Samsung Group – Company Information
Samsung – Company Overview
|Company||Samsung Electronics Co., Ltd.|
|Headquarters||129, Samsung-ro, Yeongtong-gu, Suwon, Gyeonggi-do, Korea|
|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)|
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)
- 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|
|Profit before income tax||₩25.96||₩27.88|
|Cash (End of period)||₩71.54||₩66.95|
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