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.
Read MoreSamsung 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.
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Mentioned In 108 Articles
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For Your Eyes Only - the three levels of customer behavior based data
Explore Article Communities Dominate Brands (Mar 8 2010) SMS
...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)
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Mobile World Congress 2010 - A review by Strand Consult
Explore Article gomonews.com (Feb 23 2010) Mobile Applications , Smartphones
... 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)
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Mobile World Congress: 49,000 visitors go home, sated on Google, Microsoft and Apple
Explore Article Mobile Marketer (Feb 18 2010) Mobile Applications , Mobile Marketing , Americas
... 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)
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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)
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Toshiba, Lg, Htc Debut Handsets at Mobile World Congress
Explore Article eweek.com (Feb 16 2010) Smartphones , SMS
...World Congress is on software like Google's Android, Microsoft's Windows Phone 7 Series and Samsung's open source Bada, there are still a wide selection of handsets making their debut in Barcelon... (Read Full Article)
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Motorola, Acer, Samsung Release Smartphones at MWC
Explore Article eweek.com (Feb 16 2010) SMS
...vity to sites like Facebook and Twitter. Open source operating systems also played a big role, with Samsung, Sony Ericsson and Motorola rolling out open systems. Here's a look at the latest devices makin... (Read Full Article)
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MWC: First Bada phone from Samsung – the Wave
Explore Article gomonews.com (Feb 15 2010) Smartphones
Rating: Pitched as an affordable iPhone Samsung’s proprietary mobile OS, bada, become a reality with the launch of the Wave. Priced at around € 330...
(Read Full Article)
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Wholesale Applications Community to push apps to customers launched by mobile operators
Explore Article gomonews.com (Feb 15 2010)
... around the world. The GSMA and three of the world’s largest device manufacturers – LG Electronics, Samsung and Sony Ericsson – also support this initiative. What we think? A little bit late in the game, but... (Read Full Article)
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@MWC Vodafone turns up the heat for Android app Vodafone People and Vodafone 360
Explore Article gomonews.com (Feb 15 2010) Mobile Applications , EMEA
... and aggregation of social network feeds, chat and email accounts 2. Nearly 300,000 Vodafone 360 Samsung H1 and M1 phones sold since service launch 3. Downloadable 360 services now available for 100 dev... (Read Full Article)
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Samsung Unveils Vision Of The Future: No More Dumb Phones
Explore Article mocoNews (Feb 14 2010)
The day before Mobile World Congress officially kicks off, Samsung unveiled the Wave, the first phone running its new operating system called bada. The multimedia e...
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Cross-platform apps are the only way forward
Explore Article Dean Bubley's Disruptive Wireless (Jan 21 2010)
....Some of the Nokia apps are really good - the SMS client, for example. Some of the SonyEricsson and Samsung ones too. But if I don't want a Nokia or an S-E phone for any reason, why can't I still hav... (Read Full Article)
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Mobile App Revenue Soaring, Although Most Are Free
Explore Article eweek.com (Jan 18 2010) Mobile Applications
...unch, which said it got the figure from Google. Nokia, Microsoft, Research In Motion, Palm and even Samsung have been furiously working to increase the numbers of applications in their app stores, which have... (Read Full Article)
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You snooze, you lose: Android picks up where WinMo was too slow
Explore Article gomonews.com (Jan 14 2010) Smartphones
...dding just LG there’ll be around 30 by the end of this year. And that’s not counting Motorola, HTC, Samsung, Huawei, Google itself, Sony Ericsson… But you know, it could be a lot worse. Ok, so less than 10 i...
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Arcot and MasterCard use mobile apps to bolster credit card security
Explore Article gomonews.com (Jan 14 2010) Mobile Applications , Mobile Security
...one, BlackBerry, Android and WinMo) - but also works on the most popular feature phones from Nokia, Samsung, LG, Motorola and Sony Ericsson. What we think? Hey, I’m no security expert. But this looks good to...
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Samsung Intros 64 GB Smartphone Storage
Explore Article InformationWeek (Jan 13 2010) Americas
The company also launched a 32-GB microSD card for smartphones and other mobile devices. Samsung Intros 64 GB Smartphone Storage The company also launched a 32-GB microSD card for smartphones and ... (Read Full Article)
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