This action might not be possible to undo. Are you sure you want to continue?
Type Industry Founded Founder(s) Headquarters Area served Key people Public Conglomerate 1938 Lee Byung-chull Samsung Town, Seoul, South Korea Worldwide Lee Kun-hee (Chairman and CEO) Lee Soo-bin (President, CEO of Products Samsung Life Insurance Consumer electronics, shipbuilding, telecom, construction, entertainment, Subsidiaries engineering financial apparel, and services, medical
chemicals, retail, heavy industries, services SamsungElectronics SamsungLifeInsurance SamsungHeavyIndustries Samsung C&T etc.
Samsung (which means "three stars" in Korean) started out as a small export business in Taegu, Korea, back in the 1930s and has since grown to become one of the world's leading electronics manufacturers. The company is actually made up of a number of smaller businesses with very diverse interests,
He wanted to get up to a 30% group share. fashion and medicine. In 1948. Samsung Corning Co. But after some years Cho and Lee parted ways due to some differences in management between the two men. The trading firm grew to become the present-day Samsung C&T Corporation. It dealt in groceries produced in and around the city and produced its own noodles. protecting them from competition and assisting them financially. He later banned several foreign companies from selling consumer electronics in South Korea in order to protect Samsung from foreign competition. with the Samsung Group founder Lee Byung-chull. or the Samsung Trading Corporation. Cho Hong-jai (the Hyosung group’s founder) jointly invested in a new company called Samsung Mulsan Gongsa.a leader in the global high-tech market HISTORY In 1938. Samsung Electro-Mechanics Co.. Lee placed great importance on industrialization. and Samsung .including finance. Samsung Group entered into the electronics industry. In the late 1960s. and focused his economic development strategy on a handful of large domestic conglomerates. It formed several electronics-related divisions. The company prospered and Lee moved its head office to Seoul in 1947... Most of us will know the products of the flagship Samsung Electronics company . construction.Lee Byung-chull (1910–1987) of a large landowning family in the Uiryeong county came to the nearby Daegu city and founded Samsung Sanghoe a small trading company with forty employees located in Su-dong (now Ingyo-dong). such as Samsung Electronics Devices Co. hotels.
Samsung Group was separated into four business groups . the Samsung Group reacquired the Sungkyunkwan University foundation. Its first product was a black-and-white television set. In 1996. Samsung grew to be the world's largest manufacturer of liquid-crystal display panels. and merged other operations to concentrate on three industries: electronics. Sony. Today these separated groups are independent and they are not part of or connected to the Samsung Group. Its early products were switchboards. it built its first liquid-crystal display screen. and is the world's second-largest chipmaker after Intel. and chemicals..Samsung Group. Ten years later. Lee Kun-hee sold off ten of Samsung Group's subsidiaries. separated in the 1990s from the Samsung Group along with CJ Group (Food/Chemicals/Entertainment/logistics) and the Hansol Group (Paper/Telecom). department store) was originally part of Samsung Group. In 1993. and made the facility in Suwon.Semiconductor & Telecommunications Co. Samsung's construction branch was awarded a contract to build one of the two Petronas Towers in Malaysia. Taipei 101 in Taiwan and the Burj Khalifa in United Arab Emirates. In 1995. downsized the company. Samsung became the largest producer of memory chips in the world in 1992. which had not invested in large-size TFT-LCDs. Shinsegae Group. and. Samsung acquired the Gumi-based Hanguk Jeonja Tongsin and entered the telecommunications hardware industry. engineering. After the founder's death in 1987. in . Shinsegae (discount store. In 1980. contacted Samsung to cooperate. 1990 to 2000 Samsung started to rise as an international corporation in the 1990s. CJ Group and Hansol Group.
Samsung announced a 10-year growth strategy centered around five businesses. In December 2011. Acquisitions and attempted acquisitions For a company of its size Samsung has made relatively few acquisitions. However. Rollei – Swiss watch battle Samsung Techwin acquired a German camera-maker Rollei on 1995. S-LCD was established as a joint venture between Samsung and Sony in order to provide a stable supply of LCD panels for both manufacturersCompared to other major Korean companies. Switzerland. Samsung survived the 1997 Asian financial crisis relatively unharmed. Samsung Electronics sold its hard disk drive (HDD) business to Seagate. In the face of such a threat. Rolex's decision to fight Rollei on every front stemmed from the close resemblance between the two names and fears that its sales would suffer as a consequence.1 trillion. Samsung (Rollei) used its optic expertise on the crystals of a new line of 100% Swiss-made watches. In 2010.A. Rolex. Rolex sees this front-line battle as vital for the entire Swiss watch . to which the Company has committed 2. Samsung manufactured a range of aircraft from the 1980s to 1990s. in Bassequort. and Hyundai Space and Aircraft Company. this was also a demonstration of the Swiss watch industry's determination to defend itself when an established brand is threatened. One of these businesses was to be focused on biopharmaceuticals. Samsung still manufactures aircraft engines and gas turbines.2006. the Geneva firm decided to confront. designed by a team of watchmakers at Nouvelle Piquerez S. Additionally. Daewoo Heavy Industries.
Samsung was forced to close the California-based computer maker after a mass defection of research talent and a string of losses. On 11 March 1995 the Cologne District court prohibited the advertising and sale of Rollei watches on German territory. while the other half remained as the living quarters. and Keith Perrin. namely J.000.industry. a Dutch aircraft maker Samsung lost a chance to revive its failed bid to take over Dutch aircraft maker Fokker when other airplane makers rejected its offer to form a consortium. half of his house was turned into the first factory of FUBU. With his friends. Fokker. AST Research Samsung bought AST (1994) and tried to break into North America，but the effort foundered. But Nomura Holdings has reportedly waved the biggest check to win its bid for Lehman Brothers Holdings’ Asian . Daymond John had started the company with a hat collection that was made in his house in the Queens area of New York City. FUBU clothing and apparel In 1992. The three proposed partners – Hyundai. John had to mortgage his house for $100. a Korean company. Carl Brown. Hanjin and Daewoo – have notified the South Korean government that they will not join Samsung Aerospace Industries Ltd. Along with the expansion of FUBU. Alexander Martin. Samsung. To fund the company. invested in FUBU in 1995. Lehman Brothers Holdings’ Asian operations Samsung Securities was one of a handful of brokerages looking into Lehman Brothers Holdings. Rolex has succeeded in keeping Rollei out of the German market.
with activities in areas including construction. Ironically. 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. Samsung Group was comprised of 59 unlisted companies and 19 listed companies. financial services. . 2011 the board of Samsung Electronics approved a plan to buy Sony's entire stake in their 2004 joint liquid crystal display (LCD) venture for 1. after few months Samsung Securities Co. beating out Samsung Securities.97 million). Standard Chartered.operations. It is highly diversified. and Barclays. Samsung and Sony joint venture . Samsung announced that it had acquired spin-transfer torque random access memory (MRAM) vendor Grandis Inc. shipbuilding and medical services.LCD display On December 26.. Operations Samsung is comprised of around 80 companies. . Subsidiaries and affiliates As of April 2011.08 trillion won ($938. Grandis Inc. Grandis will become a part of Samsung's R&D operations and will focus on development of next generation random-access memory. electronics.memory developer In July 2011. all of which had their primary listing on the Korea Exchange stock exchange. Two parties will jointly work on cross border mergers and acquisition deals. Ltd.
Samsung Biologics Samsung Biologics was established as a biopharmaceutical manufacturer with a focus on biosimilars and is part of the Samsung Group's 2010–2020 strategic plans for growth. Corning and Samsung. • SB LiMotive (2008~present) . formed their first partnership. to manufacture and market cathode ray tube (CRT) glass for black and white televisions. a rising industrial corporation in Korea at the time. • Toshiba Samsung Storage Technology Corporation (2004~present) Toshiba Samsung Storage Technology Corporation (abbreviated TSST) is an international joint venture company of Toshiba (Japan) and Samsung Electronics (Korea). The Affiliate was established in April 2011 between Samsung Group and Quintiles. a US$300 million joint venture was announced between the Affiliate and Biogen Idec. a multinational pharmaceutical services company. Korea in 1996. In December 2011. The company specialises in optical disc drive manufacturing. The company’s first LCD glass substrate manufacturing facility opened in Gumi. Samsung Corning. Joint ventures • Samsung Corning Precision Glass (1973~present) In 1973. The joint venture has an 85/15 investment split between Samsung and Biogen and will be based in South Korea. while Samsung owns the remaining 49%. Toshiba owns 51% of its stock.
SB LiMotive is a 50:50 joint company of Robert Bosch GmbH (commonly known as Bosch) and Samsung SDI founded in June 2008.. Partially-owned companies • Seagate Technology . plug-in hybrid vehicles and electric vehicles. Ltd. • SMP Ltd – a joint venture between Samsung Fine Chemicals and MEMC (NYSE: WFR) MEMC Electronic Materials Inc. is a joint venture between Samsung Group and French oil group Total S... • Samsung Total Samsung Total Petrochemicals Co. The joint venture develops and manufactures lithium-ion batteries for use in hybrid-.A. and an affiliate of Korean conglomerate Samsung are forming a joint venture to build a polysilicon plant. Samsung BP Chemicals Co. Ltd (SSBP) in 1989 with Samsung to produce high value-added chemical products and supply them to related chemical industries. (more specifically Samsung General Chemicals and Total Petrochemicals) Both companies own a 50% partnership in the venture. • Samsung BP Chemicals (1989~present) Samsung BP Chemicals is a 50:50 joint company of British Petroleum (commonly known as BP) and Samsung.
Samsung Heavy Industries currently owns 10% of the Brazilian shipbuilder Atlantico Sul. which operates the largest shipyard in South America.500 ton goliath cranes. In FY 2009. In FY 2010. Samsung Group had revenue of 220 trillion KRW ($172. making it the secondlargest shareholder.Samsung currently owns 9. the largest ship built to date in Brazil.6% of Seagate Technology. financial results are based on parent companies. • Rambus Incorporated Samsung currently owns 4.5 billion). and 30 trillion KRW ($27. they also do not contain the revenues of overseas subsidiaries.19% of Rambus Incorporated. Under a shareholder agreement Samsung has the right to nominate an executive to Seagate’s Board of Directors. including a 400 m x 73 m building dock and two 1. Samsung reported 280 trillion KRW ($258 billion) worth of revenue. Major customers . • Atlantico Sul. was built by Atlantico Sul with technology supplied by Samsung Heavy Industries. Revenues Consolidated revenue is the sum of the revenues perceived by the company and the revenues from its subsidiaries all together. Joao Candido. and no one knows about real revenues.6 billion) profit However.
Ontario government The government of the Canadian province of Ontario signed off one of the world's largest renewable energy projects. while also building a manufacturing supply chain in the province. signing a $6.has won a deal worth 40 billion dollars to build nuclear power plants in the United Arab Emirates.Major customers 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 for the next 15 years. United Arab Emirates government A consortium of South Korean firms . Kangbook Samsung Medical Center incorporates Samsung Seoul Hospital Samsung Hospital Samsung Changwon Hospital Samsung Cancer Center and Samsung Life Sciences Research Center.500 MW of new wind and solar energy capacity being built. located in Seoul.6bn deal that will result in 2. Samsung Medical Center and the multinational pharmaceuticals company Pfizer have agreed to collaborate on . is the largest cancer center in Asia. Under the agreement a consortium – led by Samsung and the Korea Electric Power Corporation – will manage the development of 2.including Samsung. Samsung Cancer Center. Samsung Medical Center Samsung donates around US$100 million per annum to the Samsung Medical Center a non-profit healthcare provider founded by the group in 1994. Korea Electric Power Corp and Hyundai .000 MW-worth of new wind farms and 500 MW of solar capacity.
In December 2009. 2011. was pardoned in order that he could return to the International Olympics Committee and help South Korea bid for the 2018 Winter Olympics in Pyeongchang. Samsung C&T Corporation will be among the top tier of firms competing for construction projects for the games. Lee Kun-hee and figure skating gold medalist Kim Yuna lobbied heavily for support. Olympics Samsung is hoping their role in the London 2012 Olympic Games will provide a "golden moment" for the company's UK reputation.research to identify the genomic mechanisms responsible for clinical outcomes in hepatocellular carcinoma. Vice President Gyehyun Kwon told ATR that "double digit gains in U. During this bid. Lee Kunhee. according to Olympic news outlet Around the Rings.K. it was thought that Lee's influence would help to secure the bid. consumer awareness are possible" through Samsung's partnership with London 2012. it was announced that Pyeongchang would be the location of the 2018 Winter Games. Samsung was instrumental in bringing the 2018 Winter Olympics to Pyeongchang. He had previously been convicted of tax evasion in 2008 and had been part of two failed bids to bring the Olympics to South Korea. the former chairman of Samsung. On July 6. .
This action might not be possible to undo. Are you sure you want to continue?
We've moved you to where you read on your other device.
Get the full title to continue reading from where you left off, or restart the preview.