7/21/23, 3:59 PM Samsung Electronics - Wikipedia
Samsung Electronics
Samsung Electronics Co., Ltd. (Korean: 삼성전자;
Hanja: 三 星 電 子 ; RR: Samseong Jeonja; lit. Tristar Samsung Electronics
Electronics, sometimes shortened to SEC and stylized as
SΛMSUNG) is a South Korean multinational electronics
corporation headquartered in Yeongtong-gu, Suwon, South Native name 삼성전자 주식회사
Korea.[1] It is currently the pinnacle of the Samsung chaebol,
accounting for 70% of the group's revenue in 2012.[5]
Hanja 三星電子株式會社
However, Lee Jae-yong has stated his intentions on making Revised Samseong Seoul
sure his children would not inherit significant Samsung Romanization Jusikhoesa
Electronics positions,[6] which would significantly change the Formerly Samsung Electric
chaebol's inner workings. Industries (1969–
1988)
Samsung Electronics has played a key role in the group's
Type Public company
corporate governance due to cross ownership.[7] Samsung
Electronics has assembly plants and sales networks in 74 Traded as KRX: 005930 (http
countries and employs around 290,000 people.[4] It is s://finance.naver.co
majority-owned by foreign investors.[8][9] As of 2019, m/item/main.nhn?co
Samsung Electronics is the world's second-largest technology de=005930), 005935
company by revenue, and its market capitalization stood at (https://finance.nave
US$520.65 billion, the 12th largest in the world.[10] r.com/item/main.nh
n?code=005935)
Samsung is the world's largest manufacturer of mobile LSE: SMSN (https://
phones and smartphones since 2011, when it surpassed www.londonstockexc
Apple, and is best know for its Samsung Galaxy brand.[11][12] hange.com/stock/SM
It has developed 5G capable smartphones including the SN//)
Galaxy S22, and foldable phones including the Galaxy Z Fold LuxSE: SMSEL (http
4. The company is a major vendor of tablet computers, s://www.bloomberg.c
particularly its Android-powered Samsung Galaxy Tab om/apps/quote?ticke
collection, and is regarded for developing the phablet market r=SMSEL:LX)
with the Samsung Galaxy Note family of devices.[13] Samsung
ISIN KR7005930003
has also been the world's largest television manufacturer
since 2006.[14] Industry Electronics
Consumer
The company is a major manufacturer of electronic electronics
components such as lithium-ion batteries, semiconductors, Semiconductors
image sensors, camera modules, and displays for clients such
Computer hardware
as Apple, Sony, HTC, and Nokia.[15][16] It is also the world's
largest Semiconductor memory manufacturer[17] and, from Home appliances
2017 to 2018, had been the largest semiconductor company in Internet of things
the world, briefly dethroning Intel, the decades-long Medical devices
champion.[18] Telecommunications
In 2012, Kwon Oh-hyun was appointed the company's CEO. Founded 13 January 1969 in
He announced in October 2017 that he would resign in March Suwon, South Korea
2018, citing an "unprecedented crisis".[19][20][21] The Headquarters Samsung Digital
company had 3 CEOs (Ki Nam Kim, Hyun Suk Kim, and City, Samsungno
Dong-Jin Koh) from March 2018[22][23] until December 2021, 129, Maetan-dong,
when the business units were reorganized, and they were Yeongtong District,
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7/21/23, 3:59 PM Samsung Electronics - Wikipedia
replaced by Kyung Kye-Hyun and Han Jong-hee.[24][25] It has Suwon, South
also had a separate regional CEO, HC Hong, who led the Korea[1]
business in Southwest Asia from 2015 and then moved to Area served Worldwide
Latin America in 2020.[26][27][28]
Key people Lee Jae-yong
(Executive chairman)
History Han-Jo Kim
(chairman of the
board & Independent
1969–1987: early years Director)
Jong-Hee Han (http
Samsung Electric Industries was established as an industrial s://www.samsung.co
part of Samsung Group on 19 January 1969 in Suwon, South m/global/ir/governan
Korea.[29] At the time, Samsung Group was known to the ce-csr/board-of-direc
South Korean public as a trading company specialized in tors/profile/#ir-panel
fertilizers and sweeteners. Despite the lack of technology and 1) (Vice chairman &
resources, falling shorter even than the domestic competitors, CEO (DX))
Samsung Group improved its footing in the manufacturing
Kye-Hyun Kyung (htt
industry by cooperating with the Japanese companies, a
ps://www.samsung.c
decision that instigated a significant amount of anti-Japanese
om/global/ir/governa
public outcry and huge backlashes from the competitors
nce-csr/board-of-dire
fearing the outright subordination of the industry by the
ctors/profile/#ir-panel
Japanese. The strategy was able to take off only after the 2) (President & CEO
government and Samsung declared that the company would (DS))
exclusively focus on exports. Toshio Iue, the founder of
Sanyo, played a role as an advisor to Lee Byung-chul, Products See products listing
Samsung's founder, who was a novice in the electronics Revenue ₩302.2 trillion
business. December the same year, Samsung Electric (2022)
established a joint venture named Samsung-Sanyo Electric (US$232.56 billion)[2]
with Sanyo and Sumitomo Corporation. This is the direct Operating ₩43.37 trillion
predecessor of today's Samsung Electronics.[30] income (2022)[2]
The joint venture's early products were electronic and Net income ₩55.65 trillion
electrical appliances including televisions, calculators, (2022)[2]
refrigerators, air conditioners, and washing machines. In Total assets ₩448.4 trillion
1970, Samsung established the joint venture Samsung-NEC (2022)[2]
with Japan's NEC Corporation and Sumitomo Corporation to Total equity ₩354.7 trillion
manufacture home appliances and audiovisual devices. (2022)[2]
Samsung-NEC later became Samsung SDI, the group's
Owners National Pension
display and battery business unit. In 1973, Samsung and
Service (8.69%)
Sanyo created Samsung-Sanyo Parts, the predecessor of
Samsung Electro-Mechanics. By 1981, Samsung Electric had Samsung Life
manufactured over 10 million black-and-white televisions. Insurance (8.51%)
Samsung C&T
In 1974, Samsung Group expanded into the semiconductor Corporation
business by acquiring Korea Semiconductor, which was on (5.01%)[3]
the verge of bankruptcy whilst building one of the first chip- Number of 266,673 (December
making facilities in the country at the time. Soon after, Korea employees 2021)[4]
Telecommunications, an electronic switching system
producer and a Samsung Group company, took over the Parent Samsung
semiconductor business and became Samsung Semiconductor Subsidiaries Samsung
& Communications.[31] Experience Store
Samsung Medison
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