89 Facts About Samsung

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

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

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

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

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Samsung started a sugar refinery in Busan named Cheil Jedang.

Samsung 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 acquired the Gumi-based Hanguk Jeonja Tongsin and entered telecommunications hardware.

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

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

In 1996, the Samsung Group reacquired the Sungkyunkwan University foundation.

Samsung 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 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 stable supply of LCD panels for both manufacturers.

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

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

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

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

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

Samsung 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 suspended sales of the phone and announced an informal recall.

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

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

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".

Critics claimed that Samsung 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 manages the legal world, the press, the academics and bureaucracy".

Samsung Electronics is a multinational electronics and information technology company headquartered in Suwon and the flagship company of the Samsung Group.

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

Samsung Electronics is listed on the Korea Exchange stock market.

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

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

Samsung Engineering is a multinational construction company headquartered in Seoul.

Samsung Engineering is listed on the Korea Exchange stock market.

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

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

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

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

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

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

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

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

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Samsung 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.

Samsung's involvement was passed on to Hanwha Group as part of the Techwin transaction.

Samsung's stake was inherited by Hanwha Group in its acquisition of Samsung General Chemicals.

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

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

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

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

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

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 televisions.

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

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

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

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

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

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

Samsung 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 has the right to nominate an executive to Seagate's board of directors.

Samsung is a major supplier of microcomputers and hard disks.

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

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

Samsung Techwin acquired the German camera manufacturer Rollei in 1995.

Samsung 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 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 Electronics approved a plan to buy Sony's entire stake in their 2004 joint liquid-crystal display venture for 1.

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

In January 2013, Samsung 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 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 announced it had acquired Viv, a company working on artificial intelligence.

On 15 November 2016, Samsung 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 has employed for years, supposedly symbolizing stability, reliability and corporate social responsibility.

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

Samsung was 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 it received a complaint about the company violating child labor laws.

Samsung 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 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.

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

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

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

On 19 October 2011, Samsung 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.