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Samsung
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Samsung Group
Type Public (Korean: 삼성그룹)
Industry Conglomerate
Founded 1938
Founder(s) Lee Byung-chull
Headquarters Samsung Town, Seoul, South Korea
Area served Worldwide
Key people Lee Kun-hee (Chairman and CEO)
Lee Soo-bin (President, CEO of Samsung Life Insurance)[1]
Products Consumer electronics, shipbuilding, telecom, engineering and construction, financial services, chemicals, retail, heavy industries, entertainment, apparel, medical services
Revenue US$ 220.1 billion (2010)[2]
Net income US$ 21.2 billion (2010)[2]
Total assets US$ 343.7 billion (2010)[2]
Total equity US$ 141.1 billion (2010)[2]
Employees 344,000 (2010)[2]
Subsidiaries Samsung Electronics
Samsung Life Insurance
Samsung Heavy Industries
Samsung C&T etc.
Website Samsung.com
This article contains Korean text. Without proper rendering support, you may see question marks, boxes, or other symbols instead of Hangul or Hanja.
Samsung Group (Korean: 삼성그룹 / Samseong Geurup / sam’sʌŋ gɯ’ɾup, informally Samsung) is a South Korean multinational conglomerate corporation headquartered in Samsung Town, Seoul. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Samsung brand, and is one of one of the largest South Korean chaebol.
Notable Samsung industrial subsidiaries include Samsung Electronics (the world’s largest information technology company measured by 2010 revenues),[3][4] Samsung Heavy Industries (the world’s second-largest shipbuilder measured by 2010 revenues),[5] and Samsung Engineering and Samsung C&T (respectively the world’s 35th- and 72nd-largest construction companies).[6] Other notable subsidiaries include Samsung Life Insurance (the world’s 14th-largest insurance company),[7] Samsung Everland (the oldest theme park in South Korea)[8] and Cheil Worldwide (the world’s 19th-largest advertising agency measured by 2010 revenues).[9][10]
Samsung produces around a fifth of South Korea’s total exports[11] and its revenues are larger than many countries’ GDP; in 2006, it would have been the world’s 35th-largest economy.[12] In many South Korean industries Samsung enjoys a monopoly position.[citation needed] The company 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”.
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