|FactSnippet No. 431,004|
89 Facts About Samsung
Samsung was founded by Lee Byung-chul in 1938 as a trading company.
|FactSnippet No. 431,005|
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.
|FactSnippet No. 431,006|
Samsung started out as a small trading company with forty employees located in Su-dong.
|FactSnippet No. 431,007|
Samsung prospered and Lee moved its head office to Seoul in 1947.
|FactSnippet No. 431,008|
Samsung started a sugar refinery in Busan named Cheil Jedang.
|FactSnippet No. 431,009|
Samsung moved into lines of business such as insurance, securities, and retail.
|FactSnippet No. 431,010|
In 1980, Samsung acquired the Gumi-based Hanguk Jeonja Tongsin and entered telecommunications hardware.
|FactSnippet No. 431,012|
Samsung grouped them together under Samsung Electronics in the 1980s.
|FactSnippet No. 431,013|
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.
|FactSnippet No. 431,014|
In 1996, the Samsung Group reacquired the Sungkyunkwan University foundation.
|FactSnippet No. 431,015|
Samsung became the world's largest producer of memory chips in 1992 and is the world's second-largest chipmaker after Intel.
|FactSnippet No. 431,016|
Ten years later, Samsung grew to be the world's largest manufacturer of liquid-crystal display panels.
|FactSnippet No. 431,017|
Additionally, Samsung manufactured a range of aircraft from the 1980s to the 1990s.
|FactSnippet No. 431,019|
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.
|FactSnippet No. 431,021|
In 2010, Samsung announced a ten-year growth strategy centered around five businesses.
|FactSnippet No. 431,022|
Samsung decried the decision saying that the move could harm innovation in the sector.
|FactSnippet No. 431,024|
However, in early September 2016, Samsung suspended sales of the phone and announced an informal recall.
|FactSnippet No. 431,027|
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.
|FactSnippet No. 431,028|
Samsung recalled all Galaxy Note 7 smartphones worldwide on 10 October 2016, and permanently ended production of the phone the following day.
|FactSnippet No. 431,029|
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".
|FactSnippet No. 431,031|
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.
|FactSnippet No. 431,032|
Samsung manages the legal world, the press, the academics and bureaucracy".
|FactSnippet No. 431,033|
Samsung Biologics is a biopharmaceutical division of Samsung, founded in 2011.
|FactSnippet No. 431,037|
Samsung Heavy Industries is a shipbuilding and engineering company headquartered in Seoul.
|FactSnippet No. 431,042|
Samsung Life Insurance is a multinational life insurance company headquartered in Seoul.
|FactSnippet No. 431,043|
Samsung Air China Life Insurance is a 50:50 joint venture between Samsung Life Insurance and China National Aviation Holding.
|FactSnippet No. 431,044|
Samsung SDI uses lithium-ion technology for its phone and portable computer batteries.
|FactSnippet No. 431,045|
Samsung donates around US$100 million per annum to the Samsung Medical Center.
|FactSnippet No. 431,048|
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.
|FactSnippet No. 431,049|
Samsung's involvement was passed on to Hanwha Group as part of the Techwin transaction.
|FactSnippet No. 431,050|
Samsung's stake was inherited by Hanwha Group in its acquisition of Samsung General Chemicals.
|FactSnippet No. 431,051|
In 1998, Samsung created a U S joint venture with Compaq, called Alpha Processor Inc, to help it enter the high-end processor market.
|FactSnippet No. 431,052|
GE Samsung Lighting was a joint venture between Samsung and the GE Lighting subsidiary of General Electric.
|FactSnippet No. 431,053|
On 26 December 2011, Samsung Electronics announced that it would acquire all of Sony's shares in the venture.
|FactSnippet No. 431,054|
Samsung Machine Tools of America is a national distributor of machines in the United States.
|FactSnippet No. 431,055|
Samsung Securities is listed on the Korea Exchange stock-exchange.
|FactSnippet No. 431,056|
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.
|FactSnippet No. 431,057|
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.
|FactSnippet No. 431,058|
Samsung Sumitomo LED Materials is a Korea-based joint venture between Samsung LED Co.
|FactSnippet No. 431,059|
In 2011, MEMC Electronic Materials Inc and an affiliate of Korean conglomerate Samsung formed a joint venture to build a polysilicon plant.
|FactSnippet No. 431,060|
Samsung is divided into six segments of operation and each segment's primary source of funds come from general public deposits.
|FactSnippet No. 431,061|
Samsung specializes in heavy industries and construction such as power plants and desalination plants.
|FactSnippet No. 431,062|
Samsung specializes in producing electronic components such as licenses chip interface technologies and architectures used in digital electronic products.
|FactSnippet No. 431,063|
Renault Samsung Motors is a South Korean automotive company found in 1994.
|FactSnippet No. 431,064|
Samsung made car related transactions starting in 1998 and since have expanded into a range of cars and electric car models.
|FactSnippet No. 431,065|
Under a shareholder agreement, Samsung has the right to nominate an executive to Seagate's board of directors.
|FactSnippet No. 431,066|
Samsung is a major supplier of microcomputers and hard disks.
|FactSnippet No. 431,067|
Samsung specializes in designing and manufacturing electronic products, such as phones, microwave ovens, and air conditioners.
|FactSnippet No. 431,068|
Samsung specializes in manufacturing and developing offshore facilities, oil sand modules, petrochemical plant components, and desalination plants.
|FactSnippet No. 431,069|
Samsung Techwin acquired the German camera manufacturer Rollei in 1995.
|FactSnippet No. 431,070|
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.
|FactSnippet No. 431,071|
Samsung was forced to close the California-based computer maker following mass resignations of research staff and a string of losses.
|FactSnippet No. 431,072|
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.
|FactSnippet No. 431,073|
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.
|FactSnippet No. 431,075|
On 14 August 2014, Samsung acquired SmartThings, a fast-growing home automation startup.
|FactSnippet No. 431,076|
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.
|FactSnippet No. 431,077|
On 18 February 2015, Samsung acquired U S -based mobile payments firm LoopPay – This allows Samsung in smartphone transactions.
|FactSnippet No. 431,078|
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.
|FactSnippet No. 431,079|
On 5 October 2016, Samsung announced it had acquired Viv, a company working on artificial intelligence.
|FactSnippet No. 431,080|
On 15 November 2016, Samsung Canada announced it has acquired Rich Communications Services, a company working on a new technology for text messaging.
|FactSnippet No. 431,081|
Basic color in the logo is blue, which Samsung has employed for years, supposedly symbolizing stability, reliability and corporate social responsibility.
|FactSnippet No. 431,082|
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.
|FactSnippet No. 431,083|
Samsung became the world's biggest advertiser in 2012, spending $4.
|FactSnippet No. 431,084|
Samsung was the subject of several complaints about child labor in its supply chain from 2012 to 2015.
|FactSnippet No. 431,085|
In July 2014, Samsung cut its contract with Shinyang Electronics after it received a complaint about the company violating child labor laws.
|FactSnippet No. 431,086|
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.
|FactSnippet No. 431,087|
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.
|FactSnippet No. 431,088|
In 2020, the Australian Strategic Policy Institute accused at least 82 major brands, including Samsung, of being connected to forced Uyghur labor in Xinjiang.
|FactSnippet No. 431,089|
Samsung has a no-union policy and has been engaged in union-busting activities around the world.
|FactSnippet No. 431,090|
Samsung has been sued by union for stealing the corpse of dead worker.
|FactSnippet No. 431,091|
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.
|FactSnippet No. 431,092|