Samsung Electronics Samsung C&T Corporation Samsung Heavy Industries Samsung SDS Samsung Life Insurance Samsung Fire & Marine Insurance Cheil Worldwide
Samsung Group is aSouth Koreanmultinational conglomerate headquartered in Samsung Town,Seoul.[3] It comprises numerous affiliatedbusinesses,[3] most of them united under theSamsung brand, and is the largest South Koreanchaebol (business conglomerate).Samsung is a large worldwidecompany based inSeoul.Samsung means "threestars" inKorean.
Samsung was founded by Lee Byung-chul in 1938 as a trading company. Over the next three decades, the group diversified into areas includingfood processing, textiles,insurance, securities, and retail. Samsung entered theelectronics industry in the late 1960s and the construction andshipbuilding industries in the mid-1970s; these areas would drive its subsequent growth. Following Lee's death in 1987, Samsung was separated into four business groups – Samsung Group,Shinsegae Group, CJ Group and Hansol Group. Since 1990, Samsung has increasingly globalised its activities and electronics; in particular, itsmobile phones and semiconductors have become its most important source of income.
Notable Samsung industrial affiliates include Samsung Electronics (the world's 2nd largest information technology company measured by 2015 revenues, and 5th in market value),[4] Samsung Heavy Industries (the world's 2nd largest shipbuilder measured by 2010 revenues),[5] and Samsung Engineering and Samsung C&T (respectively the world's 13th and 36th largest construction companies).[6] Other notable subsidiaries include Samsung Life Insurance (the world's 14th largest life insurance company),[7] Samsung Everland (operator of Everland Resort, the oldesttheme park in South Korea)[8] and Cheil Worldwide (the world's 15th largest advertising agency measured by 2012 revenues).[9][10]
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".[11][12] Its affiliate companies produce around a fifth of South Korea's total exports.[13] Samsung's revenue was equal to 17% of South Korea's $1,082 billion GDP.[14]
Samsung has many different businesses. It makesmobile phones,cameras and otherelectronics. 'Samsung Electronics' who sellSamsung Galaxy products. Samsung is the best known South Korean brand in the world.
In December 2018 the company announced a launch of new 5G smartphone, which took place in 2019,In Samsung, the production of the Galaxy Note 7 was temporarily halted 2023.[15][16]
According to Samsung's founder, the meaning of theKoreanhanja wordSamsung (三星) is "tri-star" or "two stars". The word "two" represents something "big, numerous and powerful".[17]
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