Samsung Tab S7 History

Samsung
From Wikipedia, the free encyclopedia
Jump to navigationJump to search
This article is about the conglomerate. For the publicly traded consumer electronics
subsidiary, see Samsung Electronics.
Not to be confused with Samsun, Samson, Sanson, or Sampson.

Samsung Group

Logo since 2005

Samsung Town in the Gangnam station area of Seoul, South Korea

Native name 삼성 (三星)

Romanized name samseong (samseong)

Type Private

Industry Conglomerate

Founded 1 March 1938; 83 years ago in Daegu, Japanese

Korea
Founder Lee Byung-chul

Headquarters 40th floor Samsung Electronics Building, 11,

Seocho-daero 74-gil, 

Seocho District, Seoul

, 

South Korea[1]

Area served Worldwide

Key people Lee Jae-yong

(Chairman)

Products Clothing, automotive, chemicals, consumer
electronics, electronic components, medical
equipment, semiconductors, solid state
drives, DRAM, flash
memory, ships, telecommunications
equipment, home appliances[2]

Services Advertising, construction,
entertainment, financial services, hospitality,
information and communications technology,
medical and health care
services, retail, shipbuilding, semiconductor
foundry

Subsidiaries Samsung Electronics

Samsung Engineering
Samsung C&T Corporation
Samsung Heavy Industries
Samsung SDS
Samsung Life Insurance
Samsung Fire & Marine Insurance
Cheil Worldwide
Samsung Biologics
Website samsung.com

Samsung

Hangul 삼성

Hanja 三星

Revised Romanization Samseong

McCune–Reischauer Samsŏng

Economy of South Korea

History

 Five-Year Plans
 Saemaul Undong
 Heavy-Chemical Industry Drive
 Miracle on the Han River
 1997 Asian financial crisis

Business culture

 Chaebol
 Trade policy

Industries

 Currency
 Communications
 Tourism
 Transportation
 Financial services
 Energy

Regional

 Regions by GDP per capita

Related topics

 Science and technology

  Cities

 v
 t
 e

The Samsung Group[3] (or simply Samsung) (Korean: 삼성) is a South

Korean multinational manufacturing conglomerate headquartered in Samsung
Town, Seoul, South Korea.[1] It comprises numerous affiliated businesses,[1] most of them
united under the Samsung brand, and is the largest South Korean chaebol (business
conglomerate). As of 2020, Samsung has the 8th highest global brand value.[4]
Samsung was founded by 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 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 was
separated into five business groups – Samsung Group, Shinsegae Group, CJ
Group and Hansol Group, and Joongang Group.
Notable Samsung industrial affiliates include Samsung Electronics (the world's
largest information technology company, consumer electronics
maker and chipmaker measured by 2017 revenues),[5][6] Samsung Heavy Industries (the
world's 2nd largest shipbuilder measured by 2010 revenues),[7] and Samsung
Engineering and Samsung C&T Corporation (respectively the world's 13th and 36th
largest construction companies).[8] Other notable subsidiaries include Samsung Life
Insurance (the world's 14th largest life insurance company),[9] Samsung Everland
(operator of Everland Resort, the oldest theme park in South Korea)[10] and Cheil
Worldwide (the world's 15th largest advertising agency, as measured by 2012
revenues).[11][12]

2000–present

The prominent Samsung sign in Times Square, New York City

In 2000, Samsung opened a development center 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 Solstice[30] line of devices and
other derivatives in 2008, which was later developed into Samsung Galaxy line of devices including
Notes, Edge and other products.

The Samsung Group's chairman, Lee Kun-hee (left), with South Korean President Park Geun-hye, 2013

In 2007, former 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, and the
company. Kim said that 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 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. [31]
In 2010, 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 first quarter of 2012, Samsung Electronics became the world's largest mobile phone maker by unit
sales, overtaking Nokia, which had been the market leader since 1998. [34][35]
On 24 August 2012, nine American jurors ruled that Samsung Electronics 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 patents cited in the case.[36] Samsung decried the decision saying that the move could
harm innovation in the sector.[37] It also followed a South Korean ruling stating that both companies
were guilty of infringing on each other's intellectual property. [38] In first trading after the ruling,
Samsung shares on the Kospi index fell 7.7%, the largest fall since 24 October 2008, to
1,177,000 Korean won.[39] 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 [40] which has been denied by the
court.[41]
As of 2013, the Fair Trade Commission of Taiwan is investigating 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 in
online forums.[42] Samsung Taiwan made an announcement on its 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. [43]
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.[44]
The Galaxy Note 7 smartphone went on sale on 19 August 2016.[45] 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.[46][47][48]
In 2018, Samsung launched the world's largest mobile manufacturing facility in Noida, India, with
guest of honour including Indian Prime Minister Narendra Modi.[49]

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".[50][51] Its affiliate
companies produce around a fifth of South Korea's total exports. [52] Samsung's revenue was equal to
17% of South Korea's $1,082 billion GDP in 2013. [53]
"You can even say the Samsung chairman is more powerful than the President of South Korea.
[South] Korean 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 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, 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".[54]