Samsung Facts


The Samsung Group is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul.
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Samsung was founded by Lee Byung-chul 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.

After Lee's death in 1987, Samsung was separated into four business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group. Since 1990, Samsung has increasingly globalised its activities and electronics; in particular, its mobile phones and semiconductors have become its most important source of income. As of 2020, Samsung has the 8th highest global brand value.

Samsung Electronics (the world's largest information technology company, consumer electronics maker and chipmaker measured by 2017 revenues),
Samsung Heavy Industries (the world's 2nd largest shipbuilder measured by 2010 revenues),
 Samsung Engineering and Samsung C&T (respectively the world's 13th and 36th largest construction companies).
Samsung Life Insurance (the world's 14th largest life insurance company),
Samsung Everland (operator of Everland Resort, the oldest theme park in South Korea)
Cheil Worldwide (the world's 15th largest advertising agency, as measured by 2012 revenues).

Samsung has a powerful influence on South Korea's economic development, politics, media and culture.
Its affiliate companies produce around a fifth of South Korea's total exports. Samsung's revenue was equal to 17% of South Korea's $1,082 billion GDP.

Samsung Group Chairman Lee Kunhee died on October 25 2020 of heart disease. The conglomerate has been lying in care since May 2014 because of a myocardial infection, commonly referred to as a heart attack. Samsung became the world's largest producer of smartphones and memory chips.

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Samsung said, "Chairman Lee passed away on October 25 in the company of his family, including deputy Lee Jaeyong. Chairman Lee is a visionary who transformed Samsung from a local business to a world-leading innovator and a strong company in the industry."

Lee Kunhee has been chairman of Samsung since 1987. He is survived by a wife, a son and two daughters. His son Lee Jaeyong, who currently serves as vice chairman, is predicted to inherit the Samsung Group, although in fact since his father's illness he has become Samsung's de facto leader.

•South Koreans can be born in a Samsung-owned medical center.
•They Grow up learning to read and write with the help of Samsung tablets.
•After that they attend the Samsung-affiliated Sungkyunkwan University.
•They may then live in a Samsung-built apartment complex.
•They can even end up at a Samsung funeral parlor when they die.

In 2018, Samsung launched the world's largest mobile manufacturing facility in Noida, India with guest of honour including Indian Prime Minister Narendra Modi.



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