Samsung Group is a South Korean multinational conglomerate company
headquartered in Samsung Town Seoul. It comprises numerous subsidiaries and affiliated business, most of them united under the Samsung brand, and are the largest south Korean chaebol (business conglomerate).
Samsung was founded by Lee Byung-Chul in 1838 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 constructions and shipbuilding industries in the mid-1970s; these areas would drive its subsequent growth. Following Lee’1987, Samsung was separated into four business group-Samsung Group, Shinsegae Group, CJ Group. Science the 1990s Samsung Has Increasingly globalized its activities and electronics, particularly mobile phones and semiconductors, have become its most importants LITERATURE REVIEW In,2014 we invested KRW 15 trillion in R&D to lead industry innovations as we continued to expand global R&D centers and recruit top talent. Our New York and Silicon-Valley-based open Innovations Center extended our reach ,enabling us to secure outside talent and technologies .those forward - looking measures fueled remarkable performances and sparked superior technologies, including mass production of the world’s first 20nm DRAM and V-NAND with 3-bit technology ;the launch of a Smartphones with the worlds First curved display; Wearables devices such as Samsung Gear S and Gear VR ; and developing new IOT(Internet of Things) technology based on automatic ID technology Leadership and sustained Future growth by registering 4,952US patents in 2014. The no. 2 World Record. In addition, we maintained our profiles as an innovation company with 36 CES 2015 Innovations Awards and with the No.3 ranking on the Boston Consulting Group’s list of the Most Innovative Companies 2014 around the world Moreover, we were ranked No.7 on Interbrand’s The Best 100 Global Brands 2014, with an estimated brand value of USD 45.5 billion .Fortune listed Samsung Electronics as No.13 on its list of the World’s Most Admired Companies 2014.
Going forward, we anticipate Lingering uncertainty in the world
economy owing to an increase in US interest rates, economics recession in the Eurozone and financial risk in emerging countries because of the sharp drop in crude oil prices. Competition in the electronics industry will turn ever fiercer as growth continues to slow in our key product markets. Nevertheless, we are prepared. Our experienced sound management and unrivaled challenging spirit will enable us to effectively respond to the Fast-charging business environment. First, we will strengthen our competitiveness and profit structure in existing business areas. In our core areas, including memory chips, TVs, and mobile phones, we will home our competitive advantages as we focus on developing premium products and strengthening technology leadership. Our top ranking in the memory business is fully supported by our superior technology. In TVs, we highlight our premium brand power with a central focus on SUHD TVs. In the Mobile Communications Business, we will lead the premium market with the Galaxy S22 and Galaxy S22 ultra, while also launching differentiated product for mid-and low-priced markets. That strategy will not maintain our dominance in advanced market but also fuel growth in emerging and low -priced markets.