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Wikipedia

Samsung

January 09, 2023

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

Samsung Group,[3] or simply Samsung (Korean: 삼성 [samsʌŋ]), is a South Korean multinational manufacturing conglomerate headquartered in Samsung Town, Seoul, South Korea.[1] It comprises numerous affiliated businesses,[1] most of them united under the Samsung brand, and is the largest South Korean chaebol (business conglomerate). As of 2020, Samsung has the eighth highest global brand value.[4]

Samsung Group
Native name
삼성 (三星)
samseong (samseong)
TypePrivate
IndustryConglomerate
Founded1 March 1938; 84 years ago (1938-03-01) in Daegu, Japanese Korea
FounderLee Byung-chul
Headquarters40th floor Samsung Electronics Building, 11, Seocho-daero 74-gil,
Seocho District, Seoul
,
South Korea[1]
Area served
Worldwide
Key people
Lee Jae-yong (Chairman)
ProductsClothing, automotive, chemicals, consumer electronics, electronic components, medical equipment, semiconductors, solid state drives, DRAM, flash memory, ships, telecommunications equipment, home appliances[2]
ServicesAdvertising, construction, entertainment, financial services, hospitality, information and communications technology, medical and health care services, retail, shipbuilding, semiconductor foundry
SubsidiariesSamsung Electronics
Samsung Electro-Mechanics
Samsung SDI
Samsung SDS
Samsung Engineering
Samsung C&T Corporation
Samsung Heavy Industries
Samsung Life Insurance
Samsung Fire & Marine Insurance
Cheil Worldwide
Samsung Biologics
Websitewww.samsung.com
Samsung
Hangul
삼성
Hanja
三星
Revised RomanizationSamseong
McCune–ReischauerSamsŏng

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 five business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group, and JoongAng Group.

Notable Samsung industrial affiliates include Samsung Electronics (the world's largest information technology company, consumer electronics maker and chipmaker measured by 2017 revenues),[5][6] Samsung Heavy Industries (the world's second largest shipbuilder measured by 2010 revenues),[7] and Samsung Engineering and Samsung C&T Corporation (respectively the world's 13th and 36th largest construction companies).[8] Other notable subsidiaries include Samsung Life Insurance (the world's 14th largest life insurance company),[9] Samsung Everland (operator of Everland Resort, the oldest theme park in South Korea)[10] and Cheil Worldwide (the world's 15th largest advertising agency, as measured by 2012 revenues).[11][12]

Etymology

According to Samsung's founder, the meaning of the Korean hanja word Samsung (三星) is "three stars". The word "three" represents something "big, numerous and powerful",[13] while "stars" means "everlasting" or "eternal", like stars in the sky.[14][15]

History

1938–1970

 
Lee Byung-chul, founder of Samsung

In 1938, during Japanese-ruled Korea, Lee Byung-chul (1910–1987) of a large landowning family in the Uiryeong county moved to nearby Daegu city and founded Mitsuboshi Trading Company (株式会社三星商会 (Kabushiki gaisha Mitsuboshi Shōkai)), or Samsung Sanghoe (주식회사 삼성상회). Samsung started out as a small trading company with forty employees located in Su-dong (now Ingyo-dong).[16] It dealt in dried-fish,[16] locally-grown groceries and noodles. The company prospered and Lee moved its head office to Seoul in 1947. When the Korean War broke out, he was forced to leave Seoul. He started a sugar refinery in Busan named Cheil Jedang. In 1954, Lee founded Cheil Mojik and built the plant in Chimsan-dong, Daegu. It was the largest woollen mill ever in the country.[citation needed]

Samsung diversified into many different areas. Lee sought to establish Samsung as a leader in a wide range of industries. Samsung moved into lines of business such as insurance, securities, and retail.

In 1947, Cho Hong-jai, the Hyosung group's founder, jointly invested in a new company called Samsung Mulsan Gongsa, or the Samsung Trading Corporation, with the Samsung's founder Lee Byung-chul. The trading firm grew to become the present-day Samsung C&T Corporation. After a few years, Cho and Lee separated due to differences in management style. Cho wanted a 30 equity share. Samsung Group was separated into Samsung Group and Hyosung Group, Hankook Tire and other businesses.[17][18]

In the late 1960s, Samsung Group entered the electronics industry. It formed several electronics-related divisions, such as Samsung Electronics Devices, Samsung Electro-Mechanics, Samsung Corning and Samsung Semiconductor & Telecommunications, and opened the facility in Suwon. Its first product was a black-and-white television set.[citation needed]

1970–1990

 
The SPC-1000, introduced in 1982, was Samsung's first personal computer (sold in the Korean market only) and used an audio cassette tape to load and save data – the floppy drive was optional.[19]

In 1980, Samsung acquired the Gumi-based Hanguk Jeonja Tongsin and entered telecommunications hardware. Its early products were switchboards. The facility was developed into the telephone and fax manufacturing systems and became the center of Samsung's mobile phone manufacturing. They have produced over 800 million mobile phones to date.[20] The company grouped them together under Samsung Electronics in the 1980s.

After Lee, the founder's death in 1987, Samsung Group was separated into five business groups – Samsung Group, Shinsegae Group, CJ Group, Hansol Group and the JoongAng Group.[21] Shinsegae (discount store, department store) was originally part of Samsung Group, separated in the 1990s from the Samsung Group along with CJ Group (Food/Chemicals/Entertainment/logistics), Hansol Group (Paper/Telecom), and the JoongAng Group (Media). Today these separated groups are independent and they are not part of or connected to the Samsung Group.[22] One Hansol Group representative said, "Only people ignorant of the laws governing the business world could believe something so absurd", adding, "When Hansol separated from the Samsung Group in 1991, it severed all payment guarantees and share-holding ties with Samsung affiliates." One Hansol Group source asserted, "Hansol, Shinsegae, and CJ have been under independent management since their respective separations from the Samsung Group". One Shinsegae department store executive director said, "Shinsegae has no payment guarantees associated with the Samsung Group".[22]

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 plant in Portugal; in 1984, a plant in New York; in 1985, a plant in Tokyo; in 1987, a facility in England; and another facility in Austin, Texas, in 1996. As of 2012, Samsung has invested more than US$13,000,000,000 in the Austin facility, which operates under the name Samsung Austin Semiconductor. This makes the Austin location the largest foreign investment in Texas and one of the largest single foreign investments in the United States.[23][24]

In 1987, United States International Trade Commission order that the Samsung Group of South Korea unlawfully sold computer chips in the United States without licenses from the chip inventor, Texas Instruments Inc. The order requires Samsung to pay a penalty to Texas Instruments within the coming weeks. Otherwise, sales of all dynamic random access memory chips made by Samsung and all products using the chips would be banned in the United States. The ban includes circuit boards and equipment called single-in-line packages made by other companies that use D-RAM's made by Samsung with 64,000 or 256,000 characters of memory. It also covers computers, facsimile machines and certain telecommunications equipment and printers bearing either of the Samsung chips.[25]

1990–2000

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. It was in this period that Samsung started to rise as an international corporation in the 1990s. Samsung's construction branch was awarded contracts to build one of the two Petronas Towers in Malaysia, Taipei 101 in Taiwan and the Burj Khalifa in United Arab Emirates.[26] In 1993, Lee Kun-hee sold off ten of Samsung Group's subsidiaries, downsized the company, and merged other operations to concentrate on three industries: electronics, engineering and chemicals. In 1996, the Samsung Group reacquired the Sungkyunkwan University foundation.[citation needed]

Samsung became the world's largest producer of memory chips in 1992 and is the world's second-largest chipmaker after Intel (see Worldwide Top 20 Semiconductor Market Share Ranking Year by Year).[27] In 1995, it created its first liquid-crystal display screen. Ten years later, Samsung grew to be the world'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, S-LCD was established as a joint venture between Samsung and Sony in order to provide a stable supply of LCD panels for both manufacturers. S-LCD was owned by Samsung (50% plus one share) and Sony (50% minus one share) and operates its factories and facilities in Tanjung, South Korea. As of 26 December 2011, it was announced that Samsung had acquired the stake of Sony in this joint venture.[28]

Compared to other major Korean companies, Samsung survived the 1997 Asian financial crisis relatively unharmed. However, Samsung Motor was sold to Renault at a significant loss. As of 2010, Renault Samsung is 80.1 percent owned by Renault and 19.9 percent owned by Samsung. Additionally, Samsung manufactured a range of aircraft from the 1980s to the 1990s. The company was founded in 1999 as Korea Aerospace Industries (KAI), the result of a merger between then three domestic major aerospace divisions of Samsung Aerospace, Daewoo Heavy Industries and Hyundai Space and Aircraft Company. However, Samsung still manufactures aircraft engines and gas turbines.[29]

2000–present

 
The prominent Samsung sign in Times Square, New York City

In 2000, Samsung[who?] opened a development center in Warsaw, Poland. Its work began with set-top-box technology before moving into digital TV and smartphones. The smartphone platform was developed with partners, officially launched with the original Samsung Solstice[30] line of devices and other derivatives in 2008, which was later developed into Samsung Galaxy line of devices including Notes, Edge and other products.

 
The Samsung Group's chairman, Lee Kun-hee (left), with South Korean President Park Geun-hye, 2013

In 2007, former Samsung chief lawyer Kim Yong Chul claimed that he was involved in bribing and fabricating evidence on behalf of the group's chairman, Lee Kun-hee, and the company. Kim said that Samsung lawyers trained executives to serve as scapegoats in a "fabricated scenario" to protect Lee, even though those executives were not involved. Kim also told the media that he was "sidelined" by Samsung after he refused to pay a $3.3 million bribe to the U.S. Federal District Court judge presiding over a case where two of their executives were found guilty on charges related to memory chip price-fixing. Kim revealed that the company had raised a large number of secret funds through bank accounts illegally opened under the names of up to 1,000 Samsung executives – under his own name, four accounts were opened to manage 5 billion won.[31]

In 2010, Samsung[who?] announced a ten-year growth strategy centered around five businesses.[32] One of these businesses was to be focused on biopharmaceuticals, to which has committed ₩2,100,000,000,000.[33]

In 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.[34][35]

On 24 August 2012, nine American jurors ruled that Samsung Electronics had to pay Apple $1.05 billion in damages for violating six of its patents on smartphone technology. The award was still less than the $2.5 billion requested by Apple. The decision also ruled that Apple did not violate five Samsung patents cited in the case.[36] Samsung decried the decision saying that the move could harm innovation in the sector.[37] It also followed a South Korean ruling stating that both companies were guilty of infringing on each other's intellectual property.[38] In first trading after the ruling, Samsung shares on the KOSPI fell 7.7%, the largest fall since 24 October 2008, to 1,177,000 Korean won.[39] Apple then sought to ban the sales of eight Samsung phones (Galaxy S 4G, Galaxy S2 AT&T, Galaxy S2 Skyrocket, Galaxy S2 T-Mobile, Galaxy S2 Epic 4G, Galaxy S Showcase, Droid Charge and Galaxy Prevail) in the United States[40] which was denied by the court.[41]

As of 2013, the Fair Trade Commission of Taiwan is investigating Samsung and its local Taiwanese advertising agency for false advertising. The case was commenced after the commission received complaints stating that the agency hired students to attack competitors of Samsung Electronics in online forums.[42] Samsung Taiwan made an announcement on its Facebook page in which it stated that it had not interfered with any evaluation report and had stopped online marketing campaigns that constituted posting or responding to content in online forums.[43]

In 2015, Samsung has been granted more U.S. patents than any other company – including IBM, Google, Sony, Microsoft and Apple. The company received 7,679 utility patents through 11 December.[44]

The Galaxy Note 7 smartphone went on sale on 19 August 2016.[45] However, in early September 2016, Samsung suspended sales of the phone and announced an informal recall. This occurred after some units of the phones had batteries with a defect that caused them to produce excessive heat, leading to fires and explosions. Samsung replaced the recalled units of the phones with a new version; however, it was later discovered that the new version of the Galaxy Note 7 also had the battery defect. Samsung recalled all Galaxy Note 7 smartphones worldwide on 10 October 2016, and permanently ended production of the phone the following day.[46][47][48]

In 2018, Samsung[who?] launched the world's largest mobile manufacturing facility in Noida, India, with guest of honour including Indian Prime Minister Narendra Modi.[49]

Influence

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".[50][51] Its affiliate companies produce around a fifth of South Korea's total exports.[52] Samsung's revenue was equal to 17% of South Korea's $1,082 billion GDP in 2013.[53]

"You can even say the Samsung chairman is more powerful than the President of South Korea. [South] Korean people have come to think of Samsung as invincible and above the law", said Woo Suk-hoon, host of a popular economics podcast in a Washington Post article headlined "In South Korea, the Republic of Samsung", published on 9 December 2012. Critics claimed that Samsung knocked out smaller businesses, limiting choices for South Korean consumers and sometimes colluded with fellow giants to fix prices while bullying those who investigate. Lee Jung-hee, a South Korean presidential candidate, said in a debate, "Samsung has the government in its hands. Samsung manages the legal world, the press, the academics and bureaucracy".[54]

Operations

 
Samsung Fire & Marine Insurance HQ

Samsung comprises around 80 companies.[55] Its activities include construction, consumer electronics, financial services, shipbuilding and medical services.[55]

As of April 2011, the Samsung Group comprised 59 unlisted companies and 19 listed companies, all of which had their primary listing on the Korea Exchange.[56]

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 exchange rate of 1,084.5 KRW per USD, the spot rate as of 19 August 2011.[57] These amounts do not include the revenues from Samsung's subsidiaries based outside South Korea.[58]

Leadership

  1. Lee Byung-chul (1938–1966, 1968–1987)
  2. Lee Maeng-hee (1966–1968), Lee Byung-chul's first son
  3. Lee Kun-hee (1987–2008, 2010–2020), Lee Byung-chul's third son
  4. Lee Soo-bin (2008–2010)

Affiliates

 
Samsung's Silicon Valley headquarters in San Jose, California

Samsung Electronics is a multinational electronics and information technology company headquartered in Suwon and the flagship company of the Samsung Group.[59] Its products include air conditioners, computers, digital television sets, active-matrix organic light-emitting diodes (AMOLEDs), mobile phones, display monitors, computer printers, refrigerators, semiconductors and telecommunications networking equipment.[60]

It was the world's largest mobile phone maker by unit sales in the first quarter of 2012, with a global market share of 25.4%.[61] It was also the world's second-largest semiconductor maker by 2011 revenues (after Intel).[62]

Steco is the joint venture established between Samsung Electronics and Japan's Toray Industries in 1995.[63] Toshiba Samsung Storage Technology Corporation (TSST) is a joint venture between Samsung Electronics and Toshiba of Japan which specialises in optical disc drive manufacturing. TSST was formed in 2004, and Toshiba owns 51 percent of its stock, while Samsung owns the remaining 49 percent. Samsung Electronics is listed on the Korea Exchange stock market (number 005930).

Samsung Biologics is a biopharmaceutical division of Samsung, founded in 2011. It has contract development and manufacturing (CDMO) services including drug substance and product manufacturing and bioanalytical testing services. The company is headquartered in Incheon, South Korea and its existing three plants comprises the largest biologic contract manufacturing complex. It expanded its contract development service lab to San Francisco, U.S. Samsung Biologics is listed on the Korean Exchange stock market (number 207940).[64] Samsung Bioepis is a biosimilar medicine producer and joint venture between Samsung Biologics (50 percent plus one share) and the U.S.-based Biogen Idec (50 percent).[65][66] In 2014, Biogen Idec agreed to commercialize future anti-TNF biosimilar products in Europe through Samsung Bioepis.[67]

Samsung Engineering is a multinational construction company headquartered in Seoul. It was founded in January 1969. Its principal activity is the construction of oil refining plants; upstream oil and gas facilities; petrochemical plants and gas plants; steel making plants; power plants; water treatment facilities; and other infrastructure.[68] It achieved total revenues of 9,298.2 billion won (US$8.06 billion) in 2011.[69] Samsung Engineering is listed on the Korea Exchange stock market (number 02803450).

Samsung Fire & Marine Insurance is a multinational general insurance company headquartered in Seoul.[70] It was founded in January 1952 as Korea Anbo Fire and Marine Insurance and was renamed Samsung Fire & Marine Insurance in December 1993.[71] Samsung Fire & Marine Insurance offers services including accident insurance, automobile insurance, casualty insurance, fire insurance, liability insurance, marine insurance, personal pensions and loans.[72] As of March 2011 it had operations in 10 countries and 6.5 million customers. Samsung Fire & Marine Insurance had a total premium income of $11.7 billion in 2011 and total assets of $28.81 billion on 31 March 2011. It is the largest provider of general insurance in South Korea. Samsung Fire has been listed on the Korea Exchange stock market since 1975 (number 000810).[72]

Samsung Heavy Industries is a shipbuilding and engineering company headquartered in Seoul. It was founded in August 1974. Its principal products are bulk carriers, container vessels, crude oil tankers, cruisers, passenger ferries, material handling equipment steel and bridge structures.[73] It achieved total revenues of 13,358.6 billion won in 2011 and is the world's second-largest shipbuilder by revenues (after Hyundai Heavy Industries).[74][75] Samsung Heavy Industries is listed on the Korea Exchange stock market (number 010140).

Samsung Life Insurance is a multinational life insurance company headquartered in Seoul. It was founded in March 1957 as Dongbang Life Insurance and became an affiliate of the Samsung Group in July 1963.[76] Samsung Life's principal activity is the provision of individual life insurance and annuity products and services.[77] As of December 2011 it had operations in seven countries, 8.08 million customers and 5,975 employees.[76] Samsung Life had total sales of 22,717 billion won in 2011 and total assets of 161,072 billion won at 31 December 2011.[76] It is the largest provider of life insurance in South Korea. Samsung Air China Life Insurance is a 50:50 joint venture between Samsung Life Insurance and China National Aviation Holding. It was established in Beijing in July 2005.[78] Siam Samsung Life Insurance: Samsung Life Insurance holds a 37 percent stake while the Saha Group also has a 37.5 percent stake in the joint venture, with the remaining 25 percent owned by Thanachart Bank.[79] Samsung Life Insurance is listed on the Korea Exchange stock market (number 032830).

Samsung SDI is listed on the Korea Exchange stock-exchange (number 006400). On 5 December 2012, the European Union's antitrust regulator fined Samsung SDI and several other major companies for fixing prices of TV cathode-ray tubes in two cartels lasting nearly a decade.[80] SDI also builds lithium-ion batteries for electric vehicles such as the BMW i3, and acquired Magna Steyr's battery plant near Graz in 2015.[81] SDI began using the "21700" cell format in August 2015.[82] Samsung plans to convert its factory in Göd, Hungary to supply 50,000 cars per year.[83] Samsung SDI also produced CRTs and VFD displays until 2012.[84][85][86][87] Samsung SDI uses lithium-ion technology for its phone and portable computer batteries.[88]

Samsung SDS is a multinational IT Service company headquartered in Seoul. It was founded in March 1985. Its principal activity is the providing IT system (ERP, IT Infrastructure, IT Consulting, IT Outsourcing, Data Center). Samsung SDS is Korea's largest IT service company. It achieved total revenues of 6,105.9 billion won (US$5.71 billion) in 2012. Samsung C&T Corporation is listed on the Korea Exchange stock market (000830). Samsung Electro-Mechanics, established in 1973 as a manufacturer of key electronic components, is headquartered in Suwon, Gyeonggi Province, South Korea. It is listed on the Korea Exchange stock market (number 009150).[89] Samsung Advanced Institute of Technology (SAIT), established in 1987, is headquartered in Suwon and operates research labs around the world.[90]

Ace Digitech is listed on the Korea Exchange stock market (number 036550). Cheil Industries is listed on the Korea Exchange stock market (number 001300).[91] Cheil Worldwide is listed on the Korea Exchange stock market (number 030000). Credu is listed on the Korea Exchange stock market (number 067280). Imarket Korea is listed on the Korea Exchange stock market (number 122900). Samsung Card is listed on the Korea Exchange stock market (number 029780).

Hotel Shilla (also known as "The Shilla") opened in March 1979, following the intention of the late Lee Byung-chul, the founder of the Samsung Group. Shilla Hotels and Resorts is listed on the Korea Exchange stock market (number 008770).[92]

Samsung C&T Corporation covers the three main sectors of Environment & Asset, Food Culture and Resort.

The Samsung Medical Center was founded on 9 November 1994, under the philosophy of "contributing to improving the nation's health through the best medical service, advanced medical research and development of outstanding medical personnel". The Samsung Medical Center consists of a hospital and a cancer center, which is the largest in Asia.[93] The hospital is located in an intelligent building with floor space of more than 200,000 square meters and 20 floors above ground and 5 floors underground, housing 40 departments, 10 specialist centers, 120 special clinics and 1,306 beds. The 655-bed Cancer Center has 11 floors above ground and 8 floors underground, with floor space of over 100,000 square meters. SMC is a tertiary hospital manned by approximately 7,400 staff including over 1,200 doctors and 2,300 nurses. Since its foundation in the 1990s, the Samsung Medical Center has successfully incorporated and developed an advanced model with the motto of becoming a "patient-centered hospital", a new concept in Korea.[94] Samsung donates around US$100 million per annum to the Samsung Medical Center.[95] It incorporates Samsung Seoul Hospital, Kangbuk Samsung Hospital, Samsung Changwon Hospital, Samsung Cancer Center and Samsung Life Sciences Research Center. In 2010, the Samsung Medical Center and pharmaceutical multinational Pfizer agreed to collaborate on research to identify the genomic mechanisms responsible for clinical outcomes in hepatocellular carcinoma.[96][97]

Divested

Hanhwa Techwin was listed on the Korea Exchange stock-exchange (number 012450), with its principal activities being the development and manufacture of surveillance (including security cameras), aeronautics, optoelectronics, automations and weapons technology. It was announced to be sold to Hanwha Group in December 2014[98] and the take-over completed in June 2015.[99] It was later renamed Hanwha Techwin.

Samsung Thales Co., Ltd. (until 2001 known as Samsung Thomson-CSF Co., Ltd., Currently owned by the Hanwha group) was a joint venture between Samsung Techwin and the France-based aerospace and defence company Thales. It was established in 1978 and is based in Seoul.[100] Samsung's involvement was passed on to Hanwha Group as part of the Techwin transaction.[99]

Samsung General Chemicals was sold to Hanwha. Another chemical division was sold to Lotte Corporation in 2016.[101][102]

Hanhwa Total was a 50/50 joint venture between Samsung and the France-based oil group TotalEnergies (more specifically, Samsung General Chemicals and Total Petrochemicals). Samsung's stake was inherited by Hanwha Group in its acquisition of Samsung General Chemicals.[99]

Defunct

In 1998, Samsung created a U.S. joint venture with Compaq, called Alpha Processor Inc. (API), to help it enter the high-end processor market. The venture was also aimed at expanding Samsung's non-memory chip business by fabricating DEC Alphas. At the time, Samsung and Compaq invested $500 million in Alpha Processor.[103]

GE Samsung Lighting was a joint venture between Samsung and the GE Lighting subsidiary of General Electric. The venture was established in 1998 and was broken up in 2009.[104]

Global Steel Exchange was a joint venture formed in 2000 between Samsung, the U.S.-based Cargill, the Switzerland-based Duferco Group, and the Luxembourg-based Tradearbed (now part of the ArcelorMittal), to handle their online buying and selling of steel.[105]

 
Logo of Samtron

Samtron was a subsidiary of Samsung until 1999 when it became independent. After that, it continued to make computer monitors and plasma displays until 2003, Samtron became Samsung when Samtron was a brand. In 2003 the website redirected to Samsung.[citation needed]

S-LCD Corporation was a joint venture between Samsung Electronics (50% plus one share) and the Japan-based Sony Corporation (50% minus one share) which was established in April 2004. On 26 December 2011, Samsung Electronics announced that it would acquire all of Sony's shares in the venture.

Joint ventures

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

Samsung Machine Tools of America is a national distributor of machines in the United States. Samsung GM Machine Tools is the head office of China, It is an SMEC Legal incorporated company.[106]

Samsung Securities is listed on the Korea Exchange stock-exchange (number 016360).[107]

S-1 was founded as Korea's first specialized security business in 1997 and has maintained its position at the top of industry with the consistent willingness to take on challenges. S1 Corporation is listed on the Korea Exchange stock-exchange (number 012750.KS).[108][109]

State-run Korea Agro-Fisheries Trade Corp. set 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.[110]

Brooks Automation Asia Co., Ltd. is a joint venture between Brooks Automation (70%) and Samsung[who?] (30%) 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 flat panel displays.[111]

Company POSS – SLPC s.r.o. was founded in 2007 as a subsidiary of Samsung C & T Corporation, Samsung C & T Deutschland and the company POSCO.[112]

Samsung BP Chemicals, based in Ulsan, is a 49:51 joint venture between Samsung and the UK-based BP, which was established in 1989 to produce and supply high-value-added chemical products. Its products are used in rechargeable batteries and liquid crystal displays.[113][114][115]

Samsung Corning Precision Glass is a joint venture between Samsung[who?] and Corning, which was established in 1973 to manufacture and market cathode ray tube glass for black and white televisions. The company's first LCD glass substrate manufacturing facility opened in Gumi, South Korea, in 1996.

Samsung Sumitomo LED Materials is a Korea-based joint venture between Samsung LED Co., Ltd., an LED maker based in Suwon, Korea-based and the Japan-based Sumitomo Chemical. The JV will carry out research and development, manufacturing and sales of sapphire substrates for LEDs.[116]

SD Flex Co., Ltd. was founded in October 2004 as a joint venture corporation by Samsung[who?] and DuPont, one of the world's largest chemical companies.[117]

Sermatech Korea owns 51% of its stock, while Samsung[who?] owns the remaining 49%. The U.S. firm Sermatech International, for a business specializing in aircraft construction processes such as special welding and brazing.[118]

Siltronic Samsung Wafer Pte. Ltd, the joint venture by Samsung and wholly owned Wacker Chemie subsidiary Siltronic, was officially opened in Singapore in June 2008.[119]

SMP Ltd. is a joint venture between Samsung Fine Chemicals and MEMC. In 2011, MEMC Electronic Materials Inc. and an affiliate of Korean conglomerate Samsung formed a joint venture to build a polysilicon plant.[120]

Stemco is a joint venture established between Samsung Electro-Mechanics and Toray Industries in 1995.[121]

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

Partially owned companies

Samsung Heavy Industries owns 10% of the Brazilian shipbuilder Atlântico Sul, whose Atlântico Sul Shipyard is the largest shipyard in South America. The Joao Candido, Brazil's largest ship, was built by Atlântico Sul with technology licensed by Samsung Heavy Industries.[122] The companies have a technical assistance agreement through which industrial design, vessel engineering and other know-how is being transferred to Atlântico Sul.[123]

Samsung Life Insurance currently holds a 7.4% stake in the South Korean banking company DGB Financial Group, making it the largest shareholder.[124] DGB Financial Group is a Korea-based company that specialises in banking. The company is divided into six segments of operation and each segment's primary source of funds come from general public deposits.[125]

Samsung[who?] acquired 7.4% of Gorilla Glass maker Corning, signing a long-term supply deal.[126] Corning is an American company that is experienced in glass chemistry, ceramics science, and optical physics, as well as its manufacturing and engineering, to create goods that support industries and improve living standards. Corning is committed to long-term research and development.

Samsung Heavy Industries currently holds a 14.1% stake in Doosan Engine, making it the second-largest shareholder.[127] Doosan Group is a South Korean company found in 1896 by Park Seung-jik. The company specializes in heavy industries and construction such as power plants and desalination plants.[128]

MEMC's joint venture with Samsung Electronics Company, Ltd. In 1990, MEMC entered into a joint venture agreement to construct a silicon plant in Korea.[129] MEMC Korea Company is a Korean manufacturer and distributor of electronic components, ingots, silicon wafers, and other products.

Samsung[who?] buys 10% stake in rival phone maker Pantech.[130] Pantech is a South Korean company found in 1991. Pantech manufactures mobile phones and tablets. Pantech serves in many countries, including South Korea, United States, Japan, Europe, Vietnam, and China.

Samsung[who?] currently owns 4.19% of Rambus Incorporated.[131] Rambus Incorporated is an American technology company found in 1990. The company specializes in producing electronic components such as licenses chip interface technologies and architectures used in digital electronic products.

Samsung[who?] currently owns 19.9% of the automobile manufacturer Renault Korea Motors. Renault Samsung Motors is a South Korean automotive company found in 1994. The company made car related transactions starting in 1998 and since have expanded into a range of cars and electric car models.

Samsung[who?] currently owns 9.6% of Seagate Technology, making it the second-largest shareholder. Under a shareholder agreement, Samsung has the right to nominate an executive to Seagate's board of directors.[132] Seagate Technology is an American company that works in the computer storage industry. Seagate Technology was found in 1979. The company is a major supplier of microcomputers and hard disks.

Samsung[who?] owns 3% of Sharp Corporation, a rival company to Samsung.[133] Sharp Corporation is a Japanese company found in 1912. The company specializes in designing and manufacturing electronic products, such as phones, microwave ovens, and air conditioners.

Samsung Engineering holds a 10% stake in Sungjin Geotec, an offshore oil drilling company that is a subsidiary of POSCO.[134] SungJin Geotec is a South Korean company found in 1989. The company specializes in manufacturing and developing offshore facilities, oil sand modules, petrochemical plant components, and desalination plants.[135]

Taylor Energy is an independent American oil company that drills in the Gulf of Mexico based in New Orleans, Louisiana.[136] Samsung Oil & Gas USA Corp., subsidiaries of Samsung[who?] , currently owns 20% of Taylor Energy. Taylor Energy is an American oil and gas company found in 1979. The company works mainly in the oil drilling industry and drills in the Gulf of Mexico.

Acquisitions and attempted acquisitions

Samsung[who?] has made the following acquisitions and attempted acquisitions:

Samsung Techwin acquired the German camera manufacturer Rollei in 1995. Samsung (Rollei) used its optic expertise on the crystals of a new line of 100% Swiss-made watches. But on 11 March 1995, the Cologne District court prohibited the advertising and sale of Rollei watches on German territory.[137][138] In 1999, Rollei management bought out the company.[139]

Samsung[who?] 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. The three proposed partners – Hyundai, Hanjin and Daewoo – notified the South Korean government that they would not join Samsung Aerospace Industries.[140]

Samsung[who?] bought a 40% stake in AST Research in 1995, in a failed attempt to break into the North American computer market. Samsung was forced to close the California-based computer maker following mass resignations of research staff and a string of losses.[141][142]

In 1995, Samsung's textile department[who?] invested in FUBU, an American hip hop apparel company, after the founder placed an advertisement asking for funding in The New York Times newspaper.[143][144]

Samsung Securities Co., Ltd. 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. Two parties will jointly work on cross-border mergers and acquisition deals.[145]

In December 2010, Samsung Electronics bought MEDISON Co., a South Korean medical-equipment company, the first step in a long-discussed plan to diversify from consumer electronics.[146] Grandis Inc. – memory developer in July 2011, Samsung announced that it had acquired spin-transfer torque random access memory (MRAM) vendor Grandis Inc.[147] Grandis will become a part of Samsung's R&D operations and will focus on the development of next-generation random-access memory.[148]

On 26 December 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 1.08 trillion won ($938.97 million).[149]

On 9 May 2012, mSpot announced that it had been acquired by Samsung Electronics with the intention of a cloud-based music service.[150] The succeeding service was Samsung Music Hub.

In December 2012, Samsung[who?] announced that it had acquired the privately held storage software vendor NVELO, Inc., based in Santa Clara, California.[151] 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.

In January 2013, Samsung[who?] announced that it has acquired medical imaging company NeuroLogica, part of the multinational conglomerate's plans to build a leading medical technology business. Terms of the deal were not disclosed.[152]

On 14 August 2014, Samsung[who?] acquired SmartThings, a fast-growing home automation startup. The company did not release the acquisition price, but TechCrunch reported a $200 million price tag when it first caught word of the deal in July 2014.[153]

On 19 August 2014, Samsung[who?] said it had acquired U.S. air conditioner distributor Quietside LLC as part of its push to strengthen its "smart home" business. A Samsung Electronics spokesman said the South Korean company acquired 100 percent of Quietside.[154]

On 3 November 2014, Samsung[who?] announced it had acquired Proximal Data, Inc., a San Diego, California-based pioneer of server-side caching software with I/O intelligence that work within virtualized systems.[155]

On 18 February 2015, Samsung[who?] acquired U.S.-based mobile payments firm LoopPay – This allows Samsung in smartphone transactions.[156]

On 5 March 2015, Samsung[who?] acquired small U.S.-based manufacturer of light-emitting diode displays, YESCO Electronics, which focuses on making digital billboards and message signs.[157]

On 5 October 2016, Samsung[who?] announced it had acquired Viv, a company working on artificial intelligence.[158]

On 15 November 2016, Samsung Canada announced it has acquired Rich Communications Services, a company working on a new technology for text messaging.[159]

Major clients

 
The world's largest oil and gas project, Sakhalin II- Lunskoye platform under construction. The topside facilities of the LUN-A (Lunskoye) and PA-B (Piltun Astokhskoye) platforms are being built at the Samsung Heavy Industry shipyard in South Korea.[160]

Major clients 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.[161][162]
Shell unveiled plans to build the world's first floating liquefied natural gas (FLNG) platform. In October 2012[163] at Samsung Heavy Industries' shipyard on Geoje Island in South Korea work started on a "ship" that, when finished and fully loaded, will weigh 600,000 tonnes, the world's biggest "ship". That is six times larger than the largest U.S. aircraft carrier.[164]

United Arab Emirates government

A consortium of South Korean firms, including Samsung, Korea Electric Power Corporation and Hyundai, won a deal worth $40 billion to build nuclear power plants in the United Arab Emirates.[165]

Ontario government

The government of the Canadian province of Ontario signed off one of the world's largest renewable energy projects, signing a deal worth $6.6 billion for an additional 2,500 MW of new wind and solar energy. Under the agreement, a consortium led by Samsung and the Korea Electric Power Corporation will manage the development of 2,000 MW-worth of new wind farms and 500 MW of solar capacity, while also building a manufacturing supply chain in the province.[166]

Corporate image

  •  

    First Samsung logo

  •  

    1960s–1993, as corporate logo

  •  

    1970s

  •  

    1980–1993, as Samsung Electronics logo

  •  

    1993–current, though still used by other Samsung companies than its electronics segment

  •  

    2015–current, Samsung Electronics's wordmark and current corporate logo

The basic color in the logo is blue, which Samsung has employed for years, supposedly symbolizing stability, reliability and corporate social responsibility.[167]

Samsung has an audio logo, which consists of the notes E♭, A♭, D♭, E♭; after the initial E♭ tone it is up a perfect fourth to A♭, down a perfect fifth to D♭, then up a major second to return to the initial E♭ tone. The audio logo was produced by Musikvergnuegen and written by Walter Werzowa.[168][169] This audio logo is discontinued as of 2015.

Font

In 2014, Samsung unveiled its Samsung Sharp Sans font.[170]

In July 2016, Samsung unveiled its SamsungOne font, a typeface that hopes to give a consistent and universal visual identity to the wide range of Samsung products. SamsungOne was designed to be used across Samsung's diverse device portfolio, with a focus on legibility for everything from smaller devices like smartphones to larger connected TVs or refrigerators, as well as Samsung marketing and advertisements. The font family supports 400 different languages through over 25,000 characters.[171]

Sponsorships

Further information on Samsung's sports sponsorships: Samsung Sports
 
A Samsung display in Salt Lake City during the 2002 Winter Olympics

Samsung Electronics spent an estimated $14 billion (U.S.) on advertising and marketing in 2013. At 5.4% of annual revenue, this is a larger proportion than any of the world's top-20 companies by sales (Apple spent 0.6% and General Motors spent 3.5%). Samsung became the world's biggest advertiser in 2012, spending $4.3 billion, compared to Apple's $1 billion. Samsung's global brand value of $39.6 billion is less than half that of Apple.[172]

Controversies

Labor abuses

Samsung was the subject of several complaints about child labor in its supply chain from 2012 to 2015.

In July 2014, Samsung cut its contract with Shinyang Electronics after it received a complaint about the company violating child labor laws.[173] Samsung says that its investigation turned up evidence of Shinyang using underage workers and that it severed relations immediately per its "zero tolerance" policy for child labor violations.

One of Samsung's Chinese supplier factories, HEG, was criticized for using underage workers by China Labor Watch (CLW) in July 2014. HEG denied the charges and has sued China Labor Watch.[174][175] CLW issued a statement in August 2014 claiming that HEG employed over ten children under the age of 16 at a factory in Huizhou, Guangdong. The group said the youngest child identified was 14 years old. Samsung said that it conducted an onsite investigation of the production line that included one-on-one interviews but found no evidence of child labor being used. CLW responded that HEG had already dismissed the workers described in its statement before Samsung's investigators arrived.[173]

CLW also claimed that HEG violated overtime rules for adult workers. CLW said a female college student was only paid her standard wage despite working four hours of overtime per day even though Chinese law requires overtime pay at 1.5 to 2.0 times standard wages.[173]

In 2020, the Australian Strategic Policy Institute accused at least 82 major brands, including Samsung, of being connected to forced Uyghur labor in Xinjiang.[176]

Union-busting activity

See also: Samsung Electronics § Worker safety

Samsung has a no-union policy and has been engaged in union-busting activities around the world.[177][178] Samsung has also been sued by a union for stealing the corpse of a dead worker.[179][180] On 6 May 2020, Samsung vice chairman Lee Jae-yong apologized for the union-busting scandals.[181]

2007 Slush Fund scandal

Kim Yong-chul, the former head of the legal department at Samsung's Restructuring Office, and Catholic Priests Association for Justice uncovered Lee Kun-hee's slush fund on 29 October 2007. He presented a list of 30 artworks that the Lee family purchased with some of the slush funds, which were to be found in Samsung's warehouse in south of Seoul, along with documents about bribes to prosecutors, judges and lawmakers, tax collectors with thousands of borrowed-named bank account.[182][183]

The court sentenced Lee Kun-hee to 3 years imprisonment, 5 years probation imprisonment, and fined him 11 billion won. But on 29 December 2009, the South Korean president Lee Myung-bak specially pardoned Lee, stating that the intent of the pardon was to allow Lee to remain on the International Olympic Committee. It is the only independent amnesty to have occurred in South Korean history.[184]

Kim Yong-chul published a book 'Thinking about Samsung' in 2010. He wrote detailed accounts of Samsung's behavior and how the company lobbied governmental authorities including the court officials, prosecutors and national tax service officials for transferring Samsung's management rights to Lee Jae-yong.[185]

Lee Kun-hee's prostitution scandal

In July 2016, the investigative journal KCIJ-Newstapa released a video of Samsung chairman Lee Kun-hee's prostitution and alleged years long employment of female sex workers.[186] On 12 April 2018, Supreme Court of Korea sentenced the former general manager of CJ CheilJedang, who filmed the prostitution video, to four years and six months in prison for blackmail and intimidation.[187]

Supporting far-right groups

The investigative team of special prosecutors looking into the 2016 South Korean political scandal announced that the Blue House received money from South Korea’s four largest chaebols (Samsung, Hyundai Motor Group, SK Group and LG Group) to fund pro-government demonstrations by conservative and far-right organizations such as the Korean Parent Federation (KPF) and the Moms Brigade.[188]

Price fixing

On 19 October 2011, Samsung companies were fined €145,727,000 for being part of a price cartel of ten companies for DRAMs which lasted from 1 July 1998 to 15 June 2002. The companies received, like most of the other members of the cartel, a 10% reduction for acknowledging the facts to investigators. Samsung had to pay 90% of their share of the settlement, but Micron avoided payment as a result of having initially revealed the case to investigators.[189]

In Canada, during 1999, some DRAM microchip manufacturers conspired to price fix, among the accused included Samsung. The price fix was investigated in 2002. A recession started to occur that year, and the price fix ended; however, in 2014, the Canadian government reopened the case and investigated silently. Sufficient evidence was found and presented to Samsung and two other manufacturers during a class action lawsuit hearing. The companies agreed upon a $120 million agreement, with $40 million as a fine, and $80 million to be paid back to Canadians who purchased a computer, printer, MP3 player, gaming console or camera from April 1999 to June 2002.[190]

Misleading claims

In Australia during 2022, Australia's competition and consumer commission fined Samsung AU$14 million. The fine came due to misleading water resistance claims for over 3.1 million smartphones. The commission stated that during 2016–2018 the company advertised its Galaxy S7, S7 Edge, A5, A7, S8, S8 Plus and Note 8 devices as able to survive short immersion in water. However, after many user complaints about the devices having issues after water submersion, such as charger port corrosion. The ACC have officially labelled the fact these devices have "water resistance" listed as a feature misleading and proceeded with the fine.[191]

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Samsung Announces 2022 Neo QLED TV Line-Up Across Europe Breaking the Rules with Samsung Galaxy Tab S8 Series: The Biggest, Boldest, Most Versatile Galaxy Tablet Ever

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January 09, 2023
samsung, this, article, about, conglomerate, publicly, traded, consumer, electronics, subsidiary, electronics, confused, with, samsun, samson, sanson, sampson, disambiguation, group, simply, korean, 삼성, samsʌŋ, south, korean, multinational, manufacturing, cong. This article is about the conglomerate For the publicly traded consumer electronics subsidiary see Samsung Electronics Not to be confused with Samsun Samson Sanson or Sampson disambiguation Samsung Group 3 or simply Samsung Korean 삼성 samsʌŋ is a South Korean multinational manufacturing conglomerate headquartered in Samsung Town Seoul South Korea 1 It comprises numerous affiliated businesses 1 most of them united under the Samsung brand and is the largest South Korean chaebol business conglomerate As of 2020 update Samsung has the eighth highest global brand value 4 Samsung GroupSamsung Town in the Gangnam station area of Seoul South KoreaNative name삼성 三星 Romanized namesamseong samseong TypePrivateIndustryConglomerateFounded1 March 1938 84 years ago 1938 03 01 in Daegu Japanese KoreaFounderLee Byung chulHeadquarters40th floor Samsung Electronics Building 11 Seocho daero 74 gil Seocho District Seoul South Korea 1 Area servedWorldwideKey peopleLee Jae yong Chairman ProductsClothing automotive chemicals consumer electronics electronic components medical equipment semiconductors solid state drives DRAM flash memory ships telecommunications equipment home appliances 2 ServicesAdvertising construction entertainment financial services hospitality information and communications technology medical and health care services retail shipbuilding semiconductor foundrySubsidiariesSamsung ElectronicsSamsung Electro MechanicsSamsung SDISamsung SDSSamsung EngineeringSamsung C amp T CorporationSamsung Heavy IndustriesSamsung Life InsuranceSamsung Fire amp Marine InsuranceCheil WorldwideSamsung BiologicsWebsitewww wbr samsung wbr comSamsungHangul삼성Hanja三星Revised RomanizationSamseongMcCune ReischauerSamsŏngSamsung 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 five business groups Samsung Group Shinsegae Group CJ Group and Hansol Group and JoongAng Group Notable Samsung industrial affiliates include Samsung Electronics the world s largest information technology company consumer electronics maker and chipmaker measured by 2017 revenues update 5 6 Samsung Heavy Industries the world s second largest shipbuilder measured by 2010 revenues update 7 and Samsung Engineering and Samsung C amp T Corporation respectively the world s 13th and 36th largest construction companies 8 Other notable subsidiaries include Samsung Life Insurance the world s 14th largest life insurance company 9 Samsung Everland operator of Everland Resort the oldest theme park in South Korea 10 and Cheil Worldwide the world s 15th largest advertising agency as measured by 2012 revenues update 11 12 Contents 1 Etymology 2 History 2 1 1938 1970 2 2 1970 1990 2 3 1990 2000 2 4 2000 present 3 Influence 4 Operations 4 1 Leadership 4 2 Affiliates 4 3 Divested 4 4 Defunct 4 5 Joint ventures 4 6 Partially owned companies 5 Acquisitions and attempted acquisitions 6 Major clients 6 1 United Arab Emirates government 6 2 Ontario government 7 Corporate image 7 1 Audio logo 7 2 Font 8 Sponsorships 9 Controversies 9 1 Labor abuses 9 2 Union busting activity 9 3 2007 Slush Fund scandal 9 4 Lee Kun hee s prostitution scandal 9 5 Supporting far right groups 9 6 Price fixing 9 7 Misleading claims 10 References 11 External linksEtymologyAccording to Samsung s founder the meaning of the Korean hanja word Samsung 三星 is three stars The word three represents something big numerous and powerful 13 while stars means everlasting or eternal like stars in the sky 14 15 History1938 1970 Lee Byung chul founder of Samsung In 1938 during Japanese ruled Korea Lee Byung chul 1910 1987 of a large landowning family in the Uiryeong county moved to nearby Daegu city and founded Mitsuboshi Trading Company 株式会社三星商会 Kabushiki gaisha Mitsuboshi Shōkai or Samsung Sanghoe 주식회사 삼성상회 Samsung started out as a small trading company with forty employees located in Su dong now Ingyo dong 16 It dealt in dried fish 16 locally grown groceries and noodles The company prospered and Lee moved its head office to Seoul in 1947 When the Korean War broke out he was forced to leave Seoul He started a sugar refinery in Busan named Cheil Jedang In 1954 Lee founded Cheil Mojik and built the plant in Chimsan dong Daegu It was the largest woollen mill ever in the country citation needed Samsung diversified into many different areas Lee sought to establish Samsung as a leader in a wide range of industries Samsung moved into lines of business such as insurance securities and retail In 1947 Cho Hong jai the Hyosung group s founder jointly invested in a new company called Samsung Mulsan Gongsa or the Samsung Trading Corporation with the Samsung s founder Lee Byung chul The trading firm grew to become the present day Samsung C amp T Corporation After a few years Cho and Lee separated due to differences in management style Cho wanted a 30 equity share Samsung Group was separated into Samsung Group and Hyosung Group Hankook Tire and other businesses 17 18 In the late 1960s Samsung Group entered the electronics industry It formed several electronics related divisions such as Samsung Electronics Devices Samsung Electro Mechanics Samsung Corning and Samsung Semiconductor amp Telecommunications and opened the facility in Suwon Its first product was a black and white television set citation needed 1970 1990 The SPC 1000 introduced in 1982 was Samsung s first personal computer sold in the Korean market only and used an audio cassette tape to load and save data the floppy drive was optional 19 In 1980 Samsung acquired the Gumi based Hanguk Jeonja Tongsin and entered telecommunications hardware Its early products were switchboards The facility was developed into the telephone and fax manufacturing systems and became the center of Samsung s mobile phone manufacturing They have produced over 800 million mobile phones to date 20 The company grouped them together under Samsung Electronics in the 1980s After Lee the founder s death in 1987 Samsung Group was separated into five business groups Samsung Group Shinsegae Group CJ Group Hansol Group and the JoongAng Group 21 Shinsegae discount store department store was originally part of Samsung Group separated in the 1990s from the Samsung Group along with CJ Group Food Chemicals Entertainment logistics Hansol Group Paper Telecom and the JoongAng Group Media Today these separated groups are independent and they are not part of or connected to the Samsung Group 22 One Hansol Group representative said Only people ignorant of the laws governing the business world could believe something so absurd adding When Hansol separated from the Samsung Group in 1991 it severed all payment guarantees and share holding ties with Samsung affiliates One Hansol Group source asserted Hansol Shinsegae and CJ have been under independent management since their respective separations from the Samsung Group One Shinsegae department store executive director said Shinsegae has no payment guarantees associated with the Samsung Group 22 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 plant in Portugal in 1984 a plant in New York in 1985 a plant in Tokyo in 1987 a facility in England and another facility in Austin Texas in 1996 As of 2012 Samsung has invested more than US 13 000 000 000 in the Austin facility which operates under the name Samsung Austin Semiconductor This makes the Austin location the largest foreign investment in Texas and one of the largest single foreign investments in the United States 23 24 In 1987 United States International Trade Commission order that the Samsung Group of South Korea unlawfully sold computer chips in the United States without licenses from the chip inventor Texas Instruments Inc The order requires Samsung to pay a penalty to Texas Instruments within the coming weeks Otherwise sales of all dynamic random access memory chips made by Samsung and all products using the chips would be banned in the United States The ban includes circuit boards and equipment called single in line packages made by other companies that use D RAM s made by Samsung with 64 000 or 256 000 characters of memory It also covers computers facsimile machines and certain telecommunications equipment and printers bearing either of the Samsung chips 25 1990 2000 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 It was in this period that Samsung started to rise as an international corporation in the 1990s Samsung s construction branch was awarded contracts to build one of the two Petronas Towers in Malaysia Taipei 101 in Taiwan and the Burj Khalifa in United Arab Emirates 26 In 1993 Lee Kun hee sold off ten of Samsung Group s subsidiaries downsized the company and merged other operations to concentrate on three industries electronics engineering and chemicals In 1996 the Samsung Group reacquired the Sungkyunkwan University foundation citation needed Samsung became the world s largest producer of memory chips in 1992 and is the world s second largest chipmaker after Intel see Worldwide Top 20 Semiconductor Market Share Ranking Year by Year 27 In 1995 it created its first liquid crystal display screen Ten years later Samsung grew to be the world 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 S LCD was established as a joint venture between Samsung and Sony in order to provide a stable supply of LCD panels for both manufacturers S LCD was owned by Samsung 50 plus one share and Sony 50 minus one share and operates its factories and facilities in Tanjung South Korea As of 26 December 2011 it was announced that Samsung had acquired the stake of Sony in this joint venture 28 Compared to other major Korean companies Samsung survived the 1997 Asian financial crisis relatively unharmed However Samsung Motor was sold to Renault at a significant loss As of 2010 update Renault Samsung is 80 1 percent owned by Renault and 19 9 percent owned by Samsung Additionally Samsung manufactured a range of aircraft from the 1980s to the 1990s The company was founded in 1999 as Korea Aerospace Industries KAI the result of a merger between then three domestic major aerospace divisions of Samsung Aerospace Daewoo Heavy Industries and Hyundai Space and Aircraft Company However Samsung still manufactures aircraft engines and gas turbines 29 2000 present The prominent Samsung sign in Times Square New York City In 2000 Samsung who opened a development center in Warsaw Poland Its work began with set top box technology before moving into digital TV and smartphones The smartphone platform was developed with partners officially launched with the original Samsung Solstice 30 line of devices and other derivatives in 2008 which was later developed into Samsung Galaxy line of devices including Notes Edge and other products The Samsung Group s chairman Lee Kun hee left with South Korean President Park Geun hye 2013 In 2007 former Samsung chief lawyer Kim Yong Chul claimed that he was involved in bribing and fabricating evidence on behalf of the group s chairman Lee Kun hee and the company Kim said that Samsung lawyers trained executives to serve as scapegoats in a fabricated scenario to protect Lee even though those executives were not involved Kim also told the media that he was sidelined by Samsung after he refused to pay a 3 3 million bribe to the U S Federal District Court judge presiding over a case where two of their executives were found guilty on charges related to memory chip price fixing Kim revealed that the company had raised a large number of secret funds through bank accounts illegally opened under the names of up to 1 000 Samsung executives under his own name four accounts were opened to manage 5 billion won 31 In 2010 Samsung who announced a ten year growth strategy centered around five businesses 32 One of these businesses was to be focused on biopharmaceuticals to which has committed 2 100 000 000 000 33 In 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 34 35 On 24 August 2012 nine American jurors ruled that Samsung Electronics had to pay Apple 1 05 billion in damages for violating six of its patents on smartphone technology The award was still less than the 2 5 billion requested by Apple The decision also ruled that Apple did not violate five Samsung patents cited in the case 36 Samsung decried the decision saying that the move could harm innovation in the sector 37 It also followed a South Korean ruling stating that both companies were guilty of infringing on each other s intellectual property 38 In first trading after the ruling Samsung shares on the KOSPI fell 7 7 the largest fall since 24 October 2008 to 1 177 000 Korean won 39 Apple then sought to ban the sales of eight Samsung phones Galaxy S 4G Galaxy S2 AT amp T Galaxy S2 Skyrocket Galaxy S2 T Mobile Galaxy S2 Epic 4G Galaxy S Showcase Droid Charge and Galaxy Prevail in the United States 40 which was denied by the court 41 As of 2013 the Fair Trade Commission of Taiwan is investigating Samsung and its local Taiwanese advertising agency for false advertising The case was commenced after the commission received complaints stating that the agency hired students to attack competitors of Samsung Electronics in online forums 42 Samsung Taiwan made an announcement on its Facebook page in which it stated that it had not interfered with any evaluation report and had stopped online marketing campaigns that constituted posting or responding to content in online forums 43 In 2015 Samsung has been granted more U S patents than any other company including IBM Google Sony Microsoft and Apple The company received 7 679 utility patents through 11 December 44 The Galaxy Note 7 smartphone went on sale on 19 August 2016 45 However in early September 2016 Samsung suspended sales of the phone and announced an informal recall This occurred after some units of the phones had batteries with a defect that caused them to produce excessive heat leading to fires and explosions Samsung replaced the recalled units of the phones with a new version however it was later discovered that the new version of the Galaxy Note 7 also had the battery defect Samsung recalled all Galaxy Note 7 smartphones worldwide on 10 October 2016 and permanently ended production of the phone the following day 46 47 48 In 2018 Samsung who launched the world s largest mobile manufacturing facility in Noida India with guest of honour including Indian Prime Minister Narendra Modi 49 InfluenceSamsung 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 50 51 Its affiliate companies produce around a fifth of South Korea s total exports 52 Samsung s revenue was equal to 17 of South Korea s 1 082 billion GDP in 2013 53 You can even say the Samsung chairman is more powerful than the President of South Korea South Korean people have come to think of Samsung as invincible and above the law said Woo Suk hoon host of a popular economics podcast in a Washington Post article headlined In South Korea the Republic of Samsung published on 9 December 2012 Critics claimed that Samsung knocked out smaller businesses limiting choices for South Korean consumers and sometimes colluded with fellow giants to fix prices while bullying those who investigate Lee Jung hee a South Korean presidential candidate said in a debate Samsung has the government in its hands Samsung manages the legal world the press the academics and bureaucracy 54 Operations Samsung Fire amp Marine Insurance HQ Samsung comprises around 80 companies 55 Its activities include construction consumer electronics financial services shipbuilding and medical services 55 As of April 2011 the Samsung Group comprised 59 unlisted companies and 19 listed companies all of which had their primary listing on the Korea Exchange 56 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 exchange rate of 1 084 5 KRW per USD the spot rate as of 19 August 2011 update 57 These amounts do not include the revenues from Samsung s subsidiaries based outside South Korea 58 Leadership Lee Byung chul 1938 1966 1968 1987 Lee Maeng hee 1966 1968 Lee Byung chul s first son Lee Kun hee 1987 2008 2010 2020 Lee Byung chul s third son Lee Soo bin 2008 2010 Affiliates Samsung s Silicon Valley headquarters in San Jose California Samsung Electronics is a multinational electronics and information technology company headquartered in Suwon and the flagship company of the Samsung Group 59 Its products include air conditioners computers digital television sets active matrix organic light emitting diodes AMOLEDs mobile phones display monitors computer printers refrigerators semiconductors and telecommunications networking equipment 60 It was the world s largest mobile phone maker by unit sales in the first quarter of 2012 with a global market share of 25 4 61 It was also the world s second largest semiconductor maker by 2011 revenues after Intel 62 Steco is the joint venture established between Samsung Electronics and Japan s Toray Industries in 1995 63 Toshiba Samsung Storage Technology Corporation TSST is a joint venture between Samsung Electronics and Toshiba of Japan which specialises in optical disc drive manufacturing TSST was formed in 2004 and Toshiba owns 51 percent of its stock while Samsung owns the remaining 49 percent Samsung Electronics is listed on the Korea Exchange stock market number 005930 Samsung Biologics is a biopharmaceutical division of Samsung founded in 2011 It has contract development and manufacturing CDMO services including drug substance and product manufacturing and bioanalytical testing services The company is headquartered in Incheon South Korea and its existing three plants comprises the largest biologic contract manufacturing complex It expanded its contract development service lab to San Francisco U S Samsung Biologics is listed on the Korean Exchange stock market number 207940 64 Samsung Bioepis is a biosimilar medicine producer and joint venture between Samsung Biologics 50 percent plus one share and the U S based Biogen Idec 50 percent 65 66 In 2014 Biogen Idec agreed to commercialize future anti TNF biosimilar products in Europe through Samsung Bioepis 67 Samsung Engineering is a multinational construction company headquartered in Seoul It was founded in January 1969 Its principal activity is the construction of oil refining plants upstream oil and gas facilities petrochemical plants and gas plants steel making plants power plants water treatment facilities and other infrastructure 68 It achieved total revenues of 9 298 2 billion won US 8 06 billion in 2011 69 Samsung Engineering is listed on the Korea Exchange stock market number 02803450 Samsung Fire amp Marine Insurance is a multinational general insurance company headquartered in Seoul 70 It was founded in January 1952 as Korea Anbo Fire and Marine Insurance and was renamed Samsung Fire amp Marine Insurance in December 1993 71 Samsung Fire amp Marine Insurance offers services including accident insurance automobile insurance casualty insurance fire insurance liability insurance marine insurance personal pensions and loans 72 As of March 2011 it had operations in 10 countries and 6 5 million customers Samsung Fire amp Marine Insurance had a total premium income of 11 7 billion in 2011 and total assets of 28 81 billion on 31 March 2011 It is the largest provider of general insurance in South Korea Samsung Fire has been listed on the Korea Exchange stock market since 1975 number 000810 72 Samsung Heavy Industries is a shipbuilding and engineering company headquartered in Seoul It was founded in August 1974 Its principal products are bulk carriers container vessels crude oil tankers cruisers passenger ferries material handling equipment steel and bridge structures 73 It achieved total revenues of 13 358 6 billion won in 2011 and is the world s second largest shipbuilder by revenues after Hyundai Heavy Industries 74 75 Samsung Heavy Industries is listed on the Korea Exchange stock market number 010140 Samsung Life Insurance is a multinational life insurance company headquartered in Seoul It was founded in March 1957 as Dongbang Life Insurance and became an affiliate of the Samsung Group in July 1963 76 Samsung Life s principal activity is the provision of individual life insurance and annuity products and services 77 As of December 2011 it had operations in seven countries 8 08 million customers and 5 975 employees 76 Samsung Life had total sales of 22 717 billion won in 2011 and total assets of 161 072 billion won at 31 December 2011 76 It is the largest provider of life insurance in South Korea Samsung Air China Life Insurance is a 50 50 joint venture between Samsung Life Insurance and China National Aviation Holding It was established in Beijing in July 2005 78 Siam Samsung Life Insurance Samsung Life Insurance holds a 37 percent stake while the Saha Group also has a 37 5 percent stake in the joint venture with the remaining 25 percent owned by Thanachart Bank 79 Samsung Life Insurance is listed on the Korea Exchange stock market number 032830 Samsung SDI is listed on the Korea Exchange stock exchange number 006400 On 5 December 2012 the European Union s antitrust regulator fined Samsung SDI and several other major companies for fixing prices of TV cathode ray tubes in two cartels lasting nearly a decade 80 SDI also builds lithium ion batteries for electric vehicles such as the BMW i3 and acquired Magna Steyr s battery plant near Graz in 2015 81 SDI began using the 21700 cell format in August 2015 82 Samsung plans to convert its factory in God Hungary to supply 50 000 cars per year 83 Samsung SDI also produced CRTs and VFD displays until 2012 84 85 86 87 Samsung SDI uses lithium ion technology for its phone and portable computer batteries 88 Samsung SDS is a multinational IT Service company headquartered in Seoul It was founded in March 1985 Its principal activity is the providing IT system ERP IT Infrastructure IT Consulting IT Outsourcing Data Center Samsung SDS is Korea s largest IT service company It achieved total revenues of 6 105 9 billion won US 5 71 billion in 2012 Samsung C amp T Corporation is listed on the Korea Exchange stock market 000830 Samsung Electro Mechanics established in 1973 as a manufacturer of key electronic components is headquartered in Suwon Gyeonggi Province South Korea It is listed on the Korea Exchange stock market number 009150 89 Samsung Advanced Institute of Technology SAIT established in 1987 is headquartered in Suwon and operates research labs around the world 90 Ace Digitech is listed on the Korea Exchange stock market number 036550 Cheil Industries is listed on the Korea Exchange stock market number 001300 91 Cheil Worldwide is listed on the Korea Exchange stock market number 030000 Credu is listed on the Korea Exchange stock market number 067280 Imarket Korea is listed on the Korea Exchange stock market number 122900 Samsung Card is listed on the Korea Exchange stock market number 029780 Hotel Shilla also known as The Shilla opened in March 1979 following the intention of the late Lee Byung chul the founder of the Samsung Group Shilla Hotels and Resorts is listed on the Korea Exchange stock market number 008770 92 Samsung C amp T Corporation covers the three main sectors of Environment amp Asset Food Culture and Resort The Samsung Medical Center was founded on 9 November 1994 under the philosophy of contributing to improving the nation s health through the best medical service advanced medical research and development of outstanding medical personnel The Samsung Medical Center consists of a hospital and a cancer center which is the largest in Asia 93 The hospital is located in an intelligent building with floor space of more than 200 000 square meters and 20 floors above ground and 5 floors underground housing 40 departments 10 specialist centers 120 special clinics and 1 306 beds The 655 bed Cancer Center has 11 floors above ground and 8 floors underground with floor space of over 100 000 square meters SMC is a tertiary hospital manned by approximately 7 400 staff including over 1 200 doctors and 2 300 nurses Since its foundation in the 1990s the Samsung Medical Center has successfully incorporated and developed an advanced model with the motto of becoming a patient centered hospital a new concept in Korea 94 Samsung donates around US 100 million per annum to the Samsung Medical Center 95 It incorporates Samsung Seoul Hospital Kangbuk Samsung Hospital Samsung Changwon Hospital Samsung Cancer Center and Samsung Life Sciences Research Center In 2010 the Samsung Medical Center and pharmaceutical multinational Pfizer agreed to collaborate on research to identify the genomic mechanisms responsible for clinical outcomes in hepatocellular carcinoma 96 97 Samsung Taepyeong ro HQ in Jung District Seoul Samsung Engineering India Office in New Delhi India Samsung Japan s regional HQ at Roppongi Minato Tokyo Japan The Samsung Hub formerly 3 Church Street is a skyscraper located in the Downtown Core of Singapore Divested Hanhwa Techwin was listed on the Korea Exchange stock exchange number 012450 with its principal activities being the development and manufacture of surveillance including security cameras aeronautics optoelectronics automations and weapons technology It was announced to be sold to Hanwha Group in December 2014 98 and the take over completed in June 2015 99 It was later renamed Hanwha Techwin Samsung Thales Co Ltd until 2001 known as Samsung Thomson CSF Co Ltd Currently owned by the Hanwha group was a joint venture between Samsung Techwin and the France based aerospace and defence company Thales It was established in 1978 and is based in Seoul 100 Samsung s involvement was passed on to Hanwha Group as part of the Techwin transaction 99 Samsung General Chemicals was sold to Hanwha Another chemical division was sold to Lotte Corporation in 2016 101 102 Hanhwa Total was a 50 50 joint venture between Samsung and the France based oil group TotalEnergies more specifically Samsung General Chemicals and Total Petrochemicals Samsung s stake was inherited by Hanwha Group in its acquisition of Samsung General Chemicals 99 Defunct In 1998 Samsung created a U S joint venture with Compaq called Alpha Processor Inc API to help it enter the high end processor market The venture was also aimed at expanding Samsung s non memory chip business by fabricating DEC Alphas At the time Samsung and Compaq invested 500 million in Alpha Processor 103 GE Samsung Lighting was a joint venture between Samsung and the GE Lighting subsidiary of General Electric The venture was established in 1998 and was broken up in 2009 104 Global Steel Exchange was a joint venture formed in 2000 between Samsung the U S based Cargill the Switzerland based Duferco Group and the Luxembourg based Tradearbed now part of the ArcelorMittal to handle their online buying and selling of steel 105 Logo of Samtron Samtron was a subsidiary of Samsung until 1999 when it became independent After that it continued to make computer monitors and plasma displays until 2003 Samtron became Samsung when Samtron was a brand In 2003 the website redirected to Samsung citation needed S LCD Corporation was a joint venture between Samsung Electronics 50 plus one share and the Japan based Sony Corporation 50 minus one share which was established in April 2004 On 26 December 2011 Samsung Electronics announced that it would acquire all of Sony s shares in the venture Joint ventures This section needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed April 2017 Learn how and when to remove this template message Samsung Fine Chemicals is listed on the Korea Exchange stock exchange number 004000 Samsung Machine Tools of America is a national distributor of machines in the United States Samsung GM Machine Tools is the head office of China It is an SMEC Legal incorporated company 106 Samsung Securities is listed on the Korea Exchange stock exchange number 016360 107 S 1 was founded as Korea s first specialized security business in 1997 and has maintained its position at the top of industry with the consistent willingness to take on challenges S1 Corporation is listed on the Korea Exchange stock exchange number 012750 KS 108 109 State run Korea Agro Fisheries Trade Corp set 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 amp T Corp Hanjin Transportation Co and STX Corporation each hold 15 percent 110 Brooks Automation Asia Co Ltd is a joint venture between Brooks Automation 70 and Samsung who 30 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 flat panel displays 111 Company POSS SLPC s r o was founded in 2007 as a subsidiary of Samsung C amp T Corporation Samsung C amp T Deutschland and the company POSCO 112 Samsung BP Chemicals based in Ulsan is a 49 51 joint venture between Samsung and the UK based BP which was established in 1989 to produce and supply high value added chemical products Its products are used in rechargeable batteries and liquid crystal displays 113 114 115 Samsung Corning Precision Glass is a joint venture between Samsung who and Corning which was established in 1973 to manufacture and market cathode ray tube glass for black and white televisions The company s first LCD glass substrate manufacturing facility opened in Gumi South Korea in 1996 Samsung Sumitomo LED Materials is a Korea based joint venture between Samsung LED Co Ltd an LED maker based in Suwon Korea based and the Japan based Sumitomo Chemical The JV will carry out research and development manufacturing and sales of sapphire substrates for LEDs 116 SD Flex Co Ltd was founded in October 2004 as a joint venture corporation by Samsung who and DuPont one of the world s largest chemical companies 117 Sermatech Korea owns 51 of its stock while Samsung who owns the remaining 49 The U S firm Sermatech International for a business specializing in aircraft construction processes such as special welding and brazing 118 Siltronic Samsung Wafer Pte Ltd the joint venture by Samsung and wholly owned Wacker Chemie subsidiary Siltronic was officially opened in Singapore in June 2008 119 SMP Ltd is a joint venture between Samsung Fine Chemicals and MEMC In 2011 MEMC Electronic Materials Inc and an affiliate of Korean conglomerate Samsung formed a joint venture to build a polysilicon plant 120 Stemco is a joint venture established between Samsung Electro Mechanics and Toray Industries in 1995 121 SB LiMotive is a 50 50 joint company of Robert Bosch GmbH commonly known as Bosch and Samsung SDI founded in June 2008 The joint venture develops and manufactures lithium ion batteries for use in hybrid plug in hybrid vehicles and electric vehicles Partially owned companies This section may require cleanup to meet Wikipedia s quality standards The specific problem is subsections far too short need to be merged Please help improve this section if you can April 2017 Learn how and when to remove this template message Samsung Heavy Industries owns 10 of the Brazilian shipbuilder Atlantico Sul whose Atlantico Sul Shipyard is the largest shipyard in South America The Joao Candido Brazil s largest ship was built by Atlantico Sul with technology licensed by Samsung Heavy Industries 122 The companies have a technical assistance agreement through which industrial design vessel engineering and other know how is being transferred to Atlantico Sul 123 Samsung Life Insurance currently holds a 7 4 stake in the South Korean banking company DGB Financial Group making it the largest shareholder 124 DGB Financial Group is a Korea based company that specialises in banking The company is divided into six segments of operation and each segment s primary source of funds come from general public deposits 125 Samsung who acquired 7 4 of Gorilla Glass maker Corning signing a long term supply deal 126 Corning is an American company that is experienced in glass chemistry ceramics science and optical physics as well as its manufacturing and engineering to create goods that support industries and improve living standards Corning is committed to long term research and development Samsung Heavy Industries currently holds a 14 1 stake in Doosan Engine making it the second largest shareholder 127 Doosan Group is a South Korean company found in 1896 by Park Seung jik The company specializes in heavy industries and construction such as power plants and desalination plants 128 MEMC s joint venture with Samsung Electronics Company Ltd In 1990 MEMC entered into a joint venture agreement to construct a silicon plant in Korea 129 MEMC Korea Company is a Korean manufacturer and distributor of electronic components ingots silicon wafers and other products Samsung who buys 10 stake in rival phone maker Pantech 130 Pantech is a South Korean company found in 1991 Pantech manufactures mobile phones and tablets Pantech serves in many countries including South Korea United States Japan Europe Vietnam and China Samsung who currently owns 4 19 of Rambus Incorporated 131 Rambus Incorporated is an American technology company found in 1990 The company specializes in producing electronic components such as licenses chip interface technologies and architectures used in digital electronic products Samsung who currently owns 19 9 of the automobile manufacturer Renault Korea Motors Renault Samsung Motors is a South Korean automotive company found in 1994 The company made car related transactions starting in 1998 and since have expanded into a range of cars and electric car models Samsung who currently owns 9 6 of Seagate Technology making it the second largest shareholder Under a shareholder agreement Samsung has the right to nominate an executive to Seagate s board of directors 132 Seagate Technology is an American company that works in the computer storage industry Seagate Technology was found in 1979 The company is a major supplier of microcomputers and hard disks Samsung who owns 3 of Sharp Corporation a rival company to Samsung 133 Sharp Corporation is a Japanese company found in 1912 The company specializes in designing and manufacturing electronic products such as phones microwave ovens and air conditioners Samsung Engineering holds a 10 stake in Sungjin Geotec an offshore oil drilling company that is a subsidiary of POSCO 134 SungJin Geotec is a South Korean company found in 1989 The company specializes in manufacturing and developing offshore facilities oil sand modules petrochemical plant components and desalination plants 135 Taylor Energy is an independent American oil company that drills in the Gulf of Mexico based in New Orleans Louisiana 136 Samsung Oil amp Gas USA Corp subsidiaries of Samsung who currently owns 20 of Taylor Energy Taylor Energy is an American oil and gas company found in 1979 The company works mainly in the oil drilling industry and drills in the Gulf of Mexico Acquisitions and attempted acquisitionsThis section has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This section may require cleanup to meet Wikipedia s quality standards The specific problem is most of the section belongs to articles about specific companies Please help improve this section if you can January 2017 Learn how and when to remove this template message Learn how and when to remove this template message Samsung who has made the following acquisitions and attempted acquisitions Samsung Techwin acquired the German camera manufacturer Rollei in 1995 Samsung Rollei used its optic expertise on the crystals of a new line of 100 Swiss made watches But on 11 March 1995 the Cologne District court prohibited the advertising and sale of Rollei watches on German territory 137 138 In 1999 Rollei management bought out the company 139 Samsung who 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 The three proposed partners Hyundai Hanjin and Daewoo notified the South Korean government that they would not join Samsung Aerospace Industries 140 Samsung who bought a 40 stake in AST Research in 1995 in a failed attempt to break into the North American computer market Samsung was forced to close the California based computer maker following mass resignations of research staff and a string of losses 141 142 In 1995 Samsung s textile department who invested in FUBU an American hip hop apparel company after the founder placed an advertisement asking for funding in The New York Times newspaper 143 144 Samsung Securities Co Ltd and City of London based N M Rothschild amp Sons more commonly known simply as Rothschild have agreed to form a strategic alliance in investment banking business Two parties will jointly work on cross border mergers and acquisition deals 145 In December 2010 Samsung Electronics bought MEDISON Co a South Korean medical equipment company the first step in a long discussed plan to diversify from consumer electronics 146 Grandis Inc memory developer in July 2011 Samsung announced that it had acquired spin transfer torque random access memory MRAM vendor Grandis Inc 147 Grandis will become a part of Samsung s R amp D operations and will focus on the development of next generation random access memory 148 On 26 December 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 08 trillion won 938 97 million 149 On 9 May 2012 mSpot announced that it had been acquired by Samsung Electronics with the intention of a cloud based music service 150 The succeeding service was Samsung Music Hub In December 2012 Samsung who announced that it had acquired the privately held storage software vendor NVELO Inc based in Santa Clara California 151 NVELO will become part of Samsung s R amp D operations and will focus on software for intelligently managing and optimizing next generation Samsung SSD storage subsystems for consumer and enterprise computing platforms In January 2013 Samsung who announced that it has acquired medical imaging company NeuroLogica part of the multinational conglomerate s plans to build a leading medical technology business Terms of the deal were not disclosed 152 On 14 August 2014 Samsung who acquired SmartThings a fast growing home automation startup The company did not release the acquisition price but TechCrunch reported a 200 million price tag when it first caught word of the deal in July 2014 153 On 19 August 2014 Samsung who said it had acquired U S air conditioner distributor Quietside LLC as part of its push to strengthen its smart home business A Samsung Electronics spokesman said the South Korean company acquired 100 percent of Quietside 154 On 3 November 2014 Samsung who announced it had acquired Proximal Data Inc a San Diego California based pioneer of server side caching software with I O intelligence that work within virtualized systems 155 On 18 February 2015 Samsung who acquired U S based mobile payments firm LoopPay This allows Samsung in smartphone transactions 156 On 5 March 2015 Samsung who acquired small U S based manufacturer of light emitting diode displays YESCO Electronics which focuses on making digital billboards and message signs 157 On 5 October 2016 Samsung who announced it had acquired Viv a company working on artificial intelligence 158 On 15 November 2016 Samsung Canada announced it has acquired Rich Communications Services a company working on a new technology for text messaging 159 Major clientsThis section may require cleanup to meet Wikipedia s quality standards The specific problem is random list Please help improve this section if you can January 2017 Learn how and when to remove this template message The world s largest oil and gas project Sakhalin II Lunskoye platform under construction The topside facilities of the LUN A Lunskoye and PA B Piltun Astokhskoye platforms are being built at the Samsung Heavy Industry shipyard in South Korea 160 Major clients 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 161 162 Shell unveiled plans to build the world s first floating liquefied natural gas FLNG platform In October 2012 163 at Samsung Heavy Industries shipyard on Geoje Island in South Korea work started on a ship that when finished and fully loaded will weigh 600 000 tonnes the world s biggest ship That is six times larger than the largest U S aircraft carrier 164 United Arab Emirates government A consortium of South Korean firms including Samsung Korea Electric Power Corporation and Hyundai won a deal worth 40 billion to build nuclear power plants in the United Arab Emirates 165 Ontario government The government of the Canadian province of Ontario signed off one of the world s largest renewable energy projects signing a deal worth 6 6 billion for an additional 2 500 MW of new wind and solar energy Under the agreement a consortium led by Samsung and the Korea Electric Power Corporation will manage the development of 2 000 MW worth of new wind farms and 500 MW of solar capacity while also building a manufacturing supply chain in the province 166 Corporate image First Samsung logo 1960s 1993 as corporate logo 1970s 1980 1993 as Samsung Electronics logo 1993 current though still used by other Samsung companies than its electronics segment 2015 current Samsung Electronics s wordmark and current corporate logoThe basic color in the logo is blue which Samsung has employed for years supposedly symbolizing stability reliability and corporate social responsibility 167 Audio logo Samsung has an audio logo which consists of the notes E A D E after the initial E tone it is up a perfect fourth to A down a perfect fifth to D then up a major second to return to the initial E tone The audio logo was produced by Musikvergnuegen and written by Walter Werzowa 168 169 This audio logo is discontinued as of 2015 Font In 2014 Samsung unveiled its Samsung Sharp Sans font 170 In July 2016 Samsung unveiled its SamsungOne font a typeface that hopes to give a consistent and universal visual identity to the wide range of Samsung products SamsungOne was designed to be used across Samsung s diverse device portfolio with a focus on legibility for everything from smaller devices like smartphones to larger connected TVs or refrigerators as well as Samsung marketing and advertisements The font family supports 400 different languages through over 25 000 characters 171 SponsorshipsFurther information on Samsung s sports sponsorships Samsung Sports A Samsung display in Salt Lake City during the 2002 Winter Olympics Samsung Electronics spent an estimated 14 billion U S on advertising and marketing in 2013 At 5 4 of annual revenue this is a larger proportion than any of the world s top 20 companies by sales Apple spent 0 6 and General Motors spent 3 5 Samsung became the world s biggest advertiser in 2012 spending 4 3 billion compared to Apple s 1 billion Samsung s global brand value of 39 6 billion is less than half that of Apple 172 ControversiesLabor abuses Samsung was the subject of several complaints about child labor in its supply chain from 2012 to 2015 In July 2014 Samsung cut its contract with Shinyang Electronics after it received a complaint about the company violating child labor laws 173 Samsung says that its investigation turned up evidence of Shinyang using underage workers and that it severed relations immediately per its zero tolerance policy for child labor violations One of Samsung s Chinese supplier factories HEG was criticized for using underage workers by China Labor Watch CLW in July 2014 HEG denied the charges and has sued China Labor Watch 174 175 CLW issued a statement in August 2014 claiming that HEG employed over ten children under the age of 16 at a factory in Huizhou Guangdong The group said the youngest child identified was 14 years old Samsung said that it conducted an onsite investigation of the production line that included one on one interviews but found no evidence of child labor being used CLW responded that HEG had already dismissed the workers described in its statement before Samsung s investigators arrived 173 CLW also claimed that HEG violated overtime rules for adult workers CLW said a female college student was only paid her standard wage despite working four hours of overtime per day even though Chinese law requires overtime pay at 1 5 to 2 0 times standard wages 173 In 2020 the Australian Strategic Policy Institute accused at least 82 major brands including Samsung of being connected to forced Uyghur labor in Xinjiang 176 Union busting activity See also Samsung Electronics Worker safety Samsung has a no union policy and has been engaged in union busting activities around the world 177 178 Samsung has also been sued by a union for stealing the corpse of a dead worker 179 180 On 6 May 2020 Samsung vice chairman Lee Jae yong apologized for the union busting scandals 181 2007 Slush Fund scandal Kim Yong chul the former head of the legal department at Samsung s Restructuring Office and Catholic Priests Association for Justice uncovered Lee Kun hee s slush fund on 29 October 2007 He presented a list of 30 artworks that the Lee family purchased with some of the slush funds which were to be found in Samsung s warehouse in south of Seoul along with documents about bribes to prosecutors judges and lawmakers tax collectors with thousands of borrowed named bank account 182 183 The court sentenced Lee Kun hee to 3 years imprisonment 5 years probation imprisonment and fined him 11 billion won But on 29 December 2009 the South Korean president Lee Myung bak specially pardoned Lee stating that the intent of the pardon was to allow Lee to remain on the International Olympic Committee It is the only independent amnesty to have occurred in South Korean history 184 Kim Yong chul published a book Thinking about Samsung in 2010 He wrote detailed accounts of Samsung s behavior and how the company lobbied governmental authorities including the court officials prosecutors and national tax service officials for transferring Samsung s management rights to Lee Jae yong 185 Lee Kun hee s prostitution scandal In July 2016 the investigative journal KCIJ Newstapa released a video of Samsung chairman Lee Kun hee s prostitution and alleged years long employment of female sex workers 186 On 12 April 2018 Supreme Court of Korea sentenced the former general manager of CJ CheilJedang who filmed the prostitution video to four years and six months in prison for blackmail and intimidation 187 Supporting far right groups The investigative team of special prosecutors looking into the 2016 South Korean political scandal announced that the Blue House received money from South Korea s four largest chaebols Samsung Hyundai Motor Group SK Group and LG Group to fund pro government demonstrations by conservative and far right organizations such as the Korean Parent Federation KPF and the Moms Brigade 188 Price fixing On 19 October 2011 Samsung companies were fined 145 727 000 for being part of a price cartel of ten companies for DRAMs which lasted from 1 July 1998 to 15 June 2002 The companies received like most of the other members of the cartel a 10 reduction for acknowledging the facts to investigators Samsung had to pay 90 of their share of the settlement but Micron 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artworks found in Samsung warehouse Yonhap News Agency 24 January 2008 Archived from the original on 28 April 2021 Sang hun Choe 20 November 2007 New Bribery Allegation Roils Samsung The New York Times Archived from the original on 11 June 2019 So eui Rhee 29 December 2009 South Korea to pardon former Samsung chairman Reuters Archived from the original on 28 April 2019 Samsung whistle blower publishes revealing book about the company s corruption Hankyoreh 1 February 2010 Archived from the original on 3 June 2021 Gyeong rae Kim In bo Sim 21 July 2016 Samsung Chairman Lee Kunhee Engaged in Suspected Prostitution KCIJ NewsTapa Archived from the original on 3 June 2021 이건희 성매매 의혹 동영상 찍은 일당 실형 확정 Imprisonment confirmed for the person who filmed the video of Lee Kun hee s prostitution suspicion Yonhap News Agency 12 April 2018 Archived from the original on 3 June 2021 Nam il Kim Young ji Seo 31 January 2017 Nearly 6 million flowed from chaebol to far right groups over three years Hankyoreh Archived from the original on 31 January 2017 Antitrust Commission fines DRAM producers 331 million for price cartel reaches first settlement in a cartel case European Commission European Commission Archived from the original on 7 July 2010 Retrieved 22 April 2012 Canadian DRAM Class Action themoneyismine com Archived from the original on 15 September 2015 Retrieved 31 August 2015 Sharwood Simon 23 June 2022 Samsung fined 14 million for misleading smartphone water resistance claims The Register The Register Retrieved 7 July 2022 Samsung Announces 2022 Neo QLED TV Line Up Across Europe Breaking the Rules with Samsung Galaxy Tab S8 Series The Biggest Boldest Most Versatile Galaxy Tablet EverExternal links Wikimedia Commons has media related to Samsung Official website Retrieved from https en wikipedia org w index php title Samsung amp oldid 1131309983, wikipedia, wiki, book, books, library,

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