Samsung
Samsung
This article is about the conglomerate. For the publicly traded consumer electronics subsidiary, see Samsung Electronics.
Samsung (Hangul: 삼성; Hanja: 三星; Korean pronunciation: [samsʌŋ]) is a South Korean multinationalconglomerate headquartered in Samsung Town, Seoul.[1] It comprises numerous affiliated businesses,[1] most of them united under the Samsungbrand, and is the largest South Korean chaebol (business conglomerate).
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| Industry | Conglomerate |
|---|---|
| Founded | 1 March 1938; 80 years ago 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 Kun-hee (Chairman) Lee Jae-yong (Vice Chairman) |
| Products | Apparel, automotive, chemicals, consumer electronics, electronic components, medical equipment, semiconductors, solid state drives, DRAM, ships, telecommunications equipment, home appliances[2] |
| Services | Advertising, construction, entertainment, financial services, hospitality, information and communications technology, medical and health care services, retail, shipbuilding |
| Revenue |  US$305 billion (2014)[3] |
| US$22.1 billion (2014)[3] | |
| Total assets |  US$529.5 billion (2014)[3] |
| Total equity | US$231.2 billion (2014)[3] |
Number of employees
| 489,000 (2014)[3] |
| Divisions | Samsung Electronics Samsung C&T Corporation Samsung Heavy Industries Samsung SDS Samsung Life Insurance Renault Samsung Motors Samsung Fire & Marine Insurance Cheil Worldwide |
| Korean name | |
| Hangul | 삼성 |
| Hanja | 三星 |
| Revised Romanization | Samseong |
| McCune–Reischauer | Samsŏng |
| Website | samsung |
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 four business groups – Samsung Group, ShinsegaeGroup, CJ Group and 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 has the 6th highest global brand value.[4]
Samsung
![Samsung]()
Reviewed by George
on
March 28, 2018
Rating: 5
