The founder of the Samsung company. History of Samsung Electronics

We say Bill Gates, we mean Microsoft. Richard Branson - Virgin. Sergey Brin - Google. Mark Zuckerberg - Facebook. The list is endless. Founders of companies, as a rule, not only determine the development strategy, but also become part of the corporate brand and image. But besides the dozens of charismatic billionaires whose names sound as loud as the names of the companies they founded, there are dozens of other billionaires whose names are overshadowed by their brands. As a rule, these are heirs in the second or third generation, they no longer have the charisma of their enterprising ancestors, and their assets are managed by hired managers.

Budweiser, Stella Artois, Hoegaarden, Burger King, Heinz

Owners: Marcel Herrmann Teles, Jorge Paulo Lehmann and Carlos Alberto Sicupira

Condition assessment:$ 9.1 billion, $ 17.8 billion and $ 7.9 billion

Three Brazilian businessmen started working together in the 1970s. In 1998, they sold their investment bank Banco Garantia to Credit Suisse First Boston for $ 675 million. In 2001, the Brazilian brewing companies Brahma and Antarctica merged into a single holding AmBev, and the trio led the merger. This was followed by another deal - in 2004, AmBev and Belgian Interbrew merged, the merged company was named InBev. But the Brazilian investment bankers did not rest on this either. In 2008, InBev acquired the American corporation Anheuser-Busch. The combined company, which received the logical name Anheuser-Busch InBev, became the largest beer producer in the world (about 200 brands, including the Russian Sibirskaya Korona and Tolstyak) with revenues of about $ 40 billion in 2012 and a market capitalization of about $ 150 billion.

In 2010, investment company Lehmann and its partners 3G Capital acquired the fast food chain Burger King, and in 2013, in partnership with Warren Buffett's Berkshire Hathaway, the manufacturer of Heinz ketchup.

Ray-Ban, Oakley

Owner: Leonardo Del Vecchio

Condition assessment:$ 15.3 billion

At the age of seven, Del Vecchio, after the death of his father, was sent to education in Orphanage... After school, he came to work as an apprentice in a factory that made molds for auto parts and spectacle frames. And in 1961, when he was 26 years old, he founded Luxottica. Now in his homeland, in Italy, Del Vecchio is called the king of glasses. Luxottica, which he founded, is the world's largest manufacturer of sunglasses and prescription glasses.

Bmw

Owners: Stefan Quandt, Susan Klatte and Johanna Quandt

Condition assessment:$ 11.9 billion, $ 14.3 billion and $ 10.6 billion

Stefan, 47, and Susan, 51, are the children of Herbert Quandt (died 1982), the investor who saved BMW from bankruptcy and the sale of Daimler-Benz. Their mother Johanna worked for Herbert as a secretary and personal assistant, and then became his third wife. The family owns about 47% of BMW shares, and Stefan and Susan are on the board of directors of the automaker.

Samsung

Owner: Lee Gong Hee

Condition assessment:$ 13 billion

Lee Gong Hee, 71, is the third son of Samsung founder Lee Byung Chol. Lee Gong Hee joined the Samsung Group in 1968 at the age of 26, and in 1987, after his father's death, became the head of a Korean industrial conglomerate. According to Businessweek, Samsung Group's annual revenue is equivalent to 17% of South Korea's GDP. The pearl of the industrial conglomerate is Samsung Electronics, which ranks 14th in Fortune magazine's ranking of the world's largest corporations. In 2009, Lee Hong-hee was sentenced to three years in prison and a suspended fine of more than $ 90 million for damaging the company, but was later pardoned by the South Korean president. In 2012-2013, Lee Gong Hee had to fight off legal claims from other heirs of Lee Byung Chol, who demanded a stake in Samsung Group companies. So far he has managed to defend his position.

Also Lee Gong Hee is a member of the International Olympic Committee from South Korea. Korean Pyeongchang has applied three times to host the Winter Olympics, and for the third time, the application was victorious: the 2018 Games will be held here.

Miller, Grolsch, Pilsner Urquell

Owner: Alejandro Santo Domingo Davila

Condition assessment:$ 11.7 billion

Son of Julio Mario Santo Domingo, Colombian billionaire and beer mogul. In 2005, Santo Domingo traded a controlling stake in Colombian brewery Bavaria for a stake in the combined holding SABMiller, which became the world's second largest beer producer with over $ 34 billion in revenue in fiscal 2013. Alejandro took over the family business after his father's death in 2011, and two years earlier his older brother Julio Mario Santo Domingo Jr. died of cancer.

Heineken

Owner: Charlene de Corvalho-Heineken

Condition assessment:$ 11 billion

Another heiress on our list: 59-year-old Charlene is the only daughter of Dutch businessman Alfred Heineken and great-granddaughter of company founder Gerard Heineken. Charlene owns about 25% of the world famous brewing company, and her husband, investment banker Michelle de Corvalho sits on the board of directors (in his youth, de Corvalho played one of the roles in the film Lawrence of Arabia).

Chanel

Owners: Gerard and Alain Wertheimer

Condition assessment:$ 8 billion

Brothers Alain and Gerard Wertheimer own the Chanel brand. The company was founded in 1909 by their grandfather Pierre Wertheimer, who gradually bought out the share of his partner Gabriel (Coco) Chanel, who gave the company the name. In addition to clothing, Chanel sells perfume, cosmetics, jewelry and watches. Alain, who lives in the USA, is the chairman of the board of the company, and Gerard, who lives in Switzerland, heads the watchmaking department. Both brothers are very withdrawn and do not give interviews.

Lego

Owner: Kjeld Kirk Christiansen

Condition assessment:$ 7.3 billion

The grandson of the founder of the toy company, Ole Kirk Christiansen. In 1979, at the age of 32, he took over the family business, and in 2004 he retired as president of the Lego Group, retaining his seat on the board of directors. The Lego Group's board of directors also includes his son Thomas Kirk Christiansen.

Hyundai

Owner: Jung Mon Goo

Grade:$ 6.3 billion

The 75-year-old son of the founder of the Korean chaebol Hyundai, Jung Joo Yong, has been the head of Hyundai Motor Company since 2000, a manufacturer of Hyundai and Kia automobiles. In 2012, the Korean company sold about 4.4 million vehicles. One of Jung Mon Goo's brothers is Jung Mon Jun, also a billionaire, co-owner of the shipbuilding company Hyundai Heavy Industries and a member of the South Korean parliament - the National Assembly. Two more brothers committed suicide, and one died in car accident.

Corona

Owner: Maria Asuncion Aramburuzabala

Condition assessment:$ 5 billion (includes family assets)

The granddaughter of the founder of the Mexican brewing company Grupo Modelo, whose main asset is the Corona brand. After the death of her father in 1995, Maria and her sister joined forces to prevent outside investors from buying Grupo Modelo. Nevertheless, in 2012, Anheuser-Busch InBev announced its readiness to buy 50% of Grupo Modelo for $ 20.1 billion (another 50% were already owned by AB InBev). But the deal was opposed by the US Department of Justice, believing that it could violate antitrust laws. As a result, the deal was closed only in June 2013, and Anheuser-Busch InBev sold the American business of Grupo Modelo to Constellation Brands, which also received the rights to use the Corona brand in the United States. Meanwhile, Maria Asuncion and her family have invested in the IT business and the company of billionaire Tory Burch.

Victoria "s Secret

Owner: Leslie Wexner

Condition assessment:$ 4.5 billion

In 1963, Wexner founded The Limited, a clothing store chain, with a $ 4,000 loan from his own aunt; six years later, he made Limited Brands public. In 1982, Wexner bought Victoria's Secret from founder Roy Raymond for just $ 1 million, and is now estimated at $ 6.1 billion in revenue. Victoria's Secret recently successfully embarked on a long-awaited international expansion.

As a graduate of Ohio State University, Wexner continues to generously support students and professors, although he recently retired from the university's board of trustees. In 1989, Wexner donated $ 75 million to the university medical center that was named after him.
Wexner is a passionate collector contemporary art, he owns numerous works by Picasso, Matisse, Degas and De Kooning. He also owns the Limitless 315ft yacht.

Radisson, TGI Friday "s

Owners: Barbara Carlson Cage and Marilyn Carlson Nelson

Condition assessment:$ 4.1 billion each

Daughter of Kurt Carlson, who founded the Gold Bond Stamp Company (now called Carlson) in 1938 with a $ 55 loan. The family's first business was grocery stores. In 1962, the company acquired the first Radisson hotel in Minneapolis, and in 1975 the fast food chain TGI Friday's. After the death of Kurt Carlson in 1999, his daughter Marilyn Carlson Nelson took over the management of the company, and in 2008 she ceded the position of chairman of the board of directors Carlson to her daughter Diane Nelson, while Barbara Carlson Cage is mainly involved in charitable projects. Carlson currently operates more than 1,300 Radisson, Park Inn and Park Plaza hotels and over 900 TGI Friday's restaurants.

Subway

Owner: Fred DeLuca

Condition assessment:$ 2.6 billion

In 1965, 17-year-old Fred DeLuca opened the first sandwich shop to raise money for university studies. Family friend Peter Buck lent him $ 1000 for the business. In 1968, the chain received its modern name Subway, and 10 years later it had 100 fast food outlets. Now the Subway chain has more than 40,000 restaurants in 102 countries of the world.

Marvel

Owner: Isaac Perlmutter

Condition assessment:$ 2.4 billion

Iron Man, Spider-Man, Captain America, Hulk, The Avengers are all part of the comic universe of Marvel Entertainment, which is headed by 70-year-old Isaac Perlmutter. After serving in the Israeli army, he set out to conquer the United States with $ 250 in his pocket. One of his first businesses were discount stores. In 1997, Perlmutter won a battle for control of Marvel Comics, which was in the process of bankruptcy, from activist investor Carl Icahn. Under Perlmutter, the company experienced a new heyday, and in 2009 he sold it to Disney for $ 4.2 billion, while retaining the CEO position.

Samsung is a whole industrial concern. The giant was founded back in 1938.

1938 Korean entrepreneur Lee Byung-chol manages to register the Samsung Trading Company trademark. Initially, his company was exporting rice, sugar and dry fish from Korea to China and Manchuria.

Samsung's name is not Korean. Lee Byungchol named his venture because he had far-reaching plans. At the onset of the 50s, the ambitious Korean planned to develop partnerships with the countries of North America.

During World War II, when American troops landed in Europe, Samsung began supplying rice vodka and beer to the American military. However, the fierce Korean War that erupted in the 1950s stalled the company's growth. The alcohol business was shut down, and many factories were simply destroyed.

Revival

After the end of the Korean War, the new government began to implement large-scale economic reforms. In order to raise the country's economy, it was decided to provide the largest entrepreneurs with state orders. They were also provided with huge tax and legal benefits. It was during this period that such Korean giants as Daewoo, Hyundai, Goldstar (LG) were created.

Each company had its own specialization. Daewoo was engaged in the production of cars, Hyundai in construction, Samsung began to manufacture electronics, LG was engaged in the production of various electronics.

The company made another breakthrough when, in 1969, after merging with Sanyo, it began to produce the first black and white televisions. At that time, only 2% of Koreans had TVs at home.

The merger of the two companies became the basis for the creation of a large division - Samsung Electronics.

However, already in the 80s the company had to go through a major crisis. The economic downturn of the eighties nearly cost the company a collapse.

Samsung had to get rid of several non-core divisions, as well as reduce the number of subsidiaries.

Big changes

The next chapter in the history of the company began with the arrival of a new leader - Lee Hong Hee. He proposed a wide range of reforms, which involved a complete restructuring of the company and a change in all management fundamentals.

The company was also expecting a complete change in the field of marketing. The company strategy and logo were completely revised. It was then that the world saw the modern Samsung logo.

Today, to all students who are studying to be advertisers, they speak of Samsung's rebranding as one of the most successful in history. A stunning design and a large-scale advertising campaign around the world did their job. Now the Samsung logo is considered the most recognizable in the world.

In 1983, the company started manufacturing personal computers. In 1992 - 1993, the company's developers completed work on the first personal mobile devices.

According to marketing research conducted by international agencies, Samsung is in 21st place in terms of total brand value. The Samsung brand is valued at nearly $ 17 billion.

The Samsung Group has many business units that focus on microelectronics manufacturing, chemical manufacturing, construction, and more.

The structure of the company consists in a complete (closed) production cycle of various electronics.

According to research, Samsung ranks first in the United States in terms of sales mobile phones... The company is a leader in the European mobile phone market and is ahead of its main competitor Swedish company Nokia.

Samsung is a group of companies founded in 1938 in South Korea. It is known in the world market as a manufacturer of household appliances, electronics and components. Samsung's businesses include electronics, shipbuilding, finance, chemistry, entertainment, and even aircraft.

Samsung's history began in the early 1930s. Entrepreneur Lee Byung Chol started his own rice flour business, and it is from his first warehouse in Daegu that the company's history begins. With all the difficulties of private enterprise in Korea, which at that time was a Japanese colony, Lee Ben Chol was able by 1938 to establish his own sales channel from Korea to China and Manchuria. The active development of the supply of food products such as rice, sugar and dried fish made it possible to officially register the Samsung Trading Company.

After the Korean War, due to the growth of the Korean economy, the structure of Samsung has changed. The merger of Sanyo and Samsung marked the beginning of one of the largest sectors of the Samsung Group - Samsung Electronics. Approaches in marketing were changed, the mission of the company was revised and its symbol was changed. The first two logos of the company featured three red stars. Samsung's management considered the former logo inappropriate to the image of an international corporation. Then the modern emblem appeared, which is the well-known dynamically inclined blue ellipse with the name written inside.

In 1983, the production of personal computers was opened.

In 1991-1992, the development of the first line of mobile phones was completed.

In 1999, Samsung Electronics was awarded the Forbes magazine Global in the consumer electronics industry.

Today Samsung Group includes many divisions that are responsible for various areas of activity. More than 70% of the group's sales are in electronics. Companies in this division include: Samsung SDI, Samsung SDS, Samsung Electro-Mechanics, Samsung Networks, Samsung Electronics.

The structure of the chemical industry division includes five enterprises: Samsung Total Petrochemicals, Samsung Petrochemicals, Samsung Fine Chemicals, Samsung BP Chemicals. The industry brings the concern about $ 5 million a year due to the production of polyethylene, polypropylene, styrene monomer, paraxylene, as well as fuel.

There are only two divisions of the company operating in the heavy industry: Samsung Heavy Industries and Samsung Techwin. Only one company of the concern is engaged in construction: Samsung Engineering. The division builds offices and factories for the Samsung Group around the world and rarely outsourced orders. The non-core activity of the company is the automotive industry, while all assembled cars are used only for the domestic market.

The financial sector of the conglomerate includes as many as six companies: Samsung Life Insurance Samsung Fire & Marine Insurance, Samsung Card Samsung, Samsung Securities, Investment Trust Management, Samsung Venture Investment.
Founded in 1973, Cheil Communications is responsible for the marketing support of the concern.

The entertainment and leisure industry is represented in the conglomerate by two companies: Samsung Everland and The Shilla Hotels & Resorts, which has been operating since 1979.

The company's turnover in 2011 amounted to $ 143.1 billion. The net profit in 2010 is $ 21.2 billion. The number of employees is about 222 thousand.

Key figures Lee Honghee (Chairman of Samsung Electronics) Industry Conglomerate Products and services electronics
Appliances
shipbuilding
aircraft construction
finance
chemistry
entertainment
Turnover ▲ $ 399.2 billion () Net profit ▲ $ 56.889 billion () Affiliated companies Samsung Electronics, Samsung Heavy Industries, Samsung C&T Corporation [d], Samsung Techwin [d], Samsung Life Insurance [d], Samsung Engineering [d], Samsung SDS [d], Samsung SDI, Samsung (Japan) [d], Samsung (Israel) [d], Samsung (Brazil) [d], Samsung Commercial Vehicles [d], Renault Samsung Motors, Bean Pole International [d], Cheil Worldwide [d], Harman (JBL; Harman / Kordon; AKG; Revel; Infinity Audio; Mark Levinson; Lexicon) and Samsung Advanced Institute of Technology [d] Site samsung.com Samsung at Wikimedia Commons

We use the human and technological resources of the company to create superior quality products and services, thereby contributing to the improvement of the global state of society.

history of the company

Etymology

According to the founder of Samsung, the meaning of the Korean Hanj word Samsung (三星) is "three stars" or "three stars." The word "three" represents something "big, numerous and powerful."

Group structure and financial condition

According to market research conducted annually by the consulting company Interbrand, Samsung is in 6th place in terms of total brand value, as of 2018.

Samsung Group Financials 2006:

Growth trends in the group's sales according to the company's annual reports:

General view of the profit distribution structure of the Samsung Group according to the 2006 report:

Division's scope Subdivision name Division sales, USD bln % of total sales
Electronics industry Samsung Electronics
Samsung SDI
Samsung Electro-Mechanics
Samsung SDS
Samsung Networks
63,4
7,15
2,58
2,26
0,598
39,90
4,50
1,62
1,42
0,38
Chemical industry Samsung Total Petrochemicals
Samsung Petrochemicals
Samsung Fine Chemicals
Samsung BP Chemicals
3,5
1,5
0,802
0,292
2,20
0,94
0,50
0,18
Finance and insurance Samsung Life Insurance
Samsung Fire & Marine Insurance
Samsung Card
Samsung Securities
Samsung Investment Trust Management
29,1
8,76
2,36
1,31
0,08
18,31
5,51
1,49
0,82
0,05
Heavy industry Samsung Heavy Industries
Samsung Techwin
6,83
3,095
4,03
1,95
other activities Samsung Corporation
Samsung Engineering
Samsung Everland
Samsung Cheil Industries
The Shilla Hotels & Resorts
10,18
2,18
1,55
1,47
0,469
6,41
1,37
0,98
0,93
0,30

Companies belonging to the Samsung Group concern electronics and microelectronics, the chemical industry, construction, automotive, heavy industry, finance and loans, and insurance. The structure of the concern includes a full cycle of electronics production, from the extraction of resources, their processing and ending with finished products. Most of the conglomerate's divisions perform subordinate functions in relation to companies engaged directly in the manufacture of finished electronic products, and work exclusively for the concern or only within South Korea. This feature is clearly visible from the distribution of profits by divisions, thus, the main income of the concern comes from the electronics industry.

Electronics industry

More than 70% of the group's sales are in the electronics industry.

Companies of this division:

  • Samsung Electronics
  • Samsung SDI
  • Samsung Electro-Mechanics
  • Samsung SDS
  • Samsung Networks

The company's electronics industry divisions operate around the world, most of the products are exported. The breakdown of Samsung electronics industry business by region is as follows:

The divisions are engaged in the production of hard disks (HDD), random access memory, SRAM (including for the production of chips for video cards and processors), LCD monitors, LCD and plasma TVs, mobile phones of GSM, CDMA, 3G standards and with WiMAX support, equipment for IP - telephony, laptops, printers, MFPs, household appliances, etc., the development of third and fourth generation wireless telecommunication networks, WiMAX.

Distribution of Samsung electronics industry business by technological areas:

One of the most important areas, as already noted, is the creation of LCD panels (monitors) and TVs, as evidenced by the ubiquity of production. Plants for the manufacture of monitors Samsung Electronics are located in South Korea (Suwon) (), Hungary (), Malaysia (), Great Britain (1995), Mexico (), China (1998), Brazil (1998), Slovakia (2002), India (2001), Vietnam (2001), Thailand (2001), Spain (2001), Russia (2008).

The main production in the suburbs of Seoul is loaded with the production of displays of the highest quality (of all the ones produced by the concern), and the 6 sigma control system has been introduced at this enterprise. Here they develop new models, test them, create the first series of products, and after a successful implementation, they distribute the load on the manufacture of a new product between factories around the world. This standard has been introduced at most of the plants of the concern, for example, it is the corporate strategy for the work of the Samsung SDI division.

Chemical industry

The structure of the chemical industry division includes five enterprises:

  • Samsung Total Petrochemicals (international company, joint venture with Total Group)
  • Samsung Petrochemicals
  • Samsung Fine Chemicals
  • Samsung BP Chemicals (international company, joint venture with BP Chemicals)

The industry brings the concern about $ 5 billion a year. Samsung Total Petrochemicals is the most big company of the concern, engaged in the chemical industry, it is a joint venture between the Samsung Group and the French company Total Group, which operates in the field of energy and chemistry. The petrochemical complex consists of 15 factories located in Daesan (South Korea), which produce household chemicals, chemicals for general consumption, basic chemicals:

  • paraxylene
  • LPG, fuel

Heavy industry

In the field of heavy industry, there are two divisions of the concern:

  • Samsung Heavy Industries
  • Samsung Techwin

The division brings about 10% of the concern's profits, since it mainly works on the domestic market of South Korea, in addition, part of the export goes to the United States and China. oil and gas pipelines, tankers. Major projects include the development of the KTX2 multipurpose training aircraft, the K9 self-propelled howitzer, and the creation of the world's largest liquefied gas tanker and container ship Xin Los Angeles.

Construction

One company of the concern is engaged in construction:

  • Samsung Engineering

The industry brings the concern about $ 2 billion a year. The division builds offices and factories for the Samsung Group around the world, and outsourcing is rare. Among the structures developed and designed by this company, it is worth noting the head office building of Samsung Group in Seoul, the tallest building in the world - Burj Khalifa in the United Arab Emirates, Petronas Towers in the capital of Malaysia Kuala Lumpur, Taipei 101 in Taiwan, Lakhta center "in St. Petersburg.

Automotive

One of the non-core divisions of the concern is the automotive industry, one enterprise is employed in this area:

  • Samsung Motors (Renault Samsung Motors) - 2000.

Light industry

Samsung Cheil Industries, founded in 1954 as a textile manufactory, has been successfully transformed into a fashion industry leader in the South Korean market, as well as a manufacturer of chemical materials: synthetic resins (ABS, PS) and compounds for the manufacture of semiconductor displays. This company produces fashionable Korean clothing brands such as Bean Pole, Galaxy, Rogatis and LANSMERE.

Marketing and advertising

Entertainment and Leisure Industry

The entertainment and recreation industry is represented in the conglomerate by two companies:

Everland Resort is located in Yongin, a suburb of Seoul. It is the largest entertainment complex in South Korea. The Shilla Hotels & Resorts is a five-star hotel chain operating in a strategic alliance with Taj Hotels Resorts and Palaces (India). Shilla is ranked in the top ten by various travel agencies best hotels the world.

Payment system

In September 2015, Samsung launched its own payment system in the United States, Samsung Pay.

It allows you to make cashless payments using your smartphone. To implement this possibility, NFC technologies are used simultaneously (to make a payment, you need to bring your smartphone very close to the terminal) and MST, which allows you to use your smartphone as a regular plastic card with a magnetic stripe. To do this, the device provides an innovative induction technology capable of generating a magnetic field similar to bank card... The terminal recognizes the field as a regular card and executes the transaction.

Sponsorship and charitable activities

Sports sponsorship

Samsung is the owner of a professional football team Suwon Samsung Bluewings, Samsung Lions Baseball Team, Seoul Samsung Thunders Basketball Team, Samsung Bichumi Women's Basketball Team, Samsung Bluefangs Volleyball Team, StarCraft Pro-Game Samsung Khan Team.

As part of supporting the sports movement, Samsung acts as an official sponsor of the Olympic Games, sponsors the Russian Olympic team, supports the Youth Olympic Team of Russia, and also organizes the Running Festival (since 1995), the Russian President's Golf Cup and many other sports projects.

Supporting the Olympic Movement

Samsung's involvement in the Olympic Movement began in 1988 when the company became the National Sponsor of the Seoul Olympic Games. Since the 1998 Winter Olympics in Nagano, the company has joined the group of World Olympic Partners. The company is the official sponsor of:

  • Summer Olympic Games in London in 2012;
  • the 2014 Winter Olympics in Sochi;
  • Summer Olympic Games 2016 in Rio de Janeiro.
  • Winter Olympic and Paralympic Games 2018 in PyeongChang.

Samsung and Chelsea Football Club

The decision to cooperate was made in order to strengthen the position of the company in the field of telecommunication technologies in the European market.

In July 2009, the company and the football club came to a new mutual agreement. The previous agreement was valid until 2010, but it was decided to prolong the agreement for another three years. According to the club's official website, the amount of the deal has been increased, but the exact numbers have not been disclosed.

Sponsorship in art and literature

7 years ago

It is simply impossible to imagine that some of the Russians have not heard about the Samsung Group. This industrial concern has long gained fame as a manufacturer of high-tech components, telecommunications equipment, household appliances, audio and video devices.

Samsung, founded back in 1938 in South Korea by entrepreneur Lee Byung Chul, has gained recognition from buyers all over the world over the years. Samsung in translation means "three stars". And this trade mark, registered in 1948, flaunted on the first two logos.

However, Samsung Electronics entered the semiconductor market and began to grow rapidly as a member of the high-tech industry only in 1969. As a result, Samsung has grown from a small family-owned rice flour business to a global corporation.

The main enterprises of Samsung Electronics in South Korea are located in Gumi and Suwon. We can say that enterprises in these cities are city-forming. However, some experts, not without reason, believe that enterprises are so large that they are cities in themselves. And a conveyor belt works non-stop at these enterprises. They produce high-quality products around the clock, in three shifts and seven days a week.

It must be admitted that for the Russian consumer, the Samsung concern is, first of all, all kinds of electronics. Samsung is in the electronics industry and is currently developing very actively. In the sense that under the Samsung brand, displays, mobile devices, telecommunications systems, household electronic devices, IT solutions, digital photographic equipment, semiconductors and LCD monitors are produced and sent to all ends of the planet.

All this product in the widest range can be bought in Russian stores. In addition to the electronics industry, Samsung Group is also engaged in a number of other industries: chemical, finance and insurance, heavy industry.

In addition to these industries, Samsung Group companies operate in several other industries. For example, in construction, automotive, shipbuilding, medicine and light industry. Their contribution to the concern's turnover is not large, but it must be admitted that some of these companies are very noticeable in their markets.

Samsung Group today is a huge concern, which includes several dozen companies. Of course, the interests of the concern lie in a number of industries, but approximately half of the total turnover of the concern is provided by the electronics industry.