Samsung

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

Samsung Group
Native name
삼성그룹
Company typePrivate
IndustryConglomerate
Founded1 March 1938; 86 years ago (1938-03-01) in Daegu, Korea, Empire of Japan
FounderLee Byung-chul
HeadquartersSamsung Digital City,
Yeongtong District, Suwon
,
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
SubsidiariesCheil Worldwide
Samsung Asset Management
Samsung Biologics
Samsung C&T Corporation
Samsung Electro-Mechanics
Samsung Electronics
Samsung Engineering
Samsung Fire & Marine Insurance
Samsung Heavy Industries
Samsung Life Insurance
Samsung SDI
Samsung SDS
Samsung Securities
Websitesamsung.com
Samsung
Hangul
Hanja
Revised RomanizationSamseong
McCune–ReischauerSamsŏng
Economy of South Korea
History
Business culture
Industries
Regional
Related topics

Samsung Group[3] (Korean: 삼성; Hanja: 三星; RR: samseong [samsʌŋ]; stylised as SΛMSUNG) is a South Korean multinational manufacturing conglomerate headquartered in Samsung Digital City, Suwon, 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 2024, Samsung has the world's fifth-highest brand value.[4]

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, Hansol Group, and JoongAng Group.

Samsung industrial affiliates include Samsung Electronics, Samsung Heavy Industries, Samsung Engineering and Samsung C&T Corporation. Other subsidiaries include Samsung Life Insurance and Cheil Worldwide. 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]

  1. ^ a b c 삼성계열사 전자 – 삼성그룹 홈페이지. Archived from the original on 20 September 2016.
  2. ^ "Home and Kitchen Appliance showcase". Samsung. Archived from the original on 9 March 2017.
  3. ^ "SAMSUNG ELECTRONICS Co., Ltd. 2020 Half-year Business Report" (PDF). Retrieved 8 September 2020.
  4. ^ "Global 500 2024 | Brand Value Ranking League Table | Brandirectory". brandirectory.com. Retrieved 9 June 2024.
  5. ^ "Samsung topples Intel to become the world's largest chipmaker – TechCrunch". techcrunch.com. Archived from the original on 25 May 2018. Retrieved 25 May 2018.
  6. ^ Mu-Hyun, Cho. "Samsung's logic chip biz turns to AI chips and 5G for change of fortune". ZDNet. Archived from the original on 3 July 2018. Retrieved 25 May 2018.
  7. ^ Park, Kyunghee (28 July 2009). "Samsung Heavy Shares Gain on Shell's Platform Orders (Update1)". Bloomberg. Archived from the original on 24 September 2011. Retrieved 11 November 2010.
  8. ^ "The Top 225 International Contractors 2013". Engineering News-Record. Archived from the original on 30 May 2013. Retrieved 25 August 2013.
  9. ^ "Global 500 2009: Industry". FORTUNE. CNN Money. 20 July 2009. Archived from the original on 31 August 2010. Retrieved 4 September 2010.
  10. ^ Valhouli, Christina (21 March 2002). "The World's Best Amusement Parks". Forbes. Archived from the original on 22 August 2010. Retrieved 11 September 2010.
  11. ^ "Cheil Worldwide Inc (030000:Korea SE)". businessweek.com. Archived from the original on 5 October 2012. Retrieved 16 September 2010.
  12. ^ "Cheil Worldwide (030000 KS)" (PDF). kdbdw.com. 26 April 2010. Archived (PDF) from the original on 4 October 2013. Retrieved 8 May 2013.