Samsung company history

South Korean multinational electronics corporation

This article is about the electronics subsidiary. For the conglomerate, see Samsung Group.

Samsung Electronics Co., Ltd. (SEC; stylised as SΛMSUNG; Korean:&#;삼성전자; RR:&#;Samseong Jeonja; lit.&#;Tristar Electronics) is a South Korean multinational major appliance and consumer electronics corporation founded on 13 January and headquartered in Yeongtong District, Suwon, South Korea. It is currently the pinnacle of the Samsungchaebol, accounting for 70% of the group's revenue in , and has played a key role in the group's corporate governance due to cross ownership. It is majority-owned by foreign investors.

As of , Samsung Electronics is the world's second-largest technology company by revenue, and its market capitalization stood at US$&#;billion, the 12th largest in the world. It ranks as the world's second l

South Korean multinational conglomerate

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 (Korean:&#;삼성; Hanja:&#;三星; RR:&#;samseong[samsʌŋ]; stylised as SΛMSUNG) is a South Korean multinational manufacturing conglomerate headquartered in the Samsung Town office complex in Seoul. The group consists of numerous affiliated businesses, most of which operate under the Samsung brand, and is the largest chaebol (business conglomerate) in South Korea. As of , Samsung has the world's fifth-highest brand value.

Founded in by Lee Byung-chul as a trading company, Samsung diversified into various sectors, including food processing, textiles, insurance, securities, and retail, over the next three decades. In the late s, Samsung entered the electronics industry, followed by the construction and shipbuilding sectors in the mids—areas that would fuel its future growth. After Lee died in , Samsung was divided into five business groups: Samsung Group, Shinsegae Group, CJ Group, Hansol Group, and JoongAng Group.

Key affiliates of Samsung include Samsung Electronics, the world's largest information technology company, consumer electronics maker and chipmaker by revenues;Samsung Heavy Industries, the world's second-largest shipbuilder by revenues; and Samsung Engineering and Samsung C&T Corporation, ranked 13th and 36th among global construction companies, respectively. Other significant subsidiaries are Samsung Life Insurance, the 14th-largest life insurance company globally, Samsung Everland, operator of Everland Resort (South Korea's oldest theme park), and Cheil Worldwide, the world's 15th-la

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Business History

Samsung Electronics is a technology giant that has a rich and remarkable history. It all began in when Samsung was founded as a small trading company in South Korea. Over the years, the company diversified its operations and ventured into various industries. In , Samsung Electronics was established as a subsidiary dedicated to manufacturing electronic products. Since then, it has consistently pushed the boundaries of innovation. Samsung introduced its first black and white television in the s and later made significant advancements in color TV technology. In the s, they expanded into the semiconductor and mobile phone markets, laying the foundation for their future success. The s witnessed the launch of the world's first digital television and the company's entry into the global market. Samsung's growth continued unabated in the s, with groundbreaking developments in smartphones, televisions, home appliances, and other consumer electronics. Today, Samsung Electronics is an industry leader, renowned for its cutting-edge technology, sleek designs, and unmatched quality. With a legacy of innovation spanning over eight decades, Samsung has become a household name and a symbol of excellence in the world of electronics.