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Samsung

This article is about the conglomerate. For the electronics subsidiary, see Samsung Electronics. For other uses, see Samsung (disambiguation).
Not to be confused with Samsun, Samson, Sanson, or Sampson.

Samsung Group
Native name
삼성그룹
Company typePrivate
IndustryConglomerate
Founded1 March 1938 (86 years ago) (1938-03-01) in Daegu, Korea, Empire of Japan
FounderLee Byung-chul
HeadquartersSamsung Town,
Seoul
,
South Korea
Area served
Worldwide
Key people
Lee Jae-yong (Chairman)
Subsidiaries
Websitesamsung.com
Samsung
Hangul
삼성
Hanja
三星
Revised RomanizationSamseong
McCune–ReischauerSamsŏng
Economy of South Korea
History
Business culture
Industries
Regional
Related topics

Samsung Group[1] (Korean: 삼성; Hanja: 三星; RR: samseong [samsʌŋ]; stylised as SΛMSUNG) is a South Korean multinational manufacturing conglomerate headquartered in the Samsung Town office complex in Seoul. The group consists of numerous affiliated businesses,[2] most of which operate under the Samsung brand, and is the largest chaebol (business conglomerate) in South Korea. As of 2024, Samsung has the world's fifth-highest brand value.[3]

Founded in 1938 by Lee Byung-chul as a trading company, Samsung diversified into various sectors, including food processing, textiles, insurance, securities, and retail, over the next three decades. In the late 1960s, Samsung entered the electronics industry, followed by the construction and shipbuilding sectors in the mid-1970s—areas that would fuel its future growth. After Lee died in 1987, Samsung was divided into five business groups: Samsung Group, Shinsegae Group, CJ Group, Hansol Group, and JoongAng Group.

Key affiliates of Samsung include Samsung Electronics, the world's largest information technology company, consumer electronics maker and chipmaker by 2017 revenues;[4][5] Samsung Heavy Industries, the world's second-largest shipbuilder by 2010 revenues;[6] and Samsung Engineering and Samsung C&T Corporation, ranked 13th and 36th among global construction companies, respectively.[7] Other significant subsidiaries are Samsung Life Insurance, the 14th-largest life insurance company globally,[8] Samsung Everland, operator of Everland Resort (South Korea's oldest theme park),[9] and Cheil Worldwide, the world's 15th-largest advertising agency by 2012 revenues.[10][11]

  1. ^ "SAMSUNG ELECTRONICS Co., Ltd. 2020 Half-year Business Report" (PDF). Retrieved 8 September 2020.
  2. ^ "삼성계열사 전자" [Samsung Electronics Affiliates]. Samsung Group. Archived from the original on 20 September 2016.
  3. ^ "Global 500 2024 | Brand Value Ranking League Table | Brandirectory". brandirectory.com. Retrieved 9 June 2024.
  4. ^ "Samsung topples Intel to become the world's largest chipmaker – TechCrunch". techcrunch.com. Archived from the original on 25 May 2018. Retrieved 25 May 2018.
  5. ^ Mu-Hyun, Cho. "Samsung's logic chip biz turns to AI chips and 5G for change of fortune". ZDNet. Archived from the original on 3 July 2018. Retrieved 25 May 2018.
  6. ^ Park, Kyunghee (28 July 2009). "Samsung Heavy Shares Gain on Shell's Platform Orders (Update1)". Bloomberg. Archived from the original on 24 September 2011. Retrieved 11 November 2010.
  7. ^ "The Top 225 International Contractors 2013". Engineering News-Record. Archived from the original on 30 May 2013. Retrieved 25 August 2013.
  8. ^ "Global 500 2009: Industry". FORTUNE. CNN Money. 20 July 2009. Archived from the original on 31 August 2010. Retrieved 4 September 2010.
  9. ^ Valhouli, Christina (21 March 2002). "The World's Best Amusement Parks". Forbes. Archived from the original on 22 August 2010. Retrieved 11 September 2010.
  10. ^ "Cheil Worldwide Inc (030000:Korea SE)". businessweek.com. Archived from the original on 5 October 2012. Retrieved 16 September 2010.
  11. ^ "Cheil Worldwide (030000 KS)" (PDF). kdbdw.com. 26 April 2010. Archived (PDF) from the original on 4 October 2013. Retrieved 8 May 2013.
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