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Samsung (: Korean Hanja (Samsʌŋ) Multinational Conglomerate Samsung Town Seoul

Samsung is a South Korean multinational conglomerate comprised of numerous affiliated businesses united under the Samsung brand. It is the largest chaebol (business conglomerate) in South Korea. Founded in 1938 by Lee Byung-chul as a trading company, Samsung has since diversified into many industries including electronics, semiconductors, construction, and shipbuilding. Today Samsung generates most of its income from mobile phones and semiconductors and has the 6th highest global brand value. It includes major affiliates such as Samsung Electronics, Samsung Heavy Industries, and Samsung Life Insurance.

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46 views2 pages

Samsung (: Korean Hanja (Samsʌŋ) Multinational Conglomerate Samsung Town Seoul

Samsung is a South Korean multinational conglomerate comprised of numerous affiliated businesses united under the Samsung brand. It is the largest chaebol (business conglomerate) in South Korea. Founded in 1938 by Lee Byung-chul as a trading company, Samsung has since diversified into many industries including electronics, semiconductors, construction, and shipbuilding. Today Samsung generates most of its income from mobile phones and semiconductors and has the 6th highest global brand value. It includes major affiliates such as Samsung Electronics, Samsung Heavy Industries, and Samsung Life Insurance.

Uploaded by

vishal8238
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Samsung (Korean: 삼성; Hanja: 三星; Korean

pronunciation: [samsʌŋ]; means "three stars" in


English) is a South
Korean multinational conglomerate headquartered
in Samsung Town, Seoul.[1] It comprises numerous
affiliated businesses,[1] most of them united under
the Samsung brand, and is the largest South
Korean chaebol (business conglomerate).
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, Shinsegae Group, 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.[6]
Notable Samsung industrial affiliates
include Samsung Electronics (the world's
largest information technology company, consumer
electronics maker and chipmaker measured by 2017
revenues),[7][8] Samsung Heavy Industries (the
world's 2nd largest shipbuilder measured by 2010
revenues),[9] and Samsung
Engineering and Samsung C&T (respectively the
world's 13th and 36th largest construction
companies).[10] Other notable subsidiaries
include Samsung Life Insurance (the world's 14th
largest life insurance company),[11] Samsung
Everland (operator of Everland Resort, the
oldest theme park in South Korea)[12] and Cheil
Worldwide (the world's 15th largest advertising
agency, as measured by 2012 revenues).[13][14]
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".[15][16] Its affiliate
companies produce around a fifth of South Korea's
total exports.[17] Samsung's revenue was equal to
17% of South Korea's $1,082 billion GDP.[18]

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