Dubai prior to its inauguration in 2010, is a skyscraper in Dubai, United Arab Emirates. It is known for being the world’s tallest building. With a total height ...
in United Arab Emirates. In 1993, Lee Kun-hee sold off ten of Samsung Group's subsidiaries, downsized the company, and merged other operations to concentrate on three industries: electronics, engineering and chemicals. In 1996, the Samsung Group reacquired the Sungkyunkwan University foundation.
Samsung became the world's largest producer of memory chips in 1992 and is the world's second-largest chipmaker after Intel
Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California. It is the world's largest semiconductor chip manufacturer by revenue, and is one of the developers of the x86 seri ...
(see Worldwide Top 20 Semiconductor Market Share Ranking Year by Year). In 1995, it created its first liquid-crystal display
A liquid-crystal display (LCD) is a flat-panel display
A flat-panel display (FPD) is an electronic display used to display visual content such as text or images. It is present in consumer, medical, transportation, and industrial equipmen ...
screen. Ten years later, Samsung grew to be the world's largest manufacturer of liquid-crystal display panels. Sony
, commonly stylized as SONY, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. As a major technology company, it operates as one of the world's largest manufacturers of consumer and professional ...
, which had not invested in large-size TFT-LCDs, contacted Samsung to cooperate, and, in 2006, S-LCD
Samsung Display (Hangul: 삼성디스플레이), formerly S-LCD Corporation (Hangul: 에스 엘시디, Japanese: エス・エルシーディー), is a South Korean manufacturer of OLED panels and formerly a manufacturer of amorphous TFT LCD panels ...
was established as a joint venture between Samsung and Sony in order to provide a stable supply of LCD panels for both manufacturers. S-LCD
Samsung Display (Hangul: 삼성디스플레이), formerly S-LCD Corporation (Hangul: 에스 엘시디, Japanese: エス・エルシーディー), is a South Korean manufacturer of OLED panels and formerly a manufacturer of amorphous TFT LCD panels ...
was owned by Samsung (50% plus one share) and Sony
, commonly stylized as SONY, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. As a major technology company, it operates as one of the world's largest manufacturers of consumer and professional ...
(50% minus one share) and operates its factories and facilities in Tanjung, South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...
. As of 26 December 2011, it was announced that Samsung had acquired the stake of Sony
, commonly stylized as SONY, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. As a major technology company, it operates as one of the world's largest manufacturers of consumer and professional ...
in this joint venture.
Compared to other major Korean companies, Samsung survived the 1997 Asian financial crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1 ...
relatively unharmed. However, Samsung Motor was sold to Renault
Groupe Renault ( , , , also known as the Renault Group in English; legally Renault S.A.) is a French multinational automobile manufacturer established in 1899. The company produces a range of cars and vans, and in the past has manufactured ...
at a significant loss. , Renault Samsung
Renault Korea Motors ( ko, 르노코리아자동차), is a South Korean car manufacturer headquartered in Busan where its single assembly site is also located, with additional facilities at Seoul (administration), Giheung (research and develop ...
is 80.1 percent owned by Renault
Groupe Renault ( , , , also known as the Renault Group in English; legally Renault S.A.) is a French multinational automobile manufacturer established in 1899. The company produces a range of cars and vans, and in the past has manufactured ...
and 19.9 percent owned by Samsung. Additionally, Samsung manufactured a range of aircraft
An aircraft is a vehicle that is able to fly by gaining support from the air. It counters the force of gravity by using either static lift or by using the dynamic lift of an airfoil, or in a few cases the downward thrust from jet engines ...
from the 1980s to the 1990s. The company was founded in 1999 as Korea Aerospace Industries
Korea Aerospace Industries (Korean: 한국항공우주산업, Hanja: 韓國航空宇宙産業) (KAI) is a South Korean aerospace and defense company. It was originally established as a joint venture of Samsung Aerospace, Daewoo Heavy Industries' ...
(KAI), the result of a merger between then three domestic major aerospace
Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial and military applications. Aerospace engineering consists of aeronautics and astrona ...
divisions of Samsung Aerospace
Samsung Aerospace (SSA) was a South Korean aerospace manufacturer.
History
The company was originally established as Samsung Precision on 1 August 1977 with initial capital of ₩1 billion, and began constructing its first factory, a facility of ...
, Daewoo Heavy Industries and Hyundai Space and Aircraft Company. However, Samsung still manufactures aircraft engines
An aircraft engine, often referred to as an aero engine, is the power component of an aircraft propulsion system. Most aircraft engines are either piston engines or gas turbines, although a few have been rocket powered and in recent years many ...
and gas turbines
A gas turbine, also called a combustion turbine, is a type of continuous flow internal combustion engine. The main parts common to all gas turbine engines form the power-producing part (known as the gas generator or core) and are, in the directi ...
.
2000–present
In 2000, Samsung opened a development center in Warsaw
Warsaw ( pl, Warszawa, ), officially the Capital City of Warsaw,, abbreviation: ''m.st. Warszawa'' is the capital and largest city of Poland. The metropolis stands on the River Vistula in east-central Poland, and its population is officia ...
, Poland. Its work began with set-top-box technology before moving into digital TV and smartphone
A smartphone is a portable computer device that combines mobile telephone and computing functions into one unit. They are distinguished from feature phones by their stronger hardware capabilities and extensive mobile operating systems, whic ...
s. The smartphone platform was developed with partners, officially launched with the original Samsung Solstice line of devices and other derivatives in 2008, which was later developed into Samsung Galaxy line of devices including Notes, Edge and other products.
In 2007, former Samsung chief lawyer Kim Yong Chul claimed that he was involved in bribing
Bribery is the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official, or other person, in charge of a public or legal duty. With regard to governmental operations, essentially, bribery is "Corru ...
and fabricating evidence
False evidence, fabricated evidence, forged evidence, fake evidence or tainted evidence is information created or obtained illegally in order to sway the verdict in a court case. Falsified Evidence (law), evidence could be created by either sid ...
on behalf of the group's chairman, Lee Kun-hee, and the company. Kim said that Samsung lawyers trained executives to serve as scapegoats
Scapegoating is the practice of singling out a person or group for unmerited blame and consequent negative treatment. Scapegoating may be conducted by individuals against individuals (e.g. "he did it, not me!"), individuals against groups (e.g., ...
in a "fabricated scenario" to protect Lee, even though those executives were not involved. Kim also told the media that he was "sidelined" by Samsung after he refused to pay a $3.3 million bribe to the U.S. Federal District Court judge presiding over a case where two of their executives were found guilty on charges related to memory chip price-fixing. Kim revealed that the company had raised a large number of secret funds through bank accounts illegally opened under the names of up to 1,000 Samsung executives under his own name, four accounts were opened to manage 5 billion won.
In 2010, Samsung announced a ten-year growth strategy centered around five businesses.[ One of these businesses was to be focused on biopharmaceuticals, to which has committed .][
In first quarter of 2012, Samsung Electronics became the world's largest mobile phone maker by unit sales, overtaking ]Nokia
Nokia Corporation (natively Nokia Oyj, referred to as Nokia) is a Finnish multinational corporation, multinational telecommunications industry, telecommunications, technology company, information technology, and consumer electronics corporatio ...
, which had been the market leader since 1998.
On 24 August 2012, nine American jurors ruled
''Ruled'' is the fifth full-length LP by The Giraffes. Drums, bass and principal guitar tracks recorded at The Bunker in Brooklyn, NY. Vocals and additional guitars recorded at Strangeweather in Brooklyn, NY. Mixed at Studio G in Brooklyn, NY ...
that Samsung Electronics had to pay Apple
An apple is an edible fruit produced by an apple tree (''Malus domestica''). Apple fruit tree, trees are agriculture, cultivated worldwide and are the most widely grown species in the genus ''Malus''. The tree originated in Central Asia, wh ...
$1.05 billion in damages for violating six of its patents on smartphone technology. The award was still less than the $2.5 billion requested by Apple. The decision also ruled that Apple did not violate five Samsung patents cited in the case. Samsung decried the decision saying that the move could harm innovation in the sector. It also followed a South Korean ruling stating that both companies were guilty of infringing on each other's intellectual property. In first trading after the ruling, Samsung shares on the KOSPI
The Korea Composite Stock Price Index or KOSPI (코스피지수) is the index of all common stocks traded on the Stock Market Division—previously, Korea Stock Exchange—of the Korea Exchange. It is the representative stock market index of So ...
fell 7.7%, the largest fall since 24 October 2008, to 1,177,000 Korean won. Apple then sought to ban the sales of eight Samsung phones (Galaxy S 4G, Galaxy S2 AT&T
AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's largest telecommunications company by revenue and the third largest provider of mobile tel ...
, Galaxy S2 Skyrocket, Galaxy S2 T-Mobile, Galaxy S2 Epic 4G, Galaxy S Showcase, Droid Charge and Galaxy Prevail) in the United States which was denied by the court.
As of 2013, the Fair Trade Commission of Taiwan is investigating Samsung and its local Taiwanese advertising agency for false advertising
False advertising is defined as the act of publishing, transmitting, or otherwise publicly circulating an advertisement containing a false claim, or statement, made intentionally (or recklessly) to promote the sale of property, goods, or servic ...
. The case was commenced after the commission received complaints stating that the agency hired students to attack competitors of Samsung Electronics in online forums. Samsung Taiwan made an announcement on its Facebook
Facebook is an online social media and social networking service owned by American company Meta Platforms. Founded in 2004 by Mark Zuckerberg with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin M ...
page in which it stated that it had not interfered with any evaluation report and had stopped online marketing campaigns that constituted posting or responding to content in online forums.
In 2015, Samsung has been granted more U.S. patents than any other company – including IBM, Google, Sony, Microsoft and Apple. The company received 7,679 utility patents through 11 December.
The Galaxy Note 7 smartphone went on sale on 19 August 2016. However, in early September 2016, Samsung suspended sales of the phone and announced an informal recall. This occurred after some units of the phones had batteries with a defect that caused them to produce excessive heat, leading to fires and explosions. Samsung replaced the recalled units of the phones with a new version; however, it was later discovered that the new version of the Galaxy Note 7 also had the battery defect. Samsung recalled all Galaxy Note 7 smartphones worldwide on 10 October 2016, and permanently ended production of the phone the following day.
In 2018, Samsung launched the world's largest mobile manufacturing facility in Noida
Noida, short for New Okhla Industrial Development Authority, is a planned city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. Noida is a satellite city of Delhi and is a part of the National Capital Region (NCR) o ...
, India, with guest of honour including Indian Prime Minister Narendra Modi
Narendra Damodardas Modi (; born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. Modi was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament from ...
.
Influence
Samsung has a powerful influence on South Korea's economic development, politics, media and culture and has been a major driving force behind the " Miracle on the Han River". Its affiliate companies produce around a fifth of South Korea's total exports. Samsung's revenue was equal to 17% of South Korea's $1,082 billion GDP in 2013.
"You can even say the Samsung chairman is more powerful than the President of South Korea
The president of the Republic of Korea (), also known as the president of South Korea (often abbreviated to POTROK or POSK; ), is the head of state and head of government of the Republic of Korea. The president leads the State Council, and is ...
. outhKorean people have come to think of Samsung as invincible and above the law", said Woo Suk-hoon, host of a popular economics podcast in a ''Washington Post
''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large nati ...
'' article headlined "In South Korea, the Republic of Samsung", published on 9 December 2012. Critics claimed that Samsung knocked out smaller businesses, limiting choices for South Korean consumers and sometimes colluded with fellow giants to fix prices while bullying those who investigate. Lee Jung-hee
Lee Jung-hee (; born December 22, 1969) is a South Korean politician, lawyer and activist. 18th member of the National Assembly of South Korea. She was one of the candidates for the 2012 presidential election.
Biography
Early years
Lee ...
, a South Korean presidential candidate, said in a debate, "Samsung has the government in its hands. Samsung manages the legal world, the press, the academics and bureaucracy
The term bureaucracy () refers to a body of non-elected governing officials as well as to an administrative policy-making group. Historically, a bureaucracy was a government administration managed by departments staffed with non-elected offi ...
".
Operations
Samsung comprises around 80 companies. Its activities include construction
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and com ...
, consumer electronics
Consumer electronics or home electronics are electronic (analog or digital) equipment intended for everyday use, typically in private homes. Consumer electronics include devices used for entertainment, communications and recreation. Usually r ...
, financial services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...
, shipbuilding
Shipbuilding is the construction of ships and other floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to befor ...
and medical services.
As of April 2011, the Samsung Group comprised 59 unlisted companies and 19 listed companies, all of which had their primary listing on the Korea Exchange
Korea Exchange (KRX) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul.
History
The Korea Exchange was created through the integration of Ko ...
.
In FY 2009, Samsung reported consolidated revenues of 220 trillion KRW ($172.5 billion). In FY 2010, Samsung reported consolidated revenues of 280 trillion KRW ($258 billion), and profits of 30 trillion KRW ($27.6 billion) based upon a KRW-USD exchange rate of 1,084.5 KRW per USD, the spot rate . These amounts do not include the revenues from Samsung's subsidiaries based outside South Korea.
Leadership
# Lee Byung-chul (1938–1966, 1968–1987)
# Lee Maeng-hee (1966–1968), Lee Byung-chul's first son
# Lee Kun-hee (1987–2008, 2010–2020), Lee Byung-chul's third son
# Lee Soo-bin
Lee Soo-bin (Korean: 이수빈, born January 16, 1939) is the CEO of Samsung Life Insurance. According to English language wire services, he is "representing Samsung externally", after Samsung Group chairman Lee Kun-hee
Lee Kun-hee (, ; 9 ...
(2008–2010)
Affiliates
Samsung Electronics
Samsung Electronics Co., Ltd. (, sometimes shortened to SEC and stylized as SΛMSUNG) is a South Korean multinational corporation, multinational electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea. It is the pinnacle of ...
is a multinational electronics and information technology company headquartered in Suwon
Suwon (, ) is the capital and largest city of Gyeonggi-do, South Korea's most populous province which surrounds Seoul, the national capital. Suwon lies about south of Seoul. It is traditionally known as "The City of Filial Piety". With a populati ...
and the flagship company of the Samsung Group. Its products include air conditioners
Air conditioning, often abbreviated as A/C or AC, is the process of removing heat from an enclosed space to achieve a more comfortable interior environment (sometimes referred to as 'comfort cooling') and in some cases also strictly controlling ...
, computers
A computer is a machine that can be programmed to carry out sequences of arithmetic or logical operations (computation) automatically. Modern digital electronic computers can perform generic sets of operations known as programs. These programs ...
, digital
Digital usually refers to something using discrete digits, often binary digits.
Technology and computing Hardware
*Digital electronics, electronic circuits which operate using digital signals
**Digital camera, which captures and stores digital i ...
television sets, active-matrix organic light-emitting diodes (AMOLEDs), mobile phones
A mobile phone, cellular phone, cell phone, cellphone, handphone, hand phone or pocket phone, sometimes shortened to simply mobile, cell, or just phone, is a portable telephone that can make and receive calls over a radio frequency link whil ...
, display monitors, computer printers
In computing, a printer is a peripheral machine which makes a persistent representation of graphics or text, usually on paper. While most output is human-readable, bar code printers are an example of an expanded use for printers. Diffe ...
, refrigerators
A refrigerator, colloquially fridge, is a commercial and home appliance consisting of a thermally insulated compartment and a heat pump (mechanical, electronic or chemical) that transfers heat from its inside to its external environment so th ...
, semiconductors
A semiconductor is a material which has an electrical resistivity and conductivity, electrical conductivity value falling between that of a electrical conductor, conductor, such as copper, and an insulator (electricity), insulator, such as glas ...
and telecommunications networking equipment.
It was the world's largest mobile phone maker by unit sales in the first quarter of 2012, with a global market share of 25.4%. It was also the world's second-largest semiconductor maker by 2011 revenues (after Intel
Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California. It is the world's largest semiconductor chip manufacturer by revenue, and is one of the developers of the x86 seri ...
).
Steco is the joint venture established between Samsung Electronics
Samsung Electronics Co., Ltd. (, sometimes shortened to SEC and stylized as SΛMSUNG) is a South Korean multinational corporation, multinational electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea. It is the pinnacle of ...
and Japan's Toray Industries
is a multinational corporation headquartered in Japan that specializes in industrial products centered on technologies in organic synthetic chemistry, polymer chemistry, and biochemistry.
Its founding business areas were fibers and textiles, ...
in 1995. Toshiba Samsung Storage Technology
Toshiba Samsung Storage Technology Corporation (abbreviated TSST) is an international joint venture company of Toshiba ( Japan) and Samsung Electronics (South Korea). Toshiba used to own 51% of its stock, while Samsung used to own the remaining ...
Corporation (TSST) is a joint venture between Samsung Electronics and Toshiba
, commonly known as Toshiba and stylized as TOSHIBA, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. Its diversified products and services include power, industrial and social infrastructure system ...
of Japan which specialises in optical disc drive manufacturing. TSST was formed in 2004, and Toshiba owns 51 percent of its stock, while Samsung owns the remaining 49 percent. Samsung Electronics
Samsung Electronics Co., Ltd. (, sometimes shortened to SEC and stylized as SΛMSUNG) is a South Korean multinational corporation, multinational electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea. It is the pinnacle of ...
is listed on the Korea Exchange stock market (number 005930).
Samsung Biologics
Samsung Biologics is a South Korean biotechnology company headquartered in Songdo International Business District, Songdo, Incheon, South Korea. The biotech division of Samsung Group, it provides contract development and manufacturing organization ...
is a biopharmaceutical division of Samsung, founded in 2011. It has contract development and manufacturing (CDMO) services including drug substance and product manufacturing and bioanalytical testing services. The company is headquartered in Incheon, South Korea and its existing three plants comprises the largest biologic contract manufacturing complex. It expanded its contract development service lab to San Francisco, U.S. Samsung Biologics is listed on the Korean Exchange stock market (number 207940). Samsung Bioepis is a biosimilar medicine producer and joint venture between Samsung Biologics (50 percent plus one share) and the U.S.-based Biogen Idec (50 percent). In 2014, Biogen Idec agreed to commercialize future anti-TNF biosimilar products in Europe through Samsung Bioepis.
Samsung Engineering
Samsung Engineering Co., Ltd. ( ko, 삼성엔지니어링) is a Korean construction and project management (EPC&PM) company, it provides a full range of engineering services including feasibility studies, design, procurement, construction, and co ...
is a multinational construction company headquartered in Seoul. It was founded in January 1969. Its principal activity is the construction of oil refining plants; upstream oil and gas facilities; petrochemical plants and gas plants; steel making plants; power plants; water treatment facilities
Water (chemical formula ) is an inorganic, transparent, tasteless, odorless, and nearly colorless chemical substance, which is the main constituent of Earth's hydrosphere and the fluids of all known living organisms (in which it acts as a s ...
; and other infrastructure. It achieved total revenues of 9,298.2 billion won (US$8.06 billion) in 2011. Samsung Engineering is listed on the Korea Exchange stock market (number 02803450).
Samsung Fire & Marine Insurance is a multinational general insurance company headquartered in Seoul. It was founded in January 1952 as Korea Anbo Fire and Marine Insurance and was renamed Samsung Fire & Marine Insurance in December 1993. Samsung Fire & Marine Insurance offers services including accident insurance, automobile insurance, casualty insurance, fire insurance, liability insurance, marine insurance, personal pensions and loans. As of March 2011 it had operations in 10 countries and 6.5 million customers. Samsung Fire & Marine Insurance had a total premium income of $11.7 billion in 2011 and total assets of $28.81 billion on 31 March 2011. It is the largest provider of general insurance in South Korea. Samsung Fire has been listed on the Korea Exchange stock market since 1975 (number 000810).
Samsung Heavy Industries
Samsung Heavy Industries Co., Ltd. (Korean: 삼성중공업) is one of the largest shipbuilders in the world and one of the "Big Three" shipbuilders of South Korea (including Hyundai and Daewoo). Geoje (in Gyeongsangnam-do) is one of the largest ...
is a shipbuilding
Shipbuilding is the construction of ships and other floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to befor ...
and engineering company headquartered in Seoul. It was founded in August 1974. Its principal products are bulk carriers, container vessels, crude oil tankers, cruisers, passenger ferries, material handling equipment steel and bridge structures. It achieved total revenues of 13,358.6 billion won in 2011 and is the world's second-largest shipbuilder by revenues (after Hyundai Heavy Industries
Hyundai Heavy Industries Co., Ltd. (HHI; ) is the world's largest shipbuilding company and a major heavy equipment manufacturer. Its headquarters are in Ulsan, South Korea.
History
HHI was founded in 1972 by Chung Ju-yung as a division of the ...
). Samsung Heavy Industries is listed on the Korea Exchange stock market (number 010140).
Samsung Life Insurance
Samsung Life Insurance (Korean: 삼성생명보험) is a South Korean multinational insurance company headquartered in Seoul, South Korea, and a subsidiary of the Samsung Group. It is the largest insurance company in South Korea and a Fortune Gl ...
is a multinational life insurance company headquartered in Seoul. It was founded in March 1957 as Dongbang Life Insurance and became an affiliate of the Samsung Group in July 1963. Samsung Life's principal activity is the provision of individual life insurance and annuity products and services. As of December 2011 it had operations in seven countries, 8.08 million customers and 5,975 employees. Samsung Life had total sales of 22,717 billion won in 2011 and total assets of 161,072 billion won at 31 December 2011. It is the largest provider of life insurance in South Korea. Samsung Air China Life Insurance is a 50:50 joint venture between Samsung Life Insurance
Samsung Life Insurance (Korean: 삼성생명보험) is a South Korean multinational insurance company headquartered in Seoul, South Korea, and a subsidiary of the Samsung Group. It is the largest insurance company in South Korea and a Fortune Gl ...
and China National Aviation Holding
China National Aviation Holding Corporation Limited, also known as Air China Group, is a Chinese state-owned enterprise which is the parent company of Air China and Air Macau. The company was formed on 11 October 2002 by the merger of Air China, ...
. It was established in Beijing in July 2005. Siam Samsung Life Insurance: Samsung Life Insurance holds a 37 percent stake while the Saha Group also has a 37.5 percent stake in the joint venture, with the remaining 25 percent owned by Thanachart Bank. Samsung Life Insurance is listed on the Korea Exchange stock market (number 032830).
Samsung SDI is listed on the Korea Exchange stock-exchange (number 006400). On 5 December 2012, the European Union's antitrust regulator fined Samsung SDI and several other major companies for fixing prices of TV cathode-ray tube
A cathode-ray tube (CRT) is a vacuum tube containing one or more electron guns, which emit electron beams that are manipulated to display images on a phosphorescent screen. The images may represent electrical waveforms (oscilloscope), pictur ...
s in two cartels lasting nearly a decade. SDI also builds lithium-ion batteries
A lithium-ion or Li-ion battery is a type of rechargeable battery which uses the reversible reduction of lithium ions to store energy. It is the predominant battery type used in portable consumer electronics and electric vehicles. It also se ...
for electric vehicle
An electric vehicle (EV) is a vehicle that uses one or more electric motors for propulsion. It can be powered by a collector system, with electricity from extravehicular sources, or it can be powered autonomously by a battery (sometimes cha ...
s such as the BMW i3
The BMW i3 is a B-segment, high-roof hatchback manufactured and marketed by BMW with an electric powertrain using rear-wheel drive via a single-speed transmission and an underfloor Lithium-ion battery, lithium-ion battery pack and an optional R ...
, and acquired Magna Steyr's battery plant near Graz
Graz (; sl, Gradec) is the capital city of the Austrian state of Styria and second-largest city in Austria after Vienna. As of 1 January 2021, it had a population of 331,562 (294,236 of whom had principal-residence status). In 2018, the popul ...
in 2015. SDI began using the " 21700" cell format in August 2015. Samsung plans to convert its factory in Göd
Göd () is a small city in Pest County, Hungary.
Location
The city is northeast of Budapest.
Economy
Göd has a thriving tourist trade. It has a thermal spa open almost 365 days a year with water rich in minerals.
Along the M2 motorway
Göd ...
, Hungary to supply 50,000 cars per year. Samsung SDI also produced CRTs and VFD displays until 2012. Samsung SDI uses lithium-ion
A lithium-ion or Li-ion battery is a type of rechargeable battery which uses the reversible reduction of lithium ions to store energy. It is the predominant battery type used in portable consumer electronics and electric vehicles. It also sees ...
technology for its phone and portable computer batteries.
Samsung SDS is a multinational IT Service company headquartered in Seoul. It was founded in March 1985. Its principal activity is the providing IT system (ERP, IT Infrastructure, IT Consulting, IT Outsourcing, Data Center). Samsung SDS is Korea's largest IT service company. It achieved total revenues of 6,105.9 billion won (US$5.71 billion) in 2012. Samsung C&T Corporation
Samsung C&T Corporation ("Construction & Trading Corporation"; formerly Samsung Corporation; Korean: 삼성물산), is a South Korean construction and engineering company. It was founded in 1938 as the first Samsung company and was initially in ...
is listed on the Korea Exchange stock market (000830). Samsung Electro-Mechanics, established in 1973 as a manufacturer of key electronic components, is headquartered in Suwon
Suwon (, ) is the capital and largest city of Gyeonggi-do, South Korea's most populous province which surrounds Seoul, the national capital. Suwon lies about south of Seoul. It is traditionally known as "The City of Filial Piety". With a populati ...
, Gyeonggi Province, South Korea. It is listed on the Korea Exchange stock market (number 009150). Samsung Advanced Institute of Technology
The Samsung Group (or simply Samsung) ( ko, 삼성 ) is a South Korean multinational manufacturing conglomerate headquartered in Samsung Town, Seoul, South Korea. It comprises numerous affiliated businesses, most of them united under the ...
(SAIT), established in 1987, is headquartered in Suwon and operates research labs around the world.
Ace Digitech is listed on the Korea Exchange stock market (number 036550). Cheil Industries
Cheil Industries was an affiliate of the Samsung Group.
Since its establishment in 1954, Cheil Industries has been a Korean textile firm.
Thereafter, from the 1980s, the company expanded its business areas into fashion, chemicals and electroni ...
is listed on the Korea Exchange stock market (number 001300). Cheil Worldwide
Cheil Worldwide Inc. () is a marketing company under the Samsung Group that offers advertising, public relations, shopper marketing, sports marketing, digital marketing, etc. It was established in 1973 with headquarters in Seoul, South Korea.
It ...
is listed on the Korea Exchange stock market (number 030000). Credu is listed on the Korea Exchange stock market (number 067280). Imarket Korea is listed on the Korea Exchange stock market (number 122900). Samsung Card
Samsung Card Co, Ltd. (Hangul: 삼성카드) is a South Korean credit card company. Samsung Card was established in 1988 as a technical and business company licensed by Samsung Electronics. Headquartered in Seoul, South Korea, Samsung Card merged ...
is listed on the Korea Exchange stock market (number 029780).
Hotel Shilla (also known as "The Shilla") opened in March 1979, following the intention of the late Lee Byung-chul, the founder of the Samsung Group. Shilla Hotels and Resorts is listed on the Korea Exchange stock market (number 008770).
Samsung C&T Corporation
Samsung C&T Corporation ("Construction & Trading Corporation"; formerly Samsung Corporation; Korean: 삼성물산), is a South Korean construction and engineering company. It was founded in 1938 as the first Samsung company and was initially in ...
covers the three main sectors of Environment & Asset, Food Culture and Resort.
The Samsung Medical Center
Samsung Medical Center (SMC) is a tertiary hospital located in Irwon-Dong of Gangnam-Gu, Seoul, South Korea. SMC is composed of Samsung Seoul Hospital, Kangbook Samsung Hospital, Samsung Changwon Hospital, and Samsung Life Sciences Research Cent ...
was founded on 9 November 1994, under the philosophy of "contributing to improving the nation's health through the best medical service, advanced medical research and development of outstanding medical personnel". The Samsung Medical Center consists of a hospital and a cancer center, which is the largest in Asia. The hospital is located in an intelligent building with floor space of more than 200,000 square meters and 20 floors above ground and 5 floors underground, housing 40 departments, 10 specialist centers, 120 special clinics and 1,306 beds. The 655-bed Cancer Center has 11 floors above ground and 8 floors underground, with floor space of over 100,000 square meters. SMC is a tertiary hospital manned by approximately 7,400 staff including over 1,200 doctors and 2,300 nurses. Since its foundation in the 1990s, the Samsung Medical Center has successfully incorporated and developed an advanced model with the motto of becoming a "patient-centered hospital", a new concept in Korea. Samsung donates around US$100 million per annum to the Samsung Medical Center. It incorporates Samsung Seoul Hospital, Kangbuk Samsung Hospital, Samsung Changwon Hospital, Samsung Cancer Center and Samsung Life Sciences Research Center. In 2010, the Samsung Medical Center and pharmaceutical multinational Pfizer
Pfizer Inc. ( ) is an American multinational pharmaceutical and biotechnology corporation headquartered on 42nd Street in Manhattan, New York City. The company was established in 1849 in New York by two German entrepreneurs, Charles Pfizer ...
agreed to collaborate on research to identify the genomic mechanisms responsible for clinical outcomes in hepatocellular carcinoma
Hepatocellular carcinoma (HCC) is the most common type of primary liver cancer in adults and is currently the most common cause of death in people with cirrhosis. HCC is the third leading cause of cancer-related deaths worldwide.
It occurs in t ...
.
File:Dtssbld.jpg, Samsung Taepyeong-ro HQ in Jung District, Seoul
File:Samsung Engineering India office.jpg, Samsung Engineering India Office in New Delhi
New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament House ...
, India
File:Samsung japan headquarter.JPG, Samsung Japan's regional HQ at Roppongi
is a district of Minato, Tokyo, Japan, famous for the affluent Roppongi Hills development area and popular night club scene. A few foreign embassies are located near Roppongi, and the night life is popular with locals and foreigners alike. It is ...
, Minato
Minato (港 or 湊) is Japanese for 'harbor', and may refer to:
Places
* Minato, Tokyo or Minato City, a special ward in Tokyo, Japan
* Minato-ku, Nagoya, a ward of Nagoya, Japan
* Minato-ku, Osaka, a ward of Osaka, Japan
* Minato (湊), a neig ...
, Tokyo
Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.468 ...
, Japan
File:3 Church Street.JPG, The Samsung Hub, formerly 3 Church Street, is a skyscraper
A skyscraper is a tall continuously habitable building having multiple floors. Modern sources currently define skyscrapers as being at least or in height, though there is no universally accepted definition. Skyscrapers are very tall high-ris ...
located in the Downtown Core of Singapore.
Divested
Hanhwa Techwin
, former_name = Korea Explosives Group
, type = Public
, traded_as =
, industry = Conglomorate
, founded =
, founder = Kim Chong-hee
, hq_location_city = Seoul
, hq_location_country = South Korea
, area_served = Global
, key_people = K ...
was listed on the Korea Exchange
Korea Exchange (KRX) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul.
History
The Korea Exchange was created through the integration of Ko ...
stock-exchange (number 012450), with its principal activities being the development and manufacture of surveillance
Surveillance is the monitoring of behavior, many activities, or information for the purpose of information gathering, influencing, managing or directing. This can include observation from a distance by means of electronic equipment, such as c ...
(including security cameras), aeronautics
Aeronautics is the science or art involved with the study, design, and manufacturing of air flight–capable machines, and the techniques of operating aircraft and rockets within the atmosphere. The British Royal Aeronautical Society identifies ...
, optoelectronics, automation
Automation describes a wide range of technologies that reduce human intervention in processes, namely by predetermining decision criteria, subprocess relationships, and related actions, as well as embodying those predeterminations in machines ...
s and weapons technology. It was announced to be sold to Hanwha Group in December 2014 and the take-over completed in June 2015. It was later renamed Hanwha Techwin.
Samsung Thales Co., Ltd. (until 2001 known as Samsung Thomson-CSF Co., Ltd., Currently owned by the Hanwha group) was a joint venture between Samsung Techwin and the France-based aerospace and defence company Thales
Thales of Miletus ( ; grc-gre, Θαλῆς; ) was a Greek mathematician, astronomer, statesman, and pre-Socratic philosopher from Miletus in Ionia, Asia Minor. He was one of the Seven Sages of Greece. Many, most notably Aristotle, regarded him ...
. It was established in 1978 and is based in Seoul. Samsung's involvement was passed on to Hanwha Group as part of the Techwin transaction.
Samsung General Chemicals was sold to Hanwha. Another chemical division was sold to Lotte Corporation
Lotte Corporation (or Lotte Group) is a South Korean multinational corporation, multinational conglomerate (company), conglomerate corporation, and the fifth-largest chaebol in South Korea. Lotte began its history on June 28, 1948, by Kore ...
in 2016.
Hanhwa Total
, former_name = Korea Explosives Group
, type = Public
, traded_as =
, industry = Conglomorate
, founded =
, founder = Kim Chong-hee
, hq_location_city = Seoul
, hq_location_country = South Korea
, area_served = Global
, key_people = ...
was a 50/50 joint venture between Samsung and the France-based oil group TotalEnergies
TotalEnergies SE is a French Multinational corporation, multinational integrated energy and List of oil exploration and production companies, petroleum company founded in 1924 and one of the seven Big Oil, supermajor oil companies. Its businesses ...
(more specifically, Samsung General Chemicals and Total Petrochemicals). Samsung's stake was inherited by Hanwha Group in its acquisition of Samsung General Chemicals.
Defunct
In 1998, Samsung created a U.S. joint venture with Compaq
Compaq Computer Corporation (sometimes abbreviated to CQ prior to a 2007 rebranding) was an American information technology company founded in 1982 that developed, sold, and supported computers and related products and services. Compaq produced ...
, called Alpha Processor Inc. (API), to help it enter the high-end processor market. The venture was also aimed at expanding Samsung's non-memory chip business by fabricating DEC Alpha
Alpha (original name Alpha AXP) is a 64-bit reduced instruction set computer (RISC) instruction set architecture (ISA) developed by Digital Equipment Corporation (DEC). Alpha was designed to replace 32-bit VAX complex instruction set computers ...
s. At the time, Samsung and Compaq invested $500 million in Alpha Processor.
GE Samsung Lighting was a joint venture between Samsung and the GE Lighting subsidiary of General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energ ...
. The venture was established in 1998 and was broken up in 2009.
Global Steel Exchange was a joint venture formed in 2000 between Samsung, the U.S.-based Cargill
Cargill, Incorporated, is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865, it is the largest privately held corporation in the United States in ter ...
, the Switzerland-based Duferco Group, and the Luxembourg-based Tradearbed (now part of the ArcelorMittal
ArcelorMittal S.A. is a Luxembourgian multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel. ArcelorMittal is the second larg ...
), to handle their online buying and selling of steel.
was a subsidiary of Samsung until 1999 when it became independent. After that, it continued to make computer monitors and plasma displays until 2003, Samtron became Samsung when Samtron was a brand. In 2003 the website redirected to Samsung.
S-LCD Corporation
Samsung Display (Hangul: 삼성디스플레이), formerly S-LCD Corporation (Hangul: 에스 엘시디, Japanese: エス・エルシーディー), is a South Korean manufacturer of OLED panels and formerly a manufacturer of amorphous TFT LCD panels ...
was a joint venture between Samsung Electronics (50% plus one share) and the Japan-based Sony
, commonly stylized as SONY, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. As a major technology company, it operates as one of the world's largest manufacturers of consumer and professional ...
Corporation (50% minus one share) which was established in April 2004. On 26 December 2011, Samsung Electronics announced that it would acquire all of Sony's shares in the venture.
Joint ventures
Samsung Fine Chemicals is listed on the Korea Exchange stock-exchange (number 004000).
Samsung Machine Tools of America is a national distributor of machines in the United States. Samsung GM Machine Tools is the head office of China, It is an SMEC Legal incorporated company.
Samsung Securities is listed on the Korea Exchange stock-exchange (number 016360).
S-1 was founded as Korea's first specialized security business in 1997 and has maintained its position at the top of industry with the consistent willingness to take on challenges. S1 Corporation is listed on the Korea Exchange stock-exchange (number 012750.KS).
State-run Korea Agro-Fisheries Trade Corp. set up the venture, aT Grain Co., in Chicago
(''City in a Garden''); I Will
, image_map =
, map_caption = Interactive Map of Chicago
, coordinates =
, coordinates_footnotes =
, subdivision_type = Country
, subdivision_name ...
, with three other South Korean companies, Korea Agro-Fisheries owns 55 percent of aT Grain, while Samsung C&T Corp, Hanjin Transportation Co. and STX Corporation each hold 15 percent.
Brooks Automation Asia Co., Ltd. is a joint venture between Brooks Automation (70%) and Samsung (30%) which was established in 1999. The venture locally manufactures and configure vacuum wafer handling platforms and 300mm Front-Opening Unified Pod (FOUP) load port modules, and designs, manufactures and configures atmospheric loading systems for flat panel displays
A flat-panel display (FPD) is an electronic display device, display used to display visual content such as text or images. It is present in consumer, medical, transportation, and industrial equipment.
Flat-panel displays are thin, lightweight, p ...
.
Company POSS – SLPC s.r.o. was founded in 2007 as a subsidiary of Samsung C & T Corporation, Samsung C & T Deutschland and the company POSCO
POSCO (formerly Pohang Iron and Steel Company) is a South Korean steel-making company headquartered in Pohang, South Korea. It had an output of of crude steel in 2015, making it the world's fourth-largest steelmaker by this measure. In 2010, i ...
.
Samsung BP Chemicals, based in Ulsan
Ulsan (), officially the Ulsan Metropolitan City is South Korea's seventh-largest metropolitan city and the eighth-largest city overall, with a population of over 1.1 million inhabitants. It is located in the south-east of the country, neighboring ...
, is a 49:51 joint venture between Samsung and the UK-based BP, which was established in 1989 to produce and supply high-value-added chemical products. Its products are used in rechargeable batteries and liquid crystal displays.
Samsung Corning Precision Glass is a joint venture between Samsung and Corning, which was established in 1973 to manufacture and market cathode ray tube glass for black and white televisions. The company's first LCD glass substrate manufacturing facility opened in Gumi Gumi may refer to:
* Gumi, Iran, a village in South Khorasan Province, Iran
* Gumi, Nepal, a village development committee in Surkhet District, Bheri Zone, Nepal
* Gumi, North Gyeongsang, a city in Gyeongsangbuk-do, South Korea
** Gumi University
* ...
, South Korea, in 1996.
Samsung Sumitomo LED Materials is a Korea-based joint venture between Samsung LED Co., Ltd., an LED maker based in Suwon
Suwon (, ) is the capital and largest city of Gyeonggi-do, South Korea's most populous province which surrounds Seoul, the national capital. Suwon lies about south of Seoul. It is traditionally known as "The City of Filial Piety". With a populati ...
, Korea-based and the Japan-based Sumitomo Chemical
is a major Japanese chemical company. The company is listed on the first section of the Tokyo Stock Exchange and is a constituent of the on the Nikkei 225 stock index. It's a member of the Sumitomo group and was founded in 1913 as a fertilize ...
. The JV will carry out research and development, manufacturing and sales of sapphire substrates for LEDs.
SD Flex Co., Ltd. was founded in October 2004 as a joint venture corporation by Samsung and DuPont
DuPont de Nemours, Inc., commonly shortened to DuPont, is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in ...
, one of the world's largest chemical companies.
Sermatech Korea owns 51% of its stock, while Samsung owns the remaining 49%. The U.S. firm Sermatech International, for a business specializing in aircraft construction processes such as special welding and brazing.
Siltronic Samsung Wafer Pte. Ltd, the joint venture by Samsung and wholly owned Wacker Chemie
Wacker Chemie AG is a German multinational chemical company which was founded in 1914 by Alexander Wacker. The company is controlled by the Wacker family holding more than 50 percent of the shares. The corporation is operating more than 25 prod ...
subsidiary Siltronic, was officially opened in Singapore in June 2008.
SMP Ltd. is a joint venture between Samsung Fine Chemicals and MEMC. In 2011, MEMC Electronic Materials Inc. and an affiliate of Korean conglomerate Samsung formed a joint venture to build a polysilicon
Polycrystalline silicon, or multicrystalline silicon, also called polysilicon, poly-Si, or mc-Si, is a high purity, polycrystalline form of silicon, used as a raw material by the solar photovoltaic and electronics industry.
Polysilicon is produce ...
plant.
Stemco is a joint venture established between Samsung Electro-Mechanics and Toray Industries in 1995.
SB LiMotive
SB LiMotive was a 50:50 joint company of Bosch and Samsung SDI founded in June 2008. The joint venture developed and manufactured lithium-ion batteries for use in hybrid-, plug-in hybrid vehicles and electric vehicles. It was officially ended in ...
is a 50:50 joint company of Robert Bosch GmbH
Robert Bosch GmbH (; ), commonly known as Bosch and stylized as BOSCH, is a German multinational engineering and technology company headquartered in Gerlingen, Germany. The company was founded by Robert Bosch in Stuttgart in 1886. Bosch is 9 ...
(commonly known as Bosch) and Samsung SDI founded in June 2008. The joint venture develops and manufactures lithium-ion batteries
A lithium-ion or Li-ion battery is a type of rechargeable battery which uses the reversible reduction of lithium ions to store energy. It is the predominant battery type used in portable consumer electronics and electric vehicles. It also se ...
for use in hybrid-, plug-in hybrid vehicles
A hybrid vehicle is one that uses two or more distinct types of power, such as submarines that use diesel when surfaced and batteries when submerged. Other means to store energy include pressurized fluid in hydraulic hybrids.
The basic princip ...
and electric vehicles.
Partially owned companies
Samsung Heavy Industries owns 10% of the Brazilian shipbuilder Atlântico Sul, whose Atlântico Sul Shipyard is the largest shipyard
A shipyard, also called a dockyard or boatyard, is a place where ships are built and repaired. These can be yachts, military vessels, cruise liners or other cargo or passenger ships. Dockyards are sometimes more associated with maintenance a ...
in South America. The ''Joao Candido'', Brazil's largest ship, was built by Atlântico Sul with technology licensed by Samsung Heavy Industries. The companies have a technical assistance agreement through which industrial design, vessel engineering and other know-how is being transferred to Atlântico Sul.
Samsung Life Insurance currently holds a 7.4% stake in the South Korean banking company DGB Financial Group
DGB Financial Group (Korean: DGB금융그룹,( abbreviated as DGBFG) is a South Korean banking holding company headquartered in Daegu. Its flagship company, Daegu Bank, is one of the largest regional banks in the country, mostly serving custome ...
, making it the largest shareholder. DGB Financial Group is a Korea-based company that specialises in banking. The company is divided into six segments of operation and each segment's primary source of funds come from general public deposits.
Samsung acquired 7.4% of Gorilla Glass maker Corning, signing a long-term supply deal. Corning is an American company that is experienced in glass chemistry, ceramics science, and optical physics, as well as its manufacturing and engineering, to create goods that support industries and improve living standards. Corning is committed to long-term research and development.
Samsung Heavy Industries currently holds a 14.1% stake in Doosan Engine, making it the second-largest shareholder. Doosan Group is a South Korean company found in 1896 by Park Seung-jik. The company specializes in heavy industries and construction such as power plants and desalination plants.
MEMC's joint venture with Samsung Electronics Company, Ltd. In 1990, MEMC entered into a joint venture agreement to construct a silicon
Silicon is a chemical element with the symbol Si and atomic number 14. It is a hard, brittle crystalline solid with a blue-grey metallic luster, and is a tetravalent metalloid and semiconductor. It is a member of group 14 in the periodic tab ...
plant in Korea. MEMC Korea Company is a Korean manufacturer and distributor of electronic components, ingots, silicon wafers, and other products.
Samsung buys 10% stake in rival phone maker Pantech
Pantech Inc. ( ko, 주식회사 팬택) is a South Korean company that manufactures mobile phones. Established in 1991, its market is mainly domestic with partners in the United States, Japan, China, Europe and finally Vietnam. In 2012 Pantech wa ...
. Pantech is a South Korean company found in 1991. Pantech manufactures mobile phones and tablets. Pantech serves in many countries, including South Korea, United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
, Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...
, Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...
, Vietnam
Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making i ...
, and China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
.
Samsung currently owns 4.19% of Rambus Incorporated. Rambus Incorporated is an American technology company found in 1990. The company specializes in producing electronic components such as licenses chip interface technologies and architectures used in digital electronic products.
Samsung currently owns 19.9% of the automobile manufacturer Renault Korea Motors
Renault Korea Motors ( ko, 르노코리아자동차), is a South Korean car manufacturer headquartered in Busan where its single assembly site is also located, with additional facilities at Seoul (administration), Giheung (research and develop ...
. Renault Samsung Motors is a South Korean automotive company found in 1994. The company made car related transactions starting in 1998 and since have expanded into a range of cars and electric car models.
Samsung currently owns 9.6% of Seagate Technology
Seagate Technology Holdings plc is an American data storage company. It was incorporated in 1978 as Shugart Technology and commenced business in 1979. Since 2010, the company has been incorporated in Dublin, Ireland, with operational headquart ...
, making it the second-largest shareholder. Under a shareholder agreement, Samsung has the right to nominate an executive to Seagate's board of directors. Seagate Technology is an American company that works in the computer storage industry. Seagate Technology was found in 1979. The company is a major supplier of microcomputers and hard disks.
Samsung owns 3% of Sharp Corporation
is a Japanese multinational corporation that designs and manufactures electronic products, headquartered in Sakai-ku, Sakai, Osaka Prefecture. Since 2016 it has been majority owned by the Taiwan-based Foxconn Group. Sharp employs more than 5 ...
, a rival company to Samsung. Sharp Corporation is a Japanese company found in 1912. The company specializes in designing and manufacturing electronic products, such as phones, microwave ovens, and air conditioners.
Samsung Engineering holds a 10% stake in Sungjin Geotec, an offshore oil drilling company that is a subsidiary of POSCO
POSCO (formerly Pohang Iron and Steel Company) is a South Korean steel-making company headquartered in Pohang, South Korea. It had an output of of crude steel in 2015, making it the world's fourth-largest steelmaker by this measure. In 2010, i ...
. SungJin Geotec is a South Korean company found in 1989. The company specializes in manufacturing and developing offshore facilities, oil sand modules, petrochemical plant
The petrochemical industry is concerned with the production and trade of petrochemicals. A major part is constituted by the plastics industry, plastics (polymer) industry. It directly interfaces with the petroleum industry, especially the downstrea ...
components, and desalination plants
Desalination is a process that takes away mineral components from saline water. More generally, desalination refers to the removal of salts and minerals from a target substance, as in soil desalination, which is an issue for agriculture. Saltwa ...
.
Taylor Energy is an independent American oil company that drills in the Gulf of Mexico
The Gulf of Mexico ( es, Golfo de México) is an oceanic basin, ocean basin and a marginal sea of the Atlantic Ocean, largely surrounded by the North American continent. It is bounded on the northeast, north and northwest by the Gulf Coast of ...
based in , Louisiana. Samsung Oil & Gas USA Corp., subsidiaries of Samsung , currently owns 20% of Taylor Energy. Taylor Energy is an American oil and gas company found in 1979. The company works mainly in the oil drilling industry and drills in the Gulf of Mexico.
Acquisitions and attempted acquisitions
Samsung has made the following acquisitions and attempted acquisitions:
Samsung Techwin
Hanwha Techwin (), founded as Samsung Techwin, is a video surveillance company. It is a subsidiary of Hanwha Group. The company employs 1,822 people and is headquartered in South Korea. Its total sales in 2020 were 529.8 billion South Korean won. ...
acquired the German camera manufacturer Rollei
Rollei () was a German manufacturer of optical instruments founded in 1920 by and in Braunschweig, Lower Saxony, and maker of the Rolleiflex and Rolleicord series of cameras. Later products included specialty and nostalgic type films for the ...
in 1995. Samsung (Rollei
Rollei () was a German manufacturer of optical instruments founded in 1920 by and in Braunschweig, Lower Saxony, and maker of the Rolleiflex and Rolleicord series of cameras. Later products included specialty and nostalgic type films for the ...
) used its optic expertise on the crystals of a new line of 100% Swiss-made watches. But on 11 March 1995, the Cologne
Cologne ( ; german: Köln ; ksh, Kölle ) is the largest city of the German western States of Germany, state of North Rhine-Westphalia (NRW) and the List of cities in Germany by population, fourth-most populous city of Germany with 1.1 m ...
District court prohibited the advertising and sale of Rollei
Rollei () was a German manufacturer of optical instruments founded in 1920 by and in Braunschweig, Lower Saxony, and maker of the Rolleiflex and Rolleicord series of cameras. Later products included specialty and nostalgic type films for the ...
watches on German territory. In 1999, Rollei
Rollei () was a German manufacturer of optical instruments founded in 1920 by and in Braunschweig, Lower Saxony, and maker of the Rolleiflex and Rolleicord series of cameras. Later products included specialty and nostalgic type films for the ...
management bought out the company.
Samsung lost a chance to revive its failed bid to take over Dutch aircraft maker Fokker
Fokker was a Dutch aircraft manufacturer named after its founder, Anthony Fokker. The company operated under several different names. It was founded in 1912 in Berlin, Germany, and became famous for its fighter aircraft in World War I. In 1919 ...
when other airplane makers rejected its offer to form a consortium. The three proposed partners Hyundai, Hanjin and Daewoo notified the South Korean government that they would not join Samsung Aerospace Industries.
Samsung bought a 40% stake in AST Research
AST Research, Inc., later doing business as AST Computer, was a personal computer manufacturer. It was founded in 1980 in Irvine, California by Albert Wong, Safi Qureshey, and Thomas Yuen, as an initialism of their first names. In the 1980s, AS ...
in 1995, in a failed attempt to break into the North American computer market. Samsung was forced to close the California-based computer maker following mass resignations of research staff and a string of losses.
In 1995, Samsung's textile department invested in FUBU
FUBU (, ) is an American hip hop apparel company. FUBU stands for "For Us, By Us" and was created when the founders were brainstorming for a catchy four-letter word following other big brands such as Nike and Coke.Keith Perrin interviewed by Ian ...
, an American hip hop apparel company, after the founder placed an advertisement asking for funding in The New York Times newspaper.
Samsung Securities Co., Ltd. and City of London
The City of London is a city, ceremonial county and local government district that contains the historic centre and constitutes, alongside Canary Wharf, the primary central business district (CBD) of London. It constituted most of London fr ...
-based N M Rothschild & Sons
Rothschild & Co is a multinational Investment banking, investment bank and financial services company, and the flagship of the Rothschild banking group controlled by the French and British branches of the Rothschild family.
The banking business o ...
(more commonly known simply as Rothschild) have agreed to form a strategic alliance in investment banking business. Two parties will jointly work on cross-border mergers and acquisition deals.
In December 2010, Samsung Electronics bought MEDISON Co., a South Korean medical-equipment company, the first step in a long-discussed plan to diversify from consumer electronics. Grandis Inc. – memory developer in July 2011, Samsung announced that it had acquired spin-transfer torque random access memory (MRAM) vendor Grandis Inc. Grandis will become a part of Samsung's R&D operations and will focus on the development of next-generation random-access memory.
On 26 December 2011, the board of Samsung Electronics approved a plan to buy Sony
, commonly stylized as SONY, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. As a major technology company, it operates as one of the world's largest manufacturers of consumer and professional ...
's entire stake in their 2004 joint liquid-crystal display (LCD) venture for 1.08 trillion won ($938.97 million).
On 9 May 2012, mSpot
mSpot Inc. is the developer of Samsung Music Hub – an all-in-one mobile music service that includes a streaming catalog, cloud music storage, radio, and music store. The service was currently available for Samsung smart mobile devices in the U.S. ...
announced that it had been acquired by Samsung Electronics with the intention of a cloud-based music service. The succeeding service was Samsung Music Hub
Music Hub was a cloud-based music service launched by Samsung. It allowed users to listen to music from a variety of Samsung devices. According to its website, it wanted to create an integrated mobile and web service for listening to music.
Histo ...
.
In December 2012, Samsung announced that it had acquired the privately held storage software vendor NVELO, Inc., based in Santa Clara, California
Santa Clara (; Spanish for " Saint Clare") is a city in Santa Clara County, California. The city's population was 127,647 at the 2020 census, making it the eighth-most populous city in the Bay Area. Located in the southern Bay Area, the cit ...
. NVELO will become part of Samsung's R&D operations, and will focus on software for intelligently managing and optimizing next-generation Samsung SSD storage subsystems for consumer and enterprise computing platforms.
In January 2013, Samsung announced that it has acquired medical imaging
Medical imaging is the technique and process of imaging the interior of a body for clinical analysis and medical intervention, as well as visual representation of the function of some organs or tissues (physiology). Medical imaging seeks to rev ...
company NeuroLogica
Steven Paul Novella (born July 29, 1964) is an American clinical neurologist and associate professor at Yale University School of Medicine. Novella is best known for his involvement in the skeptical movement as a host of ''The Skeptics' Guide t ...
, part of the multinational conglomerate's plans to build a leading medical technology business. Terms of the deal were not disclosed.
On 14 August 2014, Samsung acquired SmartThings
SmartThings Inc. is an American home automation company headquartered in Mountain View, California with a software development center in Minneapolis, Minnesota. Founded in 2012, it focuses on the development of eponymous automation software and a ...
, a fast-growing home automation startup. The company did not release the acquisition price, but TechCrunch reported a $200 million price tag when it first caught word of the deal in July 2014.
On 19 August 2014, Samsung said it had acquired U.S. air conditioner distributor Quietside LLC as part of its push to strengthen its "smart home" business. A Samsung Electronics spokesman said the South Korean company acquired 100 percent of Quietside.
On 3 November 2014, Samsung announced it had acquired Proximal Data
Standard anatomical terms of location are used to unambiguously describe the anatomy of animals, including humans. The terms, typically derived from Latin or Greek roots, describe something in its standard anatomical position. This position pro ...
, Inc., a San Diego, California-based pioneer of server-side caching software with I/O intelligence that work within virtualized systems.
On 18 February 2015, Samsung acquired U.S.-based mobile payments firm LoopPay – This allows Samsung in smartphone transactions.
On 5 March 2015, Samsung acquired small U.S.-based manufacturer of light-emitting diode displays, YESCO Electronics
YESCO is a privately owned manufacturer of electric signs based in Salt Lake City, founded by Thomas Young in 1920. The company provides design, fabrication, installation and maintenance of signs.
Many notable sign projects have been produce ...
, which focuses on making digital billboards and message signs.
On 5 October 2016, Samsung announced it had acquired Viv
VIV or Viv may refer to:
People
* Viv (given name), a list of people and fictional characters
* Viv., the standard author abbreviation of Domenico Viviani (1772–1840), Italian botanist and naturalist
Places
* 2558 Viv, a main belt asteroid
* ...
, a company working on artificial intelligence
Artificial intelligence (AI) is intelligence—perceiving, synthesizing, and inferring information—demonstrated by machines, as opposed to intelligence displayed by animals and humans. Example tasks in which this is done include speech re ...
.
On 15 November 2016, Samsung Canada announced it has acquired Rich Communications Services
Rich Communication Services (RCS) is a communication protocol between mobile telephone carriers and between phone and carrier, aiming at replacing SMS messages with a text-message system that is richer, provides phonebook polling (for service di ...
, a company working on a new technology for text messaging.
Major clients
Major clients of Samsung include:
; Royal Dutch Shell
: Samsung Heavy Industries will be the sole provider of liquefied natural gas (LNG) storage facilities worth up to US$50 billion to Royal Dutch Shell
Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New Yo ...
for the next 15 years.
:Shell unveiled plans to build the world's first floating liquefied natural gas
A floating liquefied natural gas (FLNG) facility, is a floating production storage and offloading unit that conducts liquefied natural gas (LNG) operations for developing offshore natural gas resources. Floating above an offshore natural gas fie ...
(FLNG) platform. In October 2012 at Samsung Heavy Industries' shipyard on Geoje Island in South Korea work started on a "ship" that, when finished and fully loaded, will weigh 600,000 tonnes, the world's biggest "ship". That is six times larger than the largest U.S. aircraft carrier
An aircraft carrier is a warship that serves as a seagoing airbase, equipped with a full-length flight deck and facilities for carrying, arming, deploying, and recovering aircraft. Typically, it is the capital ship of a fleet, as it allows a ...
.
United Arab Emirates government
: A consortium of South Korean firms, including Samsung, Korea Electric Power Corporation and Hyundai Hyundai is a South Korean industrial conglomerate ("chaebol"), which was restructured into the following groups:
* Hyundai Group, parts of the former conglomerate which have not been divested
** Hyundai Mobis, Korean car parts company
** Hyundai ...
, won a deal worth $40 billion to build nuclear power plant
A nuclear power plant (NPP) is a thermal power station in which the heat source is a nuclear reactor. As is typical of thermal power stations, heat is used to generate steam that drives a steam turbine connected to a electric generator, generato ...
s in the United Arab Emirates.
Ontario government
: The government of the Canadian province
Within the geographical areas of Canada, the ten provinces and three territories are sub-national administrative divisions under the jurisdiction of the Canadian Constitution. In the 1867 Canadian Confederation, three provinces of British North ...
of Ontario
Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central Ca ...
signed off one of the world's largest renewable energy
Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...
projects, signing a deal worth $6.6 billion for an additional of new wind and solar energy
Solar energy is radiant light and heat from the Sun that is harnessed using a range of technologies such as solar power to generate electricity, solar thermal energy (including solar water heating), and solar architecture. It is an essenti ...
. Under the agreement, a consortium led by Samsung and the Korea Electric Power Corporation will manage the development of -worth of new wind farm
A wind farm or wind park, also called a wind power station or wind power plant, is a group of wind turbines in the same location used Wind power, to produce electricity. Wind farms vary in size from a small number of turbines to several hundre ...
s and of solar capacity, while also building a manufacturing supply chain in the province.
Corporate image
File:Past(1938) samsung logo.PNG, First Samsung logo
File:Samsung logo (1960s).png, 1960s–1993, as corporate logo
File:Past(1969-79) samsung logo.PNG, 1970s
File:Samsung-old.gif, 1980–1993, as Samsung Electronics logo
File:Samsung Logo.svg, 1993–current, though still used by other Samsung companies than its electronics segment
File:Samsung wordmark.svg, 2015–current, Samsung Electronics's wordmark and current corporate logo
The basic color in the logo is blue, which Samsung has employed for years, supposedly symbolizing stability, reliability and corporate social responsibility
Corporate social responsibility (CSR) is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethicall ...
.
Audio logo
Samsung has an audio logo, which consists of the notes E♭, A♭, D♭, E♭; after the initial E♭ tone it is up a perfect fourth to A♭, down a perfect fifth to D♭, then up a major second to return to the initial E♭ tone. The audio logo was produced by Musikvergnuegen
Musikvergnuegen (), sometimes abbreviated to ''MusikV'', is a music and sound design production company located in Los Angeles, California. The company name translates into English as "enjoyment of music". It was founded by Austrian-born composer W ...
and written by Walter Werzowa
Walter Werzowa (born 15 December 1960) is an Austrian composer, producer and owner of LA-based music production studio Musikvergnuegen. He is most famous for composing the "Intel bong" jingle and the 1980s hit " Bring Me Edelweiss" as part of the ...
. This audio logo is discontinued as of 2015.
Font
In 2014, Samsung unveiled its Samsung Sharp Sans font.
In July 2016, Samsung unveiled its SamsungOne font, a typeface that hopes to give a consistent and universal visual identity to the wide range of Samsung products. SamsungOne was designed to be used across Samsung's diverse device portfolio, with a focus on legibility for everything from smaller devices like smartphones to larger connected TVs or refrigerators, as well as Samsung marketing and advertisements. The font family supports 400 different languages through over 25,000 characters.
Sponsorships
Samsung Electronics
Samsung Electronics Co., Ltd. (, sometimes shortened to SEC and stylized as SΛMSUNG) is a South Korean multinational corporation, multinational electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea. It is the pinnacle of ...
spent an estimated $14 billion (U.S.) on advertising and marketing
Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emph ...
in 2013. At 5.4% of annual revenue, this is a larger proportion than any of the world's top-20 companies by sales (Apple
An apple is an edible fruit produced by an apple tree (''Malus domestica''). Apple fruit tree, trees are agriculture, cultivated worldwide and are the most widely grown species in the genus ''Malus''. The tree originated in Central Asia, wh ...
spent 0.6% and General Motors
The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...
spent 3.5%). Samsung became the world's biggest advertiser in 2012, spending $4.3 billion, compared to Apple's $1 billion. Samsung's global brand value of $39.6 billion is less than half that of Apple.
Controversies
Labor abuses
Samsung was the subject of several complaints about child labor in its supply chain from 2012 to 2015.
In July 2014, Samsung cut its contract with Shinyang Electronics after it received a complaint about the company violating child labor laws. Samsung says that its investigation turned up evidence of Shinyang using underage workers and that it severed relations immediately per its "zero tolerance" policy for child labor violations.
One of Samsung's Chinese supplier factories, HEG, was criticized for using underage workers by China Labor Watch
China Labor Watch (CLW) is a New York City, New York-based non-government organization founded by labor activist Li Qiang in October 2000. Its mission is the defense of workers' rights in China. Through research, advocacy and legal assistance, C ...
(CLW) in July 2014. HEG denied the charges and has sued China Labor Watch. CLW issued a statement in August 2014 claiming that HEG employed over ten children under the age of 16 at a factory in Huizhou, Guangdong
Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) ...
. The group said the youngest child identified was 14 years old. Samsung said that it conducted an onsite investigation of the production line that included one-on-one interviews but found no evidence of child labor being used. CLW responded that HEG had already dismissed the workers described in its statement before Samsung's investigators arrived.
CLW also claimed that HEG violated overtime rules for adult workers. CLW said a female college student was only paid her standard wage despite working four hours of overtime per day even though Chinese law requires overtime pay at 1.5 to 2.0 times standard wages.
In 2020, the Australian Strategic Policy Institute
The Australian Strategic Policy Institute (ASPI) is a defence and strategic policy think tank based in Canberra, Australian Capital Territory, founded by the Australian government and funded by the Australian and overseas governments, industry ...
accused at least 82 major brands, including Samsung, of being connected to forced Uyghur labor in Xinjiang
Xinjiang, SASM/GNC: ''Xinjang''; zh, c=, p=Xīnjiāng; formerly romanized as Sinkiang (, ), officially the Xinjiang Uygur Autonomous Region (XUAR), is an autonomous region of the People's Republic of China (PRC), located in the northwest ...
.
Union-busting activity
Samsung has a no-union policy and has been engaged in union-busting activities around the world. Samsung has also been sued by a union for stealing the corpse of a dead worker. On 6 May 2020, Samsung vice chairman Lee Jae-yong
Lee Jae-yong (; born 23 June 1968), known professionally in the West as Jay Y. Lee, is a South Korean business magnate and the
chairman of Samsung Electronics. He is the only son of Hong Ra-hee and Lee Kun-hee, chairman of Samsung until his d ...
apologized for the union-busting scandals.
2007 Slush Fund scandal
Kim Yong-chul, the former head of the legal department at Samsung's Restructuring Office, and Catholic Priests Association for Justice Catholic Priests' Association for Justice (CPAJ; ko, 천주교정의구현전국사제단) is a South Korean association of Catholic priests, whose aim is to establish justice in Korea.
History
It was established on September 26, 1974 as an attemp ...
uncovered Lee Kun-hee's slush fund on 29 October 2007. He presented a list of 30 artworks that the Lee family purchased with some of the slush funds, which were to be found in Samsung's warehouse in south of Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 ...
, along with documents about bribes to prosecutors, judges and lawmakers, tax collectors with thousands of borrowed-named bank account.
The court sentenced Lee Kun-hee to 3 years imprisonment, 5 years probation imprisonment, and fined him 11 billion won. But on 29 December 2009, the South Korean president Lee Myung-bak
Lee Myung-bak (; ; ; born 19 December 1941) is a South Korean businessman and politician who served as the 10th president of South Korea from 2008 to 2013. Before his presidency, he was the CEO of Hyundai Engineering and Construction, and the ma ...
specially pardoned Lee, stating that the intent of the pardon was to allow Lee to remain on the International Olympic Committee
The International Olympic Committee (IOC; french: link=no, Comité international olympique, ''CIO'') is a non-governmental sports organisation based in Lausanne, Switzerland. It is constituted in the form of an association under the Swiss ...
. It is the only independent amnesty to have occurred in South Korean history.
Kim Yong-chul published a book 'Thinking about Samsung' in 2010. He wrote detailed accounts of Samsung's behavior and how the company lobbied governmental authorities including the court officials, prosecutors and national tax service officials for transferring Samsung's management rights to Lee Jae-yong
Lee Jae-yong (; born 23 June 1968), known professionally in the West as Jay Y. Lee, is a South Korean business magnate and the
chairman of Samsung Electronics. He is the only son of Hong Ra-hee and Lee Kun-hee, chairman of Samsung until his d ...
.
Lee Kun-hee's prostitution scandal
In July 2016, the investigative journal KCIJ-Newstapa released a video of Samsung chairman Lee Kun-hee's prostitution and alleged years long employment of female sex workers. On 12 April 2018, Supreme Court of Korea sentenced the former general manager of CJ CheilJedang, who filmed the prostitution video, to four years and six months in prison for blackmail and intimidation.
Supporting far-right groups
The investigative team of special prosecutors looking into the 2016 South Korean political scandal
Sixteen or 16 may refer to:
*16 (number), the natural number following 15 and preceding 17
*one of the years 16 BC, AD 16, 1916, 2016
Films
* '' Pathinaaru'' or ''Sixteen'', a 2010 Tamil film
* ''Sixteen'' (1943 film), a 1943 Argentine film di ...
announced that the Blue House
Cheong Wa Dae ( ko, 청와대; Hanja: ; ), also known as the Blue House, is a public park that formerly served as the executive office and official residence of the president of South Korea from 1948 to 2022. It is located in the Jongno distri ...
received money from South Korea’s four largest chaebols (Samsung, Hyundai Motor Group
The Hyundai Motor Group (HMG; ; ; stylized as HYUΠDAI) is a South Korean '' chaebol'' (loosely similar to a multinational conglomerate but without a central holding company or ownership structure) headquartered in Seoul, South Korea.
The HM ...
, SK Group and LG Group
LG Corporation (or LG Group) (), formerly Lucky-Goldstar from 1983 to 1995 (Korean: ''Leokki Geumseong''; ), is a South Korean multinational conglomerate founded by Koo In-hwoi and managed by successive generations of his family. It is ...
) to fund pro-government demonstrations by conservative and far-right organizations such as the Korean Parent Federation (KPF) and the Moms Brigade.
Price fixing
On 19 October 2011, Samsung companies were fined €145,727,000 for being part of a price cartel of ten companies for DRAM
Dynamic random-access memory (dynamic RAM or DRAM) is a type of random-access semiconductor memory that stores each bit of data in a memory cell, usually consisting of a tiny capacitor and a transistor, both typically based on metal-oxid ...
s which lasted from 1 July 1998 to 15 June 2002. The companies received, like most of the other members of the cartel, a 10% reduction for acknowledging the facts to investigators. Samsung had to pay 90% of their share of the settlement, but Micron avoided payment as a result of having initially revealed the case to investigators.
In Canada, during 1999, some DRAM
Dynamic random-access memory (dynamic RAM or DRAM) is a type of random-access semiconductor memory that stores each bit of data in a memory cell, usually consisting of a tiny capacitor and a transistor, both typically based on metal-oxid ...
microchip manufacturers conspired to price fix, among the accused included Samsung. The price fix was investigated in 2002. A recession started to occur that year, and the price fix ended; however, in 2014, the Canadian government reopened the case and investigated silently. Sufficient evidence was found and presented to Samsung and two other manufacturers during a class action lawsuit
A class action, also known as a class-action lawsuit, class suit, or representative action, is a type of lawsuit where one of the parties is a group of people who are represented collectively by a member or members of that group. The class action ...
hearing. The companies agreed upon a $120 million agreement, with $40 million as a fine, and $80 million to be paid back to Canadians who purchased a computer, printer, MP3 player, gaming console or camera from April 1999 to June 2002.
Misleading claims
In Australia during 2022, Australia's competition and consumer commission fined Samsung AU$14 million. The fine came due to misleading water resistance claims for over 3.1 million smartphones. The commission stated that during 2016–2018 the company advertised its Galaxy S7, S7 Edge, A5, A7, S8, S8 Plus and Note 8 devices as able to survive short immersion in water. However, after many user complaints about the devices having issues after water submersion, such as charger port corrosion. The ACC have officially labelled the fact these devices have "water resistance" listed as a feature misleading and proceeded with the fine.
References
Samsung Announces 2022 Neo QLED TV Line-Up Across EuropeBreaking the Rules with Samsung Galaxy Tab S8 Series: The Biggest, Boldest, Most Versatile Galaxy Tablet Ever
External links
*
{{Authority control
1938 establishments in Korea
Companies based in Seoul
Conglomerate companies established in 1938
Conglomerate companies of South Korea
Holding companies of South Korea
Multinational companies headquartered in South Korea
Lee family (South Korea)
Mobile phone manufacturers