90 Facts About Samsung Group

Samsung Group (Korean: ) is a South Korean multinational manufacturing conglomerate headquartered in Samsung Town, Seoul, South Korea.

Samsung Group was founded by Lee Byung-chul in 1938 as a trading company.

Samsung Group 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.

Samsung Group started out as a small trading company with forty employees located in Su-dong.

Samsung Group prospered and Lee moved its head office to Seoul in 1947.

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Samsung Group started a sugar refinery in Busan named Cheil Jedang.

Samsung Group moved into lines of business such as insurance, securities, and retail.

Samsung Group was separated into Samsung Group and Hyosung Group, Hankook Tire and other businesses.

In 1980, Samsung Group acquired the Gumi-based Hanguk Jeonja Tongsin and entered telecommunications hardware.

Samsung Group grouped them together under Samsung Electronics in the 1980s.

Since 1990, Samsung Group has increasingly globalised its activities and electronics; in particular, its mobile phones and semiconductors have become its most important source of income.

In 1993, Lee Kun-hee sold off ten of Samsung Group's subsidiaries, downsized the company, and merged other operations to concentrate on three industries: electronics, engineering and chemicals.

Samsung Group became the world's largest producer of memory chips in 1992 and is the world's second-largest chipmaker after Intel.

Ten years later, Samsung Group 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 Group to cooperate, and, in 2006, S-LCD was established as a joint venture between Samsung Group and Sony in order to provide a stable supply of LCD panels for both manufacturers.

Additionally, Samsung Group manufactured a range of aircraft from the 1980s to the 1990s.

Samsung Group was founded in 1999 as Korea Aerospace Industries, the result of a merger between then three domestic major aerospace divisions of Samsung Aerospace, Daewoo Heavy Industries and Hyundai Space and Aircraft Company.

Kim said that Samsung Group lawyers trained executives to serve as scapegoats in a "fabricated scenario" to protect Lee, even though those executives were not involved.

In 2010, Samsung Group announced a ten-year growth strategy centered around five businesses.

In first quarter of 2012, Samsung Group Electronics became the world's largest mobile phone maker by unit sales, overtaking Nokia, which had been the market leader since 1998.

Samsung Group decried the decision saying that the move could harm innovation in the sector.

Samsung Group Taiwan made an announcement on its Facebook page in which it stated that it had not interfered with any evaluation report and had stopped online marketing campaigns that constituted posting or responding to content in online forums.

In 2015, Samsung has been granted more U S patents than any other company – including IBM, Google, Sony, Microsoft and Apple.

However, in early September 2016, Samsung Group suspended sales of the phone and announced an informal recall.

Samsung Group replaced the recalled units of the phones with a new version; however, it was later discovered that the new version of the Galaxy Note 7 had the battery defect.

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Samsung Group recalled all Galaxy Note 7 smartphones worldwide on 10 October 2016, and permanently ended production of the phone the following day.

In 2018, Samsung Group launched the world's largest mobile manufacturing facility in Noida, India, with guest of honour including Indian Prime Minister Narendra Modi.

Samsung Group 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".

Critics claimed that Samsung Group knocked out smaller businesses, limiting choices for South Korean consumers and sometimes colluded with fellow giants to fix prices while bullying those who investigate.

Samsung Group manages the legal world, the press, the academics and bureaucracy".

Toshiba Samsung Group Storage Technology Corporation is a joint venture between Samsung Group Electronics and Toshiba of Japan which specialises in optical disc drive manufacturing.

Samsung Group Electronics is listed on the Korea Exchange stock market.

Samsung Group Biologics is a biopharmaceutical division of Samsung Group, founded in 2011.

Samsung Group is headquartered in Incheon, South Korea and its existing three plants comprises the largest biologic contract manufacturing complex.

Samsung Group Engineering is a multinational construction company headquartered in Seoul.

Samsung Group Engineering is listed on the Korea Exchange stock market.

Samsung Group Fire has been listed on the Korea Exchange stock market since 1975.

Samsung Group Heavy Industries is a shipbuilding and engineering company headquartered in Seoul.

Samsung Group Life Insurance is a multinational life insurance company headquartered in Seoul.

Samsung Group Air China Life Insurance is a 50:50 joint venture between Samsung Group Life Insurance and China National Aviation Holding.

Samsung Group SDI uses lithium-ion technology for its phone and portable computer batteries.

Samsung Group SDS is a multinational IT Service company headquartered in Seoul.

Samsung Group Electro-Mechanics, established in 1973 as a manufacturer of key electronic components, is headquartered in Suwon, Gyeonggi-do, South Korea.

Samsung Group donates around US$100 million per annum to the Samsung Group Medical Center.

Samsung Group Techwin was listed on the Korea Exchange stock-exchange, with its principal activities being the development and manufacture of surveillance (including security cameras), aeronautics, optoelectronics, automations and weapons technology.

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In 1998, Samsung created a U S joint venture with Compaq, called Alpha Processor Inc, to help it enter the high-end processor market.

GE Samsung Group Lighting was a joint venture between Samsung Group and the GE Lighting subsidiary of General Electric.

On 26 December 2011, Samsung Group Electronics announced that it would acquire all of Sony's shares in the venture.

Samsung Group Machine Tools of America is a national distributor of machines in the United States.

Samsung Group Securities is listed on the Korea Exchange stock-exchange.

Samsung Group BP Chemicals, based in Ulsan, is a 49:51 joint venture between Samsung Group and the UK-based BP, which was established in 1989 to produce and supply high-value-added chemical products.

Samsung Group Corning Precision Glass is a joint venture between Samsung Group and Corning, which was established in 1973 to manufacture and market cathode ray tube glass for black and white televisions.

Samsung Group Sumitomo LED Materials is a Korea-based joint venture between Samsung Group LED Co.

In 2011, MEMC Electronic Materials Inc and an affiliate of Korean conglomerate Samsung Group formed a joint venture to build a polysilicon plant.

DGB Financial Samsung Group is a Korea-based company that specialises in banking.

Samsung Group is divided into six segments of operation and each segment's primary source of funds come from general public deposits.

Doosan Samsung Group is a South Korean company found in 1896 by Park Seung-jik.

Samsung Group specializes in heavy industries and construction such as power plants and desalination plants.

Samsung Group specializes in producing electronic components such as licenses chip interface technologies and architectures used in digital electronic products.

Renault Samsung Group Motors is a South Korean automotive company found in 1994.

Samsung Group made car related transactions starting in 1998 and since have expanded into a range of cars and electric car models.

Under a shareholder agreement, Samsung Group has the right to nominate an executive to Seagate's board of directors.

Samsung Group is a major supplier of microcomputers and hard disks.

Samsung Group specializes in designing and manufacturing electronic products, such as phones, microwave ovens, and air conditioners.

Samsung Group specializes in manufacturing and developing offshore facilities, oil sand modules, petrochemical plant components, and desalination plants.

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Samsung Group Techwin acquired the German camera manufacturer Rollei in 1995.

Samsung Group lost a chance to revive its failed bid to take over Dutch aircraft maker Fokker when other airplane makers rejected its offer to form a consortium.

Samsung Group was forced to close the California-based computer maker following mass resignations of research staff and a string of losses.

On 26 December 2011, the board of Samsung Group Electronics approved a plan to buy Sony's entire stake in their 2004 joint liquid-crystal display venture for 1.

In December 2012, Samsung Group announced that it had acquired the privately held storage software vendor NVELO, Inc, based in Santa Clara, California.

In January 2013, Samsung Group announced that it has acquired medical imaging company NeuroLogica, part of the multinational conglomerate's plans to build a leading medical technology business.

On 14 August 2014, Samsung Group acquired SmartThings, a fast-growing home automation startup.

On 19 August 2014, Samsung said it had acquired U S air conditioner distributor Quietside LLC as part of its push to strengthen its "smart home" business.

On 18 February 2015, Samsung acquired U S -based mobile payments firm LoopPay – This allows Samsung in smartphone transactions.

On 5 March 2015, Samsung acquired small U S -based manufacturer of light-emitting diode displays, YESCO Electronics, which focuses on making digital billboards and message signs.

On 5 October 2016, Samsung Group announced it had acquired Viv, a company working on artificial intelligence.

On 15 November 2016, Samsung Group Canada announced it has acquired Rich Communications Services, a company working on a new technology for text messaging.

Basic color in the logo is blue, which Samsung Group has employed for years, supposedly symbolizing stability, reliability and corporate social responsibility.

Samsung Group has an audio logo, which consists of the notes E?, A?, D?, E?; after the initial E? tone it is up a perfect fourth to A?, down a perfect fifth to D?, then up a major second to return to the initial E? tone.

Samsung Group became the world's biggest advertiser in 2012, spending $4.

Samsung Group was the subject of several complaints about child labor in its supply chain from 2012 to 2015.

In July 2014, Samsung Group cut its contract with Shinyang Electronics after it received a complaint about the company violating child labor laws.

Samsung Group says that its investigation turned up evidence of Shinyang using underage workers and that it severed relations immediately per its "zero tolerance" policy for child labor violations.

Samsung Group said that it conducted an onsite investigation of the production line that included one-on-one interviews but found no evidence of child labor being used.

In 2020, the Australian Strategic Policy Institute accused at least 82 major brands, including Samsung Group, of being connected to forced Uyghur labor in Xinjiang.

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Samsung Group has a no-union policy and has been engaged in union-busting activities around the world.

Samsung Group has been sued by union for stealing the corpse of dead worker.

Samsung Group presented a list of 30 artworks that the family of Samsung Group Chairman Lee Kun-hee purchased with some of the slush funds, which were to be found in Samsung's warehouse in south of Seoul, along with documents about bribes to prosecutors, judges and lawmakers, tax collectors with thousands of borrowed-named bank account.

Samsung Group wrote detailed accounts of Samsung's behavior and how the company lobbied governmental authorities including the court officials, prosecutors and national tax service officials for transferring Samsung's management rights to Lee Jae-yong.

On 19 October 2011, Samsung Group companies were fined €145, 727, 000 for being part of a price cartel of ten companies for DRAMs which lasted from 1 July 1998 to 15 June 2002.