Samsung (Hangul: Ã, ?? ; Hanja: Ã, ?? ; Korean pronunciation: Ã, [sams ??] ) is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul. It consists of many affiliate businesses, most of them united under the Samsung brand, and is the largest South Korean conglomerate.
Samsung was founded by Lee Byung-chul in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities and retail. Samsung entered the electronics industry in the late 1960s and the construction and shipbuilding industry in the mid-1970s; these areas will encourage further growth. After Lee's death in 1987, Samsung separated into four business groups - the Samsung Group, the Shinsegae Group, the CJ Group and the Hansol Group. Since 1990, Samsung has been increasingly globalizing its activities and electronics; in particular, cell phones and semiconductors have become the most important source of income. In 2017, Samsung has the highest global brand value to-6.
Notable industry affiliates include Samsung Electronics Samsung (the world's largest information technology company, consumer electronics manufacturer and chipmaker measured by revenue 2017), Samsung Heavy Industries (the world's second largest shipbuilder, measured by 2010 revenue), and Samsung Engineering and Samsung C & amp; T (each of the 13th and 36th largest construction companies of the world). Other leading subsidiaries include Samsung Life Insurance (the world's 14th largest life insurance company), Samsung Everland (Everland Resort operator, South Korea's oldest amusement park) and Cheil Worldwide (the world's 15th largest advertising agency measured by revenue 2012).
Samsung has a strong influence on South Korea's economic, political, media, and cultural developments and has been a major driving force behind the "Miracle on the Han River". Its affiliated companies make up about one-fifth of South Korea's total exports. Samsung's revenue is equivalent to 17% of South Korea's $ 1.082 billion GDP.
Video Samsung
Etymology
According to the founder of Samsung, the meaning of the Korean hanja Samsung (??) is "tri star" or "three star". The word "three" represents something "big, big and strong".
Maps Samsung
History
1938 to 1970
In 1938, Lee Byung-chul (1910-1987) from the family of a large landowner in the Uiryeong region moved to nearby Daegu town and founded Samsung Sanghoe (????, ????). Samsung started as a small trading company with forty employees located in Su-dong (now Ingyo-dong). It deals with dried fish, local groceries and noodles. The company prospered and Lee moved his headquarters to Seoul in 1947. When the Korean War broke out, he was forced to leave Seoul. He started a sugar refinery in Busan called Cheil Jedang . In 1954 Lee established the Cheil Mojik and built a factory in Chimsan-dong, Daegu. It is the largest wool mill ever in this country.
Samsung diversified into various fields. Lee sought to establish Samsung as a leader in various industries. Samsung moved into business lines such as insurance, securities and retail.
In 1947, Cho Hong-jai, founder of Hyosung Group, jointly invested in a new company called Samsung Mulsan Gongsa, or Samsung Trading Corporation, with founder Samsung Lee Byung-chull. The trading company grew into Samsung C & amp; T Corporation at present. After several years, Cho and Lee parted because of the different management styles. Cho wants 30 equity shares. Samsung Group is separated into Samsung Group and Hyosung Group, Hankook Tire and other businesses.
In the late 1960s, Samsung Group entered the electronics industry. It forms several electronics-related divisions, such as Samsung Electronics Devices, Samsung Electro-Mechanics, Samsung Corning and Samsung Semiconductor & amp; Telecommunication, and making facilities in Suwon. The first product is a set of black and white television.
1970 to 1990
In 1980, Samsung acquired the Hangen-based Gumi Hanguk Jeonja Tongsin and entered the telecommunication hardware. The product was originally a switchboard. The facility was developed into a telephone and fax manufacturing system and became the center of Samsung mobile phone manufacturing. They have generated more than 800 million mobile phones to date. The company grouped them together under Samsung Electronics in the 1980s.
After Lee, the founder's death in 1987, Samsung Group was separated into four business groups - the Samsung Group, the Shinsegae Group, the CJ Group and the Hansol Group. Shinsegae (discount store, department store) was originally part of the Samsung Group, separated in the 1990s from the Samsung Group along with CJ Group (Food/Chemicals/Entertainment/logistics), and Hansol Group (Paper/Telecom). Today these separate groups are independent and they are not part of or connected with Samsung Group. A representative of Hansol Group said, "Only people who do not know about the laws governing the business world can believe something very unreasonable", adds, "When Hansol split from the Samsung Group in 1991, he decided on all payment guarantees and holds shares with Samsung affiliates. "One source of the Hansol Group affirmed," Hansol, Shinsegae, and CJ have been under independent management since their separation from the Samsung Group ". One Shinsegae department store executive director said, "Shinsegae does not have a payment guarantee associated with Samsung Group".
In the 1980s, Samsung Electronics began investing heavily in research and development, a very important investment in pushing the company to become a leader in the global electronics industry. In 1982, he built a television assembly plant in Portugal; in 1984, a factory in New York; in 1985, a factory in Tokyo; in 1987, a facility in England; and other facilities in Austin, Texas, in 1996. By 2012, Samsung has invested more than US $ 13,000,000,000 at the Austin facility, which operates under the name Samsung Austin Semiconductor. This makes Austin the largest foreign investment location in Texas and one of the largest single foreign investment in the United States.
1990 to 2000
Samsung began to rise as an international company in the 1990s. The construction branch of Samsung was awarded a contract to build one of two Petronas Towers in Malaysia, Taipei 101 in Taiwan and Burj Khalifa in the United Arab Emirates. In 1993, Lee Kun-hee sold ten of Samsung Group's subsidiaries, streamlined the company, and combined other operations to concentrate on three industries: electronics, engineering, and chemicals. In 1996, the Samsung Group rebuilt the foundations of Sungkyunkwan University.
Samsung became the world's largest memory chip manufacturer in 1992 and is the world's second-largest chipmaker after Intel (see the 20th Worldwide Semiconductor Stock Market by Year). In 1995, he created the first liquid crystal display. Ten years later, Samsung grew into the largest manufacturer of liquid crystal display panels in the world. Sony, which did not invest in large-size TFT-LCDs, contacted Samsung to cooperate, and, in 2006, S-LCD was established as a joint venture between Samsung and Sony to provide a stable supply of LCD panels for both manufacturers. S-LCD is owned by Samsung (50% plus one share) and Sony (50% minus one share) and operates its plant and facilities in Tangjung, South Korea. On December 26, 2011, it was announced that Samsung has acquired Sony shares in this joint venture.
Compared to other major Korean companies, Samsung survived the relatively unharmed 1997 Asian financial crisis. However, Samsung Motor sold to Renault with significant losses. In 2010, Renault Samsung is 80.1 percent owned by Renault and 19.9 percent owned by Samsung. In addition, Samsung produced various aircraft from the 1980s to the 1990s. The company was founded in 1999 as Korea Aerospace Industries (KAI), the result of a merger between three major domestic aerospace divisions of Samsung Aerospace, Daewoo Heavy Industries and Hyundai Space and Aircraft Company. However, Samsung is still producing aircraft engines and gas turbines.
2000 to 2015
In 2000, Samsung opened a computer programming laboratory in Warsaw, Poland. His work began with set-top-box technology before moving to digital TV and smartphones. The smartphone platform was developed with partners, officially launched with Samsung Solstice's official lineup and other derivatives in 2008, and later developed into Samsung Galaxy devices including Notes & amp; Edges and other products. In 2011, Warsaw base is an R & amp; D most important Samsung in Europe, is expected to recruit 400 new employees per year by the end of 2013.
In 2010, Samsung announced a ten-year growth strategy centered around five businesses. One of these businesses is focused on biopharmaceutical, who has committed? 2.100 billion.
In December 2011, Samsung Electronics sold its hard disk drive business to Seagate.
In the first quarter of 2012, Samsung Electronics became the world's largest mobile phone maker with unit sales, surpassing Nokia, which has been a market leader since 1998. In the Austin American-Statesman edition released on August 21, 2012, Samsung confirmed plans to spend 3 to 4 billion dollars to convert half of the Austin chip manufacturing plant to a more profitable chip. Conversions should begin in early 2013 with on-line production by the end of 2013. On March 14, 2013, Samsung launched the Galaxy S4.
On August 24, 2012, nine US jury members decided that Samsung had to pay Apple $ 1.05 billion in damages for violating its six patents on smart phone technology. The award is still less than $ 2.5 billion requested by Apple. The decision also ruled that Apple did not infringe on Samsung's five patents cited in the case. Samsung denounced the decision saying that the move could jeopardize innovation in the sector. It also follows South Korea's decision that both companies are guilty of infringing their intellectual property. In the first trading after the ruling, Samsung shares on the Kospi index fell 7.7%, the biggest decline since October 24, 2008, to 1.177 million Korean won. Apple then attempted to ban the sale 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) which has been rejected by the court.
On September 4, 2012, Samsung announced that it plans to check all of its Chinese suppliers for possible labor policy violations. The company said it will conduct an audit of 250 Chinese companies that are its exclusive supplier to see if children under the age of 16 are being used in their plants.
In 2013, New Zealand news outlets reported a number of Samsung's washing machines spontaneously on fire. Corporations are expected to spend $ 14 billion on advertising and marketing by 2013, with publications appearing in TV and cinema advertisements, on billboards and on sporting and art events. In November 2013, the corporation was worth $ 227 billion.
In May 2014, Samsung announced it would shut down its streaming service on July 1, 2014, also meant the end of the Samsung Music Hub app which is usually installed on its Android phone.
On September 3, 2014, Samsung announced Gear VR, a virtual reality device that works with Oculus VR and developed for Galaxy Note 4.
In October 2014, Samsung announced a $ 14.7 billion investment to build a chip plant in South Korea. Construction will begin next year with production starting in 2017. The company has not yet decided which chips to produce.
In October 2014, Samsung also announced it will invest 633 billion South Korean won ($ 560 million USD) in the construction of a new 700,000 square meter production complex in Vietnam.
Samsung plans to launch a new set of services from early 2015. The goal of this new business offering, dubbed Samsung 360 Services, is to become a kind of help desk for IT department businesses. Customized services range from technical support to security solutions for having Samsung employees embedded in the client business as an on-site support manager or technology consultant.
On December 2, 2014, Samsung announced it would sell Fiber Optics to US specialty glass manufacturer Corning Inc.
Samsung Electronics Inc. growing in Silicon Valley with a $ 300 million facility in San Jose, California. The 10-story complex will include 1.1 million square feet of floor space, a clean room for semiconductors and a "fitness center in the sky". The facility will be divided between semiconductor research and development and other sales and marketing functions. It will serve as North American headquarters for semiconductor operations.
By 2015, Samsung has granted more US patents than any other company - including IBM, Google, Sony, Microsoft, and Apple. The company received 7,679 utility patents until December 11.
2016 to serve
In January 2016, Samsung announced it would work with Microsoft to develop a Windows-based IOT device 10, where companies will work together to develop products that will run on platforms, and integrate with other companies that develop hardware and services in Microsoft OS.
Samsung released a fitness smartwatch called Gear Fit 2 and a brand of wireless earbud called Gear Icon X.
On August 2, 2016, Samsung launched the Galaxy Note7 smartphone, which went on sale on August 19, 2016. However, in early September 2016, Samsung discontinued phone sales and announced an unofficial withdrawal. This happens after some cell phone units have batteries with defects that cause them to generate excessive heat, which causes fires and explosions. Samsung replaces the revoked phone unit with the new version; However, it was later discovered that the new version of the Galaxy Note 7 also has a battery defect. Samsung pulled all of the Note7 worldwide Galaxy phones on October 10, 2016, and permanently ended production of the phone the next day.
On August 31, 2016, Samsung announced the Smartwatch Gear S3, which was released on November 18, 2016.
On March 29, 2017, Samsung launched its latest Samsung Galaxy S8 and S8 smartphones. On August 29, 2017, Samsung announced its flagship smartphone Samsung Galaxy Note8. The phone is also equipped by a number of low-end and mid-range phones, as well as Samsung Galaxy S8 Active smartphone, in 2017.
Acquisitions and acquisitions
Samsung Techwin is listed on the Korea Exchange stock exchange (number 012450), with its core activities being the development and manufacture of surveillance, aeronautics, optoelectronics, automation and weapons technology. It was announced for sale to Hanwha Group in December 2014 and the takeover is completed in June 2015.
Samsung Thales
Samsung Thales Co., Ltd. (until 2001 known as Samsung Thomson-CSF Co., Ltd.) is a joint venture between Samsung Techwin and France-based airline and Thales. Founded in 1978 and based in Seoul. Samsung's involvement is forwarded to Hanwha Group as part of Techwin transaction.
Samsung General Chemicals
Samsung Total
Samsung Total is a 50:50 joint venture between Samsung and French Total S.A. (more specifically General General Chemicals and Total Petrochemicals). Samsung's role was forwarded to Hanwha Group when the latter acquired Samsung General Chemicals.
Operation
Samsung consists of about 80 companies. It is very diverse, with activities in the areas including construction, consumer electronics, financial services, shipbuilding and medical services.
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 a profit of 30 trillion KRW ($ 27.6 billion) (based on KRW-USD exchange rate 1,084.5 KRW per USD, spot rate on August 19, 2011). This amount excludes income from all Samsung subsidiaries based outside of South Korea.
Affiliate
As of April 2011, the Samsung Group consists of 59 unlisted companies and 19 listed companies, all of which have their main list on the Korean Stock Exchange.
Ace Digitech is listed on the Korea Exchange (036550).
Cheil Industries is listed on the Korea Exchange (001300).
Cheil Worldwide is listed on the Korea Exchange stock exchange (030000 number).
Credu is listed on the Korea Exchange exchange (number 067280).
Korean Imarket is listed on the Korea Exchange (122900).
Samsung Card is listed on the Korea Exchange exchange (number 029780).
Samsung SDS is a multinational IT Services company headquartered in Seoul. The company was founded in March 1985. Its main activities are providing IT systems (ERP, IT Infrastructure, IT Consulting, IT Outsourcing, Data Center). Samsung SDS is Korea's largest IT services 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 (000830) stock exchange.
Samsung Electro-Mechanics, founded in 1973 as a major electronic components manufacturer, is headquartered in Suwon, Gyeonggi-do, South Korea. It is listed on the Korea Exchange stock exchange (009150).
Samsung Electronics
Samsung Electronics is a multinational electronics and information technology company headquartered in Suwon and the flagship company of Samsung Group. Its products include air conditioners, computers, digital television, liquid crystal displays (including thin film transistors (TFTs) and active-matrix (AMOLED) organic light-emitting diodes), cell phones, monitors, printers, refrigerators, semiconductors and telecommunications network equipment.. It is the world's largest mobile phone maker with unit sales in the first quarter of 2012, with a global market share of 25.4%. It is also the second largest semiconductor maker in the world in 2011 revenue (after Intel).
Samsung Electronics is listed on the Korea Exchange (005930).
Samsung Engineering
Samsung Engineering is a multinational construction company headquartered in Seoul. Established in January 1969. Its main activities are the construction of oil refineries; upstream oil and gas facilities; petrochemical plants and gas plants; steelmaker; power plants; water treatment facilities; and other infrastructure. It achieved total revenue of 9,298.2 billion won (US $ 8.06 billion) in 2011.
Samsung Engineering is listed on the Korea Exchange exchanges (number 02803450).
Samsung Everland
Samsung Everland includes three major sectors of Environment & amp; Assets, Cultures and Food Resorts.
Samsung Fine Chemicals
Samsung Fine Chemicals is listed on the Korea Exchange stock exchange (004000).
Samsung Fire & amp; Marine Insurance
Samsung Fire & amp; Marine Insurance is a multinational general insurance company headquartered in Seoul. Founded in January 1952 as Korea Anbo Fire and Marine Insurance and renamed Samsung Fire & amp; Marine Insurance in December 1993. Samsung Fire & amp; Marine Insurance offers services including accident insurance, car insurance, accident insurance, fire insurance, liability insurance, marine insurance, personal pensions and loans. Until March 2011 has been operating in 10 countries and 6.5 million subscribers. Samsung Fire & amp; Marine Insurance has a total premium income of $ 11.7 billion in 2011 and total assets of $ 28.81 billion as of March 31, 2011. It is the largest general insurance provider in South Korea. Samsung Fire has been listed on the Korea Exchange stock exchange since 1975 (000810 number).
Samsung Heavy Industries
Samsung Heavy Industries is a shipbuilding and engineering company headquartered in Seoul. The company was established in August 1974. Its main products are bulk carriers, container ships, crude oil tankers, cruisers, passenger ferries, steel material handling equipment and bridge structures. It achieved total revenue of 13,358.6 billion won in 2011 and is the world's second largest shipbuilder by revenue (after Hyundai Heavy Industries).
Samsung Heavy Industries is listed on the Korea Exchange exchange (number 010140).
Samsung Life Insurance
Samsung Life Insurance Co., Ltd. is a multinational life insurance company headquartered in Seoul. The company was founded in March 1957 as Dongbang Life Insurance and became an affiliate of Samsung Group in July 1963. Samsung Life's main activities are the provision of individual life insurance and annuity products and services. As of December 2011 it has operated in seven countries, 8.08 million subscribers and 5,975 employees. Samsung Life has total sales of 22,717 billion won in 2011 and total assets of 161.072 billion won as of December 31, 2011. It is the largest life insurance provider in South Korea.
Samsung Life Insurance is listed on the Korea Exchange stock exchange (number 032830)
Samsung Machine Tool
Samsung Machine Tools of America is a national machine distributor in the United States. Samsung GM Machine Tools is the headquarters of China, It is a company founded by SMEC Legal.
Samsung Medical Center
The Samsung Medical Center was established on November 9, 1994, under the philosophy of "contribute to improving the nation's health through the best medical services, advanced medical research and the development of outstanding medical personnel". Samsung Medical Center consists of hospitals and cancer centers. The hospital is located in a smart 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.
655-bed Cancer Center has 11 floors above ground and 8 floors underground, with floor area of ​​more than 100,000 square meters. SMC is a tertiary hospital manned by approximately 7,400 staff including more than 1,200 doctors and 2,300 nurses. Since its founding, Samsung Medical Center has successfully combined and developed advanced models with the motto of being a "patient-centered hospital", a new concept in Korea.
Samsung SDI
Samsung SDI is listed on the Korea Exchange stock exchange (006400 number). On December 5, 2012, EU antitrust regulators fined Samsung SDI and several other major companies to fix the price of TV cathode ray tubes in two cartels lasting nearly a decade. SSDI also built lithium-ion batteries for electric vehicles such as the BMW i3, and acquired the Magna Steyr battery manufacturer near Graz in 2015. SSDI began using the cell format "21700" in August 2015. Samsung plans to change its plant in GÃÆ'¶d, Hungary to supplying 50,000 cars per year.
Samsung Securities
Samsung Securities is listed on the Korea Exchange exchange (number 016360).
Samtron
Samtron was a subsidiary of Samsung until 1999 when it became independent. After that, he continued to make computer monitors and plasma screens until 2003, Samtron became Samsung when Samtron was a brand. In 2003 the website was redirected to Samsung.
Shilla Hotels and Resorts
Hotel Shilla (also known as "The Shilla") opened in March 1979, following the intentions of the late Lee Byung-chull, founder of the Samsung Group. Organizing many state visits and international events, he has played the role of a locomotive for the service industry in Korea with pride and responsibility as "the face representing the Samsung Group" and "the hotel representing Korea". Hotel Shilla maintains the elegance and tradition of winning the hearts of guests with the goal of becoming "the best hospitality company". By joining the LHW, it is equivalent to the most luxurious hotel in the world. Meanwhile, he has added a modernistic design element on the roof of the so-called tradition, so it changes to make himself a premium lifestyle space. In addition, with his knowledge as a service company in the background, he started a duty-free shop business, and has built his image as the best global distribution company. Also, expanding its business into a fitness facility management with five star hotels in Korea and abroad as well as entering into restaurant business. Hotel Shilla promises to be a global prestigious hospitality company that offers the best value for money by creating creative innovations and continuously accepting challenges.
Shilla Hotels and Resorts is listed on the Korea Exchange stock exchange (008770).
Company S-1
S-1 was established as Korea's first specialized security business in 1997 and has maintained its position at the top of the industry with a consistent willingness to face challenges. S1 Corporation is listed on the Korea Exchange stock exchange (number 012750).
Joint ventures
The Korea-run country Agro-Fisheries Trade Corp. set up a business, aT Grain Co., in Chicago, with three other South Korean companies, Korea Agro-Fisheries owning 55 percent of aT Grain, while Samsung C & T Corp., Hanjin Transportation Co. and STX Corporation each hold 15 percent.
Brooks Automation Asia Co., Ltd. is a joint venture between Brooks Automation (70%) and Samsung (30%) established in 1999. This venture locally manufactures and configures vacuum wafer and 300mm Front-Opening Unified Pod (FOUP) welding platforms) port module loading, and design , create and configure the atmospheric loading system for flat panel displays.
POSs Company - SLPC s.r.o. established in 2007 as a subsidiary of Samsung C & amp; T Corporation, Samsung C & amp; T Deutschland and POSCO company.
Samsung Air China Life Insurance is a 50:50 joint venture between Samsung Life Insurance and China National Aviation Holding. Founded in Beijing in July 2005.
Samsung Biologics will be jointly owned. Samsung Electronics Co. and Samsung Everland Inc. each will have a 40 percent stake in the venture, with Samsung C & T Corp and Durham, North Carolina-based Quintiles each hold 10 percent. It will make contracts of medicines made from living cells, and Samsung Group plans to expand production of biological copies including Rituxan, leukemia and lymphoma treatments sold by Roche Holding AG and Biogen Idec Inc.
Samsung Bioepis is a joint venture between Samsung Biologics (85%) and Biogen Idec based in the US (15%). In 2014, Biogen Idec agrees to commercialize future anti-TNF biosimilar products in Europe via Samsung Bioepis.
Samsung BP Chemicals, based in Ulsan, is a 49:51 joint venture between Samsung and BP based in the UK, which was established in 1989 to manufacture and supply high value-added chemical products. Its products are used in rechargeable batteries and liquid crystal display.
Samsung Corning Precision Glass is a joint venture between Samsung and Corning, which was established in 1973 to manufacture and market cathode ray tube glass for black and white television. The first LCD glass substrate manufacturing facility of the company opened in Gumi, South Korea, in 1996.
Samsung Sumitomo LED Materials is a Korean-based joint venture between Samsung LED Co., Ltd., a maker of LEDs based in Suwon, Korea and Sumitomo Chemical based in Japan. JV will conduct research and development, production and sales of sapphire substrate for LED.
SB LiMotive is a 50:50 joint venture of Robert Bosch GmbH (commonly known as Bosch) and Samsung SDI was established in June 2008. The joint venture develops and manufactures lithium-ion batteries for use in hybrid, plug-in hybrid vehicles and electric vehicles.
SD Flex Co., Ltd. was established in October 2004 as a joint venture by Samsung and DuPont, one of the largest chemical companies in the world.
Sermatech Korea owns 51% of its shares, while Samsung owns the remaining 49%. US Company Sermatech International, for businesses specializing in aircraft construction processes such as special welding and Brazing.
Samsung Life Insurance Samsung: Samsung Life Insurance holds a 37% stake while Saha Group also owns a 37.5% stake in the joint venture, with the remaining 25% owned by Thanachart Bank.
Siltronic Samsung Wafer Pte. Ltd., a joint venture by Samsung and wholly owned subsidiary of Wacker Chemie, Siltronic, officially opened in Singapore in June 2008.
SMP Ltd. is a joint venture between Samsung Fine Chemicals and MEMC. MEMC Electronic Materials Inc. and Korean conglomerate affiliates Samsung formed a joint venture to build a polysilicon plant.
Steco is a joint venture established between Samsung Electronics and Toray Industries Japan in 1995.
Stemco is a joint venture established between Samsung Electro-Mechanics and Toray Industries in 1995.
Toshiba Samsung Storage Technology Corporation (TSST) is a joint venture between Samsung Electronics and Toshiba Japan specializing in the manufacture of optical disk drives. TSST was formed in 2004, and Toshiba owns 51% of its shares, while Samsung owns the remaining 49%.
Not Active
In 1998, Samsung created a joint US venture with Compaq - called Alpha Processor Inc. (API) - to help enter the high-end processor market. The effort also aims to expand Samsung's non-memory chip business by creating Alpha processors. At that time, Samsung and Compaq invested $ 500 million in Alpha Processors.
GE Samsung Lighting is a joint venture between Samsung and GE Lighting subsidiary General Electric. This business was founded in 1998 and broke down in 2009.
Global Steel Exchange is a joint venture formed in 2000 between Samsung, US-based Cargill, Duferco Group based in Switzerland, and Luxembourg-based Tradearbed (now part of ArcelorMittal), to handle the purchase and sale of steel online.
S-LCD Corporation is a joint venture between Samsung Electronics (50% plus one share) and Sony Corporation based in Japan (50% minus one share) established in April 2004. On December 26, 2011, Samsung Electronics announced that it acquired all of Sony's shares in that venture.
Partially owned companies
Atlà ¢  ¢ ntico Sul
Samsung Heavy Industries owns 10% of Brazilian shipbuilders Atlà ¢ â,‰ "¢ ntico Sul, the Atlà ¢  ¢ ntico Sul Shipyard is the largest shipyard in South America. The Joao Candido , Brazil's largest ship, was built by AtlÃÆ' ¢ ntico Sul with technology licensed by Samsung Heavy Industries. These companies have technical assistance agreements through which industrial design, ship engineering and other knowledge are being transferred to Atlà ¢ ntico Sul.
DGB Financial Group
Samsung Life Insurance currently holds a 7.4% stake in South Korea's DGB Financial Group, making it the largest shareholder.
Corning Inc.
Samsung acquired 7.4% of Gorilla Glass Corning makers, signed a long-term supply agreement.
Doosan Engine
Samsung Heavy Industries currently holds 14.1% stake in Doosan Engine , making it the second largest shareholder.
Korea Aerospace Industries
Samsung Techwin currently holds a 10% stake in Korea Aerospace Industries (KAI). Other major shareholders include Korea's state-owned Financial Corporation (26.75%), Hyundai Motor (10%) and Doosan (10%).
MEMC KOREA
MEMC joint venture with Samsung Electronics Company, Ltd. In 1990, MEMC entered into a joint venture agreement to build a silicon factory in Korea.
Pantech
Samsung bought a 10% stake in competitor Pantech's mobile phone maker.
Rambus Incorporated
Samsung currently has 4.19% of Rambus Incorporated.
Renault Samsung Motors
Samsung currently has 19.9% ​​of Renault car manufacturer Samsung Motors.
Seagate Technology
Samsung currently has 9.6% of Seagate Technology, making it the second largest shareholder. Under the shareholder agreement, Samsung reserves the right to nominate an executive for the Seagate Board of Directors.
Sharp Corporation
Samsung owns 3% Sharp Corporation, a rival company.
SungJin Geotec
Samsung Engineering holds a 10% stake in Sungjin Geotec, an offshore oil drilling company which is a subsidiary of POSCO.
Taylor Energy
Taylor Energy is an independent American oil company that drills in the Gulf of Mexico based in New Orleans, Louisiana. Samsung Oil & amp; Gas USA Corp., a subsidiary of Samsung, currently has 20% of Taylor's energy.
Wacom
Samsung has 5% of Wacom.
Primary client
Major Samsung clients include:
- Royal Dutch Shell
- Samsung Heavy Industries will be the sole provider of a $ 50 billion liquefied natural gas (LNG) storage facility to Royal Dutch Shell for the next 15 years.
- Shell announces plans to build the world's first floating liquid gas (FLNG) platform. In October 2012 at Samsung Heavy Industries shipyard on Geoje Island in South Korea, work begins with a "ship" which, when completed and loaded, will weigh 600,000 tons, the largest "ship" in the world. That's six times larger than the largest US aircraft carrier.
- The Government of United Arab Emirates
- A consortium of South Korean companies, including Samsung, Korea Electric Power Corporation and Hyundai, won a $ 40 billion deal to build a nuclear power plant in the United Arab Emirates.
- Ontario government
- The Canadian provincial government of Canada signed one of the world's largest renewable energy projects, signing a $ 6.6 billion deal for an additional 2,500 MW of new wind and solar energy. Under the agreement, the consortium led by Samsung and Korea Electric Power Corporation will manage the development of 2,000 MW -new wind farms and 500 MW solar capacity, while also building up the manufacturing supply chain in this province.
Logo and font
The basic colors in the blue logo, which Samsung has been using for years, supposedly symbolize the stability, reliability, and corporate social responsibility.
Audio logo
Samsung has an audio logo, which consists of notes E?, A?, D ?, E ?; after the initial E? That tone is perfect fourth for A ?, down fifth perfect for D ?, then go up the second major to get back to the beginning E? tone. Audio logo produced by Musikvergnuegen and written by Walter Werzowa.
Font
In July 2016, Samsung launched its SamsungOne font, a typeface that hopes to provide a consistent and universal visual identity for a wide range of Samsung products. SamsungOne is designed for use across Samsung's diverse portfolio of devices, focusing on legibility for everything from smaller devices such as smartphones to larger TVs or refrigerators, and Samsung marketing and advertising. The font family supports 400 different languages ​​through over 25,000 characters.
Samsung Medical Center
Samsung donated about US $ 100 million per year to Samsung Medical Center, a non-profit healthcare provider founded by the group in 1994. Samsung Medical Center combines Seoul Seoul Hospital, Samsung Kangbook Hospital, Samsung Changwon Hospital, Samsung Cancer Center and Samsung Life Sciences Research Center. The Samsung Cancer Center, located in Seoul, is the largest cancer center in Asia.
Samsung Medical Center and Pfizer multinational pharmacies have agreed to collaborate on research to identify the genomic mechanisms responsible for clinical outcomes in hepatocellular carcinoma.
Sponsors
Samsung Electronics spends about $ 14 billion (US) on advertising and marketing in 2013. With 5.4% of annual revenue, this is a greater proportion than any of the top 20 companies based on sales (Apple spends 0.6% and General Motors spent 3.5%). Samsung became the world's largest 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 of Apple's.
Controversy
Financial scandal
In 2007, Samsung's former chief lawyer Kim Yong Chul claimed 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's lawyers are training executives to serve as scapegoats in a "fake scenario" to protect Lee, even though the executives are not involved. Kim also told the media that he was "sidelined" by Samsung after he refused to pay a $ 3.3 million bribe to a US Federal District Court judge prosecuting a case in which two of their executives were found guilty on charges related to memory chip pricing. Kim revealed that the company has collected large amounts of secret funds through illegally opened bank accounts under the name of up to 1,000 Samsung executives - in its own name, four accounts opened to manage 5 billion won.
Anti-trust worries
"You can even say the chairman of Samsung is stronger than the President of South Korea. [South] Koreans have regarded Samsung as unbeatable and above the law," said Woo Suk-hoon, the economic podcast host popular in the Washington Post article titled "In South Korea, the Republic of Samsung", was published on December 9, 2012. Critics claim that Samsung knocked out smaller businesses, limited options for South Korean consumers, and sometimes colluded with fellow giants to fix prices while harassing them who are investigating. Lee Jung-hee, South Korean presidential candidate, said in a debate, "Samsung has a government in its hands, Samsung runs the world of law, the press, academia and bureaucracy".
Viral marketing
The Fair Trade Commission of Taiwan is investigating Samsung and Taiwan's local advertising agency for false advertising. The case began after the Commission received a complaint stating that the agency hired students to attack Samsung Electronics competitors in online forums. Samsung Taiwan made the announcement on its Facebook page stating that it did not interfere with the evaluation report and has suspended an online marketing campaign that is posting or responding to content in online forums.
Employment violations
Samsung has been 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 receiving complaints about companies violating child labor laws. Samsung said that his investigation found evidence of Shinyang using underage workers and that it severed the relationship immediately according to the "zero tolerance" policy for child labor violations.
One of Samsung's Chinese suppliers, HEG, was criticized for using minors by China Labor Watch (CLW) in July 2014. HEG denies the allegations and has demanded China Labor Watch.
CLW issued a statement in August 2014 claiming that HEG employed more than ten children under the age of 16 at a plant in Huizhou, Guangdong. The group said the youngest child identified was 14 years old. Samsung said it was conducting on-site investigations into production lines that included one-on-one interviews but found no evidence of child labor being used. CLW responded that HEG had fired the workers described in the statement before the Samsung investigators arrived.
CLW also claims that HEG violates overtime regulations for adult workers. CLW says a female student only pays her standard wage despite working overtime for four hours per day even though Chinese law requires a salary of 1.5 to 2.0 times the standard wage.
Price settings
On October 19, 2011, the Samsung company was fined EUR145,727,000 for being part of a ten-company price cartel for DRAM that runs from 1 July 1998 to 15 June 2002. The company accepts, like most other cartel members, a 10% reduction to acknowledge the facts to the investigator. Samsung had to pay 90% of their share of the settlement, but Micron avoided payment as a result of initially disclosing the case to the researchers.
In Canada, during 1999, several manufacturers of DRAM micro chips conspired to set prices, among the accused including Samsung. A price fix was investigated in 2002. The recession began to occur that year, and the pricing was over; However, by 2014, the Canadian government reopens the case and deliberately investigates. Sufficient evidence was found and presented to Samsung and two other manufacturers during a class action lawsuit trial. The companies approved a $ 120 million deal, with $ 40 million in fines, and $ 80 million to be paid back to Canadians who bought computers, printers, MP3 players, game consoles or cameras from April 1999 through June 2002.
2018 Samsung Samsung radius error
On April 8, 2018 in 2018, Samsung faulty fingerprints erroneously issue large amounts of money to employees in the stock ownership plan. The fault is disrupting Korean financial markets.
References
External links
- Official website
- Samsung Group (in Korean)
- Samsung Group (in Chinese)
Source of the article : Wikipedia
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