Samsung Group – Company Information

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Samsung – Company Overview

 samsung logo
Company Samsung Electronics Co., Ltd.
Headquarters 129, Samsung-ro, Yeongtong-gu, Suwon, Gyeonggi-do, Korea
CEO Oh-Hyun Kwon
CFO SangHoon Lee
Industry Electronics
Founder Lee Byung-Chul
Founded March 1, 1938 (as Samsung Sanghoe)
KRX stock symbol 005930
Sales 200.65 KRW trillion (2015)
Operating profit 26.41 KRW trillion (2015)
Net profit 19.06 KRW trillion (2015)
Employees 307,000 (2015)
Website  http://www.samsung.com
Contact number 1-855-726-8721

The Samsung Group is a South Korean multinational company with a range of subsidiaries and affiliated businesses – typically using the Samsung brand name.

The company was founded in 1938 by Lee Byung-chull – as a small trading company called “Samsung Sanghoe”. Originally the company produced noodles and sold basic groceries. 

After WWII the company began entering other business areas. Lee pushed the company into business, insurance, securities, and retail sectors.

It was not until the 1960s that the Samsung Group entered the electronics industry – forming its own electronics divisions.

In the 1990s the company established itself as an international company, becoming the largest producer of memory chips and the second largest chipmaker (after Intel).

In 2012 Samsung became the world’s largest phone maker (overtaking Nokia) and it is now one of the largest information technology companies in the world.

Samsung’s vision is “dedicated to developing innovative technologies and efficient processes that create new markets, enrich people’s lives and continue to make Samsung a digital leader.”

Samsung – Products and Services

The Samsung Group is made up of approximately 80 companies. Subsequently, the company has a very wide range of business operations, including:

  • Consumer Electronics – Cell Phones, TVs, Tablets, Wearable Tech, Blu-Ray & Smart Players, Home Theater & Audio, Digital Cameras & Camcorders, Computing, Memory & Storage)
  • Telecommunications
  • Construction
  • Shipbuilding
  • Medical services
  • Financial services

 

Affiliated companies of the Samsung Group include:

Electronics: Samsung Electronics, Samsung SDI, Samsung Electro-Mechanics, Samsung Corning Advanced Glass, Samsung SDS, Samsung Display

Heavy Industries & Chemicals: Samsung Heavy Industries, Samsung C&T Engineering & Construction Group, Samsung Engineering, Samsung Fine Chemicals, Samsung BP Chemicals

Financial Services: Samsung Life Insurance, Samsung Fire & Marine Insurance, Samsung Card, Samsung Securities, Samsung Asset Management, Samsung Venture Investment

Trade and Services: Samsung C&T Corporation, Samsung Engineering, Cheil Industries, Samsung Everland, The Shilla Hotels & Resorts, Cheil Worldwide, S-1 Corporation, Samsung Medical Center, Samsung Economics Research Institute, Samsung Biologics, Samsung Bioepis

Affiliated Organizations: Samsung Human Resources Development Center, Samsung Lions, The Ho-Am Foundation, Samsung Foundation of Culture, Samsung Welfare Foundation, Samsung Life Public Welfare Foundation


Samsung – Financial Results

Latest Full Year Results

Key figures (in trillion KRW) 2015 2014
Sales ₩200.65 ₩206.21
Gross profit ₩77.17 ₩77.93
Operating profit ₩26.41 ₩25.03
Profit before income tax ₩25.96 ₩27.88
Net profit ₩19.06 ₩23.39
Total assets ₩242.17 ₩230.42
Cash (End of period) ₩71.54 ₩66.95

Source: Samsung – Investor Relations – Financial Statements


News about the Samsung Group reported by Market Business News

February 17, 2016: Samsung’s latest teaser video hints at S7 water-resistance

February 8, 2016: Samsung S7 Edge+ won’t launch in the UK, Note 6 will be released instead

 


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