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Samsung: A Global Conglomerate Overview

Samsung Group is a South Korean multinational conglomerate founded in 1938 by Lee Byung-chull and headquartered in Seoul. It started as a trading company and later diversified into various industries including food, textiles, and shipping, before entering electronics in the late 1960s which has since become its most profitable sector. Samsung is comprised of various subsidiaries and today generates hundreds of billions in revenue from consumer electronics, components, chemicals, and other products and services sold globally.

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Kenny Mauricio Escobar
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79 views1 page

Samsung: A Global Conglomerate Overview

Samsung Group is a South Korean multinational conglomerate founded in 1938 by Lee Byung-chull and headquartered in Seoul. It started as a trading company and later diversified into various industries including food, textiles, and shipping, before entering electronics in the late 1960s which has since become its most profitable sector. Samsung is comprised of various subsidiaries and today generates hundreds of billions in revenue from consumer electronics, components, chemicals, and other products and services sold globally.

Uploaded by

Kenny Mauricio Escobar
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© Attribution Non-Commercial (BY-NC)
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Samsung Group is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul.

It comprises numerous subsidiaries and affiliated businesses. Samsung was founded by Lee Byung-chull in 1938 as a trading company. 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 1960s and the construction and shipbuilding industries in the mid-1970s; these areas would drive its subsequent growth. Following Lee's death in 1987, Samsung was separated into four business groups Samsung Group, Shinsegae Group, CJ Group and Hansol Group. Since the 1990s Samsung has increasingly globalised its activities, and electronics, particularly mobile phones and semiconductors, has become its most important source of income.
Industry: Conglomerate Founded: 1938 Founder(s): Lee Byung-chull

Headquarters: Samsung Town, Seoul, South Korea Products: Apparel, chemicals, consumer electronics, electronic components, medical equipment, precision instruments, semiconductors,ships, telecommunications equipment Services: Advertising, construction, entertainment, financial services, hospitality, information and communications technology services, medical services,retail Revenue: Total assets: Total equity: US$ 247.5 billion (FY 2011) US$ 384.3 billion (FY 2011) US$ 159.6 billion (FY 2011)

Employees: 369,000 (FY 2011)[1] Subsidiaries: Samsung Electronics, Samsung Life Insurance, Samsung Heavy Industries, Samsung C&T, Samsung SDS, Samsung Techwin etc.

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