Samsung

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The Samsung Group (Korean: 삼성그룹 / Samseong Geurup / sam'sʌŋ gɯ'ɾup) is a South Korean multinational conglomerate corporation headquartered in Samsung Town, Seoul, South Korea. It comprises numerous international affiliated businesses, most of them united under the Samsung brand. Notable Samsung Group industrial subsidiaries include Samsung Electronics (the world's largest information technology company measured by 2010 revenues),[3][4] Samsung Heavy Industries (the world's second-largest shipbui
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  The Samsung Group  (Korean:  삼성그룹 / Samseong Geurup / sam's ʌ ŋ g ɯ ' ɾ up) is a SouthKorean multinational conglomerate corporation headquartered in Samsung Town, Seoul, South Korea.It comprises numerous international affiliated businesses,most of them united under the Samsung brand.Notable Samsung Group industrial subsidiaries include Samsung Electronics (the world's largest information technology company measured by 2010 revenues), [3][4]  Samsung Heavy Industries (the world's second-largest shipbuilder measured by 2010 revenues), [5]  and Samsung Engineering  and Samsung C&T (respectively the world's 35th- and 72nd-largest construction companies). [6]  Other notable subsidiaries include Samsung Life Insurance (the world's 14th-largest insurance company), [7]  Samsung Securities, Samsung SDS, Samsung Everland (the oldest theme park  in South Korea), [8]  Cheil Worldwide (the world's 19th-largest advertising agency measured by 2010 revenues) [9][10]  and Shilla Hotel.  Samsung Group produces around a fifth of South Korea's total exports [11]  and its revenues arelarger than many countries' GDP;in 2006, it would have been the world's 35th-largest economy. [12]  In many South Korean industries Samsung Group enjoys a monopolyposition. [ citation needed  ] The company has a powerful influence on South Korea's economicdevelopment, politics, media and culture, and has been a major driving force behind the Miracleon the Han River . Many businesses today use Samsung's international success as a rolemodel. [ citation needed  ]   Contents [hide]     1 Etymology     2 History  o   2.1 Veiled revenue  o   2.2 Partitions of Samsung Group  o   2.3 Acquisitions     3 Products, customers and organizational structure  o   3.1 Group divisions  o   3.2 Notable customers     4 Logo  o   4.1 Sonic logo     5 Samsung Medical Center     6 Olympics     7 See also     8 Notes and references     9 External links  [edit] Etymology  According to the founder of Samsung Group, the meaning of the Korean hanja word Samsung ( 三星 )is tristar or three stars . The word three represents something big, numerous andpowerful ; the stars mean eternity. [13]   [edit] History The building of  Samsung Sanghoe in Daegu in the 1930sIn 1938, [14]  Lee Byung-chull (1910  –  1987) of a large landowning family in the Uiryeong county came to the nearby Daegu city and founded Samsung Sanghoe ( 삼성상회 ), a small tradingcompany with forty employees located in Su-dong (now Ingyo-dong). It dealt in groceriesproduced in and around the city and produced noodles itself. The company prospered and Leemoved its head office to Seoul in 1947. When the Korean War broke out, however, he was forced to leave Seoul and started a sugar refinery in Busan as a name of   Cheil Jedang .After thewar, in 1954, Lee founded  Cheil Mojik   and built the plant in Chimsan-dong, Daegu. It was thelargest woolen mill ever in the country and the company took on an aspect of a major company.Samsung diversified into many areas and Lee sought to establish Samsung as an industry leaderin a wide range of enterprises, moving into businesses such as insurance, securities, and retail.Lee placed great importance on industrialization, and focused his economic developmentstrategy on a handful of large domestic conglomerates, protecting them from competition andassisting them financially. He later banned several foreign companies from selling consumerelectronics in South Korea in order to protect Samsung from foreign competition. [ citation needed  ]  In the late 1960s, Samsung Group entered into the electronics industry. It formed severalelectronics-related divisions, such as Samsung Electronics Devices Co., Samsung Electro-Mechanics Co., Samsung Corning Co., and Samsung Semiconductor & TelecommunicationsCo., and made the facility in Suwon.Its first product was a black-and-white television set. In 1980, the company acquired  Hanguk Jeonja Tongsin in Gumi,and started to build telecommunication devices. Its early products were switchboards. The facility were developedinto the telephone and fax manufacturing systems and became the centre of Samsung's mobilephone manufacturing. They have produced over 800 million mobile phones to date. [15]  Thecompany grouped them together under Samsung Electronics Co., Ltd. in the 1980s.   View of the Samsung logo inside the Time Warner Center in New York City.  In the late 1980s and early 1990s, Samsung Electronics invested heavily in research anddevelopment, investments that were pivotal in pushing the company to the forefront of the globalelectronics industry. In 1982, it built a television assembly plant in Portugal; in 1984, a plant inNew York; in 1985, a plant in Tokyo; in 1987, a facility in England;and another facility in Austin in 1996. In total, Samsung has invested about $5.6 billion in the Austin location  –  by farthe largest foreign investment in Texas and one of the largest single foreign investments in the United States.The new investment will bring the total Samsung investment in Austin to morethan $9 billion. [16]  Samsung started to rise as an international corporation in the 1990s. Samsung's constructionbranch was awarded a contract to build one of the two Petronas Towers in Malaysia, Taipei 101  in Taiwan and the Burj Khalifa in United Arab Emirates. [17]  In 1993, Lee Kun-hee sold off ten of  Samsung Group's subsidiaries, downsized the company, and merged other operations toconcentrate on three industries: electronics, engineering, and chemicals. In 1996, the SamsungGroup reacquired the Sungkyunkwan University foundation. 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 1990s. The company was founded in 1999 as Korea Aerospace Industries (KAI), the result of merger between thenthree 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.  [18]  Samsung Techwin has been the sole supplier of a combustor module of theTrent 900 engine of the Rolls-Royce Airbus A380-The largest passenger airliner in the world- since 2001. [19]  Samsung Techwin of Korea is a revenue-sharing participant in the Boeing's 787 Dreamliner GEnx engine program. [20]     Samsung Group headquarters at Samsung Town, Seoul.  Samsung became the largest producer of memory chips in the world in 1992, and is the world'ssecond-largest chipmaker after Intel (see Worldwide Top 20 Semiconductor Market Share Ranking Year by Year). [21]  In 1995, it built 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 stablesupply of LCD panels for both manufacturers. S-LCD is owned by Samsung (50% plus 1 share) and Sony (50% minus 1 share) and operates its factories and facilities in Tangjung, South Korea.Samsung Electronics overtook  Sony as one of the world's most popular consumer electronics brands in 2004 and 2005, and is now ranked #19 in the world overall. [22]  In Q3 of 2011, Samsunghas overtaken Apple to become the World's Largest Smartphone maker. [23]  SCTV and Indosiar  are subsidiary of Surya Citra Media that owned by Samsung. In 2011, SCTV and Indosiar willmerger and given stake by Samsung. [ citation needed  ]  According to the FTC(Fair Trade Commission) data as of April 1, 2011, the number of Samsung Group’s affiliates increased 32.1 percent to 78 from 59 in 2008. [24]  Samsung has also been listed among the top 10 most trusted brands in India by The Brand TrustReport [25]  India Study.    Number of unlisted companies within the group : 59    Number of listed companies within the group : 19(KOSPI-listed firms)   Company SymbolCompany Symbol SAMSUNG Corporation 000830 Shilla Hotels and Resorts 008770SAMSUNG Securities 016360 SAMSUNG Fine Chemicals 004000 SAMSUNG SDI 006400 SI Corporation 012750
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