Samsung

Samsung
Samsung Group

Type

Chaebol

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)

[1]
Lee Soo-bin (President, CEO of Samsung Life Insurance)

Products

Consumer electronics, shipbuilding, telecom, engineering and construction, information and communications technology
services, financial services, chemicals, retail, heavy industries, entertainment, apparel, medical services

Revenue

US$ 247.5 billion (2011)

Net income

US$ 18.3 billion (2011)

Total assets

US$ 384.3 billion (2011)

Total equity

US$ 224.7 billion (2011)

Employees

344,000 (2010)

Subsidiaries

Samsung Electronics
Samsung Life Insurance
Samsung Heavy Industries
Samsung C&T
Samsung SDS etc.

Website

Samsung.com

[2]

[2]
[2]
[2]

[2]

[3]

Samsung Group (Hangul: ; Hanja: ; Korean pronunciation:[sam.s 'up], informally

Samsung) is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. It
comprises numerous subsidiaries and affiliated businesses, most of them united under the Samsung brand, and is the
largest South Korean chaebol.
Notable Samsung industrial subsidiaries include Samsung Electronics (the world's largest information technology
company measured by 2011 revenues),[4][5] Samsung Heavy Industries (the world's second-largest shipbuilder
measured by 2010 revenues),[6], Samsung Techwin (weapons technology and optoelectronics), and Samsung
Engineering and Samsung C&T (respectively the world's 35th- and 72nd-largest construction companies).[7] Other
notable subsidiaries include Samsung Life Insurance (the world's 14th-largest insurance company),[8] Samsung

Samsung

Everland (the oldest theme park in South Korea)[9] and Cheil Worldwide (the world's 19th-largest advertising agency
measured by 2010 revenues).[10][11]
Samsung produces around a fifth of South Korea's total exports[12] and its revenues are larger than many countries'
GDP; in 2006, it would have been the world's 35th-largest economy.[13] 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".[14][15]

Name
According to the founder of Samsung Group, the meaning of the Korean hanja word Samsung () is "tristar" or
"three stars". The word "three" represents something "big, numerous and powerful"; the "stars" mean eternity.[16]

History
1938 to 1970
In 1938,[17] Lee Byung-chull (19101987) of a large landowning
family in the Uiryeong county came to the nearby Daegu city and
founded Samsung Sanghoe (), a small trading company with
forty employees located in Su-dong (now Ingyo-dong). It dealt in
groceries produced in and around the city and produced its own
noodles. The company prospered and Lee moved its head office to
Seoul in 1947. When the Korean War broke out, however, he was
forced to leave Seoul and started a sugar refinery in Busan as a name
of Cheil Jedang. After the war, in 1954, Lee founded Cheil Mojik and
built the plant in Chimsan-dong, Daegu. It was the largest woolen mill
ever in the country and the company took on an aspect of a major
company.

The headquarters of Samsung Sanghoe in Daegu

in the late-1930s

Samsung diversified into many areas and Lee sought to establish Samsung as an industry leader in a wide range of
enterprises, moving into businesses such as insurance, securities, and retail. Lee placed great importance on
industrialization, and focused his economic development strategy on a handful of large domestic conglomerates,
protecting them from competition and assisting them financially.
In 1948, Cho Hong-jai (the Hyosung groups founder) jointly invested in a new company called Samsung Mulsan
Gongsa (), or the Samsung Trading Corporation, with the Samsung Group founder Lee Byung-chull.
The trading firm grew to become the present-day Samsung C&T Corporation. But after some years Cho and Lee
separated due differences in management between them. He wanted to get up to a 30% group share. After settlement,
Samsung Group was separated into Samsung Group and Hyosung Group, Hankook Tire ...etc.[18][19]
In the late 1960s, Samsung Group entered into the electronics industry. It formed several electronics-related
divisions, such as Samsung Electronics Devices Co., Samsung Electro-Mechanics Co., Samsung Corning Co., and
Samsung Semiconductor & Telecommunications Co., and made the facility in Suwon. Its first product was a
black-and-white television set.

Samsung

1970 to 1990
In 1980, Samsung acquired the Gumi-based Hanguk Jeonja Tongsin
and entered the telecommunications hardware industry. Its early
products were switchboards. The facility were developed into the
telephone and fax manufacturing systems and became the centre of
Samsung's mobile phone manufacturing. They have produced over 800
million mobile phones to date.[21] The company grouped them together
under Samsung Electronics Co., Ltd. in the 1980s.
After the founder's death in 1987, Samsung Group was separated into
four business groups - Samsung Group, Shinsegae Group, CJ Group
The SPC-1000, introduced in 1982, was
and Hansol Group.[22] Shinsegae (discount store, department store)
Samsung's first personal computer (Korean
market only) and uses an audio cassette tape to
was originally part of Samsung Group, separated in the 1990s from the
load and save data - the floppy drive was
Samsung
Group
along
with
CJ
Group
[20]
optional
(Food/Chemicals/Entertainment/logistics) and the Hansol Group
(Paper/Telecom). Today these separated groups are independent and
they are not part of or connected to the Samsung Group.[23] One Hansol Group representative said, "Only people
ignorant of the laws governing the business world could believe something so absurd," adding, "When Hansol
separated from the Samsung Group in 1991, it severed all payment guarantees and share-holding ties with Samsung
affiliates." One Hansol Group source asserted, "Hansol, Shinsegae, and CJ have been under independent
management since their respective separations from the Samsung Group." One Shinsegae Department Store
executive director said, "Shinsegae has no payment guarantees associated with the Samsung Group."[23]
In the 1980s, Samsung Electronics began to invest heavily in research and development, investments that were
pivotal in pushing the company to the forefront of the global electronics industry. In 1982, it built a television
assembly plant in Portugal; in 1984, a plant in New York; in 1985, a plant in Tokyo; in 1987, a facility in England;
and another facility in Austin in 1996. In total, Samsung has invested about $5.6 billion in the Austin location by
far the largest foreign investment in Texas and one of the largest single foreign investments in the United States. The
new investment will bring the total Samsung investment in Austin to more than $9 billion.[24]

1990 to 2000
Samsung started to rise as an
international corporation in the 1990s.
Samsung's construction branch was
awarded a contract to build one of the
two Petronas Towers in Malaysia,
Taipei 101 in Taiwan and the Burj
Khalifa in United Arab Emirates.[25] In
1993, Lee Kun-hee sold off ten of
Samsung
Group's
subsidiaries,
downsized the company, and merged
other operations to concentrate on
three
industries:
electronics,
engineering, and chemicals. In 1996,
the Samsung Group reacquired the Sungkyunkwan University foundation.
Samsung became the largest producer of memory chips in the world in 1992, and is the world's second-largest
chipmaker after Intel (see Worldwide Top 20 Semiconductor Market Share Ranking Year by Year).[26] In 1995, it

Samsung

created its first liquid-crystal display screen. 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 2006, 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 (50% plus 1 share) and Sony
(50% minus 1 share) and operates its factories and facilities in Tangjung, South Korea. As on 26 December 2011 it
was announced that Samsung had acquired the stake of Sony in this joint venture.[27]
Compared to other major Korean companies, Samsung survived the 1997 Asian financial crisis relatively unharmed.
However, Samsung Motor was sold to Renault at a significant loss. As of 2010, Renault Samsung is 80.1 percent
owned by Renault and 19.9 percent owned by Samsung. Additionally, Samsung manufactured a range of aircraft
from the 1980s to 1990s. The company was founded in 1999 as 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.
[28]

2000 to present
Samsung Techwin has been the sole supplier of a combustor module of
the Trent 900 engine of the Rolls-Royce Airbus A380-The largest
passenger airliner in the world- since 2001.[29] Samsung Techwin of
Korea is a revenue-sharing participant in the Boeing's 787 Dreamliner
GEnx engine program.[30]
Samsung Electronics overtook Sony as one of the world's most popular
consumer electronics brands in 2004 and 2005, and is now ranked #19
in the world overall.[31] In Q3 of 2011, Samsung has overtaken Apple
to become the World's Largest Smartphone maker.[32]

View of the Samsung logo inside the Time

Warner Center in New York City.

In 2010, Samsung announced a 10-year growth strategy centered

around five businesses.[33] One of these businesses was to be focused
on biopharmaceuticals, to which the Company has committed 2.1 trillion.[34]

In December 2011, Samsung Electronics sold its hard disk drive (HDD) business to Seagate.[35]
In Q1 of 2012, Samsung overtook Nokia as the world's best selling cellphone brand[36], shipping over 93 million
units[37]. Samsung are also the current sponsors of Chelsea Football Club.[38]

Acquisitions and attempted acquisitions

For a company of its size Samsung has made relatively few acquisitions.[39]
Rollei Swiss watch battle
Samsung Techwin acquired a German camera-maker Rollei on 1995. Samsung (Rollei) used its optic expertise
on the crystals of a new line of 100% Swiss-made watches, designed by a team of watchmakers at Nouvelle
Piquerez S.A. in Bassequort, Switzerland. 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. Rolex, 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 11 March 1995 the Cologne District court prohibited the advertising and sale of Rollei watches on
German territory.[40][41]
Fokker, a Dutch aircraft maker

Samsung

5
Samsung lost a chance to revive its failed bid to take over Dutch aircraft maker Fokker when other airplane
makers rejected its offer to form a consortium. The three proposed partners Hyundai, Hanjin and Daewoo
have notified the South Korean government that they will not join Samsung Aerospace Industries Ltd.[42]

AST Research
Samsung bought AST (1994) and tried to break into North America, but the effort foundered. Samsung was
forced to close the California-based computer maker following mass defection of research staff and a string of
losses.[43]
FUBU clothing and apparel
In 1992, Daymond John had started the company with a hat collection that was made in his house in the
Queens area of New York City. To fund the company, John had to mortgage his house for $100,000. With his
friends, namely J. 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, a Korean company, invested in FUBU in 1995.[44]
Lehman Brothers Holdings Asian operations
Samsung Securities was one of a handful of brokerages looking into Lehman Brothers Holdings. 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.[45] Ironically, after few months
Samsung Securities Co., Ltd. and City of London-based N M Rothschild & Sons (more commonly known
simply as Rothschild) have agreed to form a strategic alliance in investment banking business. Two parties
will jointly work on cross border mergers and acquisition deals.[46]
Grandis Inc. - memory developer
In July 2011, Samsung announced that it had acquired spin-transfer torque random access memory (MRAM)
vendor Grandis Inc.[47] Grandis will become a part of Samsung's R&D operations and will focus on
development of next generation random-access memory.[48]
Samsung and Sony joint venture - LCD display
On December 26, 2011 the board of Samsung Electronics approved a plan to buy Sony's entire stake in their
2004 joint liquid crystal display (LCD) venture for 1.08 trillion won ($938.97 million).[49]

Samsung

Operations
Samsung comprises around 80 companies.[50] It is highly diversified,
with activities in areas including construction, electronics, financial
services, shipbuilding and medical services.[50]

Subsidiaries and affiliates

As of April 2011 the Samsung Group comprised 59 unlisted companies
and 19 listed companies, all of which had their primary listing on the
Korea Exchange stock-exchange.[51]

Samsung Group headquarters at Samsung Town,

Seoul

Company

Symbol Company

Symbol

Samsung C&T Corporation

000830 Shilla Hotels and Resorts

008770

Samsung Securities

016360 Samsung Fine Chemicals

004000

Samsung SDI

006400 SI Corporation

012750

Samsung Electro-Mechanics 009150 Samsung Fire & Marine Insurance 000810

Samsung Engineering

028050 Samsung Electronics

005930

Samsung Techwin

012450 Samsung Life Insurance

032830

Cheil Industries

001300 Samsung Card

029780

Samsung Heavy Industries

010140 Cheil Worldwide

030000

Imarket Korea

122900 Credu

067280

Ace Digitech

036550

Samsung Electro-Mechanics
Samsung Electro-Mechanics, established in 1973 as a manufacturer of key electronic components, is headquartered
in Suwon, Kyeonggi-Do, South Korea.

Joint ventures
Current
Samsung Corning Precision Glass (1973 to present)
In 1973, Corning and Samsung, a rising industrial corporation in Korea at the time, formed their first partnership,
Samsung Corning, to manufacture and market cathode ray tube (CRT) glass for black and white televisions. The
companys first LCD glass substrate manufacturing facility opened in Gumi, Korea in 1996.
Toshiba Samsung Storage Technology Corporation (2004 to present)

Samsung
Toshiba Samsung Storage Technology Corporation (TSST) is an international joint venture company of Toshiba
(Japan) and Samsung Electronics (Korea). Toshiba owns 51% of its stock, while Samsung owns the remaining 49%.
The company specialises in optical disc drive manufacturing.
SB LiMotive (2008 to present)
SB LiMotive is a 50:50 joint company of Robert Bosch GmbH(commonly known as Bosch) and Samsung SDI
founded in June 2008. The joint venture develops and manufactures lithium-ion batteries for use in hybrid-, plug-in
hybrid vehicles and electric vehicles.
Samsung Total
Samsung Total Petrochemicals is a joint venture between Samsung Group and French oil group Total S.A. (more
specifically Samsung General Chemicals and Total Petrochemicals). Both companies own a 50% partnership in the
venture.
Samsung BP Chemicals (1989 to present)
Samsung BP Chemicals is a 50:50 joint venture company of BP and Samsung. Samsung BP Chemicals Co., Ltd
(SSBP) in 1989 with Samsung to produce high-value-added chemical products and supply them to related chemical
industries.
SMP
SMP Ltd. is a joint venture between Samsung Fine Chemicals and MEMC (NYSE: WFR). MEMC Electronic
Materials Inc. and an affiliate of Korean conglomerate Samsung are forming a joint venture to build a polysilicon
plant.
Siltronic Samsung Wafer
Siltronic Samsung Wafer Pte. Ltd, the joint venture by Samsung and wholly owned Wacker Chemie subsidiary
Siltronic, was officially opened in Singapore in June 2008.[52]
Samsung Thales
Samsung Thales Co., Ltd. was formerly known as Samsung Thomson-CSF Co., Ltd. and changed its name in 2001.
The company was founded in 1978 and is based in Seoul, South Korea. Samsung Thales Co., Ltd. operates as a joint
venture between Samsung Techwin Co. Ltd. and French aerospace and defence group Thales.[53]
SD Flex
SD Flex Co., Ltd. was founded on October 2004 as a joint venture corporation by Samsung and DuPont, one of the
world's largest chemical company.[54]
Samsung Bioepis
Samsung set up a joint bio-similar venture with US Biogen Idec (NASDAQ:BIIB). The joint venture, named
Samsung Bioepis, was set up by Samsung Biologics with an 85% stake and Biogen Idec with the remaining 15%
stake.[55]
Samsung Biologics
Samsung Electronics Co. and Samsung Everland Inc. will each own a 40 percent stake in the venture, with Samsung
C&T Corp. and Durham, North Carolina-based Quintiles each holding 10 percent. It will contract-make medicines
made from living cells, and Samsung Group plans to expand into producing copies of biologics including Rituxan,
the leukemia and lymphoma treatment sold by Roche Holding AG and Biogen Idec Inc.[56]
Siam Samsung Life Insurance
Samsung Life Insurance, holds a 37% stake while Saha Group also has a 37.5% stake in the joint venture, with the
remaining 25% owned by Thanachart Bank.[57]
Samsung Air China Life Insurance

Samsung
Samsung Air China Life Insurance Co., Ltd. is a 50-50 joint venture between China National Aviation
Corporation(Simplified Chinese: ), and Samsung Life Insurance Co, was set up in Beijing, July,
2005.[58]
Samsung Sumitomo LED Materials
Samsung Sumitomo LED Materials is a Korea-based joint venture between Samsung LED Co., Ltd., an LED maker
based in Suwon, Korea-based and the Japan-based Sumitomo Chemical Co., Ltd. The JV will carry out research and
development, manufacturing, and sales of sapphire substrates for LEDs.[59]
aT Grain
State-run Korea Agro-Fisheries Trade Corp. set up the venture, aT Grain Co., in Chicago, with three other South
Korean companies, Korea Agro-Fisheries owns 55 percent of aT Grain, while Samsung C&T Corp, Hanjin
Transportation Co. and STX Corporation. each hold 15 percent.[60]
Sermatech Korea (1999 to present)
Sermatech owns 51% of its stock, while Samsung owns the remaining 49%. The U.S. firm Sermatech International,
for a business focusing on highly specialized aircraft construction processes such as special welding and brazing.[61]
Stemco (1995 to present)
A JV between Japan's Toray Industries and Korea's Samsung Electro-Mechanics.[62]
Steco (1995 to present)
Steco Co., Ltd. is established as the joint - venture company with Samsung Electronics Co., Ltd and Japan TORAY
in 1995.[63]
Brooks Automation Asia (1999 to present)
Brooks Automation Asia Co., Ltd. is a joint venture between Brooks Automation (70%) and Samsung (30%). The
business purpose of the Brooks-Samsung Joint Venture is to locally manufacture and configure vacuum wafer
handling platforms and 300mm Front-Opening Unified Pod (FOUP) load port modules, and also design,
manufacture and configure atmospheric loading systems for flat panel displays.[64]
POSCO-SAMSUNG Slovakia Steel Processing Center Co.Ltd.(Slovakia)
Company POSS - SLPC s.r.o. was founded in 2007 as a subsidiary of Samsung C & T Corporation, Samsung C & T
Deutschland and the company POSCO.[65]
POSCO SAMSUNG Suzhou Steel Processing Center CO.,Ltd.(China)[66]
Defunct
Alpha Processor (1998 to ?)
In 1998, Samsung created a U.S. joint venture with Compaq--called Alpha Processor Inc. (API)--to help it enter the
high-end processor market. The venture was also aimed at expanding Samsung's non-memory chip business. At the
time, Samsung and Compaq invested $500 million in Alpha Processor.[67]
ChemCross.com (2000 to ?)
It formed Global Steel Exchange, a joint venture with Cargill of the U.S., Samsung, Switzerland's Duferco Group,
and Luxembourg's Tradearbed(now part of the ArcelorMittal Group), to handle online buying and selling of steel.[68]
GE-Samsung Lighting (1998 to 2009)
GE Samsung Lighting, a joint venture with GE Lighting established in 1998. Four years ago, the tug-of-war between
Connecticut-based General Electric Company and Samsung ended in a split that ceased a 10-year-old joint operation.
[69]

S-LCD (2004 to 2011)

Samsung
S-LCD Corporation was a joint venture between the South Korean Samsung Electronics Co. Ltd (50% plus one
share) and Japanese Sony Corporation (50% minus one share) established in April 2004. On December 26, 2011,
Samsung Electronics announced that it will acquire all of Sony's shares.

Partially owned companies

Atlantico Sul
Samsung Heavy Industries currently owns 10 percent of the Brazilian shipbuilder Atlantico Sul, which operates the
largest shipyard in South America. Joao Candido, the largest ship built to date in Brazil, was built by Atlantico Sul
with technology supplied by Samsung Heavy Industries.[70]
DGB Financial Group
Samsung Life Insurance currently holds a 7.4% stake in the South Korean banking companyDGB Financial Group,
making it the largest shareholder.[71]
Doosan Engine
Samsung Heavy Industries currently holds a 14.1 percent stake in Doosan Engine, making it the second-biggest
shareholder.[72]
Korea Aerospace Industries
Samsung Techwin currently holds a 10 percent stake in Korea Aerospace Industries (KAI). Other major shareholders
include the state-owned Korea Finance Corporation (26.75 percent), Hyundai Motor (10 percent) and Doosan (10
percent).[73]
MEMC KOREA
MEMC's joint venture with Samsung Electronics Company, Ltd. In 1990, MEMC entered into a joint venture
agreement to construct a silicon plant in Korea.[74]
Rambus Incorporated
Samsung currently owns 4.19 percent of Rambus Incorporated.[75]
Renault Samsung Motors
Samsung currently owns 19.9 percent of the automobile manufacturer Renault Samsung Motors.
Seagate Technology
Samsung currently owns 9.6 percent of Seagate Technology, making it the second-largest shareholder. Under a
shareholder agreement, Samsung has the right to nominate an executive to Seagates Board of Directors.[76]
SungJin Geotec
Samsung Engineering holds a 10 percent stake in Sungjin Geotec, an offshore oil drilling company that is a
subsidiary of POSCO.[77]
Taylor Energy
Taylor Energy is an independent American oil company that drills in the Gulf of Mexico based in New Orleans,
Louisiana.[78] Samsung Oil & Gas USA Corp., subsidiaries of Samsung, currently owns 20% of Taylor Energy.

Revenues
In FY 2009, Samsung Group reported consolidated revenues of 220 trillion KRW ($172.5 billion). In FY 2010,
Samsung reported consolidated revenues of 280 trillion KRW ($258 billion), and profits of 30 trillion KRW ($27.6
billion) (based upon a KRW-USD exchange rate of 1,084.5 KRW per USD, the spot rate as of 19 August 2011).[79]
However it should be noted that these amounts do not include the revenues of all subsidiaries of the group which are
based outside South Korea.[80]

Samsung

10

Major customers
Major customers of Samsung include:
Royal Dutch Shell
Samsung Heavy Industries will be the sole provider of liquefied
natural gas (LNG) storage facilities worth up to US$50 billion to
Royal Dutch Shell for the next 15 years.[82][83]
Shell has unveiled plans to build the world's first floating
liquefied natural gas (FLNG) platform. At Samsung Heavy
Industries' shipyard on Geoje Island in South Korea, work is
about to start on a "ship" that, when finished and fully loaded,
will weigh 600,000 tonnes the world's biggest "ship". That is
six times as much as the biggest US aircraft carrier.[84]
United Arab Emirates government

The world's largest oil and gas project, Sakhalin

II- Lunskoye platform under construction. The
topside facilities of the LUN-A (Lunskoye) and
PA-B (Piltun Astokhskoye) platforms are being
built at the Samsung Heavy Industry shipyard in
[81]
South Korea.

A consortium of South Korean firms - including Samsung,

Korea Electric Power Corp and Hyundai - has won a deal worth
40 billion dollars to build nuclear power plants in the United Arab Emirates.[85]
Ontario government

The government of the Canadian province of Ontario signed off one of the world's largest renewable energy
projects, signing a $6.6bn deal that will result in 2,500 MW of new wind and solar energy capacity being built.
Under the agreement a consortium led by Samsung and the Korea Electric Power Corporation will manage
the development of 2,000 MW-worth of new wind farms and 500 MW of solar capacity, while also building a
manufacturing supply chain in the province.[86]

Logo

The Samsung Byeolpyo noodles logo, used from late 1938 until
replaced in 1958.

Samsung

11
The Samsung Group logo, used from late 1969 until
replaced in 1979

The Samsung Group logo (three stars), used from late 1980 until
replaced in 1992

The Samsung Electronics logo, used from late 1980 until

replaced in 1992

Samsung's current logo used since 1993.[87]

Audio logo
Samsung has an audio logo, which consists of the notes E, A, D, E. The audio logo was produced by
Musikvergnuegen and written by Walter Werzowa.[88][89]

Samsung Medical Center

Samsung donates around US$100 million per annum to the Samsung Medical Center (Korean: ), a
non-profit healthcare provider founded by the group in 1994.[90] Samsung Medical Center incorporates Samsung
Seoul Hospital (Korean: ), Kangbook Samsung Hospital (Korean: ), Samsung
Changwon Hospital (Korean: ), Samsung Cancer Center (Korean:) and Samsung Life
Sciences Research Center (Korean: ). Samsung Cancer Center, located in Seoul, is the largest
cancer center in Asia.[91] Samsung Medical Center and the multinational pharmaceuticals company Pfizer have
agreed to collaborate on research to identify the genomic mechanisms responsible for clinical outcomes in

Samsung
hepatocellular carcinoma.[92]

Olympics
Samsung is hoping their role in the London 2012 Olympic Games will provide a "golden moment" for the company's
UK reputation, according to Olympic news outlet Around the Rings.[93] Vice President Gyehyun Kwon told ATR
that "double digit gains in U.K. consumer awareness are possible" through Samsung's partnership with London 2012.
Samsung was instrumental in bringing the 2018 Winter Olympics to Pyeongchang. In December 2009, the former
chairman of Samsung, Lee Kun-hee, was pardoned in order that he could return to the International Olympics
Committee and help South Korea bid for the 2018 Winter Olympics in Pyeongchang. He had previously been
convicted of tax evasion in 2008 and had been part of two failed bids to bring the Olympics to South Korea.[94]
During this bid, Lee Kun-hee and figure skating gold medalist Kim Yuna lobbied heavily for support; it was thought
that Lee's influence would help to secure the bid. On July 6, 2011, it was announced that Pyeongchang would be the
location of the 2018 Winter Games.[95] Samsung C&T Corporation will be among the top tier of firms competing for
construction projects for the games.[96]

Price cartels
DRAM price cartel
Samsung was fined EUR 145,728,000 for being part of a price cartel of ten companies for DRAMs which lasted
from 1 July 1998 to 15 June 2002. The company received, like most of the other members of the cartel, a 10-%
reduction for acknowledging the facts to investigators. Samsung had to pay 90% of their share of the settlement, but
Micron avoided payment as a result of having initially revealed the case to investigators.[97]

CRT glass price cartel

Samsung Corning Precision Materials participated in a price cartel of four companies for CRT glass which lasted
from 23 February 1999 to 27 December 2004. Samsung Corning Precision Materials received full immunity and was
therefore not fined as it revealed the existence of the cartel to the European Commission.[98]

Notes and references

[1] Kelly Olsen (2008-04-22). "Samsung chairman resigns over scandal" (http:/ / web. archive. org/ web/ 20080429210900/ http:/ / ap. google.
com/ article/ ALeqM5gmnWKlfgTsbW4n6D9OKnynHdXnhwD906SF9O0). Associated Press via Google News. Archived from the original
(http:/ / ap. google. com/ article/ ALeqM5gmnWKlfgTsbW4n6D9OKnynHdXnhwD906SF9O0) on 2008-04-29. . Retrieved 2008-04-22.
[2] "Samsung Profile 2011" (http:/ / www. samsung. co. kr/ samsung/ outcome/ perfomance. do). Samsung.com. 2010-12-31. . Retrieved
2012-06-10.
[3] http:/ / www. samsung. com/
[4] "Technology - Samsung beats HP to pole position" (http:/ / www. ft. com/ cms/ s/ 2/ c48d477a-0c3b-11df-8b81-00144feabdc0. html). Ft.com.
. Retrieved 2010-09-04.
[5] Economist.com (http:/ / www. economist. com/ businessfinance/ displayStory. cfm?story_id=13788472) Succession at Samsung Crowning
success
[6] Park, Kyunghee (2009-07-28). "July 29 (Bloomberg) Samsung Heavy Shares Gain on Shells Platform Orders (Update1)" (http:/ / www.
bloomberg. com/ apps/ news?pid=newsarchive& sid=aO0FeeTB6_0Y). Bloomberg. . Retrieved 2010-11-11.
[7] "The Top 225 International Contractors2010" (http:/ / enr. construction. com/ toplists/ InternationalContractors/ 001-100. asp).
Enr.construction.com. 2010-08-25. . Retrieved 2010-11-11.
[8] "Global 500 2009: Industry: - FORTUNE on CNNMoney.com" (http:/ / money. cnn. com/ magazines/ fortune/ global500/ 2009/ industries/
183/ index. html). Money.cnn.com. 2009-07-20. . Retrieved 2010-09-04.
[9] "The World's Best Amusement Parks" (http:/ / www. forbes. com/ 2002/ 03/ 21/ 0321feat_6. html). Forbes.com. 2002-03-21. . Retrieved
2010-09-11.
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asp?ticker=030000:KS). businessweek.com. 2010-09-15. . Retrieved 2010-09-16.

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15

Samsung

External links

Official website (http://www.samsung.com/)

Samsung Apps (http://www.samsungapps.com/)
Samsung eStore (https://www.samsungindiaestore.com/Home)
Samsung (https://twitter.com/samsungtweets) on Twitter

16

Article Sources and Contributors

Article Sources and Contributors

Samsung Source: http://en.wikipedia.org/w/index.php?oldid=501712025 Contributors: 10metreh, 16@r, 28bytes, 5 albert square, 660gd4qo, 7596cakpn, 9-11 suicide bomber, A8UDI, Achowat,
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Alphachimp, American1234, AnOddName, Andonic, Andrea105, AndresTM, AnimatedZebra, Anirvan, Antonio Lopez, Anzk, Apeman2001, Appleby, Arafel6, Ardiedan1995,
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Image Sources, Licenses and Contributors

File:Samsung Logo.svg Source: http://en.wikipedia.org/w/index.php?title=File:Samsung_Logo.svg License: Public Domain Contributors: Samsung
Image:.jpg Source: http://en.wikipedia.org/w/index.php?title=File:.jpg License: Public Domain Contributors: Mumyeong
Image:SPC-1000.JPG Source: http://en.wikipedia.org/w/index.php?title=File:SPC-1000.JPG License: Public Domain Contributors: (User:Zanny)
Image:Pan-samsung2-error corrections.png Source: http://en.wikipedia.org/w/index.php?title=File:Pan-samsung2-error_corrections.png License: Public Domain Contributors: Zoakrwkd
Image:TimeWarnerCenter.JPG Source: http://en.wikipedia.org/w/index.php?title=File:TimeWarnerCenter.JPG License: Creative Commons Attribution-ShareAlike 3.0 Unported
Contributors: Summ
Image:Ssbld002.jpg Source: http://en.wikipedia.org/w/index.php?title=File:Ssbld002.jpg License: Public Domain Contributors: Original uploader was Marcopolis at en.wikipedia
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