About Samsung

The Samsung Group (Korean: 三星 그룹, Samseong Geurup) is South Korea's largest conglomerate (chaebol) and one of the largest multi-billion dollar corporations in the world leading several major global industries. It is composed of numerous multinational businesses, all united under the prestigious Samsung brand, one of the most valued global brands, including Samsung Electronics, the world's largest electronics company, Samsung Heavy Industries, one of the world's biggest shipbuilders and Samsung Engineering & Construction, a major global construction company. These three businesses form the core of Samsung Group and reflect its name — the meaning of the Korean word samsung is "tristar" or "three stars". The Samsung brand is the best known Korean brand in the world and in 2005, Samsung overtook Sony as the world's No.1 consumer electronics brand and became part of the Top 20 global brands overall. Samsung Group is also the leader in several other industries domestically, such as the financial, chemical, retail and entertainment industries.

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Samsung Group is South Korea's largest company and exporter and the 5th largest transnational corporation in the world. It has been run by generations of one of the world's wealthiest families, currently helmed by chairman Lee Kun-Hee, the third son of the founder, Lee Byung-Chul. Samsung Group is recognized as the most prestigious firm in South Korea, attracting and owning many of the country's most intelligent and best talented pupils, with 25% of its employees having a PhD degree or equivalent. South Korean Samsung employees are also highly loyal to the company, working for very long hours with no weekends or holidays until they retire.

Many major South Korean corporation such as CJ Corporation, Shinsegae department store and Joong-Ang Ilbo daily newspaper were previously part of the Samsung Group, split apart by the government in order to reduce its power. Many leading companies in South Korea, notably iriver, the No.1 MP3 Player maker in South Korea and Naver, the No.1 Search Engine portal in South Korea, were established by ex-Samsung employees. A large number of South Korean firms, particularly those in the electronics industry, are dependent on Samsung for the supply of vital components or raw materials such as semiconductor chips or LCD panels. Consequently, Samsung is able to artifically moderate prices and has been criticised for handicapping other rivals, leading to bankruptcy of mid to small sized businesses as they cannot compete with Samsung. As a result, many have been taken over by Samsung Group, leading to a complete dominance by Samsung Group in many industries.

Samsung Group accounts for more than 20% of South Korea's total exports, with strong government support, including the ability to access unlimited amount of funds from major banks in South Korea. In many domestic industries, Samsung Group is the sole monopoly dominating a single market, its revenue as large as some developing countries' total GDP. The company owns or has taken over so many mid to small sized businesses that it is often called a 'colonial empire' or 'hungry dinosaur'. The company has a powerful influence on the country's economic development, politics, media and culture, being a major driving force behind the Miracle on the Han River. Many Koreans consider Samsung Group a symbol of national pride and businesses use its international success as a model, with the company being known as "Another Family" in South Korea.

  1. Mentioned In 119 Articles

  2. Top 5 Mobile Advertising Trends To Watch

    Explore Article mashable.com (Aug 19 2010)

    Top 5 Mobile Advertising Trends To Watch ...s To Watch email share email share Do you like this story? The mobile trends series is supported by Samsung. Read more about the Samsung Galaxy here. Mobile advertising is increasingly important, as cell phone adoption rates, especially... (Read Full Article)

    Comment on Article Mentions:   WAP   Ctia   Samsung

  3. How Email Marketers Can Capitalize on Mobile Marketing: Insider Tips | Best Mobile Phone | Mobile Phones latest news, tips and reviews

    Explore Article Best Mobile Phone (Jul 26 2010)

    How Email Marketers Can Capitalize on Mobile Marketing: Insider Tips | Best Mobile Phone | Mobile Phones latest news, tips and reviews ...e, all the latest news, phone reviews and tips. The best guide for mobile phone from iPhone, Nokia, Samsung, LG, Sony Ericsson, Motorola. Read the guides before buying a mobile phone. Best aplications for mo... (Read Full Article)

    Comment on Article Mentions:   iPhone   SMS   Sony Ericsson

  4. Bits and Bytes: WiMAX Forum news; CDG awards; and more - RCR Wireless News

    Explore Article Mobile Technology (Jun 18 2010)

    Bits and Bytes: WiMAX Forum news; CDG awards; and more - RCR Wireless News ...rom Alvarion, Beceem, Clearwire, Fujitsu, GCT Semiconductor, Hitachi, Huawei, Intel, Motorola, NEC, Samsung, Sequans, UQ and ZTE participated in the proposal. The proposal addresses how performance enhanceme... (Read Full Article)

    Comment on Article Mentions:   Airwide Solutions   iPhone   ZTE

  5. Mobile TV: 80% of young UK residents want it

    Explore Article gomonews.com (Jun 1 2010)

    Mobile TV: 80% of young UK residents want it ...iever, and don’t require any subscriptions or payments. Telegent ships chips to some big OEMs, like Samsung and ZTE, and claims to have 80 million receivers embedded world-wide. What does the research say? Y... (Read Full Article)

    Comment on Article Mentions:   ZTE   Samsung

  6. Everything you ever wanted to know about mobile, but were afraid to ask

    Explore Article Communities Dominate Brands (May 28 2010)

    ...a Mobile or AT&T to have a place in mobile. You don't need to build phones like Nokia and Apple and Samsung. You can enter mobile via SMS or MMS or WAP or HTML 'real web' or even perhaps by smartphone apps. ... (Read Full Article)

    Comment on Article Mentions:   iPhone   AT&T   T-Mobile

  7. Apps are a must-have element to brands’ overall marketing strategy

    Explore Article Mobile Marketer (May 24 2010)

    Apps are a must-have element to brands’ overall marketing strategy ...ry and Nokia are starting to develop their offerings a lot more aggressively, with major plays from Samsung and others also being made in the global arena.” In the United States, there has been a relatively ... (Read Full Article)

    Comment on Article Mentions:   iPhone   Android   ABI Research

  8. 1Goal set be biggest text campaign ever

    Explore Article gomonews.com (May 18 2010)

    ...ones and wallpapers. There’s also mention of and smartphone apps which is presumably what Nokia and Samsung will be making available as a 1GOAL mobile app for their customers. GoMo News couldn’t see the app,... (Read Full Article)

    Comment on Article Mentions:   Android   Samsung   Nokia

  9. Five trends driving mobile marketing and commerce this year

    Explore Article Mobile Marketer (May 4 2010)

    Five trends driving mobile marketing and commerce this year ...in two years with mobile’s rapid maturity. Smartphones from Apple, Research In Motion, Motorola and Samsung will dominate nationwide, while Nokia will face increasing threats to its market share overseas fro... (Read Full Article)

    Comment on Article Mentions:   Technology   iPhone   Android

  10. Phoenix Coyotes tap mobile to connect with fans

    Explore Article Mobile Marketer (Apr 26 2010)

    Phoenix Coyotes tap mobile to connect with fans ...s of mobile phones, including Apple's iPhone, RIM's BlackBerry Curve and Motorola Droid, as well as Samsung and LG models. “The key objective is to provide rich-media content easily and quickly on an anyplac... (Read Full Article)

    Comment on Article Mentions:   Technology   iPhone   Twitter

  11. Analyst Angle: Mobile consumer content and applications finding play in the enterprise - RCR Wireless News

    Explore Article Mobile Technology (Mar 31 2010)

    ...s of mobile applications through application stores. Vendors like Apple, Nokia, Blackberry, Google, Samsung, LG, Sony Ericsson, Motorola and Palm sponsor most of these stores. But little by little, service p... (Read Full Article)

    Comment on Article Mentions:   Technology   iPhone   Blackberry

  12. AT&T Offers Global Messaging Plan

    Explore Article InformationWeek (Mar 19 2010)

    ...ks, such as Facebook. Initially, the services would be available on only four phones, two each from Samsung and Pantech. Sharing media would cost $10 per month for 50 transfers. A pay-per-use option would co... (Read Full Article)

    Comment on Article Mentions:   AT&T   Antone Gonsalves   Samsung

  13. For Your Eyes Only - the three levels of customer behavior based data

    Explore Article Communities Dominate Brands (Mar 8 2010)

    ...can get from mobile phone 7th mass medium consumption. So, today - 2010 - the handset maker (Nokia, Samsung, Apple, Blackberry) does not have this ability. The internet brands (Google, Yahoo, Amazon, Faceboo... (Read Full Article)

    Comment on Article Mentions:   Technology   Twitter   Blackberry

  14. Mobile World Congress 2010 - A review by Strand Consult

    Explore Article gomonews.com (Feb 23 2010)

    ... that are currently making enormous investments in our society. The presentation by Ho Soo Lee from Samsung was exciting. You have to respect a telephone manufacturer that sells 220 million phones a year and... (Read Full Article)

    Comment on Article Mentions:   iPhone   Android   Vodafone

  15. Mobile World Congress: 49,000 visitors go home, sated on Google, Microsoft and Apple

    Explore Article Mobile Marketer (Feb 18 2010)

    Mobile World Congress: 49,000 visitors go home, sated on Google, Microsoft and Apple ... the occasions for mobile ads to be displayed. Mobile advertisers should be reflective over the new Samsung Wave, Windows Phone 7, Motoblur and newer mobile social hubs, which offer push updates and discard ... (Read Full Article)

    Comment on Article Mentions:   Technology   iPhone   AT&T

  16. Microsoft Windows Phone Series 7, Samsung Wave and Scenes from MWC 2010

    Explore Article eweek.com (Feb 17 2010)

    ...updated applications for BlackBerry Messenger as well as GPS support and a backlit QWERTY keyboard. Samsung B2100 The B2100 is built to withstand tough environments and is protected against impact, dust and ... (Read Full Article)

    Comment on Article Mentions:   Twitter   Android   Mobile World Congress

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