5/5 Anurag A. 6 years ago on Google ⢠76 reviews
Kind
and
helpful
for
us.
Samsung
was
founded
by Lee
Byung-chul in
1938
as
a trading
company.
Over
the
next
three
decades,
the
group
diversified
into
areas
including
food
processing,
textiles,
insurance,
securities
and
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.
Following
Lee's
death
in
1987,
Samsung
was
separated
into
four
business
groups â
Samsung
Group, Shinsegae Group, CJ
Group and Hansol Group.
Since
1990,
Samsung
has
increasingly
globalised
its
activities
and
electronics;
in
particular,
its
mobile
phones
and
semiconductors
have
become
its
most
important
source
of
income.
Notable
Samsung
industrial
affiliates
include Samsung
Electronics (the world's
2nd
largest
information
technology
company measured
by
2015
revenues,
and
5th
in
market
value),[4]Samsung
Heavy
Industries (the
world's
2nd
largest shipbuilder measured
by
2010
revenues),[5] and Samsung
Engineering and Samsung
C&TÂ (respectively
the
world's
13th
and
36th
largest
construction
companies).[6]Other
notable
subsidiaries
include Samsung
Life
Insurance (the
world's
14th
largest
life
insurance
company),[7]Â Samsung
Everland (operator
of
Everland
Resort,
the
oldest theme
park in
South
Korea)[8] and Cheil
Worldwide (the
world's
15th
largest
advertising
agency
measured
by
2012
revenues).[9][10]
Samsung
has
a
powerful
influence
on
South
Korea's
economic
development,
politics,
media
and
culture
and
has
been
a
major
driving
force
behind
the
"Miracle
on
the
Han
River".[11][12]Â Its
affiliate
companies
produce
around
a
fifth
of
South
Korea's
total
exports.[13]Â Samsung's
revenue
was
equal
to
17%
of
South
Korea's
$1,082
billion
GDP.[14]
Samsung
Techwin was
listed
on
the
Korea
Exchange
stock-exchange
(number
012450),
with
its
principal
activities
being
the
development
and
manufacture
of surveillance, aeronautics, optoelectronics, automations and weapons
technology.
It
was
announced
to
be
sold
to Hanwha
Group in
December
2014[81]Â and
the
take-over
completed
in
June
2015.[82]
Samsung
Thales
Samsung
Thales
Co.,
Ltd.
(until
2001
known
as
Samsung
Thomson-CSF
Co.,
Ltd.)
was
a
joint
venture
between
Samsung
Techwin
and
the
France-based
aerospace
and
defence
company Thales.
It
was
established
in
1978
and
is
based
in
Seoul.[83]Â Samsung's
involvement
was
passed
on
to
Hanwha
Group
as
part
of
the
Techwin
transaction.[82]
Samsung
General
Chemicals
Samsung
Total
Samsung
Total was
a
50:50
joint
venture
between
Samsung
and
the
France-based
oil
group Total
S.A. (more
specifically
Samsung
General
Chemicals
and
Total
Petrochemicals).
Samsung's
role
was
passed
on
to
Hanwha
Group
when
the
latter
acquired
Samsung
General
Chemicals.[82]