Samsung - Wikipedia

The Samsung Group (or simply Samsung, stylized as SΛMSUNG) (Korean: 삼성 [samsʌŋ]) is a South Korean multinational manufacturing conglomerate headquartered ... Samsung FromWikipedia,thefreeencyclopedia Jumptonavigation Jumptosearch SouthKoreanmultinationalconglomerate Thisarticleisabouttheconglomerate.Forthepubliclytradedconsumerelectronicssubsidiary,seeSamsungElectronics. NottobeconfusedwithSamsun,Samson,Sanson,orSampson. SamsungGroupSamsungTownintheGangnamstationareaofSeoul,SouthKoreaNativename삼성(三星)Romanizednamesamseong(samseong)TypePrivateIndustryConglomerateFounded1 March1938;84yearsago (1938-03-01)inDaegu,JapaneseKoreaFounderLeeByung-chulHeadquarters40thfloorSamsungElectronicsBuilding,11,Seocho-daero74-gil,SeochoDistrict,Seoul,SouthKorea[1]AreaservedWorldwideKeypeopleLeeJae-yong(Chairman)ProductsClothing,automotive,chemicals,consumerelectronics,electroniccomponents,medicalequipment,semiconductors,solidstatedrives,DRAM,flashmemory,ships,telecommunicationsequipment,homeappliances[2]ServicesAdvertising,construction,entertainment,financialservices,hospitality,informationandcommunicationstechnology,medicalandhealthcareservices,retail,shipbuilding,semiconductorfoundrySubsidiariesSamsungElectronicsSamsungElectro-MechanicsSamsungSDISamsungSDSSamsungEngineeringSamsungC&TCorporationSamsungHeavyIndustriesSamsungLifeInsuranceSamsungFire&MarineInsuranceCheilWorldwideSamsungBiologicsWebsiteSamsung.comSamsungHangul삼성Hanja三星RevisedRomanizationSamseongMcCune–ReischauerSamsŏng EconomyofSouthKorea History Five-YearPlans SaemaulUndong Heavy-ChemicalIndustryDrive MiracleontheHanRiver 1997Asianfinancialcrisis Businessculture Chaebol Tradepolicy Industries Currency Communications Tourism Transportation Financialservices Energy Regional RegionsbyGDPpercapita Relatedtopics Scienceandtechnology Cities vte TheSamsungGroup[3](orsimplySamsung,stylizedasSΛMSUNG)(Korean:삼성[samsʌŋ])isaSouthKoreanmultinationalmanufacturingconglomerateheadquarteredinSamsungTown,Seoul,SouthKorea.[1]Itcomprisesnumerousaffiliatedbusinesses,[1]mostofthemunitedundertheSamsungbrand,andisthelargestSouthKoreanchaebol(businessconglomerate).Asof2020,[update]Samsunghasthe8thhighestglobalbrandvalue.[4] SamsungwasfoundedbyLeeByung-chulin1938asatradingcompany.Overthenextthreedecades,thegroupdiversifiedintoareasincludingfoodprocessing,textiles,insurance,securities,andretail.Samsungenteredtheelectronicsindustryinthelate1960sandtheconstructionandshipbuildingindustriesinthemid-1970s;theseareaswoulddriveitssubsequentgrowth.FollowingLee'sdeathin1987,Samsungwasseparatedintofivebusinessgroups –SamsungGroup,ShinsegaeGroup,CJGroupandHansolGroup,andJoongangGroup. NotableSamsungindustrialaffiliatesincludeSamsungElectronics(theworld'slargestinformationtechnologycompany,consumerelectronicsmakerandchipmakermeasuredby2017revenues),[update][5][6]SamsungHeavyIndustries(theworld's2ndlargestshipbuildermeasuredby2010revenues),[update][7]andSamsungEngineeringandSamsungC&TCorporation(respectivelytheworld's13thand36thlargestconstructioncompanies).[8]OthernotablesubsidiariesincludeSamsungLifeInsurance(theworld's14thlargestlifeinsurancecompany),[9]SamsungEverland(operatorofEverlandResort,theoldestthemeparkinSouthKorea)[10]andCheilWorldwide(theworld's15thlargestadvertisingagency,asmeasuredby2012revenues).[update][11][12] Contents 1Etymology 2History 2.11938–1970 2.21970–1990 2.31990–2000 2.42000–present 3Influence 4Operations 4.1Leadership 4.2Affiliates 4.3Divested 4.4Defunct 4.5Jointventures 4.6Partiallyownedcompanies 5Acquisitionsandattemptedacquisitions 6Majorclients 6.1UnitedArabEmiratesgovernment 6.2Ontariogovernment 7Corporateimage 7.1Audiologo 7.2Font 8Sponsorships 9Controversies 9.1Laborabuses 9.2Unionbustingactivity 9.32007SlushFundscandal 9.4LeeKun-hee'sprostitutionscandal 9.5Supportingfar-rightgroups 9.6Pricefixing 9.7Misleadingclaims 10References 11Externallinks Etymology AccordingtoSamsung'sfounder,themeaningoftheKoreanhanjawordSamsung(三星)is"threestars".Theword"three"representssomething"big,numerousandpowerful",[13]while"stars"means"everlasting"or"eternal",likestarsinthesky.[14][15] History 1938–1970 LeeByung-chul,founderofSamsung In1938,duringJapanese-ruledKorea,LeeByung-chul(1910–1987)ofalargelandowningfamilyintheUiryeongcountymovedtonearbyDaegucityandfoundedMitsuboshiTradingCompany(株式会社三星商会(KabushikigaishaMitsuboshiShōkai)),orSamsungSanghoe(주식회사삼성상회).SamsungstartedoutasasmalltradingcompanywithfortyemployeeslocatedinSu-dong(nowIngyo-dong).[16]Itdealtindried-fish,[16]locally-growngroceriesandnoodles.ThecompanyprosperedandLeemoveditsheadofficetoSeoulin1947.WhentheKoreanWarbrokeout,hewasforcedtoleaveSeoul.HestartedasugarrefineryinBusannamedCheilJedang.In1954,LeefoundedCheilMojikandbuilttheplantinChimsan-dong,Daegu.Itwasthelargestwoollenmilleverinthecountry.[citationneeded] Samsungdiversifiedintomanydifferentareas.LeesoughttoestablishSamsungasaleaderinawiderangeofindustries.Samsungmovedintolinesofbusinesssuchasinsurance,securities,andretail. In1947,ChoHong-jai,theHyosunggroup'sfounder,jointlyinvestedinanewcompanycalledSamsungMulsanGongsa,ortheSamsungTradingCorporation,withtheSamsung'sfounderLeeByung-chull.Thetradingfirmgrewtobecomethepresent-daySamsungC&TCorporation.Afterafewyears,ChoandLeeseparatedduetodifferencesinmanagementstyle.Chowanteda30equityshare.SamsungGroupwasseparatedintoSamsungGroupandHyosungGroup,HankookTireandotherbusinesses.[17][18] Inthelate1960s,SamsungGroupenteredtheelectronicsindustry.Itformedseveralelectronics-relateddivisions,suchasSamsungElectronicsDevices,SamsungElectro-Mechanics,SamsungCorningandSamsungSemiconductor&Telecommunications,andopenedthefacilityinSuwon.Itsfirstproductwasablack-and-whitetelevisionset.[citationneeded] 1970–1990 TheSPC-1000,introducedin1982,wasSamsung'sfirstpersonalcomputer(soldintheKoreanmarketonly)andusedanaudiocassettetapetoloadandsavedata–thefloppydrivewasoptional.[19] In1980,SamsungacquiredtheGumi-basedHangukJeonjaTongsinandenteredtelecommunicationshardware.Itsearlyproductswereswitchboards.ThefacilitywasdevelopedintothetelephoneandfaxmanufacturingsystemsandbecamethecenterofSamsung'smobilephonemanufacturing.Theyhaveproducedover800millionmobilephonestodate.[20]ThecompanygroupedthemtogetherunderSamsungElectronicsinthe1980s. AfterLee,thefounder'sdeathin1987,SamsungGroupwasseparatedintofivebusinessgroups—SamsungGroup,ShinsegaeGroup,CJGroup,HansolGroupandtheJoongAngGroup.[21]Shinsegae(discountstore,departmentstore)wasoriginallypartofSamsungGroup,separatedinthe1990sfromtheSamsungGroupalongwithCJGroup(Food/Chemicals/Entertainment/logistics),HansolGroup(Paper/Telecom),andtheJoongAngGroup(Media).TodaytheseseparatedgroupsareindependentandtheyarenotpartoforconnectedtotheSamsungGroup.[22]OneHansolGrouprepresentativesaid,"Onlypeopleignorantofthelawsgoverningthebusinessworldcouldbelievesomethingsoabsurd",adding,"WhenHansolseparatedfromtheSamsungGroupin1991,itseveredallpaymentguaranteesandshare-holdingtieswithSamsungaffiliates."OneHansolGroupsourceasserted,"Hansol,Shinsegae,andCJhavebeenunderindependentmanagementsincetheirrespectiveseparationsfromtheSamsungGroup".OneShinsegaedepartmentstoreexecutivedirectorsaid,"ShinsegaehasnopaymentguaranteesassociatedwiththeSamsungGroup".[22] Inthe1980s,SamsungElectronicsbegantoinvestheavilyinresearchanddevelopment,investmentsthatwerepivotalinpushingthecompanytotheforefrontoftheglobalelectronicsindustry.In1982,itbuiltatelevisionassemblyplantinPortugal;in1984,aplantinNewYork;in1985,aplantinTokyo;in1987,afacilityinEngland;andanotherfacilityinAustin,Texas,in1996.Asof2012,SamsunghasinvestedmorethanUS$13,000,000,000intheAustinfacility,whichoperatesunderthenameSamsungAustinSemiconductor.ThismakestheAustinlocationthelargestforeigninvestmentinTexasandoneofthelargestsingleforeigninvestmentsintheUnitedStates.[23][24] In1987,UnitedStatesInternationalTradeCommissionorderthattheSamsungGroupofSouthKoreaunlawfullysoldcomputerchipsintheUnitedStateswithoutlicensesfromthechipinventor,TexasInstrumentsInc.TheorderrequiresSamsungtopayapenaltytoTexasInstrumentswithinthecomingweeks.Otherwise,salesofalldynamicrandomaccessmemorychipsmadebySamsungandallproductsusingthechipswouldbebannedintheUnitedStates.Thebanincludescircuitboardsandequipmentcalledsingle-in-linepackagesmadebyothercompaniesthatuseD-RAM'smadebySamsungwith64,000or256,000charactersofmemory.Italsocoverscomputers,facsimilemachinesandcertaintelecommunicationsequipmentandprintersbearingeitheroftheSamsungchips.[25] 1990–2000 Since1990,Samsunghasincreasinglyglobaliseditsactivitiesandelectronics;inparticular,itsmobilephonesandsemiconductorshavebecomeitsmostimportantsourceofincome.ItwasinthisperiodthatSamsungstartedtoriseasaninternationalcorporationinthe1990s.Samsung'sconstructionbranchwasawardedcontractstobuildoneofthetwoPetronasTowersinMalaysia,Taipei101inTaiwanandtheBurjKhalifainUnitedArabEmirates.[26]In1993,LeeKun-heesoldofftenofSamsungGroup'ssubsidiaries,downsizedthecompany,andmergedotheroperationstoconcentrateonthreeindustries:electronics,engineeringandchemicals.In1996,theSamsungGroupreacquiredtheSungkyunkwanUniversityfoundation. Samsungbecametheworld'slargestproducerofmemorychipsin1992andistheworld'ssecond-largestchipmakerafterIntel(seeWorldwideTop20SemiconductorMarketShareRankingYearbyYear).[27]In1995,itcreateditsfirstliquid-crystaldisplayscreen.Tenyearslater,Samsunggrewtobetheworld'slargestmanufacturerofliquid-crystaldisplaypanels.Sony,whichhadnotinvestedinlarge-sizeTFT-LCDs,contactedSamsungtocooperate,and,in2006,S-LCDwasestablishedasajointventurebetweenSamsungandSonyinordertoprovideastablesupplyofLCDpanelsforbothmanufacturers.S-LCDwasownedbySamsung(50%plusoneshare)andSony(50%minusoneshare)andoperatesitsfactoriesandfacilitiesinTanjung,SouthKorea.Asof26December2011,itwasannouncedthatSamsunghadacquiredthestakeofSonyinthisjointventure.[28] ComparedtoothermajorKoreancompanies,Samsungsurvivedthe1997Asianfinancialcrisisrelativelyunharmed.However,SamsungMotorwassoldtoRenaultatasignificantloss.Asof2010[update],RenaultSamsungis80.1percentownedbyRenaultand19.9percentownedbySamsung.Additionally,Samsungmanufacturedarangeofaircraftfromthe1980stothe1990s.Thecompanywasfoundedin1999asKoreaAerospaceIndustries(KAI),theresultofamergerbetweenthenthreedomesticmajoraerospacedivisionsofSamsungAerospace,DaewooHeavyIndustriesandHyundaiSpaceandAircraftCompany.However,Samsungstillmanufacturesaircraftenginesandgasturbines.[29] 2000–present TheprominentSamsungsigninTimesSquare,NewYorkCity In2000,Samsung[who?]openedadevelopmentcenterinWarsaw,Poland.Itsworkbeganwithset-top-boxtechnologybeforemovingintodigitalTVandsmartphones.Thesmartphoneplatformwasdevelopedwithpartners,officiallylaunchedwiththeoriginalSamsungSolstice[30]lineofdevicesandotherderivativesin2008,whichwaslaterdevelopedintoSamsungGalaxylineofdevicesincludingNotes,Edgeandotherproducts. TheSamsungGroup'schairman,LeeKun-hee(left),withSouthKoreanPresidentParkGeun-hye,2013 In2007,formerSamsungchieflawyerKimYongChulclaimedthathewasinvolvedinbribingandfabricatingevidenceonbehalfofthegroup'schairman,LeeKun-hee,andthecompany.KimsaidthatSamsunglawyerstrainedexecutivestoserveasscapegoatsina"fabricatedscenario"toprotectLee,eventhoughthoseexecutiveswerenotinvolved.Kimalsotoldthemediathathewas"sidelined"bySamsungafterherefusedtopaya$3.3 millionbribetotheU.S.FederalDistrictCourtjudgepresidingoveracasewheretwooftheirexecutiveswerefoundguiltyonchargesrelatedtomemorychipprice-fixing.Kimrevealedthatthecompanyhadraisedalargenumberofsecretfundsthroughbankaccountsillegallyopenedunderthenamesofupto1,000Samsungexecutives—underhisownname,fouraccountswereopenedtomanage5billionwon.[31] In2010,Samsung[who?]announcedaten-yeargrowthstrategycenteredaroundfivebusinesses.[32]Oneofthesebusinesseswastobefocusedonbiopharmaceuticals,towhichhascommitted₩2,100,000,000,000.[33] Infirstquarterof2012,SamsungElectronicsbecametheworld'slargestmobilephonemakerbyunitsales,overtakingNokia,whichhadbeenthemarketleadersince1998.[34][35] On24August2012,nineAmericanjurorsruledthatSamsungElectronicshadtopayApple$1.05billionindamagesforviolatingsixofitspatentsonsmartphonetechnology.Theawardwasstilllessthanthe$2.5billionrequestedbyApple.ThedecisionalsoruledthatAppledidnotviolatefiveSamsungpatentscitedinthecase.[36]Samsungdecriedthedecisionsayingthatthemovecouldharminnovationinthesector.[37]ItalsofollowedaSouthKoreanrulingstatingthatbothcompanieswereguiltyofinfringingoneachother'sintellectualproperty.[38]Infirsttradingaftertheruling,SamsungsharesontheKospiindexfell7.7%,thelargestfallsince24October2008,to1,177,000Koreanwon.[39]ApplethensoughttobanthesalesofeightSamsungphones(GalaxyS4G,GalaxyS2AT&T,GalaxyS2Skyrocket,GalaxyS2T-Mobile,GalaxyS2Epic4G,GalaxySShowcase,DroidChargeandGalaxyPrevail)intheUnitedStates[40]whichwasdeniedbythecourt.[41] Asof2013,theFairTradeCommissionofTaiwanisinvestigatingSamsunganditslocalTaiwaneseadvertisingagencyforfalseadvertising.ThecasewascommencedafterthecommissionreceivedcomplaintsstatingthattheagencyhiredstudentstoattackcompetitorsofSamsungElectronicsinonlineforums.[42]SamsungTaiwanmadeanannouncementonitsFacebookpageinwhichitstatedthatithadnotinterferedwithanyevaluationreportandhadstoppedonlinemarketingcampaignsthatconstitutedpostingorrespondingtocontentinonlineforums.[43] In2015,SamsunghasbeengrantedmoreU.S.patentsthananyothercompany–includingIBM,Google,Sony,MicrosoftandApple.Thecompanyreceived7,679utilitypatentsthrough11December.[44] TheGalaxyNote7smartphonewentonsaleon19August2016.[45]However,inearlySeptember2016,Samsungsuspendedsalesofthephoneandannouncedaninformalrecall.Thisoccurredaftersomeunitsofthephoneshadbatterieswithadefectthatcausedthemtoproduceexcessiveheat,leadingtofiresandexplosions.Samsungreplacedtherecalledunitsofthephoneswithanewversion;however,itwaslaterdiscoveredthatthenewversionoftheGalaxyNote7alsohadthebatterydefect.SamsungrecalledallGalaxyNote7smartphonesworldwideon10October2016,andpermanentlyendedproductionofthephonethefollowingday.[46][47][48] In2018,Samsung[who?]launchedtheworld'slargestmobilemanufacturingfacilityinNoida,India,withguestofhonourincludingIndianPrimeMinisterNarendraModi.[49] Influence SamsunghasapowerfulinfluenceonSouthKorea'seconomicdevelopment,politics,mediaandcultureandhasbeenamajordrivingforcebehindthe"MiracleontheHanRiver".[50][51]ItsaffiliatecompaniesproducearoundafifthofSouthKorea'stotalexports.[52]Samsung'srevenuewasequalto17%ofSouthKorea's$1,082billionGDPin2013.[53] "YoucanevensaytheSamsungchairmanismorepowerfulthanthePresidentofSouthKorea.[South]KoreanpeoplehavecometothinkofSamsungasinvincibleandabovethelaw",saidWooSuk-hoon,hostofapopulareconomicspodcastinaWashingtonPostarticleheadlined"InSouthKorea,theRepublicofSamsung",publishedon9December2012.CriticsclaimedthatSamsungknockedoutsmallerbusinesses,limitingchoicesforSouthKoreanconsumersandsometimescolludedwithfellowgiantstofixpriceswhilebullyingthosewhoinvestigate.LeeJung-hee,aSouthKoreanpresidentialcandidate,saidinadebate,"Samsunghasthegovernmentinitshands.Samsungmanagesthelegalworld,thepress,theacademicsandbureaucracy".[54] Operations Thissectionhasmultipleissues.Pleasehelpimproveitordiscusstheseissuesonthetalkpage.(Learnhowandwhentoremovethesetemplatemessages) Thissectionneedsadditionalcitationsforverification.Pleasehelpimprovethisarticlebyaddingcitationstoreliablesources.Unsourcedmaterialmaybechallengedandremoved.(January2014)(Learnhowandwhentoremovethistemplatemessage) Thissectioncontainscontentthatiswrittenlikeanadvertisement.Pleasehelpimproveitbyremovingpromotionalcontentandinappropriateexternallinks,andbyaddingencyclopediccontentwrittenfromaneutralpointofview.(July2015)(Learnhowandwhentoremovethistemplatemessage) (Learnhowandwhentoremovethistemplatemessage) SamsungFire&MarineInsuranceHQ Samsungcomprisesaround80companies.[55]Itsactivitiesincludeconstruction,consumerelectronics,financialservices,shipbuildingandmedicalservices.[55] AsofApril2011,theSamsungGroupcomprised59unlistedcompaniesand19listedcompanies,allofwhichhadtheirprimarylistingontheKoreaExchange.[56] InFY2009,Samsungreportedconsolidatedrevenuesof220trillionKRW($172.5billion).InFY2010,Samsungreportedconsolidatedrevenuesof280trillionKRW($258billion),andprofitsof30trillionKRW($27.6billion)baseduponaKRW-USDexchangerateof1,084.5KRWperUSD,thespotrateasof19 August 2011[update].[57]TheseamountsdonotincludetherevenuesfromSamsung'ssubsidiariesbasedoutsideSouthKorea.[58] Leadership LeeByung-chul(1938–1966,1968–1987) LeeMaeng-hee(1966–1968),LeeByung-chul'sfirstson LeeKun-hee(1987–2008,2010–2020),LeeByung-chul'sthirdson LeeSoo-bin(2008–2010) Affiliates Samsung'sSiliconValleyheadquartersinSanJose,California SamsungElectronicsisamultinationalelectronicsandinformationtechnologycompanyheadquarteredinSuwonandtheflagshipcompanyoftheSamsungGroup.[59]Itsproductsincludeairconditioners,computers,digitaltelevisionsets,active-matrixorganiclight-emittingdiodes(AMOLEDs),mobilephones,displaymonitors,computerprinters,refrigerators,semiconductorsandtelecommunicationsnetworkingequipment.[60] Itwastheworld'slargestmobilephonemakerbyunitsalesinthefirstquarterof2012,withaglobalmarketshareof25.4%.[61]Itwasalsotheworld'ssecond-largestsemiconductormakerby2011revenues(afterIntel).[62] StecoisthejointventureestablishedbetweenSamsungElectronicsandJapan'sTorayIndustriesin1995.[63]ToshibaSamsungStorageTechnologyCorporation(TSST)isajointventurebetweenSamsungElectronicsandToshibaofJapanwhichspecialisesinopticaldiscdrivemanufacturing.TSSTwasformedin2004,andToshibaowns51percentofitsstock,whileSamsungownstheremaining49percent.SamsungElectronicsislistedontheKoreaExchangestockmarket(number005930). SamsungBiologicsisabiopharmaceuticaldivisionofSamsung,foundedin2011.Ithascontractdevelopmentandmanufacturing(CDMO)servicesincludingdrugsubstanceandproductmanufacturingandbioanalyticaltestingservices.ThecompanyisheadquarteredinIncheon,SouthKoreaanditsexistingthreeplantscomprisesthelargestbiologiccontractmanufacturingcomplex.ItexpandeditscontractdevelopmentservicelabtoSanFrancisco,U.S.SamsungBiologicsislistedontheKoreanExchangestockmarket(number207940).[64]SamsungBioepisisabiosimilarmedicineproducerandjointventurebetweenSamsungBiologics(50percentplusoneshare)andtheU.S.-basedBiogenIdec(50percent).[65][66]In2014,BiogenIdecagreedtocommercializefutureanti-TNFbiosimilarproductsinEuropethroughSamsungBioepis.[67] SamsungEngineeringisamultinationalconstructioncompanyheadquarteredinSeoul.ItwasfoundedinJanuary1969.Itsprincipalactivityistheconstructionofoilrefiningplants;upstreamoilandgasfacilities;petrochemicalplantsandgasplants;steelmakingplants;powerplants;watertreatmentfacilities;andotherinfrastructure.[68]Itachievedtotalrevenuesof9,298.2billionwon(US$8.06billion)in2011.[69]SamsungEngineeringislistedontheKoreaExchangestockmarket(number02803450). SamsungFire&MarineInsuranceisamultinationalgeneralinsurancecompanyheadquarteredinSeoul.[70]ItwasfoundedinJanuary1952asKoreaAnboFireandMarineInsuranceandwasrenamedSamsungFire&MarineInsuranceinDecember1993.[71]SamsungFire&MarineInsuranceoffersservicesincludingaccidentinsurance,automobileinsurance,casualtyinsurance,fireinsurance,liabilityinsurance,marineinsurance,personalpensionsandloans.[72]AsofMarch2011ithadoperationsin10countriesand6.5millioncustomers.SamsungFire&MarineInsurancehadatotalpremiumincomeof$11.7billionin2011andtotalassetsof$28.81billionon31March2011.ItisthelargestproviderofgeneralinsuranceinSouthKorea.SamsungFirehasbeenlistedontheKoreaExchangestockmarketsince1975(number000810).[72] SamsungHeavyIndustriesisashipbuildingandengineeringcompanyheadquarteredinSeoul.ItwasfoundedinAugust1974.Itsprincipalproductsarebulkcarriers,containervessels,crudeoiltankers,cruisers,passengerferries,materialhandlingequipmentsteelandbridgestructures.[73]Itachievedtotalrevenuesof13,358.6billionwonin2011andistheworld'ssecond-largestshipbuilderbyrevenues(afterHyundaiHeavyIndustries).[74][75]SamsungHeavyIndustriesislistedontheKoreaExchangestockmarket(number010140). SamsungLifeInsuranceisamultinationallifeinsurancecompanyheadquarteredinSeoul.ItwasfoundedinMarch1957asDongbangLifeInsuranceandbecameanaffiliateoftheSamsungGroupinJuly1963.[76]SamsungLife'sprincipalactivityistheprovisionofindividuallifeinsuranceandannuityproductsandservices.[77]AsofDecember2011ithadoperationsinsevencountries,8.08 millioncustomersand5,975employees.[76]SamsungLifehadtotalsalesof22,717billionwonin2011andtotalassetsof161,072 billionwonat31December2011.[76]ItisthelargestprovideroflifeinsuranceinSouthKorea.SamsungAirChinaLifeInsuranceisa50:50jointventurebetweenSamsungLifeInsuranceandChinaNationalAviationHolding.ItwasestablishedinBeijinginJuly2005.[78]SiamSamsungLifeInsurance:SamsungLifeInsuranceholdsa37percentstakewhiletheSahaGroupalsohasa37.5percentstakeinthejointventure,withtheremaining25percentownedbyThanachartBank.[79]SamsungLifeInsuranceislistedontheKoreaExchangestockmarket(number032830). SamsungSDIislistedontheKoreaExchangestock-exchange(number006400).On5December2012,theEuropeanUnion'santitrustregulatorfinedSamsungSDIandseveralothermajorcompaniesforfixingpricesofTVcathode-raytubesintwocartelslastingnearlyadecade.[80]SDIalsobuildslithium-ionbatteriesforelectricvehiclessuchastheBMWi3,andacquiredMagnaSteyr'sbatteryplantnearGrazin2015.[81]SDIbeganusingthe"21700"cellformatinAugust2015.[82]SamsungplanstoconvertitsfactoryinGöd,Hungarytosupply50,000carsperyear.[83]SamsungSDIalsoproducedCRTsandVFDdisplaysuntil2012.[84][85][86][87]SamsungSDIuseslithium-iontechnologyforitsphoneandportablecomputerbatteries.[88] SamsungSDSisamultinationalITServicecompanyheadquarteredinSeoul.ItwasfoundedinMarch1985.ItsprincipalactivityistheprovidingITsystem(ERP,ITInfrastructure,ITConsulting,ITOutsourcing,DataCenter).SamsungSDSisKorea'slargestITservicecompany.Itachievedtotalrevenuesof6,105.9 billionwon(US$5.71 billion)in2012.SamsungC&TCorporationislistedontheKoreaExchangestockmarket(000830).SamsungElectro-Mechanics,establishedin1973asamanufacturerofkeyelectroniccomponents,isheadquarteredinSuwon,Gyeonggi-do,SouthKorea.ItislistedontheKoreaExchangestockmarket(number009150).[89]SamsungAdvancedInstituteofTechnology(SAIT),establishedin1987,isheadquarteredinSuwonandoperatesresearchlabsaroundtheworld.[90] AceDigitechislistedontheKoreaExchangestockmarket(number036550).CheilIndustriesislistedontheKoreaExchangestockmarket(number001300).[91]CheilWorldwideislistedontheKoreaExchangestockmarket(number030000).CreduislistedontheKoreaExchangestockmarket(number067280).ImarketKoreaislistedontheKoreaExchangestockmarket(number122900).SamsungCardislistedontheKoreaExchangestockmarket(number029780). HotelShilla(alsoknownas"TheShilla")openedinMarch1979,followingtheintentionofthelateLeeByung-chul,thefounderoftheSamsungGroup.ShillaHotelsandResortsislistedontheKoreaExchangestockmarket(number008770).[92] SamsungEverlandcoversthethreemainsectorsofEnvironment&Asset,FoodCultureandResort. TheSamsungMedicalCenterwasfoundedon9November1994,underthephilosophyof"contributingtoimprovingthenation'shealththroughthebestmedicalservice,advancedmedicalresearchanddevelopmentofoutstandingmedicalpersonnel".TheSamsungMedicalCenterconsistsofahospitalandacancercenter,whichisthelargestinAsia.[93]Thehospitalislocatedinanintelligentbuildingwithfloorspaceofmorethan200,000squaremetersand20floorsabovegroundand5floorsunderground,housing40departments,10specialistcenters,120specialclinicsand1,306beds.The655-bedCancerCenterhas11floorsabovegroundand8floorsunderground,withfloorspaceofover100,000squaremeters.SMCisatertiaryhospitalmannedbyapproximately7,400staffincludingover1,200doctorsand2,300nurses.Sinceitsfoundationinthe1990s,theSamsungMedicalCenterhassuccessfullyincorporatedanddevelopedanadvancedmodelwiththemottoofbecominga"patient-centeredhospital",anewconceptinKorea.[94]SamsungdonatesaroundUS$100millionperannumtotheSamsungMedicalCenter.[95]ItincorporatesSamsungSeoulHospital,KangbukSamsungHospital,SamsungChangwonHospital,SamsungCancerCenterandSamsungLifeSciencesResearchCenter.In2010,theSamsungMedicalCenterandpharmaceuticalmultinationalPfizeragreedtocollaborateonresearchtoidentifythegenomicmechanismsresponsibleforclinicaloutcomesinhepatocellularcarcinoma.[96][97] SamsungTaepyeong-roHQinJungDistrict,Seoul SamsungEngineeringIndiaOffice-NewDelhi,India SamsungJapan'sregionalHQatRoppongi,Minato,Tokyo,Japan TheSamsungHub,formerly3ChurchStreet,isaskyscraperlocatedintheDowntownCoreofSingapore. Divested SamsungTechwinwaslistedontheKoreaExchangestock-exchange(number012450),withitsprincipalactivitiesbeingthedevelopmentandmanufactureofsurveillance(includingsecuritycameras),aeronautics,optoelectronics,automationsandweaponstechnology.ItwasannouncedtobesoldtoHanwhaGroupinDecember2014[98]andthetake-overcompletedinJune2015.[99]ItwaslaterrenamedHanwhaTechwin. SamsungThalesCo.,Ltd.(until2001knownasSamsungThomson-CSFCo.,Ltd.,CurrentlyownedbytheHanwhagroup)wasajointventurebetweenSamsungTechwinandtheFrance-basedaerospaceanddefencecompanyThales.Itwasestablishedin1978andisbasedinSeoul.[100]Samsung'sinvolvementwaspassedontoHanwhaGroupaspartoftheTechwintransaction.[99] SamsungGeneralChemicalswassoldtoHanwha.AnotherchemicaldivisionwassoldtoLotteCorporationin2016.[101][102] SamsungTotalwasa50/50jointventurebetweenSamsungandtheFrance-basedoilgroupTotalS.A.(morespecifically,SamsungGeneralChemicalsandTotalPetrochemicals).Samsung'sstakewasinheritedbyHanwhaGroupinitsacquisitionofSamsungGeneralChemicals.[99] Defunct In1998,SamsungcreatedaU.S.jointventurewithCompaq,calledAlphaProcessorInc.(API),tohelpitenterthehigh-endprocessormarket.TheventurewasalsoaimedatexpandingSamsung'snon-memorychipbusinessbyfabricatingAlphaprocessors.Atthetime,SamsungandCompaqinvested$500millioninAlphaProcessor.[103] GESamsungLightingwasajointventurebetweenSamsungandtheGELightingsubsidiaryofGeneralElectric.Theventurewasestablishedin1998andwasbrokenupin2009.[104] GlobalSteelExchangewasajointventureformedin2000betweenSamsung,theU.S.-basedCargill,theSwitzerland-basedDufercoGroup,andtheLuxembourg-basedTradearbed(nowpartoftheArcelorMittal),tohandletheironlinebuyingandsellingofsteel.[105] LogoofSamtron SamtronwasasubsidiaryofSamsunguntil1999whenitbecameindependent.Afterthat,itcontinuedtomakecomputermonitorsandplasmadisplaysuntil2003,SamtronbecameSamsungwhenSamtronwasabrand.In2003thewebsiteredirectedtoSamsung.[citationneeded] S-LCDCorporationwasajointventurebetweenSamsungElectronics(50%plusoneshare)andtheJapan-basedSonyCorporation(50%minusoneshare)whichwasestablishedinApril2004.On26December2011,SamsungElectronicsannouncedthatitwouldacquireallofSony'ssharesintheventure. Jointventures Thissectionneedsadditionalcitationsforverification.Pleasehelpimprovethisarticlebyaddingcitationstoreliablesources.Unsourcedmaterialmaybechallengedandremoved.(April2017)(Learnhowandwhentoremovethistemplatemessage) SamsungFineChemicalsislistedontheKoreaExchangestock-exchange(number004000). SamsungMachineToolsofAmericaisanationaldistributorofmachinesintheUnitedStates.SamsungGMMachineToolsistheheadofficeofChina,ItisanSMECLegalincorporatedcompany.[106] SamsungSecuritiesislistedontheKoreaExchangestock-exchange(number016360).[107] S-1wasfoundedasKorea'sfirstspecializedsecuritybusinessin1997andhasmaintaineditspositionatthetopofindustrywiththeconsistentwillingnesstotakeonchallenges.S1CorporationislistedontheKoreaExchangestock-exchange(number012750.KS).[108][109] State-runKoreaAgro-FisheriesTradeCorp.setuptheventure,aTGrainCo.,inChicago,withthreeotherSouthKoreancompanies,KoreaAgro-Fisheriesowns55percentofaTGrain,whileSamsungC&TCorp,HanjinTransportationCo.andSTXCorporationeachhold15percent.[110] BrooksAutomationAsiaCo.,Ltd.isajointventurebetweenBrooksAutomation(70%)andSamsung[who?](30%)whichwasestablishedin1999.Theventurelocallymanufacturesandconfigurevacuumwaferhandlingplatformsand300mmFront-OpeningUnifiedPod(FOUP)loadportmodules,anddesigns,manufacturesandconfiguresatmosphericloadingsystemsforflatpaneldisplays.[111] CompanyPOSS –SLPCs.r.o.wasfoundedin2007asasubsidiaryofSamsungC&TCorporation,SamsungC&TDeutschlandandthecompanyPOSCO.[112] SamsungBPChemicals,basedinUlsan,isa49:51jointventurebetweenSamsungandtheUK-basedBP,whichwasestablishedin1989toproduceandsupplyhigh-value-addedchemicalproducts.Itsproductsareusedinrechargeablebatteriesandliquidcrystaldisplays.[113][114][115] SamsungCorningPrecisionGlassisajointventurebetweenSamsung[who?]andCorning,whichwasestablishedin1973tomanufactureandmarketcathoderaytubeglassforblackandwhitetelevisions.Thecompany'sfirstLCDglasssubstratemanufacturingfacilityopenedinGumi,SouthKorea,in1996. SamsungSumitomoLEDMaterialsisaKorea-basedjointventurebetweenSamsungLEDCo.,Ltd.,anLEDmakerbasedinSuwon,Korea-basedandtheJapan-basedSumitomoChemical.TheJVwillcarryoutresearchanddevelopment,manufacturingandsalesofsapphiresubstratesforLEDs.[116] SDFlexCo.,Ltd.wasfoundedinOctober2004asajointventurecorporationbySamsung[who?]andDuPont,oneoftheworld'slargestchemicalcompanies.[117] SermatechKoreaowns51%ofitsstock,whileSamsung[who?]ownstheremaining49%.TheU.S.firmSermatechInternational,forabusinessspecializinginaircraftconstructionprocessessuchasspecialweldingandbrazing.[118] SiltronicSamsungWaferPte.Ltd,thejointventurebySamsungandwhollyownedWackerChemiesubsidiarySiltronic,wasofficiallyopenedinSingaporeinJune2008.[119] SMPLtd.isajointventurebetweenSamsungFineChemicalsandMEMC.In2011,MEMCElectronicMaterialsInc.andanaffiliateofKoreanconglomerateSamsungformedajointventuretobuildapolysiliconplant.[120] StemcoisajointventureestablishedbetweenSamsungElectro-MechanicsandTorayIndustriesin1995.[121] SBLiMotiveisa50:50jointcompanyofRobertBoschGmbH(commonlyknownasBosch)andSamsungSDIfoundedinJune2008.Thejointventuredevelopsandmanufactureslithium-ionbatteriesforuseinhybrid-,plug-inhybridvehiclesandelectricvehicles. Partiallyownedcompanies ThissectionmayrequirecleanuptomeetWikipedia'squalitystandards.Thespecificproblemis:subsectionsfartooshort,needtobemerged.Pleasehelpimprovethissectionifyoucan.(April2017)(Learnhowandwhentoremovethistemplatemessage) SamsungHeavyIndustriesowns10%oftheBrazilianshipbuilderAtlânticoSul,whoseAtlânticoSulShipyardisthelargestshipyardinSouthAmerica.TheJoaoCandido,Brazil'slargestship,wasbuiltbyAtlânticoSulwithtechnologylicensedbySamsungHeavyIndustries.[122]Thecompanieshaveatechnicalassistanceagreementthroughwhichindustrialdesign,vesselengineeringandotherknow-howisbeingtransferredtoAtlânticoSul.[123] SamsungLifeInsurancecurrentlyholdsa7.4%stakeintheSouthKoreanbankingcompanyDGBFinancialGroup,makingitthelargestshareholder.[124]DGBFinancialGroupisaKorea-basedcompanythatspecialisesinbanking.Thecompanyisdividedintosixsegmentsofoperationandeachsegment'sprimarysourceoffundscomefromgeneralpublicdeposits.[125] Samsung[who?]acquired7.4%ofGorillaGlassmakerCorning,signingalong-termsupplydeal.[126]CorningisanAmericancompanythatisexperiencedinglasschemistry,ceramicsscience,andopticalphysics,aswellasitsmanufacturingandengineering,tocreategoodsthatsupportindustriesandimprovelivingstandards.Corningiscommittedtolong-termresearchanddevelopment. SamsungHeavyIndustriescurrentlyholdsa14.1%stakeinDoosanEngine,makingitthesecond-largestshareholder.[127]DoosanGroupisaSouthKoreancompanyfoundin1896byParkSeung-jik.Thecompanyspecializesinheavyindustriesandconstructionsuchaspowerplantsanddesalinationplants.[128] MEMC'sjointventurewithSamsungElectronicsCompany,Ltd.In1990,MEMCenteredintoajointventureagreementtoconstructasiliconplantinKorea.[129]MEMCKoreaCompanyisaKoreanmanufactureranddistributorofelectroniccomponents,ingots,siliconwafers,andotherproducts. Samsung[who?]buys10%stakeinrivalphonemakerPantech.[130]PantechisaSouthKoreancompanyfoundin1991.Pantechmanufacturesmobilephonesandtablets.Pantechservesinmanycountries,includingSouthKorea,UnitedStates,Japan,Europe,Vietnam,andChina. Samsung[who?]currentlyowns4.19%ofRambusIncorporated.[131]RambusIncorporatedisanAmericantechnologycompanyfoundin1990.Thecompanyspecializesinproducingelectroniccomponentssuchaslicenseschipinterfacetechnologiesandarchitecturesusedindigitalelectronicproducts. Samsung[who?]currentlyowns19.9%oftheautomobilemanufacturerRenaultSamsungMotors.RenaultSamsungMotorsisaSouthKoreanautomotivecompanyfoundin1994.Thecompanymadecarrelatedtransactionsstartingin1998andsincehaveexpandedintoarangeofcarsandelectriccarmodels. Samsung[who?]currentlyowns9.6%ofSeagateTechnology,makingitthesecond-largestshareholder.Underashareholderagreement,SamsunghastherighttonominateanexecutivetoSeagate'sboardofdirectors.[132]SeagateTechnologyisanAmericancompanythatworksinthecomputerstorageindustry.SeagateTechnologywasfoundin1979.Thecompanyisamajorsupplierofmicrocomputersandharddisks. Samsung[who?]owns3%ofSharpCorporation,arivalcompanytoSamsung.[133]SharpCorporationisaJapanesecompanyfoundin1912.Thecompanyspecializesindesigningandmanufacturingelectronicproducts,suchasphones,microwaveovens,andairconditioners. SamsungEngineeringholdsa10%stakeinSungjinGeotec,anoffshoreoildrillingcompanythatisasubsidiaryofPOSCO.[134]SungJinGeotecisaSouthKoreancompanyfoundin1989.Thecompanyspecializesinmanufacturinganddevelopingoffshorefacilities,oilsandmodules,petrochemicalplantcomponents,anddesalinationplants.[135] TaylorEnergyisanindependentAmericanoilcompanythatdrillsintheGulfofMexicobasedinNewOrleans,Louisiana.[136]SamsungOil&GasUSACorp.,subsidiariesofSamsung[who?],currentlyowns20%ofTaylorEnergy.TaylorEnergyisanAmericanoilandgascompanyfoundin1979.ThecompanyworksmainlyintheoildrillingindustryanddrillsintheGulfofMexico. Acquisitionsandattemptedacquisitions Thissectionhasmultipleissues.Pleasehelpimproveitordiscusstheseissuesonthetalkpage.(Learnhowandwhentoremovethesetemplatemessages) ThissectionmayrequirecleanuptomeetWikipedia'squalitystandards.Thespecificproblemis:mostofthesectionbelongstoarticlesaboutspecificcompanies.Pleasehelpimprovethissectionifyoucan.(January2017)(Learnhowandwhentoremovethistemplatemessage) (Learnhowandwhentoremovethistemplatemessage) Samsung[who?]hasmadethefollowingacquisitionsandattemptedacquisitions: SamsungTechwinacquiredtheGermancameramanufacturerRolleiin1995.Samsung(Rollei)useditsopticexpertiseonthecrystalsofanewlineof100%Swiss-madewatches.Buton11March1995,theCologneDistrictcourtprohibitedtheadvertisingandsaleofRolleiwatchesonGermanterritory.[137][138]In1999,Rolleimanagementboughtoutthecompany.[139] Samsung[who?]lostachancetoreviveitsfailedbidtotakeoverDutchaircraftmakerFokkerwhenotherairplanemakersrejecteditsoffertoformaconsortium.Thethreeproposedpartners—Hyundai,HanjinandDaewoo—notifiedtheSouthKoreangovernmentthattheywouldnotjoinSamsungAerospaceIndustries.[140] Samsung[who?]boughta40%stakeinASTResearchin1995,inafailedattempttobreakintotheNorthAmericancomputermarket.SamsungwasforcedtoclosetheCalifornia-basedcomputermakerfollowingmassresignationsofresearchstaffandastringoflosses.[141][142] In1995,Samsung'stextiledepartment[who?]investedinFUBU,anAmericanhiphopapparelcompany,afterthefounderplacedanadvertisementaskingforfundinginTheNewYorkTimesnewspaper.[143][144] SamsungSecuritiesCo.,Ltd.andCityofLondon-basedNMRothschild&Sons(morecommonlyknownsimplyasRothschild)haveagreedtoformastrategicallianceininvestmentbankingbusiness.Twopartieswilljointlyworkoncrossbordermergersandacquisitiondeals.[145] InDecember2010,SamsungElectronicsboughtMEDISONCo.,aSouthKoreanmedical-equipmentcompany,thefirststepinalong-discussedplantodiversifyfromconsumerelectronics.[146]GrandisInc.–memorydeveloperinJuly2011,Samsungannouncedthatithadacquiredspin-transfertorquerandomaccessmemory(MRAM)vendorGrandisInc.[147]GrandiswillbecomeapartofSamsung'sR&Doperationsandwillfocusonthedevelopmentofnext-generationrandom-accessmemory.[148] On26December2011,theboardofSamsungElectronicsapprovedaplantobuySony'sentirestakeintheir2004jointliquidcrystaldisplay(LCD)venturefor1.08 trillionwon($938.97 million).[149] On9May2012,mSpotannouncedthatithadbeenacquiredbySamsungElectronicswiththeintentionofacloud-basedmusicservice.[150]ThesucceedingservicewasSamsungMusicHub. InDecember2012,Samsung[who?]announcedthatithadacquiredtheprivatelyheldstoragesoftwarevendorNVELO,Inc.,basedinSantaClara,California.[151]NVELOwillbecomepartofSamsung'sR&Doperations,andwillfocusonsoftwareforintelligentlymanagingandoptimizingnext-generationSamsungSSDstoragesubsystemsforconsumerandenterprisecomputingplatforms. InJanuary2013,Samsung[who?]announcedthatithasacquiredmedicalimagingcompanyNeuroLogica,partofthemultinationalconglomerate'splanstobuildaleadingmedicaltechnologybusiness.Termsofthedealwerenotdisclosed.[152] On14August2014,Samsung[who?]acquiredSmartThings,afast-growinghomeautomationstartup.Thecompanydidnotreleasetheacquisitionprice,butTechCrunchreporteda$200 millionpricetagwhenitfirstcaughtwordofthedealinJuly2014.[153] On19August2014,Samsung[who?]saidithadacquiredU.S.airconditionerdistributorQuietsideLLCaspartofitspushtostrengthenits"smarthome"business.ASamsungElectronicsspokesmansaidtheSouthKoreancompanyacquired100percentofQuietside.[154] On3November2014,Samsung[who?]announcedithadacquiredProximalData,Inc.,aSanDiego,California-basedpioneerofserver-sidecachingsoftwarewithI/Ointelligencethatworkwithinvirtualizedsystems.[155] On18February2015,Samsung[who?]acquiredU.S.-basedmobilepaymentsfirmLoopPay–ThisallowsSamsunginsmartphonetransactions.[156] On5March2015,Samsung[who?]acquiredsmallU.S.-basedmanufactureroflight-emittingdiodedisplays,YESCOElectronics,whichfocusesonmakingdigitalbillboardsandmessagesigns.[157] On5October2016,Samsung[who?]announcedithadacquiredViv,acompanyworkingonartificialintelligence.[158] On15November2016,SamsungCanadaannouncedithasacquiredRichCommunicationsServices,acompanyworkingonanewtechnologyfortextmessaging.[159] Majorclients ThissectionmayrequirecleanuptomeetWikipedia'squalitystandards.Thespecificproblemis:randomlist.Pleasehelpimprovethissectionifyoucan.(January2017)(Learnhowandwhentoremovethistemplatemessage) Theworld'slargestoilandgasproject,SakhalinII-Lunskoyeplatformunderconstruction.ThetopsidefacilitiesoftheLUN-A(Lunskoye)andPA-B(PiltunAstokhskoye)platformsarebeingbuiltattheSamsungHeavyIndustryshipyardinSouthKorea.[160] MajorclientsofSamsunginclude: RoyalDutchShell SamsungHeavyIndustrieswillbethesoleproviderofliquefiednaturalgas(LNG)storagefacilitiesworthuptoUS$50billiontoRoyalDutchShellforthenext15years.[161][162] Shellunveiledplanstobuildtheworld'sfirstfloatingliquefiednaturalgas(FLNG)platform.InOctober2012[163]atSamsungHeavyIndustries'shipyardonGeojeIslandinSouthKoreaworkstartedona"ship"that,whenfinishedandfullyloaded,willweigh600,000tonnes,theworld'sbiggest"ship".ThatissixtimeslargerthanthelargestU.S.aircraftcarrier.[164] UnitedArabEmiratesgovernment AconsortiumofSouthKoreanfirms,includingSamsung,KoreaElectricPowerCorporationandHyundai,wonadealworth$40billiontobuildnuclearpowerplantsintheUnitedArabEmirates.[165] Ontariogovernment ThegovernmentoftheCanadianprovinceofOntariosignedoffoneoftheworld'slargestrenewableenergyprojects,signingadealworth$6.6billionforanadditional2,500MWofnewwindandsolarenergy.Undertheagreement,aconsortiumledbySamsungandtheKoreaElectricPowerCorporationwillmanagethedevelopmentof2,000MW-worthofnewwindfarmsand500MWofsolarcapacity,whilealsobuildingamanufacturingsupplychainintheprovince.[166] Corporateimage FirstSamsunglogo 1960s–1993,ascorporatelogo 1970s 1980–1993,asSamsungElectronicslogo 1993–current,thoughstillusedbyotherSamsungcompaniesthanitselectronicssegment 2015–current,SamsungElectronics'swordmarkandcurrentcorporatelogo Thebasiccolorinthelogoisblue,whichSamsunghasemployedforyears,supposedlysymbolizingstability,reliabilityandcorporatesocialresponsibility.[167] Audiologo Samsunghasanaudiologo,whichconsistsofthenotesE♭,A♭,D♭,E♭;aftertheinitialE♭toneitisupaperfectfourthtoA♭,downaperfectfifthtoD♭,thenupamajorsecondtoreturntotheinitialE♭tone.TheaudiologowasproducedbyMusikvergnuegenandwrittenbyWalterWerzowa.[168][169]Thisaudiologoisdiscontinuedasof2015. Font In2014,SamsungunveileditsSamsungSharpSansfont.[170] InJuly2016,SamsungunveileditsSamsungOnefont,atypefacethathopestogiveaconsistentanduniversalvisualidentitytothewiderangeofSamsungproducts.SamsungOnewasdesignedtobeusedacrossSamsung'sdiversedeviceportfolio,withafocusonlegibilityforeverythingfromsmallerdeviceslikesmartphonestolargerconnectedTVsorrefrigerators,aswellasSamsungmarketingandadvertisements.Thefontfamilysupports400differentlanguagesthroughover25,000characters.[171] Sponsorships FurtherinformationonSamsung'ssportssponsorships:SamsungSports ASamsungdisplayinSaltLakeCityduringthe2002WinterOlympics SamsungElectronicsspentanestimated$14billion(U.S.)onadvertisingandmarketingin2013.At5.4%ofannualrevenue,thisisalargerproportionthananyoftheworld'stop-20companiesbysales(Applespent0.6%andGeneralMotorsspent3.5%).Samsungbecametheworld'sbiggestadvertiserin2012,spending$4.3billion,comparedtoApple's$1billion.Samsung'sglobalbrandvalueof$39.6billionislessthanhalfthatofApple.[172] Controversies Laborabuses Samsungwasthesubjectofseveralcomplaintsaboutchildlaborinitssupplychainfrom2012to2015. InJuly2014,SamsungcutitscontractwithShinyangElectronicsafteritreceivedacomplaintaboutthecompanyviolatingchildlaborlaws.[173]SamsungsaysthatitsinvestigationturnedupevidenceofShinyangusingunderageworkersandthatitseveredrelationsimmediatelyperits"zerotolerance"policyforchildlaborviolations. OneofSamsung'sChinesesupplierfactories,HEG,wascriticizedforusingunderageworkersbyChinaLaborWatch(CLW)inJuly2014.HEGdeniedthechargesandhassuedChinaLaborWatch.[174][175]CLWissuedastatementinAugust2014claimingthatHEGemployedovertenchildrenundertheageof16atafactoryinHuizhou,Guangdong.Thegroupsaidtheyoungestchildidentifiedwas14yearsold.Samsungsaidthatitconductedanonsiteinvestigationoftheproductionlinethatincludedone-on-oneinterviewsbutfoundnoevidenceofchildlaborbeingused.CLWrespondedthatHEGhadalreadydismissedtheworkersdescribedinitsstatementbeforeSamsung'sinvestigatorsarrived.[173] CLWalsoclaimedthatHEGviolatedovertimerulesforadultworkers.CLWsaidafemalecollegestudentwasonlypaidherstandardwagedespiteworkingfourhoursofovertimeperdayeventhoughChineselawrequiresovertimepayat1.5to2.0timesstandardwages.[173] In2020,theAustralianStrategicPolicyInstituteaccusedatleast82majorbrands,includingSamsung,ofbeingconnectedtoforcedUyghurlaborinXinjiang.[176] Unionbustingactivity Seealso:SamsungElectronics§ Workersafety Samsunghasano-unionpolicyandhasbeenengagedinunion-bustingactivitiesaroundtheworld.[177][178]Samsunghasalsobeensuedbyunionforstealingthecorpseofdeadworker.[179]On6May2020,SamsungvicechairmanLeeJae-yongapologizedfortheunion-bustingscandals.[180] 2007SlushFundscandal KimYong-chul,theformerheadofthelegaldepartmentatSamsung'sRestructuringOffice,andCatholicPriestsAssociationforJusticeuncoveredLeeKun-hee'sslushfundon29October2007.Hepresentedalistof30artworksthatthefamilyofSamsungGroupChairmanLeeKun-heepurchasedwithsomeoftheslushfunds,whichweretobefoundinSamsung'swarehouseinsouthofSeoul,alongwithdocumentsaboutbribestoprosecutors,judgesandlawmakers,taxcollectorswiththousandsofborrowed-namedbankaccount.[181][182] ThecourtsentencedLeeKun-heeto3yearsimprisonment,5yearsprobationimprisonment,andfinedhim11billionwon.Buton29December2009,theSouthKoreanpresidentLeeMyung-bakspeciallypardonedLee,statingthattheintentofthepardonwastoallowLeetoremainontheInternationalOlympicCommittee.ItistheonlyindependentamnestytohaveoccurredinSouthKoreanhistory.[183] KimYong-chulpublishedabook'ThinkingaboutSamsung'in2010.HewrotedetailedaccountsofSamsung'sbehaviorandhowthecompanylobbiedgovernmentalauthoritiesincludingthecourtofficials,prosecutorsandnationaltaxserviceofficialsfortransferringSamsung'smanagementrightstoLeeJae-yong.[184] LeeKun-hee'sprostitutionscandal InJuly2016,theinvestigativejournalKCIJ-NewstapareleasedavideoofSamsungchairmanLeeKun-hee'sprostitutionandallegedyearslongemploymentoffemalesexworkers.[185]On12April2018,SupremeCourtofKoreasentencedtheformergeneralmanagerofCJCheilJedang,whofilmedtheprostitutionvideo,tofouryearsandsixmonthsinprisonforblackmailandintimidation.[186] Supportingfar-rightgroups TheinvestigativeteamofSpecialProsecutorsof2016SouthKoreanpoliticalscandalannouncedthattheBlueHousereceivedmoneyfromSouthKorea’sfourlargestchaebols(Samsung,HyundaiMotorGroup,SKGroupandLGGroup)tofundpro-governmentdemonstrationsbyconservativeandfar-rightorganizationssuchastheKoreanParentFederation(KPF)andtheMomsBrigade[187] Pricefixing On19October2011,Samsungcompanieswerefined€145,727,000forbeingpartofapricecarteloftencompaniesforDRAMswhichlastedfrom1July1998to15June2002.Thecompaniesreceived,likemostoftheothermembersofthecartel,a10%reductionforacknowledgingthefactstoinvestigators.Samsunghadtopay90%oftheirshareofthesettlement,butMicronavoidedpaymentasaresultofhavinginitiallyrevealedthecasetoinvestigators.[188] InCanada,during1999,someDRAMmicrochipmanufacturersconspiredtopricefix,amongtheaccusedincludedSamsung.Thepricefixwasinvestigatedin2002.Arecessionstartedtooccurthatyear,andthepricefixended;however,in2014,theCanadiangovernmentreopenedthecaseandinvestigatedsilently.SufficientevidencewasfoundandpresentedtoSamsungandtwoothermanufacturersduringaclassactionlawsuithearing.Thecompaniesagreedupona$120millionagreement,with$40millionasafine,and$80milliontobepaidbacktoCanadianswhopurchasedacomputer,printer,MP3player,gamingconsoleorcamerafromApril1999toJune2002.[189] Misleadingclaims InAustraliaduring2022,Australia'scompetitionandconsumercommissionfinedSamsungAU$14million.Thefinecameduetomisleadingwaterresistanceclaimsforover3.1millionSmartphones.Thecommissionstatedthatduring2016-2018thecompanyadvertiseditsGalaxyS7,S7Edge,A5,A7,S8,S8PlusandNote8devicesasabletosurviveshortimmersioninwater.However,aftermanyusercomplaintsaboutthedeviceshavingissuesafterwatersubmersion,suchaschargerportcorrosion.TheACChaveofficiallylabelledthefactthesedeviceshave"waterresistance"listedasafeaturemisleadingandproceededwiththefine.[190] References ^abc"삼성계열사전자–삼성그룹홈페이지".Archivedfromtheoriginalon20September2016. ^"HomeandKitchenApplianceshowcase".Samsung.Archivedfromtheoriginalon9March2017. ^"SAMSUNGELECTRONICSCo.,Ltd.2020Half-yearBusinessReport"(PDF).Retrieved8September2020. ^"The2020World'sMostValuableBrands".Forbes.18October2020.Archivedfromtheoriginalon18October2020. 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SamsungAnnounces2022NeoQLEDTVLine-UpAcrossEurope BreakingtheRuleswithSamsungGalaxyTabS8Series:TheBiggest,Boldest,MostVersatileGalaxyTabletEver Externallinks WikimediaCommonshasmediarelatedtoSamsung. Officialwebsite vteSamsungBusinessesElectronics Electronics Electro-Mechanics SDI SDS HeavyIndustries C&T HeavyEquipments Engineering Financialservices Life Fire&Marine Card Others BeanPole Everland EverlandResort CaribbeanBay HotelShilla CheilWorldwide MedicalCenter EconomicResearch Biologics Hub Town GlobalScholarshipProgram Sold SpotifyIndonesia(Spotify) Defunct Aerospace Transportation Affiliatedorganisations Ho-AmArtMuseum Ho-AmPrize Leeum,SamsungMuseumofArt SamsungScholarship SamsungBiologics Sports DaejeonSamsungFireBluefangs SamsungGalaxy SamsungLifeBlueminx SamsungLions SamsungSports SamsungTrainingCenter SeoulSamsungThunders SuwonSamsungBluewings People LeeByung-chul(founder) LeeKun-hee(chair) LeeJae-yong(chair) LeeBoo-jin LeeYoon-hyung Other SungkyunkwanUniversity CJ Shinsegae Hansol Joongang Category Commons vteSouthKorea'sLargeBusinessGroupsBusinessGroupswithatotalassetoverKRW10trillion,asdesignatedbyKFTCin2022. Samsung SK HyundaiMotor LG Lotte POSCO Hanwha GS HyundaiHeavyIndustries Nonghyup Shinsegae KT CJ Hanjin Kakao Doosan LS DL Booyoung JungheungConstruction MiraeAsset Naver S-Oil HyundaiDepartmentStore HMM KumhoAsiana Harim HDC Hyosung YoungPoong Celltrion KyoboLife HobanConstruction SM Netmarble KT&G KCC DSME Nexon DB Taeyoung Kolon OCI Dunamu SeAh HankookTire E-Land vte2016SouthKoreanpoliticalscandalRelatedpeopleChoiTae-minfamily ChoiTae-min ChoiSun-deuk ChoiSoon-sil ChungYoon-hoi JangSi-ho ChungYoo-ra JoSun-je Otherpeople ParkGeun-hye KimJong KoYoung-tae JayY.Lee KimKi-chun AhnBong-geun AhnJong-bum WooByung-woo LeeGyeong-je LeeSeung-chul LeeJae-man JungHo-sung ChaEun-taek Relatedorganizations MirFoundation K-SportsFoundation TheBlueK KoreanSalvationMission NESTFoundation Samsung TheFederationofKoreanIndustries KoreaWinterSportsTalentCenter Armstrong Reactions 2016–17SouthKoreanprotests ImpeachmentofParkGeun-hye Relatedtopics 2017SouthKoreanpresidentialelection AuthoritycontrolGeneral ISNI 1 VIAF 1 WorldCat Nationallibraries Israel UnitedStates Other MusicBrainzartist Retrievedfrom"https://en.wikipedia.org/w/index.php?title=Samsung&oldid=1107558561" Categories:Samsung1938establishmentsinKoreaCompaniesbasedinSeoulConglomeratecompaniesestablishedin1938ConglomeratecompaniesofSouthKoreaHoldingcompaniesofSouthKoreaMultinationalcompaniesheadquarteredinSouthKoreaLeefamily(SouthKorea)Hiddencategories:WebarchivetemplatewaybacklinksAllarticleswithdeadexternallinksArticleswithdeadexternallinksfromJuly2018CS1Korean-languagesources(ko)ArticleswithdeadexternallinksfromJuly2021ArticleswithdeadexternallinksfromFebruary2022ArticleswithpermanentlydeadexternallinksArticleswithdeadexternallinksfromJune2016ArticleswithdeadexternallinksfromMarch2018WebarchivetemplateotherarchivesArticleswithshortdescriptionShortdescriptionmatchesWikidataWikipediapagessemi-protectedagainstvandalismUseBritishEnglishfromApril2015UsedmydatesfromMarch2022ArticlescontainingKorean-languagetextArticlescontainingpotentiallydatedstatementsfrom2020AllarticlescontainingpotentiallydatedstatementsArticlescontainingpotentiallydatedstatementsfrom2017Articlescontainingpotentiallydatedstatementsfrom2010Articlescontainingpotentiallydatedstatementsfrom2012AllarticleswithunsourcedstatementsArticleswithunsourcedstatementsfromApril2017Allarticleswithspecificallymarkedweasel-wordedphrasesArticleswithspecificallymarkedweasel-wordedphrasesfromJuly2022ArticlesneedingadditionalreferencesfromJanuary2014AllarticlesneedingadditionalreferencesArticleswithapromotionaltonefromJuly2015AllarticleswithapromotionaltoneArticleswithmultiplemaintenanceissuesArticlescontainingpotentiallydatedstatementsfromAugust2011ArticlesneedingadditionalreferencesfromApril2017Articleswithspecificallymarkedweasel-wordedphrasesfromJune2022ArticlesneedingcleanupfromApril2017AllpagesneedingcleanupCleanuptaggedarticleswithareasonfieldfromApril2017WikipediapagesneedingcleanupfromApril2017Articleswithspecificallymarkedweasel-wordedphrasesfromJune2021ArticlesneedingcleanupfromJanuary2017CleanuptaggedarticleswithareasonfieldfromJanuary2017WikipediapagesneedingcleanupfromJanuary2017CommonscategorylinkisonWikidataOfficialwebsitedifferentinWikidataandWikipediaArticleswithISNIidentifiersArticleswithVIAFidentifiersArticleswithWORLDCATIDidentifiersArticleswithJ9UidentifiersArticleswithLCCNidentifiersArticleswithMusicBrainzidentifiers Navigationmenu Personaltools NotloggedinTalkContributionsCreateaccountLogin Namespaces ArticleTalk English Views ReadViewsourceViewhistory More Search Navigation MainpageContentsCurrenteventsRandomarticleAboutWikipediaContactusDonate Contribute HelpLearntoeditCommunityportalRecentchangesUploadfile Tools WhatlinkshereRelatedchangesUploadfileSpecialpagesPermanentlinkPageinformationCitethispageWikidataitem Print/export DownloadasPDFPrintableversion Inotherprojects WikimediaCommons Languages AfrikaansአማርኛÆngliscالعربيةԱրեւմտահայերէնAsturianuAzərbaycancaتۆرکجهবাংলাБеларускаяभोजपुरीБългарскиBosanskiCatalàČeštinaCymraegDanskDeutschडोटेलीEestiΕλληνικάEspañolEsperantoEuskaraفارسیFrançaisGalegoગુજરાતી客家語/Hak-kâ-ngî한국어HausaՀայերենहिन्दीHrvatskiIgboBahasaIndonesiaÍslenskaItalianoעבריתJawaಕನ್ನಡქართულიҚазақшаKiswahiliKurdîКыргызчаLatinaLatviešuLietuviųMagyarМакедонскиമലയാളംमराठीმარგალურიمصرىBahasaMelayuမြန်မာဘာသာNāhuatlNederlandsNēhiyawēwin/ᓀᐦᐃᔭᐍᐏᐣनेपाली日本語NorskbokmålNorsknynorskଓଡ଼ିଆOʻzbekcha/ўзбекчаਪੰਜਾਬੀپښتوPiemontèisPolskiPortuguêsQaraqalpaqshaRomânăRumantschРусскийСахатылаसंस्कृतम्ᱥᱟᱱᱛᱟᱲᱤScotsShqipSimpleEnglishسنڌيSlovenčinaSlovenščinaSoomaaligaکوردیСрпски/srpskiSrpskohrvatski/српскохрватскиSundaSuomiSvenskaTagalogதமிழ்Татарча/tatarçaไทยТоҷикӣTürkçeTürkmençeУкраїнськаاردوئۇيغۇرچە/UyghurcheVènetoTiếngViệtWinaray吴语粵語ZazakiŽemaitėška中文 Editlinks