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Samsung
Samsung
(Hangul: 삼성; Hanja: 三星; Korean pronunciation: [samsʌŋ]) is a South Korean multinational conglomerate headquartered in Samsung
Samsung
Town, Seoul.[1] It comprises numerous affiliated businesses,[1] most of them united under the Samsung
Samsung
brand, and is the largest South Korean chaebol (business conglomerate). Samsung
Samsung
was founded by Lee Byung-chul
Lee Byung-chul
in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities and retail. Samsung
Samsung
entered the electronics industry 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
Samsung
was separated into four business groups – Samsung Group, Shinsegae
Shinsegae
Group, CJ Group
CJ Group
and Hansol
Hansol
Group. 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. As of 2017, Samsung
Samsung
has the 6th highest global brand value.[4] Notable Samsung
Samsung
industrial affiliates include Samsung Electronics
Samsung Electronics
(the world's 2nd largest information technology company measured by 2015 revenues, and 5th in market value),[5] Samsung Heavy Industries
Samsung Heavy Industries
(the world's 2nd largest shipbuilder measured by 2010 revenues),[6] and Samsung Engineering
Samsung Engineering
and Samsung
Samsung
C&T (respectively the world's 13th and 36th largest construction companies).[7] Other notable subsidiaries include Samsung Life Insurance
Samsung Life Insurance
(the world's 14th largest life insurance company),[8] Samsung Everland
Samsung Everland
(operator of Everland Resort, the oldest theme park in South Korea)[9] and Cheil Worldwide (the world's 15th largest advertising agency measured by 2012 revenues).[10][11] Samsung
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".[12][13] Its affiliate companies produce around a fifth of South Korea's total exports.[14] Samsung's revenue was equal to 17% of South Korea's $1,082 billion GDP.[15]

Contents

1 Etymology 2 History

2.1 1938 to 1970 2.2 1970 to 1990 2.3 1990 to 2000 2.4 2000 to 2015 2.5 2016 to present

3 Acquisitions and attempted acquisitions 4 Sold parts

4.1 Samsung
Samsung
Techwin 4.2 Samsung
Samsung
Thales 4.3 Samsung
Samsung
General Chemicals 4.4 Samsung
Samsung
Total

5 Operations

5.1 Affiliates

5.1.1 Samsung
Samsung
Electronics 5.1.2 Samsung
Samsung
Engineering 5.1.3 Samsung
Samsung
Everland 5.1.4 Samsung
Samsung
Fine Chemicals 5.1.5 Samsung
Samsung
Fire & Marine Insurance 5.1.6 Samsung
Samsung
Heavy Industries 5.1.7 Samsung
Samsung
Life Insurance 5.1.8 Samsung
Samsung
Machine Tools 5.1.9 Samsung
Samsung
Medical Center 5.1.10 Samsung
Samsung
SDI 5.1.11 Samsung
Samsung
Securities 5.1.12 Samtron 5.1.13 Shilla Hotels and Resorts 5.1.14 S-1 Corporation

5.2 Joint ventures

5.2.1 Defunct

5.3 Partially owned companies

5.3.1 Atlântico Sul 5.3.2 DGB Financial Group 5.3.3 Corning Inc. 5.3.4 Doosan
Doosan
Engine 5.3.5 Korea Aerospace
Aerospace
Industries 5.3.6 MEMC KOREA 5.3.7 Pantech 5.3.8 Rambus Incorporated 5.3.9 Renault
Renault
Samsung
Samsung
Motors 5.3.10 Seagate Technology 5.3.11 Sharp Corporation 5.3.12 SungJin Geotec 5.3.13 Taylor Energy 5.3.14 Wacom

6 Major clients 7 Logo and font

7.1 Audio logo 7.2 Font

8 Samsung
Samsung
Medical Center 9 Sponsorships 10 Controversies

10.1 Financial scandals 10.2 Antitrust concerns 10.3 Viral marketing 10.4 Labor abuses 10.5 Price fixing

11 References 12 External links

Etymology According to Samsung's founder, the meaning of the Korean hanja word Samsung
Samsung
(三星) is "tri-star" or "three stars". The word "three" represents something "big, numerous and powerful".[16] History 1938 to 1970

Lee Byung-chul, founder of Samsung

In 1938, Lee Byung-chul
Lee Byung-chul
(1910–1987) of a large landowning family in the Uiryeong
Uiryeong
county moved to nearby Daegu
Daegu
city and founded Samsung Sanghoe (삼성상회, 三星商會). Samsung
Samsung
started out as a small trading company with forty employees located in Su-dong (now Ingyo-dong).[17] It dealt in dried-fish,[17] locally-grown groceries and noodles. The company prospered and Lee moved its head office to Seoul
Seoul
in 1947. When the Korean War
Korean War
broke out, he was forced to leave Seoul. He started a sugar refinery in Busan
Busan
named Cheil Jedang. In 1954, Lee founded Cheil Mojik and built the plant in Chimsan-dong, Daegu. It was the largest woollen mill ever in the country.[citation needed] Samsung
Samsung
diversified into many different areas. Lee sought to establish Samsung
Samsung
as leader in a wide range of industries. Samsung
Samsung
moved into lines of business such as insurance, securities and retail. In 1947, Cho Hong-jai, the Hyosung
Hyosung
group's founder, jointly invested in a new company called Samsung
Samsung
Mulsan Gongsa, or the Samsung
Samsung
Trading Corporation, with the Samsung's founder Lee Byung-chull. The trading firm grew to become the present-day Samsung
Samsung
C&T Corporation. After a few years, Cho and Lee separated due to differences in management style. Cho wanted a 30 equity share. Samsung
Samsung
Group was separated into Samsung
Samsung
Group and Hyosung
Hyosung
Group, Hankook Tire
Hankook Tire
and other businesses.[18][19] In the late 1960s, Samsung
Samsung
Group entered the electronics industry. It formed several electronics-related divisions, such as Samsung Electronics Devices, Samsung
Samsung
Electro-Mechanics, Samsung
Samsung
Corning and Samsung
Samsung
Semiconductor
Semiconductor
& Telecommunications, and made the facility in Suwon. Its first product was a black-and-white television set.[citation needed] 1970 to 1990

The SPC-1000, introduced in 1982, was Samsung's first personal computer (Korean market only) and used an audio cassette tape to load and save data – the floppy drive was optional[20]

In 1980, Samsung
Samsung
acquired the Gumi-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.[21] The company grouped them together under Samsung
Samsung
Electronics in the 1980s. After Lee, the founder's death in 1987, Samsung
Samsung
Group was separated into four business groups— Samsung
Samsung
Group, Shinsegae
Shinsegae
Group, CJ Group and the Hansol
Hansol
Group.[22] Shinsegae
Shinsegae
(discount store, department store) was originally part of Samsung
Samsung
Group, separated in the 1990s from the Samsung
Samsung
Group along with CJ Group (Food/Chemicals/Entertainment/logistics), and the Hansol
Hansol
Group (Paper/Telecom). Today these separated groups are independent and they are not part of or connected to the Samsung
Samsung
Group.[23] One Hansol Group representative said, "Only people ignorant of the laws governing the business world could believe something so absurd", adding, "When Hansol
Hansol
separated from the Samsung
Samsung
Group in 1991, it severed all payment guarantees and share-holding ties with Samsung
Samsung
affiliates." One Hansol
Hansol
Group source asserted, "Hansol, Shinsegae, and CJ have been under independent management since their respective separations from the Samsung
Samsung
Group". One Shinsegae
Shinsegae
department store executive director said, " Shinsegae
Shinsegae
has no payment guarantees associated with the Samsung Group".[23] In 1980s, Samsung Electronics
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, in 1996. As of 2012, Samsung
Samsung
has invested more than US$13,000,000,000 in the Austin facility, which operates under the name Samsung
Samsung
Austin Semiconductor. This makes the Austin location the largest foreign investment in Texas
Texas
and one of the largest single foreign investments in the United States.[24][25] 1990 to 2000 Samsung
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
Petronas Towers
in Malaysia, Taipei 101
Taipei 101
in Taiwan and the Burj Khalifa in United Arab Emirates.[26] In 1993, Lee Kun-hee
Lee Kun-hee
sold off ten of Samsung
Samsung
Group's subsidiaries, downsized the company, and merged other operations to concentrate on three industries: electronics, engineering and chemicals. In 1996, the Samsung
Samsung
Group reacquired the Sungkyunkwan University
Sungkyunkwan University
foundation. Samsung
Samsung
became the world's largest producer of memory chips in 1992 and is the world's second-largest chipmaker after Intel
Intel
(see Worldwide Top 20 Semiconductor
Semiconductor
Market Share Ranking Year by Year).[27] In 1995, it created its first liquid-crystal display screen. Ten years later, Samsung
Samsung
grew to be the world's largest manufacturer of liquid-crystal display panels. Sony, which had not invested in large-size TFT-LCDs, contacted Samsung
Samsung
to cooperate, and, in 2006, S-LCD
S-LCD
was established as a joint venture between Samsung
Samsung
and Sony
Sony
in order to provide a stable supply of LCD panels for both manufacturers. S-LCD
S-LCD
was owned by Samsung
Samsung
(50% plus one share) and Sony
Sony
(50% minus one share) and operates its factories and facilities in Tangjung, South Korea. As of 26 December 2011, it was announced that Samsung
Samsung
had acquired the stake of Sony
Sony
in this joint venture.[28] Compared to other major Korean companies, Samsung
Samsung
survived the 1997 Asian financial crisis relatively unharmed. However, Samsung Motor
Samsung Motor
was sold to Renault
Renault
at a significant loss. As of 2010[update], Renault Samsung
Samsung
is 80.1 percent owned by Renault
Renault
and 19.9 percent owned by Samsung. Additionally, Samsung
Samsung
manufactured a range of aircraft from the 1980s to 1990s. The company was founded in 1999 as Korea Aerospace Industries (KAI), the result of merger between then three domestic major aerospace divisions of Samsung
Samsung
Aerospace, Daewoo Heavy Industries and Hyundai
Hyundai
Space and Aircraft
Aircraft
Company. However, Samsung still manufactures aircraft engines and gas turbines.[29] 2000 to 2015

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Samsung Electronics
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In 2000, Samsung
Samsung
opened a computer programming laboratory in Warsaw, Poland. Its work began with set-top-box technology before moving into digital TV and smartphones. The smartphone platform was developed with partners, officially launched with the original Samsung
Samsung
Solstice[30] line of devices and other derivatives in 2008, and was later developed into Samsung Galaxy
Samsung Galaxy
line of devices including Notes & Edge and other products. As of 2011, the Warsaw base is Samsung's most important R&D center in Europe, forecast to be recruiting 400 new-hires per year by the end of 2013.[31]

The prominent Samsung
Samsung
sign in Times Square, New York City

In 2010, Samsung
Samsung
announced a ten-year growth strategy centered around five businesses.[32] One of these businesses was to be focused on biopharmaceuticals, to which has committed ₩2,100,000,000,000.[33] In December 2011, Samsung Electronics
Samsung Electronics
sold its hard disk drive business to Seagate.[34] In first quarter of 2012, Samsung Electronics
Samsung Electronics
became the world's largest mobile phone maker by unit sales, overtaking Nokia, which had been the market leader since 1998.[35][36] In the edition of the Austin American-Statesman
Austin American-Statesman
issued on August 21, 2012, Samsung
Samsung
confirmed plans to spend 3 to 4 billion dollars converting half of its Austin chip manufacturing plant to a more profitable chip.[37] The conversion should start in early 2013 with production on line by the end of 2013. On March 14, 2013, Samsung
Samsung
unveiled the Galaxy S4. On August 24, 2012, nine American jurors ruled that Samsung
Samsung
had to pay Apple $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
Samsung
patents cited in the case.[38] Samsung
Samsung
decried the decision saying that the move could harm innovation in the sector.[39] It also followed a South Korean ruling stating that both companies were guilty of infringing on each other's intellectual property.[40] In first trading after the ruling, Samsung
Samsung
shares on the Kospi index fell 7.7%, the largest fall since October 24, 2008, to 1,177,000 Korean won.[41] Apple then sought to ban the sales of eight Samsung phones (Galaxy S 4G, Galaxy S2 AT&T, Galaxy S2 Skyrocket, Galaxy S2 T-Mobile, Galaxy S2 Epic 4G, Galaxy S Showcase, Droid Charge and Galaxy Prevail) in the United States[42] which has been denied by the court.[43] On September 4, 2012, Samsung
Samsung
announced that it plans to examine all of its Chinese suppliers for possible violations of labor policies. The company said it will carry out audits of 250 Chinese companies that are its exclusive suppliers to see if children under the age of 16 are being used in their factories.[44] In 2013, a New Zealand news outlet reported a number of Samsung washing machines spontaneously catching on fire.[45] The corporation is expected to spend $14 billion on advertising and marketing in 2013, with publicity appearing in TV and cinema ads, on billboards and at sports and arts events. In November 2013, the corporation was valued at $227 billion.[46] In May 2014, Samsung
Samsung
announced it would be shutting down its streaming service on July 1, 2014, also meaning the end of the Samsung
Samsung
Music Hub app that typically comes installed on its Android phones.[47] On September 3, 2014, Samsung
Samsung
announced Gear VR, a virtual reality device in collaboration with Oculus VR
Oculus VR
and developed for the Galaxy Note 4.[48] In October 2014, Samsung
Samsung
announced a $14.7 billion investment to build a chip plant in South Korea. Construction
Construction
will begin next year with production beginning in 2017. The company has not yet decided the type of chips to be produced.[49] In October 2014, Samsung
Samsung
also announced it would invest 633 billion South Korean won
South Korean won
($560 million USD) in the construction of a new 700,000 square metre production complex in Vietnam.[50] Samsung
Samsung
plans to launch a new set of services beginning early 2015. The goal of this new suite of business offerings, dubbed Samsung
Samsung
360 Services, is to become a help desk of sorts for businesses IT departments. The customizable services range from technical support to security solutions for having a Samsung
Samsung
employee embedded in a client's business as an on-site support manager or technology consultant.[51] On December 2, 2014, Samsung
Samsung
announced it will sell Fiber Optics to U.S. speciality glass manufacturer Corning Inc.[52] Samsung Electronics
Samsung Electronics
Inc. is expanding in Silicon Valley
Silicon Valley
with a $300 million facility in San Jose, California. The 10-story complex will include 1.1 million square feet of floor space, a clean room for semiconductors and a "fitness center in the sky". The facility will be split between semiconductor research and development and other sales and marketing functions. It will serve as the North America headquarters for semiconductor operations.[53] In 2015, Samsung
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.[54] 2016 to present

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In January 2016, Samsung
Samsung
announced it will be working with Microsoft to develop IoT devices based on Windows 10, where the companies will work together to develop products that will run on the platform, as well as integrate with other companies developing hardware and services on Microsoft's OS.[55] Samsung
Samsung
released a fitness smartwatch called the Gear Fit 2 and a brand of wireless earbuds called Gear Icon X.[56] On 2 August 2016, Samsung
Samsung
unveiled the Galaxy Note7 smartphone,[57] which went on sale on 19 August 2016. However, in early September 2016, Samsung
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
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 Note7 smartphones worldwide on 10 October 2016, and permanently ended production of the phone the following day.[citation needed] On 31 August 2016, Samsung
Samsung
announced the Gear S3 smartwatch, which was released on 18 November 2016.[58] On 29 March 2017, Samsung
Samsung
unveiled its new Samsung Galaxy
Samsung Galaxy
S8 and S8+ flagship smartphones. On 29 August 2017, Samsung
Samsung
announced its Samsung Galaxy Note8 flagship smartphone. These phones were also complemented by a number of low-end and mid-range phones, as well as the Samsung Galaxy S8 Active smartphone, in 2017. Acquisitions and attempted acquisitions

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Samsung
Samsung
has made the following acquisitions and attempted acquisitions:[59]

Rollei – Swiss watch battle Samsung Techwin
Samsung Techwin
acquired German camera-maker Rollei
Rollei
in 1995. Samsung (Rollei) used its optic expertise on the crystals of a new line of 100% Swiss-made watches, designed by a team of watchmakers at Nouvelle Piquerez S.A. in Bassequort, Switzerland. Rolex's decision to fight Rollei
Rollei
on every front stemmed from the close resemblance between the two names and fears that its sales would suffer as a consequence. In the face of such a threat, the Geneva firm decided to confront. This was also a demonstration of the Swiss watch industry's determination to defend itself when an established brand is threatened. Rolex sees this front-line battle as vital for the entire Swiss watch industry. Rolex has succeeded in keeping Rollei
Rollei
out of the German market. On 11 March 1995, the Cologne
Cologne
District court prohibited the advertising and sale of Rollei
Rollei
watches on German territory.[60][61] In 1999, Rollei management bought out the company.[62]

Fokker – Dutch aircraft maker Samsung
Samsung
lost a chance to revive its failed bid to take over Dutch aircraft maker Fokker
Fokker
when other airplane makers rejected its offer to form a consortium. The three proposed partners—Hyundai, Hanjin
Hanjin
and Daewoo—notified the South Korean government that they would not join Samsung
Samsung
Aerospace
Aerospace
Industries.[63]

AST Research Samsung
Samsung
bought AST (1994) in a failed attempt to break into the North American computer market. Samsung
Samsung
was forced to close the California-based computer maker following mass resignations of research staff and a string of losses.[64]

FUBU – clothing and apparel In 1992, American fashion entrepreneur Daymond John
Daymond John
started the company with a hat collection that was made in the basement of his house in the Queens
Queens
area of New York City. To fund the company, John had to mortgage his house for $100,000. With his friends J. Alexander Martin, Carl Brown and Keith Perrin, half of his house was turned into the first factory of FUBU, while the other half remained as the living quarters. Along with the expansion of FUBU, Samsung
Samsung
invested in FUBU in 1995.[65]

Lehman Brothers Holdings' Asian operations Samsung
Samsung
Securities was one of a handful of brokerages looking into Lehman Brothers Holdings. But Nomura Holdings has reportedly waved the biggest check to win its bid for Lehman Brothers Holdings' Asian operations, beating out Samsung
Samsung
Securities, Standard Chartered and Barclays.[66] Ironically, after few months Samsung
Samsung
Securities Co., Ltd. and City of London-based N M Rothschild & Sons (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.[67]

MEDISON Co.,Ltd. – ultrasound monitors In December 2010, Samsung Electronics
Samsung Electronics
bought MEDISON Co., a South Korean medical-equipment company, the first step in a long-discussed plan to diversify from consumer electronics.[68]

Grandis Inc. – memory developer In July 2011, Samsung
Samsung
announced that it had acquired spin-transfer torque random access memory (MRAM) vendor Grandis Inc.[69] Grandis will become a part of Samsung's R&D operations and will focus on development of next generation random-access memory.[70]

Samsung
Samsung
and Sony
Sony
joint venture – liquid crystal displays On 26 December 2011 the board of Samsung Electronics
Samsung Electronics
approved a plan to buy Sony's entire stake in their 2004 joint liquid crystal display (LCD) venture for 1.08 trillion won ($938.97 million).[71]

mSpot, Inc – music service On 9 May 2012, mSpot announced that it had been acquired by Samsung Electronics with the intention of a cloud based music service.[72] The succeeding service was Samsung
Samsung
Music Hub.

NVELO, Inc. – cache software developer In December 2012, Samsung
Samsung
announced that it had acquired the privately held storage software vendor NVELO, Inc., based in Santa Clara, California.[73] NVELO will become part of Samsung's R&D operations, and will focus on software for intelligently managing and optimizing next-generation Samsung
Samsung
SSD storage subsystems for consumer and enterprise computing platforms.

NeuroLogica – portable CT scanner In January 2013, Samsung
Samsung
announced that it has acquired medical imaging company NeuroLogica, part of the multinational conglomerate's plans to build a leading medical technology business. Terms of the deal were not disclosed.[74]

SmartThings – home automation On 14 August 2014, Samsung
Samsung
acquired SmartThings, a fast-growing home automation startup. The company isn't releasing the acquisition price, but TechCrunch
TechCrunch
reported a $200 million pricetag when first caught word of the deal in July 2014.[75]

Quietside – U.S. air conditioner firm On 19 August 2014, Samsung
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
Samsung Electronics
spokesman said the South Korean company acquired 100 percent of Quietside, but declined to elaborate on the price or other details.[76]

Proximal Data – data virtualization 3 November 2014, Samsung
Samsung
announced it had acquired Proximal Data, Inc., a San Diego, California-based pioneer of server-side caching software with I/O intelligence that work within virtualized systems.[77]

LoopPay – U.S. mobile payments firm On 18 February 2015, Samsung
Samsung
acquired U.S. based mobile payments firm "LoopPay" - This allows Samsung
Samsung
in smartphone transactions.[78]

YESCO Electronics – U.S. based manufacturer of light emitting diode displays On 5 March 2015, Samsung
Samsung
acquired small U.S.-based manufacturer of light emitting diode displays, YESCO Electronics, which focuses on making digital billboards and message signs.[79]

Viv – intelligent personal assistant On 5 October 2016, Samsung
Samsung
announced it had acquired Viv, a company working on artificial intelligence.[80]

Rich Communications Services – text messaging standard On 15 November 2016, Samsung
Samsung
Canada announced it has acquired Rich Communications Services, a company working on a new technology for text messaging.[81]

Sold parts Samsung
Samsung
Techwin Samsung Techwin
Samsung Techwin
was listed on the Korea Exchange
Korea Exchange
stock-exchange (number 012450), with its principal activities being the development and manufacture of surveillance, aeronautics, optoelectronics, automations and weapons technology. It was announced to be sold to Hanwha
Hanwha
Group in December 2014[82] and the take-over completed in June 2015.[83] Samsung
Samsung
Thales Samsung
Samsung
Thales Co., Ltd. (until 2001 known as Samsung
Samsung
Thomson-CSF Co., Ltd.) was a joint venture between Samsung Techwin
Samsung Techwin
and the France-based aerospace and defence company Thales. It was established in 1978 and is based in Seoul.[84] Samsung's involvement was passed on to Hanwha Group as part of the Techwin transaction.[83] Samsung
Samsung
General Chemicals

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Samsung
Samsung
Total Samsung Total
Samsung Total
was a 50:50 joint venture between Samsung
Samsung
and the France-based oil group Total S.A.
Total S.A.
(more specifically Samsung
Samsung
General Chemicals and Total Petrochemicals). Samsung's role was passed on to Hanwha
Hanwha
Group when the latter acquired Samsung
Samsung
General Chemicals.[83] Operations

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The Samsung
Samsung
Library at Sungkyunkwan University
Sungkyunkwan University
Natural Sciences Campus in Suwon, South Korea

Samsung
Samsung
Fire & Marine Insurance HQ

Samsung
Samsung
comprises around 80 companies.[85] It is highly diversified, with activities in areas including construction, consumer electronics, financial services, shipbuilding and medical services.[85] In FY 2009, Samsung
Samsung
reported consolidated revenues of 220 trillion KRW ($172.5 billion). In FY 2010, Samsung
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 as of 19 August 2011[update]).[86] These amounts do not include the revenues from all of Samsung's subsidiaries based outside South Korea.[87] Affiliates As of April 2011, the Samsung
Samsung
Group comprised 59 unlisted companies and 19 listed companies, all of which had their primary listing on the Korea Exchange.[88] Ace Digitech is listed on the Korea Exchange
Korea Exchange
stock-exchange (number 036550). Cheil Industries
Cheil Industries
is listed on the Korea Exchange
Korea Exchange
stock-exchange (number 001300).[89] Cheil Worldwide
Cheil Worldwide
is listed on the Korea Exchange
Korea Exchange
stock-exchange (number 030000). Credu is listed on the Korea Exchange
Korea Exchange
stock-exchange (number 067280). Imarket Korea is listed on the Korea Exchange
Korea Exchange
stock-exchange (number 122900). Samsung Card
Samsung Card
is listed on the Korea Exchange
Korea Exchange
stock-exchange (number 029780). Samsung SDS
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
Samsung SDS
is the Korea's largest IT service company. It achieved total revenues of 6,105.9 billion won (US$5.71 billion) in 2012. Samsung
Samsung
C&T Corporation is listed on the Korea Exchange stock-exchange (000830). Samsung
Samsung
Electro-Mechanics, established in 1973 as a manufacturer of key electronic components, is headquartered in Suwon, Gyeonggi-do, South Korea. It is listed on the Korea Exchange
Korea Exchange
stock-exchange (number 009150).[90] Samsung
Samsung
Electronics

Samsung's Silicon Valley
Silicon Valley
headquarters in the North San Jose Innovation District.

Main article: Samsung
Samsung
Electronics Samsung Electronics
Samsung Electronics
is a multinational electronics and information technology company headquartered in Suwon
Suwon
and the flagship company of the Samsung
Samsung
Group.[91] Its products include air conditioners, computers, digital televisions, liquid crystal displays (including thin film transistors (TFTs) and active-matrix organic light-emitting diodes (AMOLEDs)), mobile phones, monitors, printers, refrigerators, semiconductors and telecommunications networking equipment.[92] It is the world's largest mobile phone maker by unit sales in the first quarter of 2012, with a global market share of 25.4%.[93] It is also the world's second-largest semiconductor maker by 2011 revenues (after Intel).[94] Samsung Electronics
Samsung Electronics
is listed on the Korea Exchange
Korea Exchange
stock-exchange (number 005930). Samsung
Samsung
Engineering Main article: Samsung
Samsung
Engineering Samsung Engineering
Samsung Engineering
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; and other infrastructure.[95] It achieved total revenues of 9,298.2 billion won (US$8.06 billion) in 2011.[96] Samsung Engineering
Samsung Engineering
is listed on the Korea Exchange
Korea Exchange
stock-exchange (number 02803450). Samsung
Samsung
Everland Samsung Everland
Samsung Everland
covers the three main sectors of Environment & Asset, Food Culture and Resort. Samsung
Samsung
Fine Chemicals Samsung
Samsung
Fine Chemicals is listed on the Korea Exchange
Korea Exchange
stock-exchange (number 004000). Samsung
Samsung
Fire & Marine Insurance Main article: Samsung
Samsung
Fire & Marine Insurance Samsung
Samsung
Fire & Marine Insurance is a multinational general insurance company headquartered in Seoul.[97] It was founded in January 1952 as Korea Anbo Fire and Marine Insurance and was renamed Samsung
Samsung
Fire & Marine Insurance in December 1993.[98] Samsung
Samsung
Fire & Marine Insurance offers services including accident insurance, automobile insurance, casualty insurance, fire insurance, liability insurance, marine insurance, personal pensions and loans.[99] As of March 2011 it had operations in 10 countries and 6.5 million customers. Samsung
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
Samsung
Fire has been listed on the Korea Exchange stock-exchange since 1975 (number 000810).[99] Samsung
Samsung
Heavy Industries Main article: Samsung
Samsung
Heavy Industries Samsung Heavy Industries
Samsung Heavy Industries
is a shipbuilding 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.[100] It achieved total revenues of 13,358.6 billion won in 2011 and is the world's second-largest shipbuilder by revenues (after Hyundai
Hyundai
Heavy Industries).[101][102] Samsung Heavy Industries
Samsung Heavy Industries
is listed on the Korea Exchange stock-exchange (number 010140). Samsung
Samsung
Life Insurance Main article: Samsung
Samsung
Life Insurance Samsung Life Insurance
Samsung Life Insurance
Co., Ltd. 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
Samsung
Group in July 1963.[103] Samsung
Samsung
Life's principal activity is the provision of individual life insurance and annuity products and services.[104] As of December 2011 it had operations in seven countries, 8.08 million customers and 5,975 employees.[103] Samsung
Samsung
Life had total sales of 22,717 billion won in 2011 and total assets of 161,072 billion won at 31 December 2011.[103] It is the largest provider of life insurance in South Korea. Samsung Life Insurance
Samsung Life Insurance
is listed on the Korea Exchange
Korea Exchange
stock-exchange (number 032830) Samsung
Samsung
Machine Tools Samsung
Samsung
Machine Tools of America is a national distributor of machines in the United States. Samsung
Samsung
GM Machine Tools is the head office of China, It is an SMEC Legal incorporated company.[105] Samsung
Samsung
Medical Center The Samsung Medical Center
Samsung Medical Center
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
Samsung Medical Center
consists of a hospital and a cancer center. 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, 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.[citation needed] Samsung
Samsung
SDI Samsung SDI
Samsung SDI
is listed on the Korea Exchange
Korea Exchange
stock-exchange (number 006400). On 5 December 2012, the European Union's antitrust regulator fined Samsung SDI
Samsung SDI
and several other major companies for fixing prices of TV cathode-ray tubes in two cartels lasting nearly a decade.[106] SSDI also builds lithium-ion batteries for electric vehicles such as the BMW i3, and acquired Magna Steyr's battery plant near Graz
Graz
in 2015.[107] SSDI began using the "21700" cell format in August 2015.[108] Samsung
Samsung
plans to convert its factory in Göd, Hungary to supply 50,000 cars per year.[109] Samsung
Samsung
Securities Samsung
Samsung
Securities is listed on the Korea Exchange
Korea Exchange
stock-exchange (number 016360).[citation needed] Samtron Samtron was a subsidiary of Samsung
Samsung
until 1999 when it became independent. After that, it continued to make computer monitors and plasma displays until 2003, Samtron became Samsung
Samsung
when Samtron was a brand. In 2003 the website redirected to Samsung.[citation needed] Shilla Hotels and Resorts Hotel Shilla
Hotel Shilla
(also known as "The Shilla") opened in March 1979, following the intention of the late Lee Byung-chull, the founder of the Samsung
Samsung
Group. Hosting numerous state visits and international events, it has played the role of locomotive for the service industry in Korea with pride and responsibility as "the face representing the Samsung
Samsung
Group" and "the hotel representing Korea". Hotel Shilla maintains elegance and a tradition of winning guests' hearts with the aim of becoming "the best hospitality company". By joining LHW, it is on par with the most luxurious hotels in the world. Meanwhile, it has added modernistic design elements on top of the roof called tradition, thus going through changes to make itself a premium lifestyle space. In addition, with its know-how as a service company in the background, it started a duty-free shop business, and has built its image as the best global distribution company. Also, it is expanding its business into commissioned management of fitness facilities with five-star hotels in Korea and abroad as well as into the restaurant business. Hotel Shilla
Hotel Shilla
promises to be a globally prestigious hospitality company that offers the best value for money by making creative innovations and continuously taking on challenges.

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Shilla Hotels and Resorts is listed on the Korea Exchange stock-exchange (number 008770). S-1 Corporation 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
Korea Exchange
stock-exchange (number 012750).[citation needed]

Samsung
Samsung
Taepyeong-ro HQ in Jung District, Seoul

Samsung Engineering
Samsung Engineering
India Office- New Delhi, India

Samsung
Samsung
Japan's regional HQ at Roppongi, Minato, Tokyo, Japan

The Samsung
Samsung
Hub, formerly 3 Church Street, is a skyscraper located in the Downtown Core
Downtown Core
of Singapore.

Joint ventures

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State-run Korea Agro-Fisheries Trade Corp. set up the venture, aT Grain Co., in Chicago, with three other South Korean companies, Korea Agro-Fisheries owns 55 percent of aT Grain, while Samsung
Samsung
C&T Corp, Hanjin
Hanjin
Transportation Co. and STX Corporation
STX Corporation
each hold 15 percent.[110] Brooks Automation Asia Co., Ltd. is a joint venture between Brooks Automation (70%) and Samsung
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.[111] Company POSS – SLPC s.r.o. was founded in 2007 as a subsidiary of Samsung
Samsung
C & T Corporation, Samsung
Samsung
C & T Deutschland and the company POSCO.[112] Samsung
Samsung
Air China Life Insurance is a 50:50 joint venture between Samsung Life Insurance
Samsung Life Insurance
and China National Aviation Holding. It was established in Beijing in July 2005.[113] Samsung Biologics
Samsung Biologics
will be jointly owned. Samsung Electronics
Samsung Electronics
Co. and Samsung Everland
Samsung Everland
Inc. will each own a 40 percent stake in the venture, with Samsung
Samsung
C&T Corp. and Durham, North Carolina-based Quintiles each holding 10 percent. It will contract-make medicines made from living cells, and Samsung
Samsung
Group plans to expand into producing copies of biologics including Rituxan, the leukemia and lymphoma treatment sold by Roche Holding AG
Roche Holding AG
and Biogen Idec
Biogen Idec
Inc.[114] Samsung
Samsung
Bioepis is a joint venture between Samsung Biologics
Samsung Biologics
(85%) and the U.S.-based Biogen Idec
Biogen Idec
(15%).[115] In 2014, Biogen Idec
Biogen Idec
agreed to commercialize future anti-TNF biosimilar products in Europe through Samsung
Samsung
Bioepis.[116] Samsung
Samsung
BP Chemicals, based in Ulsan, is a 49:51 joint venture between Samsung
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.[117][118][119] Samsung
Samsung
Corning Precision Glass is a joint venture between Samsung
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, South Korea, in 1996. Samsung
Samsung
Sumitomo LED Materials is a Korea-based joint venture between Samsung
Samsung
LED Co., Ltd., an LED maker based in Suwon, Korea-based and the Japan-based Sumitomo Chemical. The JV will carry out research and development, manufacturing and sales of sapphire substrates for LEDs.[120] SB LiMotive
SB LiMotive
is a 50:50 joint company of Robert Bosch GmbH
Robert Bosch GmbH
(commonly known as Bosch) and Samsung SDI
Samsung SDI
founded in June 2008. The joint venture develops and manufactures lithium-ion batteries for use in hybrid-, plug-in hybrid vehicles and electric vehicles. SD Flex Co., Ltd. was founded on October 2004 as a joint venture corporation by Samsung
Samsung
and DuPont, one of the world's largest chemical companies.[121] Sermatech Korea owns 51% of its stock, while Samsung
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.[122] Siam Samsung
Samsung
Life Insurance: Samsung Life Insurance
Samsung Life Insurance
holds a 37% stake while the Saha Group also has a 37.5% stake in the joint venture, with the remaining 25% owned by Thanachart Bank.[123] Siltronic Samsung
Samsung
Wafer Pte. Ltd, the joint venture by Samsung
Samsung
and wholly owned Wacker Chemie subsidiary Siltronic, was officially opened in Singapore in June 2008.[124] SMP Ltd. is a joint venture between Samsung
Samsung
Fine Chemicals and MEMC. MEMC Electronic Materials
MEMC Electronic Materials
Inc. and an affiliate of Korean conglomerate Samsung
Samsung
are forming a joint venture to build a polysilicon plant. Steco is the joint venture established between Samsung Electronics
Samsung Electronics
and Japan's Toray
Toray
Industries in 1995.[125] Stemco is a joint venture established between Samsung Electro-Mechanics and Toray
Toray
Industries in 1995.[126] Toshiba Samsung Storage Technology Corporation
Toshiba Samsung Storage Technology Corporation
(TSST) is joint venture between Samsung Electronics
Samsung Electronics
and Toshiba
Toshiba
of Japan which specialises in optical disc drive manufacturing. TSST was formed in 2004, and Toshiba owns 51% of its stock, while Samsung
Samsung
owns the remaining 49%. Defunct In 1998, Samsung
Samsung
created a U.S. joint venture with Compaq—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 Alpha processors. At the time, Samsung and Compaq
Compaq
invested $500 million in Alpha Processor.[127] GE Samsung
Samsung
Lighting was a joint venture between Samsung
Samsung
and the GE Lighting subsidiary of General Electric. The venture was established in 1998 and was broken up in 2009.[128] Global Steel Exchange was a joint venture formed in 2000 between Samsung, the U.S.-based Cargill, the Switzerland-based Duferco Group, and the Luxembourg-based Tradearbed (now part of the ArcelorMittal), to handle their online buying and selling of steel.[129] S-LCD
S-LCD
Corporation was a joint venture between Samsung Electronics
Samsung Electronics
(50% plus one share) and the Japan-based Sony
Sony
Corporation (50% minus one share) which was established in April 2004. On 26 December 2011, Samsung Electronics
Samsung Electronics
announced that it would acquire all of Sony's shares in the venture. Partially owned companies

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Atlântico Sul Samsung Heavy Industries
Samsung Heavy Industries
owns 10% of the Brazilian shipbuilder Atlântico Sul, whose Atlântico Sul Shipyard
Shipyard
is the largest shipyard in South America. The Joao Candido, Brazil's largest ship, was built by Atlântico Sul with technology licensed by Samsung
Samsung
Heavy Industries.[130] The companies have a technical assistance agreement through which industrial design, vessel engineering and other know-how is being transferred to Atlântico Sul.[131] DGB Financial Group Samsung Life Insurance
Samsung Life Insurance
currently holds a 7.4% stake in the South Korean banking company DGB Financial Group, making it the largest shareholder.[132] Corning Inc. Samsung
Samsung
acquired 7.4% of Gorilla Glass
Gorilla Glass
maker Corning, signing a long-term supply deal.[133] Doosan
Doosan
Engine Samsung Heavy Industries
Samsung Heavy Industries
currently holds a 14.1% stake in Doosan Engine, making it the second-largest shareholder.[134] Korea Aerospace
Aerospace
Industries Samsung Techwin
Samsung Techwin
currently holds a 10% stake in Korea Aerospace Industries (KAI). Other major shareholders include the state-owned Korea Finance Corporation (26.75%), Hyundai Motor
Hyundai Motor
(10%) and Doosan (10%).[135] MEMC KOREA MEMC's joint venture with Samsung Electronics
Samsung Electronics
Company, Ltd. In 1990, MEMC entered into a joint venture agreement to construct a silicon plant in Korea.[136] Pantech Samsung
Samsung
buys 10% stake in rival phone maker Pantech.[137] Rambus Incorporated Samsung
Samsung
currently owns 4.19% of Rambus Incorporated.[138] Renault
Renault
Samsung
Samsung
Motors Samsung
Samsung
currently owns 19.9% of the automobile manufacturer Renault Samsung
Samsung
Motors. Seagate Technology Samsung
Samsung
currently owns 9.6% of Seagate Technology, making it the second-largest shareholder. Under a shareholder agreement, Samsung
Samsung
has the right to nominate an executive to Seagate's Board of Directors.[139] Sharp Corporation Samsung
Samsung
owns 3% of Sharp Corporation, a rival company.[140] SungJin Geotec Samsung Engineering
Samsung Engineering
holds a 10% stake in Sungjin Geotec, an offshore oil drilling company that is a subsidiary of POSCO.[141] Taylor Energy Taylor Energy is an independent American oil company that drills in the Gulf of Mexico based in New Orleans, Louisiana.[142] Samsung
Samsung
Oil & Gas USA Corp., subsidiaries of Samsung, currently owns 20% of Taylor Energy. Wacom Samsung
Samsung
owns 5% of Wacom.[143] Major clients

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The world's largest oil and gas project, Sakhalin II- Lunskoye platform under construction. The topside facilities of the LUN-A (Lunskoye) and PA-B (Piltun Astokhskoye) platforms are being built at the Samsung
Samsung
Heavy Industry shipyard in South Korea.[144]

Major clients of Samsung
Samsung
include:

Royal Dutch Shell Samsung Heavy Industries
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
Royal Dutch Shell
for the next 15 years.[145][146]

Shell unveiled plans to build the world's first floating liquefied natural gas (FLNG) platform. In October 2012[147] at Samsung
Samsung
Heavy Industries' shipyard on Geoje Island
Geoje Island
in South Korea
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.[148]

United Arab Emirates government A consortium of South Korean firms, including Samsung, Korea Electric Power Corporation and Hyundai, won a deal worth $40 billion to build nuclear power plants in the United Arab Emirates.[149]

Ontario
Ontario
government The government of the Canadian province
Canadian province
of Ontario
Ontario
signed off one of the world's largest renewable energy projects, signing a deal worth $6.6 billion for an additional 2,500 MW of new wind and solar energy. Under the agreement, a consortium led by Samsung
Samsung
and the Korea Electric Power Corporation will manage the development of 2,000 MW-worth of new wind farms and 500 MW of solar capacity, while also building a manufacturing supply chain in the province.[150]

Logo and font

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Samsung
Samsung
Byeolpyo noodles logo, used from late 1938 until replaced in 1958 

Samsung
Samsung
Group logo, used 1960s 

Samsung's current logo, in use since 1993[151] 

The basic color in the logo is blue, which Samsung
Samsung
has employed for years, supposedly symbolizing stability, reliability and corporate social responsibility.[152] Audio logo Samsung
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 and written by Walter Werzowa.[153][154] Font In July 2016, Samsung
Samsung
unveiled its SamsungOne font, a typeface that hopes to give a consistent and universal visual identity to the wide range of Samsung
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
Samsung
marketing and advertisements. The font family supports 400 different languages through over 25,000 characters.[155] Samsung
Samsung
Medical Center Samsung
Samsung
donates around US$100 million per annum to the Samsung
Samsung
Medical Center, a non-profit healthcare provider founded by the group in 1994.[156] Samsung Medical Center
Samsung Medical Center
incorporates Samsung
Samsung
Seoul
Seoul
Hospital, Kangbook Samsung
Samsung
Hospital, Samsung
Samsung
Changwon Hospital, Samsung
Samsung
Cancer Center and Samsung
Samsung
Life Sciences Research Center. The Samsung
Samsung
Cancer Center, located in Seoul, is the largest cancer center in Asia.[157] Samsung Medical Center
Samsung Medical Center
and pharmaceutical multinational Pfizer
Pfizer
have agreed to collaborate on research to identify the genomic mechanisms responsible for clinical outcomes in hepatocellular carcinoma.[citation needed] Sponsorships

A Samsung
Samsung
display in Salt Lake City during the 2002 Winter Olympics

Further information on Samsung's sports sponsorships: Samsung
Samsung
Sports Samsung Electronics
Samsung Electronics
spent an estimated $14 billion (U.S.) – more than Iceland's GDP – on advertising and marketing 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 spent 0.6% and General Motors spent 3.5%). Samsung
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.[158] Controversies See also: Samsung Electronics
Samsung Electronics
§ Controversies, and Samsung Electronics § Viral marketing

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Financial scandals In 2007, former Samsung
Samsung
chief lawyer Kim Yong Chul claimed that he was involved in bribing and fabricating evidence on behalf of the group's chairman Lee Kun-hee
Lee Kun-hee
and the company. Kim said that Samsung
Samsung
lawyers trained executives to serve as scapegoats 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
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 amount 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.[159] Antitrust concerns "You can even say the Samsung
Samsung
chairman is more powerful than the President of South Korea. [South] Korean people have come to think of Samsung
Samsung
as invincible and above the law", said Woo Suk-hoon, host of a popular economics podcast in a Washington Post article headlined "In South Korea, the Republic of Samsung", published on 9 December 2012. Critics claimed that Samsung
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, a South Korean presidential candidate, said in a debate, " Samsung
Samsung
has the government in its hands. Samsung
Samsung
manages the legal world, the press, the academics and bureaucracy".[160] Viral marketing The Fair Trade Commission of Taiwan is investigating Samsung
Samsung
and its local Taiwanese advertising agency for false advertising. The case was commenced after the Commission received complaints stating that the agency hired students to attack competitors of Samsung Electronics
Samsung Electronics
in online forums.[161] Samsung
Samsung
Taiwan made an announcement on its Facebook
Facebook
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.[162] Labor abuses Samsung
Samsung
was the subject of several complaints about child labor in its supply chain from 2012 to 2015. In July 2014, Samsung
Samsung
cut its contract with Shinyang Electronics after it received a complaint about the company violating child labor laws.[163] Samsung
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 (CLW) in July 2014. HEG denied the charges and has sued China Labor Watch.[164][165] 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. 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.[163] 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 ovetime pay at 1.5 to 2.0 times standard wages.[163] Price fixing On 19 October 2011, Samsung
Samsung
companies was fined €145,727,000 for being part of a price cartel of ten companies for DRAMs 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
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.[166] In Canada, during 1999, some DRAM
DRAM
micro chip 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
Samsung
and two other manufacturers during a class action lawsuit 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.[167] References

^ a b c "삼성계열사 전자 - 삼성그룹 홈페이지". Archived from the original on 20 September 2016.  ^ "Home and Kitchen Appliance showcase - Samsung".  ^ a b c d e " Samsung
Samsung
Financial Highlights". Samsung
Samsung
Group. Retrieved 13 May 2014.  ^ " Samsung Electronics
Samsung Electronics
Rises to No. 6 in Interbrand's Best Global Brands 2017". news.samsung.com.  ^ "Bangladesh and development: The path through the fields". The Economist. 3 November 2012. Retrieved 2 October 2013. Samsung
Samsung
now has around 80 companies and is the world’s largest information-technology firm.  ^ Park, Kyunghee (28 July 2009). "July 29 (Bloomberg) – Samsung Heavy Shares Gain on Shell's Platform Orders (Update1)". Bloomberg. Archived from the original on 24 September 2011. Retrieved 11 November 2010.  ^ "The Top 225 International Contractors 2013". Enr.construction.com. Retrieved 25 August 2013.  ^ "Global 500 2009: Industry: - FORTUNE on CNNMoney.com". Money.cnn.com. 20 July 2009. Retrieved 4 September 2010.  ^ Valhouli, Christina (21 March 2002). "The World's Best Amusement Parks". Forbes.com. Retrieved 11 September 2010.  ^ " Cheil Worldwide
Cheil Worldwide
Inc (030000:Korea SE)". businessweek.com. Archived from the original on 5 October 2012. Retrieved 16 September 2010.  ^ " Cheil Worldwide
Cheil Worldwide
(030000 KS)" (PDF). kdbdw.com. 26 April 2010. Retrieved 8 May 2013.  ^ " Samsung
Samsung
and its attractions – Asia's new model company". The Economist. 1 October 2011. Retrieved 11 January 2012.  ^ "South Korea's economy – What do you do when you reach the top?". The Economist. 12 November 2011. Retrieved 11 January 2012.  ^ Hutson, Graham; Richards, Jonathan (17 April 2008). "Samsung chairman charged with tax evasion – Times Online". The Times. London. Retrieved 28 February 2011.  ^ Shell, Glencore, and Other Multinationals Dominate Their Home Economies 4 April 2013 BusinessWeek ^ "한국 10대 그룹 이름과 로고의 의미". www.koreadaily.com. 10 July 2006. Retrieved 19 September 2010.  ^ a b "History – Corporate Profile – About Samsung
Samsung
– Samsung". Samsung
Samsung
Group. Samsung
Samsung
Group. Archived from the original on 15 April 2011. Retrieved 21 October 2015.  ^ "Industrial giant's roots tied to nylon products". Joongangdaily.joins.com. 9 November 2009. Retrieved 5 February 2011.  ^ "효성 40년史..오너 일가 뒷얘기 '눈길'". www.chosun.com. 19 June 2007. Archived from the original on 1 May 2011. Retrieved 5 February 2011.  ^ "SPC-1000". old-computers.com. Retrieved 19 March 2012.  ^ (in Korean) Gumisamsung.com[permanent dead link] ^ " Samsung
Samsung
to celebrate 100th anniversary of late founder". koreaherald.com. 29 March 2010. Retrieved 21 January 2011.  ^ a b Hansol, Shinsegae
Shinsegae
Deny Relations with Saehan 24 May 2000. Joongangdaily ^ " Samsung
Samsung
invests $4B in Austin to boost chip output", Austin Business Journal, 21 August 2012, retrieved 22 August 2012  ^ " Samsung
Samsung
Austin Semiconductor
Semiconductor
Begins $3.6B Expansion for Advanced Logic Chips" (PDF). Austinchamber.com. 9 June 2010. Archived from the original (PDF) on 13 September 2010. Retrieved 13 September 2010.  ^ "Dubai skyscraper symbol of S. Korea's global heights". CNN. 19 October 2009. Retrieved 19 October 2009.  ^ Cho, Kevin (24 April 2009). " Samsung
Samsung
Says Hopes of Recovery Are 'Premature' as Profit Falls". Bloomberg. Archived from the original on 26 August 2012. Retrieved 4 September 2010.  ^ " Samsung
Samsung
buys Sony's entire stake in LCD joint venture". bbc.co.uk. 26 December 2011.  ^ " Samsung Techwin
Samsung Techwin
to spin off camera business". reuters.com. 6 November 2008. Retrieved 5 April 2011.  ^ https://www.phonearena.com/reviews/Samsung-Solstice-A887-Review_id2236 ^ Tchorek, Kamil (1 November 2011). "Samsung: Proud tradition of maths proves a strong draw". The Financial Times. London. Retrieved 28 May 2013.  ^ Business Wire
Business Wire
(6 December 2011), Biogen Idec, Inc. (Massachusetts) (BIIB) Teams With Samsung
Samsung
Corporation on $300 Million Biosimilar Venture, BioSpace, biospace.com, archived from the original (press release) on 23 August 2012, retrieved 3 January 2012  ^ Yang, Jun (7 December 2011), "Samsung, Biogen Idec
Biogen Idec
Agree to Set Up $300 Million Venture", Bloomberg Businessweek, New York City: Bloomberg L.P., businessweek.com, archived from the original on 16 January 2013, retrieved 3 January 2012  ^ "Seagate Completes Acquisition of Samsung's Hard Disk Drive BusinessSeagate". www.seagate.com. Retrieved 14 July 2015.  ^ " Samsung
Samsung
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