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Samsung Group
삼성그룹
三星그룹
Type Chaebol
Industry Conglomerate
Founded 1938
Founder(southward) Lee Byung-chull
Headquarters Samsung Town, Seoul, Republic of korea
Expanse served Worldwide
Central people Lee Kun-hee
(Chairman of Samsung Electronics)
Products Apparel, chemicals, consumer electronics, electronic components, medical equipment, precision instruments, semiconductors, ships, telecommunication equipment
Services Advertising, construction, amusement, financial services, hospitality, data and communications technology services, medical services, retail
Revenue Increase Us$ 220.2 billion (2011) [1]
Net income Increase United states of america$ 21.2 billion (2011) [1]
Total assets Increase Us$ 343.7 billion (2011) [one]
Total equity Increase US$ 141.1 billion (2011) [1]
Employees 344,000 (2011) [1]
Subsidiaries Samsung Electronics
Samsung Life Insurance
Samsung Heavy Industries
Samsung C&T
Samsung SDS
Samsung Techwin etc.
Website Samsung.com

Samsung Group (Hangul: 삼성그룹 ; Hanja: 三星그룹 ; Korean pronunciation: [sam.sʌŋ ɡɯ'ɾup̚]) is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Samsung make, and is the largest South Korean chaebol.

Samsung was founded by Lee Byung-chull in 1938 every bit a trading company. Over the side by side three decades the group diversified into areas including food processing, textiles, insurance, securities and retail. Samsung entered the electronics industry in the belatedly 1960s and the construction and shipbuilding industries in the mid-1970s; these areas would bulldoze its subsequent growth. Following Lee's decease in 1987, Samsung was separated into four business organisation groups – Samsung Grouping, Shinsegae Group, CJ Group and Hansol Group. Since the 1990s Samsung has increasingly globalised its activities, and electronics, specially mobile phones and semiconductors, has become its most important source of income.

Notable Samsung industrial subsidiaries include Samsung Electronics (the earth's largest information applied science visitor measured past 2012 revenues), [2] Samsung Heavy Industries (the earth's second-largest shipbuilder measured by 2010 revenues), [3] and Samsung Technology and Samsung C&T (respectively the world's 35th- and 72nd-largest construction companies). [four] Other notable subsidiaries include Samsung Life Insurance (the globe'due south 14th-largest life insurance company), [5] Samsung Everland (operator of Everland Resort, the oldest theme park in South Korea), [6] Samsung Techwin (a surveillance, helmsmanship, optoelectronics, automations and weapons technology visitor) and Cheil Worldwide (the world'southward 19th-largest advertising agency measured by 2010 revenues). [vii] [8]

Samsung has a powerful influence on South korea'due south economical development, politics, media and civilisation, and has been a major driving force behind the "Phenomenon on the Han River". [9] [10] Its affiliate companies produce around a fifth of South Korea'south total exports. [xi]

Contents

  • 1 Name
  • 2 History
    • 2.ane 1938 to 1970
    • 2.2 1970 to 1990
    • ii.3 1990 to 2000
    • 2.4 2000 to 2012
    • 2.5 Acquisitions and attempted acquisitions
  • iii Operations
    • 3.1 Subsidiaries and affiliates
      • 3.1.1 Ace Digitech
      • 3.1.two Cheil Industries
      • 3.1.3 Cheil Worldwide
      • 3.one.4 Credu
      • 3.1.5 Imarket Korea
      • three.1.six Samsung Menu
      • 3.1.7 Samsung C&T Corporation
      • 3.1.viii Samsung Electro-Mechanics
      • 3.1.nine Samsung Electronics
      • three.one.ten Samsung Engineering science
      • 3.1.eleven Samsung Fine Chemicals
      • three.1.12 Samsung Fire & Marine Insurance
      • 3.1.13 Samsung Heavy Industries
      • 3.1.xiv Samsung Life Insurance
      • three.1.15 Samsung Auto Tools
      • 3.1.xvi Samsung SDI
      • 3.1.17 Samsung Securities
      • 3.1.xviii Samsung Techwin
      • 3.ane.19 Shilla Hotels and Resorts
      • three.1.20 S1 Corporation
    • iii.2 Joint ventures
      • iii.2.1 Current
        • 3.2.1.ane aT Grain
        • 3.2.1.2 Brooks Automation Asia
        • 3.2.1.iii POSCO-Samsung Slovakia Steel Processing Center
        • 3.2.1.4 POSCO-Samsung Suzhou Steel Processing Center
        • 3.two.one.5 Samsung Air China Life Insurance
        • 3.two.one.6 Samsung Bioepis
        • iii.ii.i.7 Samsung Biologics
        • 3.ii.1.8 Samsung BP Chemicals
        • 3.2.1.9 Samsung Corning Precision Glass
        • 3.2.i.10 Samsung Sumitomo LED Materials
        • three.2.1.eleven Samsung Thales
        • 3.2.1.12 Samsung Full
        • 3.2.1.13 SB LiMotive
        • 3.2.ane.xiv SD Flex
        • 3.2.ane.15 Sermatech Korea
        • 3.2.ane.16 Siam Samsung Life Insurance
        • 3.2.ane.17 Siltronic Samsung Wafer
        • iii.2.1.18 SMP
        • 3.ii.ane.19 Steco
        • iii.2.1.20 Stemco
        • 3.2.i.21 Toshiba Samsung Storage Engineering science
      • 3.two.ii Defunct
        • three.ii.ii.1 Alpha Processor
        • 3.2.2.two GE-Samsung Lighting
        • 3.2.2.3 Global Steel Exchange
        • 3.2.2.iv S-LCD
    • 3.3 Partially endemic companies
      • iii.3.1 Atlantico Sul
      • 3.3.ii DGB Fiscal Grouping
      • 3.3.3 Doosan Engine
      • 3.three.iv Korea Aerospace Industries
      • 3.3.5 MEMC KOREA
      • 3.3.vi Rambus Incorporated
      • 3.3.7 Renault Samsung Motors
      • iii.3.viii Seagate Technology
      • 3.3.nine SungJin Geotec
      • 3.3.10 Taylor Free energy
  • 4 Major customers
  • five Logo
    • 5.1 Audio logo
  • 6 Samsung Medical Center
  • vii Sports Sponsorships
  • viii Price fixing
    • 8.1 DRAM toll cartel
    • 8.2 CRT drinking glass price cartel
    • eight.3 Liquid crystal panel cartel
  • 9 See as well
  • x References
  • xi External links

Name

According to the founder of Samsung Group, the meaning of the Korean hanja word Samsung (三星) is "tristar" or "3 stars". The word "three" represents something "big, numerous and powerful"; the "stars" hateful eternity. [12]

History

1938 to 1970

The headquarters of Samsung Sanghoe in Daegu in the belatedly 1930s

In 1938, [13] Lee Byung-chull (1910–1987) of a big landowning family in the Uiryeong canton came to the nearby Daegu city and founded Samsung Sanghoe (삼성상회, 三星商會), a small trading company with forty employees located in Su-dong (now Ingyo-dong). Information technology dealt in groceries produced in and around the city and produced its own noodles. The visitor prospered and Lee moved its head office to Seoul in 1947. When the Korean State of war broke out, even so, he was forced to go out Seoul and started a sugar refinery in Busan named Cheil Jedang. Later on the war, in 1954, Lee founded Cheil Mojik and built the establish in Chimsan-dong, Daegu. It was the largest woollen manufactory ever in the country and the visitor took on the aspect of a major visitor.

Samsung diversified into many areas and Lee sought to help establish Samsung as an industry leader in a wide range of enterprises, moving into businesses such as insurance, securities, and retail. Lee placed great importance on industrialization, and focused his economic development strategy on a handful of large domestic conglomerates, protecting them from competition and assisting them financially. [14]

In 1948, Cho Hong-jai (the Hyosung grouping's founder) jointly invested in a new company called Samsung Mulsan Gongsa (삼성물산공사), or the Samsung Trading Corporation, with the Samsung Group founder Lee Byung-chull. The trading business firm grew to become the present-24-hour interval Samsung C&T Corporation. But later some years Cho and Lee separated due to differences in management between them. He wanted to get up to a thirty% group share. After settlement, Samsung Group was separated into Samsung Grouping and Hyosung Group, Hankook Tire, and others. [15] [16]

In the belatedly 1960s, Samsung Group entered into the electronics industry. It formed several electronics-related divisions, such as Samsung Electronics Devices Co., Samsung Electro-Mechanics Co., Samsung Corning Co., and Samsung Semiconductor & Telecommunications Co., and made the facility in Suwon. Its first product was a black-and-white television gear up.

1970 to 1990

The SPC-m, introduced in 1982, was Samsung's first personal figurer (Korean market place only) and uses an audio cassette record to load and salve information – the floppy bulldoze was optional [17]

In 1980, Samsung acquired the Gumi-based Hanguk Jeonja Tongsin and entered the telecommunications hardware industry. Its early products were switchboards. The facility were developed into the phone and fax manufacturing systems and became the centre of Samsung's mobile telephone manufacturing. They take produced over 800 1000000 mobile phones to date. [18] The company grouped them together under Samsung Electronics Co., Ltd. in the 1980s.

After the founder's death in 1987, Samsung Grouping was separated into four business organisation groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group. [xix] Shinsegae (discount store, department store) was originally part of Samsung Group, separated in the 1990s from the Samsung Group along with CJ Group (Nutrient/Chemicals/Entertainment/logistics) and the Hansol Group (Newspaper/Telecom). Today these separated groups are independent and they are not role of or connected to the Samsung Group. [20] Ane Hansol Group representative said, "Only people ignorant of the laws governing the business organisation world could believe something then absurd," adding, "When Hansol separated from the Samsung Grouping in 1991, it severed all payment guarantees and share-holding ties with Samsung affiliates." I Hansol Grouping source asserted, "Hansol, Shinsegae, and CJ accept been under independent management since their respective separations from the Samsung Group." 1 Shinsegae Department Store executive director said, "Shinsegae has no payment guarantees associated with the Samsung Group." [20]

In the 1980s, Samsung Electronics began to invest heavily in research and development, investments that were pivotal in pushing the company to the forefront of the global electronics industry. In 1982, it built a television assembly institute in Portugal; in 1984, a plant in New York; in 1985, a institute in Tokyo; in 1987, a facility in England; and some other facility in Austin in 1996. Equally of 2012, Samsung has invested more than US$13 billion in the Austin facility, which operates under the name Samsung Austin Semiconductor LLC. This makes the Austin location the largest foreign investment in Texas and one of the largest single strange investments in the United States. [21] [22]

1990 to 2000

Samsung started to ascent as an international corporation in the 1990s. Samsung'southward construction co-operative was awarded a contract to build ane of the two Petronas Towers in Malaysia, Taipei 101 in Taiwan and the Burj Khalifa in United Arab Emirates. [23] In 1993, Lee Kun-hee sold off ten of Samsung Group'south subsidiaries, downsized the company, and merged other operations to concentrate on 3 industries: electronics, engineering, and chemicals. In 1996, the Samsung Grouping reacquired the Sungkyunkwan University foundation.

Samsung became the largest producer of memory chips in the world in 1992, and is the world'due south second-largest chipmaker after Intel (see Worldwide Acme twenty Semiconductor Market Share Ranking Yr by Twelvemonth). [24] In 1995, it created its showtime liquid-crystal display screen. Ten years afterward, Samsung grew to exist the globe's largest manufacturer of liquid-crystal display panels. Sony, which had not invested in large-size TFT-LCDs, contacted Samsung to cooperate, and, in 2006, South-LCD was established equally a articulation venture between Samsung and Sony in order to provide a stable supply of LCD panels for both manufacturers. S-LCD was owned by Samsung (l% plus 1 share) and Sony (l% minus i share) and operates its factories and facilities in Tangjung, South Korea. As on 26 December 2011 it was announced that Samsung had acquired the stake of Sony in this joint venture. [25]

Compared to other major Korean companies, Samsung survived the 1997 Asian financial crunch relatively unharmed. However, Samsung Motor was sold to Renault at a pregnant loss. As of 2010[update], Renault Samsung is eighty.ane percent endemic by Renault and nineteen.ix percent endemic past Samsung. Additionally, Samsung manufactured a range of aircraft from the 1980s to 1990s. The company was founded in 1999 equally Korea Aerospace Industries (KAI), the result of merger between then 3 domestic major aerospace divisions of Samsung Aerospace, Daewoo Heavy Industries, and Hyundai Space and Aircraft Visitor. However, Samsung all the same manufactures shipping engines and gas turbines. [26]

2000 to 2012

The Samsung pavilion at Expo 2012

In 2001 Samsung Techwin became the sole supplier of a combustor module for the Rolls-Royce Trent 900 used by the Airbus A380, the earth's largest passenger airliner. [27] Samsung Techwin is as well a revenue-sharing participant in the Boeing's 787 Dreamliner GEnx engine program. [28]

In 2010, Samsung announced a 10-year growth strategy centred around five businesses. [29] One of these businesses was to be focused on biopharmaceuticals, to which the Company has committed ₩2.1 trillion. [xxx]

In Dec 2011, Samsung Electronics sold its hard disk drive (HDD) business concern to Seagate. [31]

In the 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. [32] [33] In the August 21st edition of the Austin American-Statesman, Samsung confirmed plans to spend 3 to 4 billion dollars converting half of its Austin chip manufacturing plant to a more profitable chip. [34] The conversion should start in early 2013 with product on line by the end of 2013.

On August 24, 2012, 9 U.S jurors ruled that Samsung had to pay Apple Incorporated US$1.05 billion dollars in damages for violating six of its patents on smartphone engineering. The award was still less than the US$2.5 billion dollars requested by Apple. The decision too ruled that Apple didn't violate 5 Samsung patents that were in the case [35] Samsung decried the decision saying that the move could impairment innovation in the sector. [36] It also followed a South Korean ruling that said both companies were guilty of infringing on each other'due south intellectual property. [37] In the first trading after the ruling, Samsung shares on the Kospi index fell vii.vii%, the largest autumn since October 24, 2008, to 1,177,000 Korean won. [38] Apple then sought to ban the sales of 8 Samsung phones (Galaxy S 4G, Milky way S2 AT&T, Galaxy S2 Skyrocket, Milky way S2 T-Mobile, Galaxy S2 Epic 4G, Galaxy South Showcase, Droid Charge and Galaxy Prevail) in the United states [39] which has been denied by Approximate Koh. [40]

On September iv, 2012, Samsung announced it plans to examine all of its Chinese suppliers for possible violations of labor policies. The company said it volition acquit out audits of 250 Chinese companies that are its exclusive suppliers to run into if children under the age of 16 are being used in their factories. [41]

Acquisitions and attempted acquisitions

For a company of its size Samsung has made relatively few acquisitions. [42]

Rollei – Swiss watch battle
Samsung Techwin acquired a German camera-maker Rollei on 1995. Samsung (Rollei) used its optic expertise on the crystals of a new line of 100% Swiss-made watches, designed by a team of watchmakers at Nouvelle Piquerez Due south.A. in Bassequort, Switzerland. Rolex's conclusion to fight Rollei on every front end stemmed from the close resemblance between the two names and fears that its sales would endure every bit a consequence. In the confront of such a threat, the Geneva firm decided to face up. This was too a demonstration of the Swiss watch industry's determination to defend itself when an established make is threatened. Rolex sees this front-line boxing as vital for the entire Swiss watch industry. Rolex has succeeded in keeping Rollei out of the German market. On eleven March 1995 the Cologne Commune courtroom prohibited the advertisement and sale of Rollei watches on High german territory. [43] [44]
Fokker, a Dutch aircraft maker
Samsung lost a take a chance to revive its failed bid to take over Dutch aircraft maker Fokker when other airplane makers rejected its offer to class a consortium. The three proposed partners – Hyundai, Hanjin and Daewoo – have notified the Southward Korean government that they will not bring together Samsung Aerospace Industries Ltd. [45]
AST Research
Samsung bought AST (1994) and tried to pause into Due north America, just the effort foundered. Samsung was forced to close the California-based computer maker post-obit mass defection of inquiry staff and a string of losses. [46]
FUBU clothing and apparel
In 1992, Daymond John had started the company with a hat collection that was made in his house in the Queens area of New York Metropolis. To fund the company, John had to mortgage his house for $100,000. With his friends, namely J. Alexander Martin, Carl Brown and Keith Perrin, one-half of his firm was turned into the first factory of FUBU, while the other half remained as the living quarters. Along with the expansion of FUBU, Samsung invested in FUBU in 1995. [47]
Lehman Brothers Holdings' Asian operations
Samsung Securities was one of a handful of brokerages looking into Lehman Brothers Holdings. But Nomura Holdings has reportedly waved the biggest check to win its bid for Lehman Brothers Holdings' Asian operations, chirapsia out Samsung Securities, Standard Chartered, and Barclays. [48] Ironically, afterward few months Samsung Securities Co., Ltd. and Urban center of London-based N K Rothschild & Sons (more than commonly known but as Rothschild) have agreed to class a strategic alliance in investment cyberbanking business. Two parties will jointly work on cross border mergers and acquisition deals. [49]
MEDISON Co.,Ltd. – Ultrasound Monitors
In December 2010, Samsung Electronics Co. bought MEDISON Co.,Ltd., a South Korean medical-equipment visitor, the first step in a long-discussed programme to diversify from consumer electronics. [50]
Grandis Inc. – retention developer
In July 2011, Samsung announced that information technology had acquired spin-transfer torque random admission retentiveness (MRAM) vendor Grandis Inc. [51] Grandis will go a part of Samsung's R&D operations and will focus on development of next generation random-access retentiveness. [52]
Samsung and Sony joint venture – LCD display
On December 26, 2011 the board of Samsung Electronics canonical a plan to purchase Sony'southward unabridged pale in their 2004 joint liquid crystal display (LCD) venture for i.08 trillion won ($938.97 meg). [53]
mSpot, Inc – Music Service
On May ix, 2012, mSpot announced that it had been acquired past Samsung Electronics with the intention of a cloud based music service. [54] The succeeding service was Samsung Music Hub.
NVELO, Inc. – Enshroud Software Developer
In December 2012, Samsung announced that it had caused the privately held storage software vendor NVELO, Inc., based in Santa Clara, California. [55] NVELO will become part of Samsung's R&D operations, and will focus on software for intelligently managing and optimizing next-generation Samsung SSD storage subsystems for consumer and enterprise computing platforms.
NeuroLogica – Portable CT scanner
In Jan 2013, Samsung announced that it has acquired medical imaging company NeuroLogica, office of the multinational conglomerate'due south plans to build a leading medical engineering science business. Terms of the deal were not disclosed. [56]

Operations

Samsung Group headquarters at Samsung Town, Seoul

Samsung comprises around eighty companies. [57] It is highly diversified, with activities in areas including structure, electronics, financial services, shipbuilding and medical services. [57]

In FY 2009, Samsung reported consolidated revenues of 220 trillion KRW ($172.5 billion). In FY 2010, Samsung reported consolidated revenues of 280 trillion KRW ($258 billion), and profits of 30 trillion KRW ($27.6 billion) (based upon a KRW-USD commutation rate of i,084.v KRW per USD, the spot charge per unit as of nineteen August 2011 (2011-08-19) [update]). [58] Withal, it should be noted that these amounts do not include the revenues from all of Samsung's subsidiaries based exterior South Korea. [59]

Subsidiaries and affiliates

As of April 2011 the Samsung Grouping comprised 59 unlisted companies and xix listed companies, all of which had their primary listing on the Korea Substitution stock-exchange. [lx]

Primary subsidiary and chapter companies of Samsung include:

Ace Digitech

Ace Digitech is listed on the Korea Commutation stock-substitution (number 036550).

Cheil Industries

Cheil Industries is listed on the Korea Commutation stock-exchange (number 001300).

Cheil Worldwide

Cheil Worldwide is listed on the Korea Exchange stock-exchange (number 030000).

Credu

Credu is listed on the Korea Exchange stock-exchange (number 067280).

Imarket Korea

Imarket Korea is listed on the Korea Exchange stock-commutation (number 122900).

Samsung Carte

Samsung Card is listed on the Korea Exchange stock-commutation (number 029780).

Samsung C&T Corporation

Samsung C&T Corporation is listed on the Korea Exchange stock-exchange (000830).

Samsung Electro-Mechanics

Samsung Electro-Mechanics, established in 1973 as a manufacturer of key electronic components, is headquartered in Suwon, Gyeonggi-do, South korea. Information technology is listed on the Korea Exchange stock-exchange (number 009150). [61]

Samsung Electronics

Samsung Electronics Co., Ltd. is a multinational electronics and information technology company headquartered in Suwon and the flagship company of the Samsung Group. [62] Its products include air conditioners, computers, digital televisions, liquid crystal displays (including thin film transistors (TFTs) and active-matrix organic light-emitting diodes (AMOLEDs)), mobile phones, monitors, printers, refrigerators, semiconductors and telecoms networking equipment. [63] It is the world's largest mobile phone maker by unit sales in the first quarter of 2012, with a global marketplace share of 25.four%. [64] It is as well the world'due south second-largest semiconductor maker by 2011 revenues (later Intel). [65]

Samsung Electronics is listed on the Korea Exchange stock-exchange (number 005930).

The headquarters of Samsung Engineering in Seoul

Samsung Applied science

Principal commodity: Samsung Engineering

Samsung Engineering Co., Ltd. is a multinational construction company headquartered in Seoul. It was founded in January 1970. Its principal activity is the construction of oil refining plants; upstream oil and gas facilities; petrochemical plants and gas plants; steel making plants; power generation plants; water treatment facilities; and other infrastructure. [66] Information technology achieved total revenues of ix,298.2 billion won (The states$8.06 billion) in 2011. [67]

Samsung Engineering is listed on the Korea Exchange stock-exchange (number 028050).

Samsung Fine Chemicals

Samsung Fine Chemicals is listed on the Korea Exchange stock-exchange (number 004000).

Samsung Fire & Marine Insurance

Main article: Samsung Burn down & Marine Insurance

Samsung Fire & Marine Insurance Co., Ltd. is a multinational full general insurance company headquartered in Seoul. [68] It was founded in January 1952 as Korea Anbo Burn and Marine Insurance Co., Ltd. and was renamed Samsung Fire & Marine Insurance in December 1993. [69] Samsung Fire & Marine Insurance offers services including accident insurance, automobile insurance, prey insurance, fire insurance, liability insurance, marine insurance, personal pensions and loans. [lxx] As of March 2011 information technology had operations in 10 countries and 6.5 million customers. [70] Samsung Burn down & Marine Insurance had a full premium income of Us$xi.7 billion in 2011 and total assets of US$28.81 billion at 31 March 2011. [70] It is the largest provider of general insurance in Republic of korea.

Samsung Fire has been listed on the Korea Commutation stock-substitution since 1975 (number 000810). [70]

Samsung Heavy Industries

Main article: Samsung Heavy Industries

Samsung Heavy Industries Co., Ltd. is a shipbuilding and engineering visitor headquartered in Seoul. It was founded in August 1974. Its principal products are bulk carriers, container vessels, crude oil tankers, cruisers, passenger ferries, cloth handling equipment steel and bridge structures. [71] It achieved total revenues of xiii,358.6 billion won in 2011 and is the world's 2nd-largest shipbuilder by revenues (subsequently Hyundai Heavy Industries). [72] [73]

Samsung Heavy Industries is listed on the Korea Exchange stock-exchange (number 010140).

Samsung Life Insurance

Main article: Samsung Life Insurance

Samsung Life Insurance Co., Ltd. is a multinational life insurance company headquartered in Seoul. Information technology was founded in March 1957 as Dongbang Life Insurance and became an chapter of the Samsung Grouping in July 1963. [74] Samsung Life's principal activity is the provision of individual life insurance and annuity products and services. [75] As of Dec 2011 it had operations in vii countries, 8.08 one thousand thousand customers and 5,975 employees. [74] Samsung Life had total sales of 22,717 billion won in 2011 and total avails of 161,072 billion won at 31 December 2011. [74] It is the largest provider of life insurance in South korea.

Samsung Life Insurance is listed on the Korea Exchange stock-exchange (number 032830).

Samsung Automobile Tools

Samsung Car Tools of America is a national distributor of machines in the United States. [76]

Samsung SDI

Samsung SDI is listed on the Korea Exchange stock-exchange (number 006400). On Dec 5, 2012 the antitrust regulators of European Marriage fined Samsung SDI and several other major companies for fixing prices of TV cathode-ray tubes in 2 cartels lasting nearly a decade. [77]

Samsung Securities

Samsung Securities is listed on the Korea Exchange stock-exchange (number 016360).

Samsung Techwin

Samsung Techwin is listed on the Korea Exchange stock-exchange (number 012450).

Shilla Hotels and Resorts

Shilla Hotels and Resorts is listed on the Korea Substitution stock-exchange (number 008770).

S1 Corporation

S1 Corporation is listed on the Korea Substitution stock-exchange (number 012750).

Joint ventures

Current

aT Grain

State-run Korea Agro-Fisheries Trade Corp. prepare up the venture, aT Grain Co., in Chicago, with three other South Korean companies, Korea Agro-Fisheries owns 55 percent of aT Grain, while Samsung C&T Corp, Hanjin Transportation Co. and STX Corporation. each hold 15 percent. [78]

Brooks Automation Asia

Brooks Automation Asia Co., Ltd. is a joint venture betwixt Brooks Automation (70%) and Samsung (thirty%) which was established in 1999. The venture locally manufactures and configure vacuum wafer handling platforms and 300mm Front-Opening Unified Pod (FOUP) load port modules, and designs, manufactures and configures atmospheric loading systems for apartment panel displays. [79]

POSCO-Samsung Slovakia Steel Processing Center

Company POSS – SLPC southward.r.o. was founded in 2007 as a subsidiary of Samsung C & T Corporation, Samsung C & T Deutschland and the company POSCO. [80]

POSCO-Samsung Suzhou Steel Processing Center

[80]

Samsung Air China Life Insurance

Samsung Air Red china Life Insurance Co., Ltd. is a 50:50 articulation venture between Samsung Life Insurance and China National Aviation Corporation. It was established in Beijing in July 2005. [81]

Samsung Bioepis

Samsung Bioepis is a joint venture between Samsung Biologics (85%) and the United States-based Biogen Idec (15%). [82]

Samsung Biologics

Samsung Electronics Co. and Samsung Everland Inc. will each own a 40 pct pale in the venture, with Samsung C&T Corp. and Durham, North Carolina-based Quintiles each holding 10 percent. It volition contract-make medicines made from living cells, and Samsung Group plans to expand into producing copies of biologics including Rituxan, the leukemia and lymphoma handling sold by Roche Holding AG and Biogen Idec Inc. [83]

Samsung BP Chemicals

Samsung BP Chemicals Co., Ltd is a 50:l joint venture between Samsung and the United Kingdom-based BP, which was established in 1989 to produce and supply high-value-added chemical products.

Samsung Corning Precision Drinking glass

Samsung Corning Precision Drinking glass is a joint venture between Samsung and Corning, which was established in 1973 to industry and market cathode ray tube glass for black and white televisions. The company'south beginning LCD glass substrate manufacturing facility opened in Gumi, Korea in 1996.

Samsung Sumitomo LED Materials

Samsung Sumitomo LED Materials is a Korea-based articulation venture between Samsung LED Co., Ltd., an LED maker based in Suwon, Korea-based and the Nippon-based Sumitomo Chemic. The JV will carry out research and development, manufacturing, and sales of sapphire substrates for LEDs. [84]

Samsung Thales

Samsung Thales Co., Ltd. (until 2001 known as Samsung Thomson-CSF Co., Ltd.) is a articulation venture betwixt Samsung Techwin and the French republic-based aerospace and defense visitor Thales. Information technology was established in 1978 and is based in Seoul. [85]

Samsung Total

Samsung Total is a 50:50 articulation venture between Samsung and the France-based oil group Total S.A. (more specifically Samsung General Chemicals and Total Petrochemicals).

SB LiMotive

SB LiMotive is a 50:50 joint company of Robert Bosch GmbH(unremarkably known as Bosch) and Samsung SDI founded in June 2008. The articulation venture develops and manufactures lithium-ion batteries for utilize in hybrid-, plug-in hybrid vehicles and electric vehicles.

SD Flex

SD Flex Co., Ltd. was founded on Oct 2004 as a joint venture corporation by Samsung and DuPont, one of the earth'southward largest chemical company. [86]

Sermatech Korea

Sermatech owns 51% of its stock, while Samsung owns the remaining 49%. The U.South. firm Sermatech International, for a business focusing on highly specialized aircraft construction processes such as special welding and brazing. [87]

Siam Samsung Life Insurance

Samsung Life Insurance, holds a 37% stake while Saha Grouping also has a 37.5% stake in the joint venture, with the remaining 25% owned past Thanachart Banking company. [88]

Siltronic Samsung Wafer

Siltronic Samsung Wafer Pte. Ltd, the joint venture past Samsung and wholly owned Wacker Chemie subsidiary Siltronic, was officially opened in Singapore in June 2008. [89]

SMP

SMP Ltd. is a joint venture betwixt Samsung Fine Chemicals and MEMC. MEMC Electronic Materials Inc. and an affiliate of Korean conglomerate Samsung are forming a articulation venture to build a polysilicon institute.

Steco

Steco Co., Ltd. is established as the articulation – venture company with Samsung Electronics Co., Ltd and Japan TORAY in 1995. [xc]

Stemco

Stemco is a joint venture between Samsung Electro-Mechanics and the Nihon-based Toray Industries which was established in 1995. [91]

Toshiba Samsung Storage Technology

Toshiba Samsung Storage Engineering science Corporation (TSST) is articulation venture betwixt Samsung Electronics and Toshiba of Japan which specialises in optical disc bulldoze manufacturing. TSST was formed in 2004, and Toshiba owns 51% of its stock, with Samsung owns the remaining 49%.

Defunct

Alpha Processor

In 1998, Samsung created a U.Due south. articulation venture with Compaq—chosen Alpha Processor Inc. (API)--to aid it enter the loftier-end processor market. The venture was likewise aimed at expanding Samsung'south non-memory chip business concern past fabricating Alpha processors. At the time, Samsung and Compaq invested $500 million in Alpha Processor. [92]

GE-Samsung Lighting

GE Samsung Lighting was a joint venture between Samsung and the GE Lighting subsidiary of Full general Electric. The venture was established in 1998 and was cleaved up in 2009. [93]

Global Steel Exchange

Global Steel Exchange was a articulation venture formed in 2000 between Samsung, the United states of america-based Cargill, the Switzerland-based Duferco Group, and the Luxembourg-based Tradearbed (now role of the ArcelorMittal), to handle their online ownership and selling of steel. [94]

Southward-LCD

Southward-LCD Corporation was a articulation venture betwixt Samsung Electronics (50% plus one share) and the Japan-based Sony Corporation (50% minus ane share) which was established in April 2004. On Dec 26, 2011, Samsung Electronics announced that it would learn all of Sony's shares in the venture.

Partially owned companies

Atlantico Sul

Samsung Heavy Industries currently owns x percent of the Brazilian shipbuilder Atlantico Sul, which operates the largest shipyard in South America. Joao Candido, the largest ship built to date in Brazil, was built past Atlantico Sul with technology supplied by Samsung Heavy Industries. [95]

DGB Financial Grouping

Samsung Life Insurance currently holds a seven.four% stake in the Southward Korean banking company DGB Financial Group, making it the largest shareholder. [96]

Doosan Engine

Samsung Heavy Industries currently holds a 14.i percent stake in Doosan Engine, making it the 2nd-biggest shareholder. [97]

Korea Aerospace Industries

Samsung Techwin currently holds a ten percent stake in Korea Aerospace Industries (KAI). Other major shareholders include the land-owned Korea Finance Corporation (26.75 pct), Hyundai Motor (10 percent) and Doosan (ten percent). [98]

MEMC KOREA

MEMC'south joint venture with Samsung Electronics Company, Ltd. In 1990, MEMC entered into a articulation venture agreement to construct a silicon plant in Korea. [99]

Rambus Incorporated

Samsung currently owns 4.nineteen percent of Rambus Incorporated. [100]

Renault Samsung Motors

Samsung currently owns xix.ix percent of the automobile manufacturer Renault Samsung Motors.

Seagate Engineering science

Samsung currently owns 9.6 percent of Seagate Applied science, making it the 2d-largest shareholder. Under a shareholder understanding, Samsung has the right to nominate an executive to Seagate's Board of Directors. [101]

SungJin Geotec

Samsung Technology holds a 10 percent stake in Sungjin Geotec, an offshore oil drilling company that is a subsidiary of POSCO. [102]

Taylor Free energy

Taylor Energy is an contained American oil visitor that drills in the Gulf of Mexico based in New Orleans, Louisiana. [103] Samsung Oil & Gas USA Corp., subsidiaries of Samsung, currently owns twenty% of Taylor Free energy.

Major customers

The world's largest oil and gas project, Sakhalin II- Lunskoye platform under structure. The topside facilities of the LUN-A (Lunskoye) and PA-B (Piltun Astokhskoye) platforms are being built at the Samsung Heavy Manufacture shipyard in South Korea. [104]

Major customers of Samsung include:

Purple Dutch Beat
Samsung Heavy Industries will be the sole provider of liquefied natural gas (LNG) storage facilities worth up to US$fifty billion to Regal Dutch Vanquish for the next 15 years. [105] [106]
Shell has unveiled plans to build the globe'due south kickoff floating liquefied natural gas (FLNG) platform. At Samsung Heavy Industries' shipyard on Geoje Island in South Korea, work is about to start[ when? ] on a "ship" that, when finished and fully loaded, will counterbalance 600,000 tonnes – the world's biggest "send". That is six times every bit much equally the biggest Usa aircraft carrier. [107]
United Arab Emirates government
A consortium of Southward Korean firms – including Samsung, Korea Electrical Power Corp and Hyundai – has won a bargain worth forty billion dollars to build nuclear power plants in the United Arab Emirates. [108]
Ontario government
The government of the Canadian province of Ontario signed off one of the globe's largest renewable free energy projects, signing a $6.6bn deal that will result in two,500 MW of new air current and solar free energy capacity existence congenital. Under the understanding a consortium – led past Samsung and the Korea Electric Power Corporation – will manage the development of two,000 MW-worth of new current of air farms and 500 MW of solar capacity, while also edifice a manufacturing supply chain in the province. [109]

The Samsung Byeolpyo noodles logo, used from late 1938 until replaced in 1958.

The Samsung Group logo, used from late 1969 until replaced in 1979

The Samsung Group logo ("three stars"), used from belatedly 1980 until replaced in 1992

The Samsung Electronics logo, used from late 1980 until replaced in 1992

Samsung's current logo, in use since 1993. [110]

The electric current Samsung logo pattern is intended to emphasize flexibility and simplicity while conveying a dynamic and innovative image through the ellipse, the symbol of the universe and the world stage. The openings on both ends of the ellipse where the letters "Due south" and "G" are located are intended to illustrate the company's open-mindedness and the want to communicate with the earth. The English rendering is a visual expression of its core corporate vision, excellence in customer service through technology.

The basic color in the logo is blue, the color that the company has had used in its logos for years. The blue color symbolizes stability and reliability, which are precisely what the visitor wishes to accomplish with its customers. It also stands for social responsibleness every bit a corporate citizen, a company official explained. [111]

Samsung has an sound logo, which consists of the notes E♭, A♭, D♭, E♭. The sound logo was produced past Musikvergnuegen and written by Walter Werzowa. [112] [113]

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. [114] Samsung Medical Center incorporates Samsung Seoul Infirmary, Kangbook Samsung Infirmary, Samsung Changwon Infirmary, Samsung Cancer Center and Samsung Life Sciences Research Center. Samsung Cancer Eye, located in Seoul, is the largest cancer center in Asia. [115] Samsung Medical Center and the multinational pharmaceuticals company Pfizer have agreed to interact on research to identify the genomic mechanisms responsible for clinical outcomes in hepatocellular carcinoma. [116]

For more details on Samsung'southward sports sponsorships, see Samsung Sports.

Samsung sponsors Bundesliga club Bayern Munich. [117] Samsung are the current sponsors of the English Premier League football club Chelsea Football Society. They as well sponsor English Football game League One clubs Swindon Boondocks and Leyton Orient. [118]

Samsung, which started every bit a domestic sponsor of the Olympics in Seoul 1988, has been a worldwide Olympic partner since the 1998 Wintertime Olympics. [119]

Samsung operating many sports clubs, football club Suwon Samsung Bluewings, baseball club Samsung Lions, basketball lodge Seoul Samsung Thunders, volleyball order Daejeon Samsung Fire Bluefangs and etc.

Samsung too sponsors a sometime Starcraft Brood State of war and current Starcraft 2 Professional Gaming Team named Samsung Khan. Samsung has sponsored the squad since 2000.

Cost fixing

DRAM price cartel

Samsung was fined EUR 145,727,000 for being part of a price dare of 10 companies for DRAMs which lasted from 1 July 1998 to 15 June 2002. The company received, like most of the other members of the cartel, a x-% reduction for acknowledging the facts to investigators. Samsung had to pay 90% of their share of the settlement, but Micron avoided payment every bit a result of having initially revealed the case to investigators. [120]

CRT glass price cartel

Samsung Corning Precision Materials participated in a price cartel of iv companies for CRT glass which lasted from 23 February 1999 to 27 Dec 2004. Samsung Corning Precision Materials received total immunity and was therefore non fined equally it revealed the existence of the cartel to the European Committee. [121]

Liquid crystal panel cartel

In December of 2010, the European Commission fined six LCD panel producers, including Samsung, a total of €648.925 million for operating as a cartel. The company received a full reduction of the potential fine for being the starting time firm to assistance Eu anti-trust authorities. [122]

Run into too

Economy of South korea
South Korea's GDP (PPP) growth from 1911 to 2008.png
History
  • Phenomenon on the Han River
  • 1997 financial crisis
Companies
  • Daftar/Tabel -- companies
  • Chaebol
  • Samsung (Chaebol)
  • Hyundai (Chaebol)
  • LG (Chaebol)
  • SK (Chaebol)
Manufacture
  • Currency
  • Communications
  • Tourism
  • Transportation
  • Real estate
  • Fiscal services
  • Nuclear power
Rankings
  • Regions by GDP per capita
  • International rankings
Related topics
  • Scientific discipline and technology
  • Cities

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External links

  • Official website
  • Samsung Apps
  • Samsung eStore
  • Samsung on Twitter

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