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Samsung

Samsung was founded in 1969, and one of its subsidiaries, Samsung Electronics Co. Ltd. is one of the largest electronics companies in the world. Founded in Daegu, South Korea, it operates in around 58 countries and has over 208,000 workers. The turnover in 2003 was about 101.7 billion USD. Among the top 20 brands of the world.

At present, Samsung Electronics operates in 5 business areas, namely Telecommunications (Mobile Handsets and Network), Digital and Home Appliances (including washing machines, microwave ovens, refrigerators, VHS and DVD players, etc), Digital Media, LCD, and Semiconductors.

Samsung (meaning "three stars" or "tristar" in Korean) was founded by Lee Byungchul. Samsung Electronics is the flagship division of The Samsung Group.

Samsung is one of the largest South Korean conglomerates ("chaebol"). It started as an exports company in 1938 but soon diversified.

Subsidiaries of the Samsung Group

Electronics industries

  • SAMSUNG Electronics
  • SAMSUNG Electro-Mechanics
  • SAMSUNG SDI
  • SAMSUNG Corning
  • SAMSUNG SDS
  • SAMSUNG Networks
  • SAMSUNG Corning Precision Glass

Machinery and heavy industries

  • SAMSUNG Heavy Industries
  • SAMSUNG Techwin

Chemical industries

  • SAMSUNG TOTAL PETROCHEMICALS
  • SAMSUNG Petrochemicals
  • SAMSUNG BP chemicals
  • SAMSUNG Fine Chemicals
  • Cheil Industries

Financial services

  • SAMSUNG Life Insurance(Korean)
  • SAMSUNG Fire & Marine Insurance
  • SAMSUNG Card, SAMSUNG Securities
  • SAMSUNG Capital
  • SAMSUNG Investment Trust Management
  • SAMSUNG Venture Investment

History

1950s - 1980s

  • 1953: Samsung started sugar production, which has since ended
  • 1958: Samsung starts offering insurance
  • 1965: A department store opened in Kwanjou.
  • 1967: Samsung started the Joong-Ang Ilbo daily newspaper. Today this newspaper has no affiliation with the company.
  • 1969: Samsung Electronics founded
  • 1974: Samsung Petrochemical and Heavy Industries founded.
  • 1976: The company was awarded an export prize by the government as a part of the country's development programme.
  • 1977: As a result of their export prize, Samsung Construction emerged. In addition, Samsung Shipbuilding has formed.
  • 1982: Samsung established a professional baseball team.
  • 1983: Samsung produced its first computer chip: a 64k DRAM.
  • Towards the end of the 1980's, Samsung pushed its efforts in petrochemicals and electronics.

The 1990s and present

The 1990s saw Samsung rise as an international corporation. Not only did it acquire a number of businesses abroad, but also began leading the way in certain electronic components. Samsung's construction branch was awarded the contract to build one of the two Petronas Towers in Malaysia in September 1993.

Samsung survived the Asian financial crisis of 1997-98 relatively unharmed. It has kept expanding since then. Samsung's brand strength has improved impressively in the last few years, despite an environment of scandal and political intrigue.

Samsung is now one of the leading manufacturers in plasma displays, although it has struggled with building an image of being an innovator created by legal controversies over patent infringements with companies such as Fujitsu who claim to have created plasma display technology first. Samsung has also faced controversy in Korea for its policies towards workers, described by some as anti-worker.


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Samsung has also faced controversy in Korea for its policies towards workers, described by some as anti-worker. Fall of 2004, early 2005: merger work continues. Samsung is now one of the leading manufacturers in plasma displays, although it has struggled with building an image of being an innovator created by legal controversies over patent infringements with companies such as Fujitsu who claim to have created plasma display technology first. In July 2004, Japan's fourth-largest bank UFJ Bank offered to merge with MTFG; if approved, the merger would create the largest bank in the world by assets, and one of the largest by tier 1 capital. Samsung's brand strength has improved impressively in the last few years, despite an environment of scandal and political intrigue. The financial group dates back to 1919, when the Mitsubishi Bank was founded to finance the Mitsubishi zaibatsu, most of which is today Mitsubishi Heavy Industries. It has kept expanding since then. MTFG is widely considered financially the strongest of Japan's large banks, with non-performing loans down to 2.9% of assets.

Samsung survived the Asian financial crisis of 1997-98 relatively unharmed. The financial group consists of:. Samsung's construction branch was awarded the contract to build one of the two Petronas Towers in Malaysia in September 1993. Mitsubishi Tokyo Financial Group Inc. (三菱東京フィナンシャル・グループ; MTFG) (TYO: 8306) is Japan's second largest bank ranked by assets (an estimated $1 trillion), second only to Mizuho Bank. Not only did it acquire a number of businesses abroad, but also began leading the way in certain electronic components. UnionBanCal Corporation, holding company of Union Bank of California. The 1990s saw Samsung rise as an international corporation. Mitsubishi Securities Co., Ltd.

. The Mitsubishi Trust and Banking Corporation. It started as an exports company in 1938 but soon diversified. The Bank of Tokyo-Mitsubishi, Ltd., formed in 1996 through the merger of the Bank of Tokyo with Mitsubishi Bank. Samsung is one of the largest South Korean conglomerates ("chaebol"). Samsung Electronics is the flagship division of The Samsung Group.

Samsung (meaning "three stars" or "tristar" in Korean) was founded by Lee Byungchul. At present, Samsung Electronics operates in 5 business areas, namely Telecommunications (Mobile Handsets and Network), Digital and Home Appliances (including washing machines, microwave ovens, refrigerators, VHS and DVD players, etc), Digital Media, LCD, and Semiconductors. Among the top 20 brands of the world. The turnover in 2003 was about 101.7 billion USD.

Founded in Daegu, South Korea, it operates in around 58 countries and has over 208,000 workers. is one of the largest electronics companies in the world. Ltd. Samsung was founded in 1969, and one of its subsidiaries, Samsung Electronics Co.

Towards the end of the 1980's, Samsung pushed its efforts in petrochemicals and electronics. 1983: Samsung produced its first computer chip: a 64k DRAM. 1982: Samsung established a professional baseball team. In addition, Samsung Shipbuilding has formed.

1977: As a result of their export prize, Samsung Construction emerged. 1976: The company was awarded an export prize by the government as a part of the country's development programme. 1974: Samsung Petrochemical and Heavy Industries founded. 1969: Samsung Electronics founded.

Today this newspaper has no affiliation with the company. 1967: Samsung started the Joong-Ang Ilbo daily newspaper. 1965: A department store opened in Kwanjou. 1958: Samsung starts offering insurance.

1953: Samsung started sugar production, which has since ended. SAMSUNG Venture Investment. SAMSUNG Investment Trust Management. SAMSUNG Capital.

SAMSUNG Card, SAMSUNG Securities. SAMSUNG Fire & Marine Insurance. SAMSUNG Life Insurance(Korean). Cheil Industries.

SAMSUNG Fine Chemicals. SAMSUNG BP chemicals. SAMSUNG Petrochemicals. SAMSUNG TOTAL PETROCHEMICALS.

SAMSUNG Techwin. SAMSUNG Heavy Industries. SAMSUNG Corning Precision Glass. SAMSUNG Networks.

SAMSUNG SDS. SAMSUNG Corning. SAMSUNG SDI. SAMSUNG Electro-Mechanics.

SAMSUNG Electronics.