Samsung - Wikipedia. This article is about the conglomerate. For the publicly traded consumer electronics subsidiary, see Samsung Electronics. Samsung. Industry. Conglomerate. Founded. March 1. 93. 8; 7.
Daegu, Japanese Korea. Founder. Lee Byung- chul.
Headquarters. 40th floor Samsung Electronics Building, 1. Seocho- daero 7. 4- gil, Seocho District, Seoul, South Korea.
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Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities and retail. Samsung entered the electronics industry in the late 1. Following Lee's death in 1. Samsung was separated into four business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group. Since 1. 99. 0, Samsung has increasingly globalised its activities and electronics; in particular, its mobile phones and semiconductors have become its most important source of income. Notable Samsung industrial affiliates include Samsung Electronics (the world's 2nd largest information technology company measured by 2. Samsung started out as a small trading company with forty employees located in Su- dong (now Ingyo- dong).
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The company prospered and Lee moved its head office to Seoul in 1. When the Korean War broke out, he was forced to leave Seoul. He started a sugar refinery in Busan named Cheil Jedang.
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In 1. 95. 4, Lee founded Cheil Mojik and built the plant in Chimsan- dong, Daegu. It was the largest woollen mill ever in the country.
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Lee sought to establish Samsung as leader in a wide range of industries. Samsung moved into lines of business such as insurance, securities and retail. President Park Chung Hee placed great importance on industrialization. He focused his economic development strategy on a handful of large domestic conglomerates, protecting them from competition and assisting them financially. The trading firm grew to become the present- day Samsung C& T Corporation. After a few years, Cho and Lee separated due to differences in management style. Cho wanted a 3. 0 equity share.
Samsung Group was separated into Samsung Group and Hyosung Group, Hankook Tire and other businesses. It formed several electronics- related divisions, such as Samsung Electronics Devices, Samsung Electro- Mechanics, Samsung Corning and Samsung Semiconductor & Telecommunications, and made the facility in Suwon. Its first product was a black- and- white television set. Its early products were switchboards.
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The facility was developed into the telephone and fax manufacturing systems and became the center of Samsung's mobile phone manufacturing. They have produced over 8. Today these separated groups are independent and they are not part of or connected to the Samsung Group. One Shinsegae department store executive director said, . In 1. 98. 2, it built a television assembly plant in Portugal; in 1.
New York; in 1. 98. Tokyo; in 1. 98. 7, a facility in England; and another facility in Austin, Texas, in 1. As of 2. 01. 2, Samsung has invested more than US$1. Austin facility, which operates under the name Samsung Austin Semiconductor. This makes the Austin location the largest foreign investment in Texas and one of the largest single foreign investments in the United States.
Samsung's construction branch was awarded contracts to build one of the two Petronas Towers in Malaysia, Taipei 1. Taiwan and the Burj Khalifa in United Arab Emirates. In 1. 99. 6, the Samsung Group reacquired the Sungkyunkwan University foundation. Samsung became the world's largest producer of memory chips in 1. Intel (see Worldwide Top 2.
Semiconductor Market Share Ranking Year by Year). 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 2. 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. S- LCD was owned by Samsung (5. Sony (5. 0% minus one share) and operates its factories and facilities in Tangjung, South Korea.
As of 2. 6 December 2. Samsung had acquired the stake of Sony in this joint venture. However, Samsung Motor was sold to Renault at a significant loss. Additionally, Samsung manufactured a range of aircraft from the 1.
The company was founded in 1. Korea Aerospace Industries (KAI), the result of merger between then three domestic major aerospace divisions of Samsung Aerospace, Daewoo Heavy Industries and Hyundai Space and Aircraft Company. However, Samsung still manufactures aircraft engines and gas turbines. Its work began with set- top- box technology before moving into digital TV and smartphones. As of 2. 01. 1, the Warsaw base is Samsung's most important R& D center in Europe, forecast to be recruiting 4. On 1. 4 March 2. 01.
Samsung unveiled the Galaxy S4. On 2. 4 August 2.
American jurors ruled that Samsung had to pay Apple $1. The award was still less than the $2. Apple. The decision also ruled that Apple did not violate five Samsung patents cited in the case. The company said it will carry out audits of 2. Chinese companies that are its exclusive suppliers to see if children under the age of 1. In November 2. 01.
Construction will begin next year with production beginning in 2. The company has not yet decided the type of chips to be produced. The goal of this new suite of business offerings, dubbed Samsung 3. Services, is to become a help desk of sorts for businesses IT departments.
The customizable services range from technical support to security solutions for having a Samsung employee embedded in a client's business as an on- site support manager or technology consultant. The 1. 0- story complex will include 1. The facility will be split between semiconductor research and development and other sales and marketing functions.
It will serve as the North America headquarters for semiconductor operations. The company received 7,6. December. However, in early September 2. Samsung suspended sales of the phone and announced an informal recall.
This occurred after some units of the phones had batteries with a defect that caused them to produce excessive heat, leading to fires and explosions. 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. Samsung recalled all Galaxy Note. October 2. 01. 6, and permanently ended production of the phone the following day. On 3. 1 August 2. Samsung announced the Gear S3 smartwatch, which was released on 1.
November 2. 01. 6. Samsung (Rollei) used its optic expertise on the crystals of a new line of 1.
Swiss- made watches, designed by a team of watchmakers at Nouvelle Piquerez S. A. Rolex's decision to fight Rollei on every front stemmed from the close resemblance between the two names and fears that its sales would suffer as a consequence. In the face of such a threat, the Geneva firm decided to confront. This was also a demonstration of the Swiss watch industry's determination to defend itself when an established brand is threatened. Rolex sees this front- line battle as vital for the entire Swiss watch industry.
Rolex has succeeded in keeping Rollei out of the German market. On 1. 1 March 1. 99. Cologne District court prohibited the advertising and sale of Rollei watches on German territory. The three proposed partners—Hyundai, Hanjin and Daewoo—notified the South Korean government that they would not join Samsung Aerospace Industries. Samsung was forced to close the California- based computer maker following mass resignations of research staff and a string of losses. To fund the company, John had to mortgage his house for $1. Alexander Martin, Carl Brown and Keith Perrin, half of his house was turned into the first factory of FUBU, while the other half remained as the living quarters.
Along with the expansion of FUBU, Samsung invested in FUBU in 1. But Nomura Holdings has reportedly waved the biggest check to win its bid for Lehman Brothers Holdings' Asian operations, beating out Samsung Securities, Standard Chartered and Barclays. Two parties will jointly work on cross border mergers and acquisition deals. Terms of the deal were not disclosed.
The company isn't releasing the acquisition price, but Tech. Crunch reported a $2. July 2. 01. 4. A Samsung Electronics spokesman said the South Korean company acquired 1. Quietside, but declined to elaborate on the price or other details. It was announced to be sold to Hanwha Group in December 2.
It was established in 1. Seoul. Samsung's role was passed on to Hanwha Group when the latter acquired Samsung General Chemicals.
In FY 2. 01. 0, Samsung reported consolidated revenues of 2. KRW ($2. 58 billion), and profits of 3. KRW ($2. 7. 6 billion) (based upon a KRW- USD exchange rate of 1,0.
KRW per USD, the spot rate as of 1. August 2. 01. 1. It was founded in March 1. Its principal activity is the providing IT system(ERP, IT Infrastructure, IT Consulting, IT Outsourcing, Data Center). Samsung SDS is the Korea's largest IT service company. It achieved total revenues of 6,1. US$5. 7. 1 billion) in 2. Samsung C& T Corporation is listed on the Korea Exchange stock- exchange (0.
Samsung Electro- Mechanics, established in 1. Suwon, Gyeonggi- do, South Korea.
It is listed on the Korea Exchange stock- exchange (number 0. It was founded in January 1. Its principal activity is the construction of oil refining plants; upstream oil and gas facilities; petrochemical plants and gas plants; steel making plants; power plants; water treatment facilities; and other infrastructure. Its business scope covers the three main sectors of Environment & Asset, Food Culture and Resort.
Since its inception in 1. Through this process, Samsung Everland has managed to achieve its current market standing.