Samsung is one of the best brands that have cemented its name in the mobile phone industry. The company has been around for quite some time now and has managed to produce some of the best quality mobile phones that are available in the market today.
This brand is known for its innovation, style, and quality. The company has a wide range of products that cater to different needs and budgets.
Samsung is a brand that you can trust. The company has been around for a long time and has a proven track record of producing quality products. Samsung also offers a wide range of products so that you can find the perfect one for your needs and budget.
The Samsung Group is a South Korean Company that includes several subsidiaries. It’s one of the largest businesses in Korea, producing nearly one-fifth of the country’s total exports with a primary focus on electronics, heavy industry, construction, and defense.
Other major subsidiaries of Samsung include insurance, advertising, and entertainment. Samsung was founded by Lee Byung Chul in 1938 as a trading company. With only 40 employees, Samsung began as a grocery trading store, trading and exporting goods produced in and around the city.
This South Korean Company grew and expanded in Seoul in 1947 but left when the Korean War broke out. Following the war, Lee Byung started a sugar refinery in Busan before expanding into textiles and building what was at the time the largest woolen mill in Korea.
In the 1960s, Samsung entered the electronics industry with the formation of several electronics-focused divisions. These include Samsung Electronics devices, Samsung Electro-Mechanics, Samsung Corning, and Samsung Semiconductor and Telecommunications.
During this period, Samsung acquired Dongbang Life Insurance and established Joon Ang Development, known as Samsung Everland. In 1970, Samsung Sanyo produced it's first black and Tvs and expanded its reach in shipbuilding, petrochemicals, and aircraft engines.
In the next decade, Samsung also produced transistor black and white TVs, color TVs, refrigerators, electric desk calculators, and air conditioners. By 1974, Samsung Heavy Industries was one of the largest shipbuilders in the world.
In the late 1970s, the company established Samsung electronics America and the Suwon R&D Center. In 1980, Samsung entered the Telecommunications hardware industry with the purchase of Hanguk Jeonja Tongsin. Initially building telephone switchboards, Samsung expanded into telephone and fax systems, which shifted to mobile phone manufacturing.
After expanding in Germany, Portugal, and New York in the early 1980s, which led to the foundation of Samsung Printing Solutions in 1982. This company subsidiary delivered digital solutions to the printing industry. The company started producing personal computers in the following year, and in 1984, Samsung’s sales reached one trillion won.
Later in the decade, Samsung expanded to Tokyo and the United Kingdom, positioning itself as a leader in semiconductor manufacturing with massive production of 256K DRAM. In 1987, founder Lee Byung Chul passed away, and his son, Lee Kun Hee, assumed control of Samsung.
After that, Samsung semiconductor and telecommunications merged with Samsung electronics. The merged organizations focused on home appliances, telecommunications, and semiconductors. Samsung became a world leader in chip production, formed Samsung Motors, and began producing digital TVs.
The company has also begun investing heavily in the design and manufacture of components for other appliances. It sought to become the world’s largest manufacturer of consumer electronics. Samsung Ventures was founded in 1999 to invest in startup companies focusing on many of Samsung’s core services.
From the year 2000 to the present, Samsung entered the phone market with the SPH-1300, an early touch screen prototype released in 2001. The company also developed the first speech recognition phone in 2005. From the late 2000s to the early 2010s, Samsung acquired companies that developed technologies for electronic devices.
In 2011, Samsung released the Galaxy S II, followed in 2012 by the Galaxy S III, one of the world’s most popular smartphones. The year 2012, Samsung Electronics became the world’s largest mobile phone maker by unit sales, overtaking Nokia, which had been the market leader since 1998.
In 2014, Samsung announced the Gear VR, a virtual reality headset designed in collaboration with Oculus VR. The Gear VR was released in November 2015.
Samsung is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul. It comprises numerous affiliated businesses, most of them united under the Samsung company, and is the largest South Korean chaebol (business conglomerate). 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.
Following Lee’s death in 1987, Samsung was separated into five business groups – Samsung Group, Shinsegae Group, CJ Group, JoongAng Group, and Hansol Group. Since 1990, Samsung has increasingly globalized its activities and electronics; in particular, its mobile phones and semiconductors have become its most important source of income.
Popular Product Types by Samsung
Samsung enjoys several products in its name, including but not limited to the following most popular ones:
The company has a wide range of smartphone models that use the Android operating system. The Galaxy Note series is its flagship smartphone lineup. The Galaxy Note 7 Smartphone went on sale on 19 August 2016. But in early September 2016, Samsung suspended the sales of the phone and announced an informal recall.
Samsung offers smart TVs, which are internet-connected and allow access to streaming services such as Netflix and Hulu. Digital Tv also became part of Samsung’s lineup
Samsung offers a wide range of home appliance brands, including refrigerators, washing machines, dryers, dishwashers, air conditioners, and ovens. The company also offers home appliance accessories.
Samsung also became the world’s largest producer of memory chips in 1992 and is the world’s second-largest chipmaker after Intel. In 1995, it also created its first liquid crystal display screen. Other products include computer printers, display monitors, semiconductors, active-matrix organic light-emitting diodes, and telecommunications networking equipment.
Samsung Company Reputation
The company has had a few notable product failures, such as the Galaxy Note 7, which was recalled twice due to battery fires. Despite this, Samsung has maintained a strong brand and is one of the most trusted names in consumer electronics.
Samsung has continued producing innovative products that push the boundaries of technology. In 2019, the company released its first foldable smartphone, the Galaxy Fold. The phone received mixed reviews, but it was a major step forward for smartphone design.
What Brands or Subsidiaries Does Samsung Own?
Samsung owns a number of subsidiaries, including:
Samsung Electronics is a multinational electronics and information technology company headquartered in Suwon and the flagship company of the Samsung Group. Its products include air conditioners, refrigerators, mobile phones, computers, digital television sets, semiconductors, computer printers, display monitors, telecommunications networking equipment, and active-matrix organic light-emitting diodes.
Samsung Biologics is a global contractor that provides integrated services for the development, manufacturing, and commercialization of biopharmaceuticals. The company offers a range of solutions for the development and production of monoclonal antibodies, vaccines, biosimilars, and small-molecule drugs.
Samsung C&T Corporation
Samsung C&T Corporation (formerly known as Samsung Construction & Trading Corporation) is a South Korean multinational engineering, construction, trading, and investment company headquartered in Seoul. It was established in 1938 as a small trading company and has since grown to become one of the largest companies in Korea, with a global reach.
Steco is a South Korean conglomerate headquartered in Seoul. It was founded in 1954 as a construction company and has since expanded into a diversified group with interests in construction, engineering, electronics, food & beverages, and more.
Samsung Heavy Industries
Samsung Heavy Industries is a South Korean multinational engineering, construction, and shipbuilding company headquartered in Seoul. It is one of the largest shipbuilders in the world, with a market share of 10.5% as of 2020.
Samsung Medical Center
The Samsung Medical Center was founded in November 1994 under the philosophy of contributing to improving the nation’s health through the best medical service, advanced medical research, and education.
Samsung SDI is a South Korean company that manufactures lithium-ion batteries, LCD panels, and electronic materials.
Samsung SDS is also a multinational IT service company that provides information technology services, including cloud computing, artificial intelligence, big data, and blockchain solutions. Samsung SDS is Korea’s largest IT service company.
Social Responsibility and Sustainability
Samsung’s Commitment to the Environment
Samsung is committed to sustainable business practices and protecting the environment. The company has set a goal of using eco-friendly materials in all of its products by 2020.
Samsung is a member of the Global Compact, an initiative that promotes corporate sustainability. The company has also been recognized by the Carbon Disclosure Project for its efforts to reduce greenhouse gas emissions.
In 2017, Samsung was given governmental permission to test a self-driving car. The following year, Samsung announced that it would expand its renewable energy plans and hire 40 000 employees over the next three years.
Leading in Innovation
While Samsung Electronics is the primary focus of the Samsung Group, it also has a number of affiliates that are leaders in their respective fields. These include Samsung Heavy Industries, the world’s second-largest shipbuilder; Samsung Engineering, one of the top engineering firms in the world; and Samsung Life Insurance, the largest life insurer in South Korea.
Samsung donates around $100 million per annum to the Samsung Medical Center. This donation is used to support medical research, build new facilities, and attract top talent. In addition, Samsung has developed a number of health-related products, including the SAMSUNG S-Health app and the Gear S2 smartwatch with fitness tracking capabilities.