report on samsung

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Samsung

From Wikipedia, the free encyclopediaJump to: navigation, searchFor the publicly traded company, see Samsung Electronics.

Samsung Group

Type Chaebol

Industry Conglomerate

Founded 1938

Founder(s) Lee Byung-chull

Headquarters Samsung Town, Suwon, SouthKorea

Area served Worldwide

Key peopleLee Kun-hee(Chairman ofSamsungElectronics)

Products

Apparel, chemicals, consumerelectronics, electroniccomponents, medical equipment,precision instruments,

semiconductors, ships,telecommunications equipment

Services

Advertising, construction,entertainment, financial services,hospitality, information andcommunications technologyservices, medical services, retail

Revenue US$ 220.1 billion (2011)[1]

Net income US$ 21.2 billion (2011)[1]

Total assets US$ 343.7 billion (2011)[1]

Total equity US$ 141.1 billion (2011)[1]

Employees 344,000 (2011)[1]

Subsidiaries

Samsung ElectronicsSamsung Life InsuranceSamsung Heavy IndustriesSamsung C&TSamsung SDSSamsung Techwin etc.

Website Samsung.com

This article contains Korean text. Withoutproperrendering support, you may seequestion marks, boxes, or other symbolsinstead ofHangul orHanja.
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Samsung Group (Hangul: ; Hanja: ; Korean pronunciation: [sam.s'up]) is a South Koreanmultinationalconglomerate company headquartered in SamsungTown, Seoul. It comprises numerous subsidiaries and affiliated businesses, most of them unitedunder the Samsungbrand, and is the largest South Korean chaebol.

Samsung was founded by Lee Byung-chull in 1938 as a trading company. Over the next threedecades the group diversified into areas including food processing, textiles, insurance, securitiesand 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. FollowingLee's death in 1987, Samsung was separated into four business groups - Samsung Group,Shinsegae Group, CJ Group and Hansol Group. Since the 1990s Samsung has increasinglyglobalised its activities, and electronics, particularly mobile phones and semiconductors, hasbecome its most important source of income.

Notable Samsung industrial subsidiaries include Samsung Electronics (the world's largestinformation technology company measured by 2012 revenues),[2]Samsung Heavy Industries (theworld's second-largest shipbuildermeasured by 2010 revenues),[3] and Samsung Engineering andSamsung C&T (respectively the world's 35th- and 72nd-largest construction companies).[4] Other

notable subsidiaries include Samsung Life Insurance (the world's 14th-largest life insurancecompany),[5]Samsung Everland (operator of Everland Resort, the oldest theme park in SouthKorea),[6]Samsung Techwin (a surveillance, aeronautics, optoelectronics, automations andweapons technology company) and Cheil Worldwide (the world's 19th-largest advertising agencymeasured by 2010 revenues).[7][8]

Samsung has a powerful influence on South Korea's economic development, politics, media andculture, and has been a major driving force behind the "Miracle on the Han River".[9][10] Its affiliatecompanies produce around a fifth of South Korea's total exports.[11]

Contents1 Name2 History

2.1 1938 to 19702.2 1970 to 19902.3 1990 to 20002.4 2000 to 20122.5 Acquisitions and attempted acquisitions

3 Operations3.1 Subsidiaries and affiliates3.2 Joint ventures3.3 Partially owned companies

4 Major customers5 Logo

5.1 Audio logo6 Samsung Medical Center7 Sports Sponsorships8 Price fixing

8.1 DRAM price cartel8.2 CRT glass price cartel

9 See also10 References11 External links
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Name

According to the founder of Samsung Group, the meaning of the Koreanhanja word Samsung() is "tristar" or "three stars". The word "three" represents something "big, numerous andpowerful"; the "stars" mean eternity.[12]

History

1938 to 1970

The headquarters ofSamsungSanghoe in Daegu in the late1930s

In 1938,[13]Lee Byung-chull (19101987) of a large landowning family in the Uiryeong county cameto the nearby Daegu city and founded Samsung Sanghoe (, ), a smalltrading company with forty employees located in Su-dong (now Ingyo-dong). It dealt in groceriesproduced in and around the city and produced its own noodles. The company prospered and Leemoved its head office to Seoul in 1947. When the Korean Warbroke out, however, he was forced to

leave Seoul and started a sugar refinery in Busan named Cheil Jedang. After the war, in 1954, Leefounded Cheil Mojikand built the plant in Chimsan-dong, Daegu. It was the largest woollen mill everin the country and the company took on the aspect of a major company.

Samsung diversified into many areas and Lee sought to help establish Samsung as an industryleader in a wide range of enterprises, moving into businesses such as insurance, securities, andretail. Lee placed great importance on industrialization, and focused his economic developmentstrategy on a handful of large domestic conglomerates, protecting them from competition andassisting them financially.[14]

In 1948, Cho Hong-jai (the Hyosung groups founder) jointly invested in a new company called

Samsung Mulsan Gongsa (), or the Samsung Trading Corporation, with theSamsung Group founder Lee Byung-chull. The trading firm grew to become the present-daySamsung C&T Corporation. But after some years Cho and Lee separated due to differences inmanagement between them. He wanted to get up to a 30% group share. After settlement, SamsungGroup was separated into Samsung Group and Hyosung Group, Hankook Tire, and others.[15][16]

In the late 1960s, Samsung Group entered into the electronics industry. It formed severalelectronics-related divisions, such as Samsung Electronics Devices Co., Samsung Electro-Mechanics Co., Samsung Corning Co., and Samsung Semiconductor & Telecommunications Co.,and made the facility in Suwon. Its first product was a black-and-white television set.

1970 to 1990
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The SPC-1000, introduced in1982, was Samsung's firstpersonal computer (Koreanmarket only) and uses an audiocassette tape to load and savedata - the floppy drive wasoptional[17]

In 1980, Samsung acquired the Gumi-based Hanguk Jeonja Tongsin and entered the

telecommunications hardware industry. Its early products were switchboards. The facility weredeveloped into the telephone and fax manufacturing systems and became the centre of Samsung'smobile phone manufacturing. They have produced over 800 million mobile phones to date.[18] Thecompany grouped them together under Samsung Electronics Co., Ltd. in the 1980s.

After the founder's death in 1987, Samsung Group was separated into four business groups -Samsung Group, Shinsegae Group, CJ Group and Hansol Group.[19] Shinsegae (discount store,department store) was originally part of Samsung Group, separated in the 1990s from the SamsungGroup along with CJ Group (Food/Chemicals/Entertainment/logistics) and the Hansol Group(Paper/Telecom). Today these separated groups are independent and they are not part of or

connected to the Samsung Group.[20]

One Hansol Group representative said, "Only people ignorantof the laws governing the business world could believe something so absurd," adding, "WhenHansol separated from the Samsung Group in 1991, it severed all payment guarantees and share-holding ties with Samsung affiliates." One Hansol Group source asserted, "Hansol, Shinsegae, andCJ have been under independent management since their respective separations from theSamsung Group." One Shinsegae Department Store executive director said, "Shinsegae has nopayment guarantees associated with the Samsung Group."[20]

In the 1980s, Samsung Electronics began to invest heavily in research and development,investments that were pivotal in pushing the company to the forefront of the global electronicsindustry. In 1982, it built a television assembly plant in Portugal; in 1984, a plant in New York; in

1985, a plant in Tokyo; in 1987, a facility in England; and another facility inAustin in 1996. As of2012, Samsung has invested more than US$13 billion in the Austin facility, which operates underthe name Samsung Austin Semiconductor LLC. This makes the Austin location the largest foreigninvestment in Texas and one of the largest single foreign investments in the United States.[21][22]

1990 to 2000

Samsung started to rise as an international corporation in the 1990s. Samsung's constructionbranch was awarded a contract to build one of the two Petronas Towers in Malaysia, Taipei 101 inTaiwan and the Burj Khalifa in United Arab Emirates.[23] In 1993, Lee Kun-hee sold off ten of

Samsung Group's subsidiaries, downsized the company, and merged other operations toconcentrate on three industries: electronics, engineering, and chemicals. In 1996, the SamsungGroup reacquired the Sungkyunkwan University foundation.

Samsung became the largest producer of memory chips in the world in 1992, and is the world'ssecond-lar est chi maker afterIntel see Worldwide To 20 Semiconductor Market Share Rankin
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Year by Year).[24] In 1995, it created its first liquid-crystal display screen. Ten years later, Samsunggrew to be the world's largest manufacturer of liquid-crystal display panels. Sony, which had notinvested in large-size TFT-LCDs, contacted Samsung to cooperate, and, in 2006, S-LCD wasestablished as a joint venture between Samsung and Sony in order to provide a stable supply ofLCD panels for both manufacturers. S-LCD was owned by Samsung (50% plus 1 share) and Sony(50% minus 1 share) and operates its factories and facilities in Tangjung, South Korea. As on 26December 2011 it was announced that Samsung had acquired the stake of Sony in this jointventure.[25]

Compared to other major Korean companies, Samsung survived the 1997 Asian financial crisisrelatively unharmed. However, Samsung Motorwas sold to Renault at a significant loss. As of 2010,Renault Samsung is 80.1 percent owned by Renault and 19.9 percent owned by Samsung.Additionally, Samsung manufactured a range ofaircraft from the 1980s to 1990s. The company wasfounded in 1999 as Korea Aerospace Industries (KAI), the result of merger between then threedomestic majoraerospace divisions of Samsung Aerospace, Daewoo Heavy Industries, andHyundai Space and Aircraft Company. However, Samsung still manufactures aircraft engines andgas turbines. [26]

2000 to 2012

The Samsung pavilion at Expo2012

In 2001 Samsung Techwin became the sole supplier of a combustor module for the Rolls-RoyceTrent 900 used by theAirbus A380, the world's largest passenger airliner.[27] Samsung Techwin isalso a revenue-sharing participant in the Boeing's 787 DreamlinerGEnx engine program.[28]

In 2010, Samsung announced a 10-year growth strategy centred around five businesses.[29] One ofthese businesses was to be focused on biopharmaceuticals, to which the Company has committed

2.1 trillion.

[30]

In December 2011, Samsung Electronics sold its hard disk drive (HDD) business to Seagate.[31]

In the first quarter of 2012, Samsung Electronics became the world's largest mobile phone makerby unit sales, overtaking Nokia, which had been the market leader since 1998.[32][33] In the August21st edition of theAustin American-Statesman , Samsung confirmed plans to spend 3 to 4 bi lliondollars converting half of its Austin chip manufacturing plant to a more profitable chip.[34] Theconversion should start in early 2013 with production on line by the end of 2013.

On August 24, 2012, 9 U.S jurors ruled that Samsung had to payApple Incorporated US$1.05

billion dollars in damages for violating six of its patents on smartphone technology. The award wasstill less than the US$2.5 billion dollars requested by Apple. The decision also ruled that Apple didn'tviolate 5 Samsung patents that were in the case[35] Samsung decried the decision saying that themove could harm innovation in the sector.[36] It also followed a South Korean ruling that said bothcompanies were guilty of infringing on each other's intellectual property.[37] In the first trading after
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the ruling, Samsung shares on the Kospi index fell 7.7%, the largest fall since October 24, 2008, to1,177,000 Korean won.[38] Apple then sought to ban the sales of eight Samsung phones (Galaxy S4G, Galaxy S2 AT&T, Galaxy S2 Skyrocket, Galaxy S2 T-Mobile, Galaxy S2 Epic 4G, Galaxy SShowcase, Droid Charge and Galaxy Prevail) in the United States[39] which has been denied byJudge Koh.[40]

On September 4, 2012, Samsung announced it plans to examine all of its Chinese suppliers forpossible violations of labor policies. The company said it will carry out audits of 250 Chinese

companies that are its exclusive suppliers to see if children under the age of 16 are being used intheir factories.[41]

Acquisitions and attempted acquisitions

For a company of its size Samsung has made relatively few acquisitions.[42]

Rollei Swiss watch battleSamsung Techwin acquired a German camera-makerRollei on 1995. Samsung (Rollei) usedits optic expertise on the crystals of a new line of 100% Swiss-made watches, designed by a

team of watchmakers at Nouvelle Piquerez S.A. in Bassequort, Switzerland. Rolex's decisionto fight Rollei on every front stemmed from the close resemblance between the two namesand fears that its sales would suffer as a consequence. In the face of such a threat, theGeneva firm decided to confront. This was also a demonstration of the Swiss watch industry'sdetermination to defend itself when an established brand is threatened. Rolex sees this front-line battle as vital for the entire Swiss watch industry. Rolex has succeeded in keeping Rolleiout of the German market. On 11 March 1995 the Cologne District court prohibited theadvertising and sale of Rollei watches on German territory.[43][44]

Fokker, a Dutch aircraft makerSamsung lost a chance to revive its failed bid to take over Dutch aircraft maker Fokker when

other airplane makers rejected its offer to form a consortium. The three proposed partners Hyundai, Hanjin and Daewoo have notified the South Korean government that they will notjoin Samsung Aerospace Industries Ltd.[45]

AST ResearchSamsung bought AST (1994) and tried to break into North America, but the effort foundered.Samsung was forced to close the California-based computer maker following mass defectionof research staff and a string of losses.[46]

FUBU clothing and apparel

In 1992, Daymond John had started the company with a hat collection that was made in hishouse in the Queens area of New York City. To fund the company, John had to mortgage hishouse for $100,000. With his friends, namely J. Alexander Martin, Carl Brown and KeithPerrin, half of his house was turned into the first factory of FUBU, while the other halfremained as the living quarters. Along with the expansion of FUBU, Samsung invested inFUBU in 1995.[47]

Lehman Brothers Holdings Asian operationsSamsung Securities was one of a handful of brokerages looking into Lehman BrothersHoldings. But Nomura Holdings has reportedly waved the biggest check to win its bid forLehman Brothers Holdings Asian operations, beating out Samsung Securities, Standard

Chartered, and Barclays.[48] Ironically, after few months Samsung Securities Co., Ltd. andCity of London-based N M Rothschild & Sons (more commonly known simply as Rothschild)have agreed to form a strategic alliance in investment banking business. Two parties willjointly work on cross border mergers and acquisition deals.[49]
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MEDISON Co.,Ltd. - Ultrasound MonitorsIn December 2010, Samsung Electronics Co. bought MEDISON Co.,Ltd., a South Koreanmedical-equipment company, the first step in a long-discussed plan to diversify fromconsumer electronics.[50]

Grandis Inc. - memory developerIn July 2011, Samsung announced that it had acquired spin-transfer torque random accessmemory (MRAM) vendor Grandis Inc.[51] Grandis will become a part of Samsung's R&D

operations and will focus on development of next generation random-access memory.[52]

Samsung and Sony joint venture - LCD displayOn December 26, 2011 the board of Samsung Electronics approved a plan to buySony'sentire stake in their 2004 joint liquid crystal display (LCD) venture for 1.08 trillion won($938.97 million).[53]

mSpot, Inc - Music ServiceOn May 9, 2012, mSpot announced that it had been acquired by Samsung Electronics withthe intention of a cloud based music service.[54] The succeeding service was Samsung Music

Hub.NVELO, Inc. - Cache Software Developer

In December 2012, Samsung announced that it had acquired the privately held storagesoftware vendor NVELO, Inc., based in Santa Clara, California.[55] NVELO will become partof Samsung's R&D operations, and will focus on software for intelligently managing andoptimizing next-generation Samsung SSD storage subsystems for consumer and enterprisecomputing platforms.

NeuroLogica - Portable CT scannerIn January 2013, Samsung announced that it has acquired medical imaging company

NeuroLogica, part of the multinational conglomerates plans to build a leading medicaltechnology business. Terms of the deal were not disclosed.[56]

Operations

Samsung Group headquartersat Samsung Town, Seoul

Samsung comprises around 80 companies.[57] It is highly diversified, with activities in areas
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including construction, electronics, financial services, shipbuilding and medical services.[57]

In FY 2009, Samsung reported consolidated revenues of 220 trillion KRW ($172.5 billion). In FY2010, Samsung reported consolidated revenues of 280 trillion KRW ($258 billion), and profits of 30trillion KRW ($27.6 billion) (based upon a KRW-USD exchange rate of 1,084.5 KRW per USD, thespot rate as of 19 August 2011).[58] However, it should be noted that these amounts do not includethe revenues from all of Samsung's subsidiaries based outside South Korea.[59]

Subsidiaries and affiliates

As of April 2011 the Samsung Group comprised 59 unlisted companies and 19 listed companies,all of which had their primary listing on the Korea Exchange stock-exchange.[60]

Principal subsidiary and affiliate companies of Samsung include:

Ace Digitech

Ace Digitech is listed on the Korea Exchange stock-exchange (number 036550).

Cheil Industries

Cheil Industries is listed on the Korea Exchange stock-exchange (number 001300).

Cheil Worldwide

Cheil Worldwide is listed on the Korea Exchange stock-exchange (number 030000).

Credu

Credu is listed on the Korea Exchange stock-exchange (number 067280).

Imarket Korea

Imarket Korea is listed on the Korea Exchange stock-exchange (number 122900).

Samsung Card

Samsung Card is listed on the Korea Exchange stock-exchange (number 029780).

Samsung C&T Corporation

Samsung C&T Corporation is listed on the Korea Exchange stock-exchange (000830).

Samsung Electro-Mechanics

Samsung Electro-Mechanics, established in 1973 as a manufacturer of key electronic components,is headquartered in Suwon, Gyeonggi-do, South Korea. It is listed on the Korea Exchange stock-exchange (number 009150).[61]

Samsung Electronics

Main article: Samsung Electronics
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Samsung Electronics Co., Ltd. is a multinational electronics and information technology companyheadquartered in Suwon and the flagship company of the Samsung Group. [62] Its products includeair conditioners, computers, digital televisions, liquid crystal displays (including thin film transistors(TFTs) and active-matrix organic light-emitting diodes (AMOLEDs)), mobile phones, monitors,printers, refrigerators, semiconductors and telecoms networking equipment.[63] It is the world'slargest mobile phone makerby unit sales in the first quarter of 2012, with a global market share of25.4%.[64] It is also the world's second-largest semiconductor maker by 2011 revenues (afterIntel).[65]

Samsung Electronics is listed on the Korea Exchange stock-exchange (number 005930).

The headquarters of Samsung

Engineering in Seoul

Samsung Engineering

Main article: Samsung Engineering

Samsung Engineering Co., Ltd. is a multinational construction company headquartered in Seoul. Itwas founded in January 1970. Its principal activity is the construction of oil refining plants; upstreamoil and gas facilities; petrochemical plants and gas plants; steel making plants; power generationplants; water treatment facilities; and other infrastructure.[66] It achieved total revenues of 9,298.2

billion won (US$8.06 billion) in 2011.[67]

Samsung Engineering is listed on the Korea Exchange stock-exchange (number 028050).

Samsung Fine Chemicals

Samsung Fine Chemicals is listed on the Korea Exchange stock-exchange (number 004000).

Samsung Fire & Marine Insurance

Main article: Samsung Fire & Marine InsuranceSamsung Fire & Marine Insurance Co., Ltd. is a multinational general insurance companyheadquartered in Seoul.[68] It was founded in January 1952 as Korea Anbo Fire and MarineInsurance Co., Ltd. and was renamed Samsung Fire & Marine Insurance in December 1993.[69]
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Samsung Fire & Marine Insurance offers services including accident insurance, automobileinsurance, casualty insurance, fire insurance, liability insurance, marine insurance, personalpensions and loans.[70] As of March 2011 it had operations in 10 countries and 6.5 millioncustomers.[70] Samsung Fire & Marine Insurance had a total premium income of US$11.7 billion in2011 and total assets of US$28.81 billion at 31 March 2011.[70] It is the largest provider of generalinsurance in South Korea.

Samsung Fire has been listed on the Korea Exchange stock-exchange since 1975 (number

000810).[70]

Samsung Heavy Industries

Main article: Samsung Heavy Industries

Samsung Heavy Industries Co., Ltd. is a shipbuilding and engineering company headquartered inSeoul. It was founded in August 1974. Its principal products are bulk carriers, container vessels,crude oil tankers, cruisers, passenger ferries, material handling equipment steel and bridgestructures.[71] It achieved total revenues of 13,358.6 billion won in 2011 and is the world's second-

largest shipbuilder by revenues (afterHyundai Heavy Industries).[72][73]

Samsung Heavy Industries is listed on the Korea Exchange stock-exchange (number 010140).

Samsung Life Insurance

Main article: Samsung Life Insurance

Samsung Life Insurance Co., Ltd. is a multinational life insurance company headquartered in Seoul.It was founded in March 1957 as Dongbang Life Insurance and became an affiliate of the Samsung

Group in July 1963.[74]

Samsung Life's principal activity is the provision of individual life insuranceand annuity products and services.[75] As of December 2011 it had operations in seven countries,8.08 million customers and 5,975 employees.[74] Samsung Life had total sales of 22,717 billionwon in 2011 and total assets of 161,072 billion won at 31 December 2011.[74] It is the largestprovider of life insurance in South Korea.

Samsung Life Insurance is listed on the Korea Exchange stock-exchange (number 032830).

Samsung Machine Tools

Samsung Machine Tools of America is a national distributor of machines in the United States.[76]

Samsung SDI

Samsung SDI is listed on the Korea Exchange stock-exchange (number 006400). On December 5,2012 the antitrust regulators ofEuropean Union fined Samsung SDI and several other majorcompanies for fixing prices of TV cathode-ray tubes in two cartels lasting nearly a decade.[77]

Samsung Securities

Samsung Securities is listed on the Korea Exchange stock-exchange (number 016360).

Samsung Techwin

Samsung Techwin is listed on the Korea Exchange stock-exchange (number 012450).
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Shilla Hotels and Resorts

Shilla Hotels and Resorts is listed on the Korea Exchange stock-exchange (number 008770).

SI Corporation

SI Corporation is listed on the Korea Exchange stock-exchange (number 012750).

Joint ventures

Current

aT Grain

State-run Korea Agro-Fisheries Trade Corp. set up the venture, aT Grain Co., in Chicago, with threeother South Korean companies, Korea Agro-Fisheries owns 55 percent of aT Grain, whileSamsung C&T Corp, Hanjin Transportation Co. and STX Corporation. each hold 15 percent.[78]

Brooks Automation Asia

Brooks Automation Asia Co., Ltd. is a joint venture between Brooks Automation (70%) andSamsung (30%) which was established in 1999. The venture locally manufactures and configurevacuum wafer handling platforms and 300mm Front-Opening Unified Pod (FOUP) load portmodules, and designs, manufactures and configures atmospheric loading systems for flat paneldisplays.[79]

POSCO-Samsung Slovakia Steel Processing Center

Company POSS - SLPC s.r.o. was founded in 2007 as a subsidiary of Samsung C & TCorporation, Samsung C & T Deutschland and the companyPOSCO.[80]

POSCO-Samsung Suzhou Steel Processing Center

[80]

Samsung Air China Life Insurance

Samsung Air China Life Insurance Co., Ltd. is a 50:50 joint venture between Samsung LifeInsurance and China National Aviation Corporation. It was established in Beijing in July 2005.[81]

Samsung Bioepis

Samsung Bioepis is a joint venture between Samsung Biologics (85%) and the United States-based Biogen Idec (15%).[82]

Samsung Biologics

Samsung Electronics Co. and Samsung Everland Inc. will each own a 40 percent stake in theventure, with Samsung C&T Corp. and Durham, North Carolina-based Quintiles each holding 10percent. It will contract-make medicines made from living cells, and Samsung Group plans toexpand into producing copies of biologics including Rituxan, the leukemia and lymphoma treatmentsold by Roche Holding AG and Biogen Idec Inc.[83]
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Samsung BP Chemicals

Samsung BP Chemicals Co., Ltd is a 50:50 joint venture between Samsung and the UnitedKingdom-based BP, which was established in 1989 to produce and supply high-value-addedchemical products.

Samsung Corning Precision Glass

Samsung Corning Precision Glass is a joint venture between Samsung and Corning, which wasestablished in 1973 to manufacture and market cathode ray tube glass for black and whitetelevisions. The companys first LCD glass substrate manufacturing facility opened in Gumi, Koreain 1996.

Samsung Sumitomo LED Materials

Samsung Sumitomo LED Materials is a Korea-based joint venture between Samsung LED Co.,Ltd., an LED maker based in Suwon, Korea-based and the Japan-based Sumitomo Chemical. The

JV will carry out research and development, manufacturing, and sales of sapphire substrates forLEDs.[84]

Samsung Thales

Samsung Thales Co., Ltd. (until 2001 known as Samsung Thomson-CSF Co., Ltd.) is a joint venturebetween Samsung Techwin and the France-based aerospace and defence companyThales. It wasestablished in 1978 and is based in Seoul.[85]

Samsung Total

Samsung Total is a 50:50 joint venture between Samsung and the France-based oil group TotalS.A. (more specifically Samsung General Chemicals and Total Petrochemicals).

SB LiMotive

SB LiMotive is a 50:50 joint company ofRobert Bosch GmbH(commonly known as Bosch) andSamsung SDI founded in June 2008. The joint venture develops and manufactures lithium-ionbatteries for use in hybrid-, plug-in hybrid vehicles and electric vehicles.

SD Flex

SD Flex Co., Ltd. was founded on October 2004 as a joint venture corporation by Samsung andDuPont, one of the world's largest chemical company.[86]

Sermatech Korea

Sermatech owns 51% of its stock, while Samsung owns the remaining 49%. The U.S. firmSermatech International, for a business focusing on highly specialized aircraft constructionprocesses such as special welding and brazing.[87]

Siam Samsung Life Insurance

Samsung Life Insurance, holds a 37% stake while Saha Group also has a 37.5% stake in the jointventure, with the remaining 25% owned by Thanachart Bank.[88]
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Siltronic Samsung Wafer

Siltronic Samsung Wafer Pte. Ltd, the joint venture by Samsung and wholly owned Wacker Chemiesubsidiary Siltronic, was officially opened in Singapore in June 2008.[89]

SMP

SMP Ltd. is a joint venture between Samsung Fine Chemicals and MEMC. MEMC ElectronicMaterials Inc. and an affiliate of Korean conglomerate Samsung are forming a joint venture to builda polysilicon plant.

Steco

Steco Co., Ltd. is established as the joint - venture company with Samsung Electronics Co., Ltd andJapan TORAY in 1995.[90]

Stemco

Stemco is a joint venture between Samsung Electro-Mechanics and the Japan-based TorayIndustries which was established in 1995.[91]

Toshiba Samsung Storage Technology

Toshiba Samsung Storage Technology Corporation (TSST) is joint venture between SamsungElectronics and Toshiba of Japan which specialises in optical disc drive manufacturing. TSST wasformed in 2004, and Toshiba owns 51% of its stock, with Samsung owns the remaining 49%.

Defunct

Alpha Processor

In 1998, Samsung created a U.S. joint venture with Compaqcalled Alpha Processor Inc. (API)--tohelp it enter the high-end processor market. The venture was also aimed at expanding Samsung'snon-memory chip business by fabricatingAlpha processors. At the time, Samsung and Compaqinvested $500 million in Alpha Processor.[92]

GE-Samsung Lighting

GE Samsung Lighting was a joint venture between Samsung and the GE Lighting subsidiary ofGeneral Electric. The venture was established in 1998 and was broken up 2009. [93]

Global Steel Exchange

Global Steel Exchange was a joint venture formed in 2000 between Samsung, the United States-based Cargill, the Switzerland-based Duferco Group, and the Luxembourg-based Tradearbed (nowpart of theArcelorMittal), to handle their online buying and selling of steel. [94]

S-LCD

S-LCD Corporation was a joint venture between Samsung Electronics (50% plus one share) andthe Japan-based Sony Corporation (50% minus one share) which was established in April 2004.On December 26, 2011, Samsung Electronics announced that it would acquire all of Sony's shares
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in the venture.

Partially owned companies

Atlantico Sul

Samsung Heavy Industries currently owns 10 percent of the Brazilian shipbuilder Atlantico Sul,which operates the largest shipyard in South America. Joao Candido, the largest ship built to datein Brazil, was built by Atlantico Sul with technology supplied by Samsung Heavy Industries.[95]

DGB Financial Group

Samsung Life Insurance currently holds a 7.4% stake in the South Korean banking company DGBFinancial Group, making it the largest shareholder.[96]

Doosan Engine

Samsung Heavy Industries currently holds a 14.1 percent stake in Doosan Engine, making it thesecond-biggest shareholder.[97]

Korea Aerospace Industries

Samsung Techwin currently holds a 10 percent stake in Korea Aerospace Industries (KAI). Othermajor shareholders include the state-owned Korea Finance Corporation (26.75 percent), HyundaiMotor(10 percent) and Doosan (10 percent).[98]

MEMC KOREA

MEMC's joint venture with Samsung Electronics Company, Ltd. In 1990, MEMC entered into a jointventure agreement to construct a silicon plant in Korea.[99]

Rambus Incorporated

Samsung currently owns 4.19 percent ofRambus Incorporated.[100]

Renault Samsung Motors

Samsung currently owns 19.9 percent of the automobile manufacturerRenault Samsung Motors.

Seagate Technology

Samsung currently owns 9.6 percent ofSeagate Technology, making it the second-largestshareholder. Under a shareholder agreement, Samsung has the right to nominate an executive toSeagates Board of Directors.[101]

SungJin Geotec

Samsung Engineering holds a 10 percent stake in Sungjin Geotec, an offshore oil drilling companythat is a subsidiary ofPOSCO.[102]

Taylor Energy
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Taylor Energy is an independent American oil company that drills in the Gulf of Mexico based inNew Orleans, Louisiana.[103] Samsung Oil & Gas USA Corp., subsidiaries of Samsung, currentlyowns 20% of Taylor Energy.

Major customers

The world's largest oil and gasproject, Sakhalin II- Lunskoye

platform under construction. Thetopside facilities of the LUN-A(Lunskoye) and PA-B (PiltunAstokhskoye) platforms arebeing built at the SamsungHeavy Industry shipyard in SouthKorea.[104]

Major customers of Samsung include:

Royal Dutch Shell

Samsung Heavy Industries will be the sole provider of liquefied natural gas (LNG) storagefacilities worth up to US$50 bi llion to Royal Dutch Shell for the next 15 years.[105][106]

Shell has unveiled plans to build the world's first floating liquefied natural gas (FLNG) platform.At Samsung Heavy Industries' shipyard on Geoje Island in South Korea, work is about tostart[when?] on a "ship" that, when finished and fully loaded, will weigh 600,000 tonnes theworld's biggest "ship". That is six times as much as the biggest US aircraft carrier.[107]

United Arab Emirates governmentA consortium of South Korean firms - including Samsung, Korea Electric Power Corp andHyundai - has won a deal worth 40 billion dollars to build nuclear power plants in the UnitedArab Emirates.[108]

Ontario governmentThe government of the Canadian province ofOntario signed off one of the world's largestrenewable energy projects, signing a $6.6bn deal that will result in 2,500 MW of new wind andsolar energy capacity being built. Under the agreement a consortium led by Samsung andthe Korea Electric Power Corporation will manage the development of 2,000 MW-worth ofnew wind farms and 500 MW of solar capacity, while also building a manufacturing supplychain in the province.[109]

Logo
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The Samsung Byeolpyonoodles logo, used fromlate 1938 until replaced

The Samsung Group logo,used from late 1969 untilreplaced in 1979

The Samsung Grouplogo (three stars), usedfrom late 1980 until

The Samsung Electronicslogo, used from late 1980until replaced in 1992

Samsung's current logo, in

use since 1993.[110]

The current Samsung logo design is intended to emphasize flexibility and simplicity while conveyinga dynamic and innovative image through the ellipse, the symbol of the universe and the world stage.The openings on both ends of the ellipse where the letters "S" and "G" are located are intended toillustrate the company's open-mindedness and the desire to communicate with the world. TheEnglish rendering is a visual expression of its core corporate vision, excellence in customer servicethrough technology.

The basic color in the logo is blue, the color that the company has had used in its logos for years.The blue color symbolizes stability and reliability, which are precisely what the company wishes toaccomplish with its customers. It also stands for social responsibility as a corporate citizen, acompany official explained.[111]

Audio logo

Samsung has an audio logo, which consists of the notes E, A, D, E. The audio logowas produced by Musikvergnuegen and written by Walter Werzowa.[112][113]

Samsung Medical Center

Samsung donates around US$100 million per annum to the Samsung Medical Center, a non-profithealthcare provider founded by the group in 1994.[114] Samsung Medical Center incorporatesSamsung Seoul Hospital, Kangbook Samsung Hospital, Samsung Changwon Hospital, SamsungCancer Center and Samsung Life Sciences Research Center. Samsung Cancer Center, located inSeoul, is the largest cancer center in Asia.[115] Samsung Medical Center and the multinational
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Economy of South Korea

History

Miracle on the Han River1997 financial crisis

Companies

List of companiesChaebol

pharmaceuticals company Pfizerhave agreed to collaborate on research to identify the genomicmechanisms responsible for clinical outcomes in hepatocellular carcinoma.[116]

Sports Sponsorships

For more details on Samsung's sports sponsorships, see Samsung Sports.

Samsung sponsors Bundesliga club Bayern Munich.[117]

Samsung are the current sponsors of theEnglish Premier League football club Chelsea Football Club. They also sponsor English FootballLeague One clubs Swindon Town and Leyton Orient.[118]

Samsung, which started as a domestic sponsor of the Olympics in Seoul 1988, has been aworldwide Olympic partner since the 1998 Winter Olympics.[119]

Samsung operating many sports clubs, football club Suwon Samsung Bluewings, baseball clubSamsung Lions, basketball club Seoul Samsung Thunders, volleyball club Daejeon Samsung FireBluefangs and etc.

Samsung also sponsors a formerStarcraftBrood Warand current Starcraft II Professional GamingTeam named Samsung Khan. Samsung has sponsored the team since 2000.

Price fixing

DRAM price cartel

Samsung was fined EUR 145,727,000 for being part of a price cartel of ten companies forDRAMswhich lasted from 1 July 1998 to 15 June 2002. The company received, like most of the othermembers of the cartel, a 10-% reduction for acknowledging the facts to investigators. Samsung had

to pay 90% of their share of the settlement, but Micron avoided payment as a result of havinginitially revealed the case to investigators.[120]

CRT glass price cartel

Samsung Corning Precision Materials participated in a price cartel of four companies forCRTglass which lasted from 23 February 1999 to 27 December 2004. Samsung Corning PrecisionMaterials received full immunity and was therefore not fined as it revealed the existence of the cartelto the European Commission.[121]

See also
http://en.wikipedia.org/wiki/Samsung_Grouphttp://en.wikipedia.org/wiki/Chaebolhttp://en.wikipedia.org/wiki/List_of_South_Korean_companieshttp://en.wikipedia.org/wiki/East_Asian_financial_crisishttp://en.wikipedia.org/wiki/Miracle_on_the_Han_Riverhttp://en.wikipedia.org/wiki/File:South_Korea%27s_GDP_%28PPP%29_growth_from_1911_to_2008.pnghttp://en.wikipedia.org/wiki/Economy_of_South_Koreahttp://en.wikipedia.org/wiki/Samsung#cite_note-Antitrust:_Commission_fines_producers_of_CRT_glass_.E2.82.AC_128_million_in_fourth_cartel_settlement-121http://en.wikipedia.org/wiki/Cathode_ray_tubehttp://en.wikipedia.org/wiki/Samsung#cite_note-Antitrust:_Commission_fines_DRAM_producers_.E2.82.AC_331_million_for_price_cartel.3B_reaches_first_settlement_in_a_cartel_case-120http://en.wikipedia.org/wiki/DRAMhttp://en.wikipedia.org/wiki/Samsung_Khanhttp://en.wikipedia.org/wiki/Starcraft_IIhttp://en.wikipedia.org/wiki/Brood_Warhttp://en.wikipedia.org/wiki/Starcrafthttp://en.wikipedia.org/wiki/Daejeon_Samsung_Fire_Bluefangshttp://en.wikipedia.org/wiki/Seoul_Samsung_Thundershttp://en.wikipedia.org/wiki/Samsung_Lionshttp://en.wikipedia.org/wiki/Suwon_Samsung_Bluewingshttp://en.wikipedia.org/wiki/Samsung#cite_note-119http://en.wikipedia.org/wiki/1998_Winter_Olympicshttp://en.wikipedia.org/wiki/1988_Summer_Olympicshttp://en.wikipedia.org/wiki/Olympicshttp://en.wikipedia.org/wiki/Samsung#cite_note-Hytner-118http://en.wikipedia.org/wiki/Leyton_Orienthttp://en.wikipedia.org/wiki/Swindon_Townhttp://en.wikipedia.org/wiki/Football_League_Onehttp://en.wikipedia.org/wiki/Chelsea_Football_Clubhttp://en.wikipedia.org/wiki/Premier_Leaguehttp://en.wikipedia.org/wiki/Samsung#cite_note-117http://en.wikipedia.org/wiki/FC_Bayern_Munichhttp://en.wikipedia.org/wiki/Fu%C3%9Fball-Bundesligahttp://en.wikipedia.org/wiki/Samsung_Sportshttp://en.wikipedia.org/wiki/Samsung#cite_note-116http://en.wikipedia.org/wiki/Pfizer


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