Introduction

Type

Chaebol

Industry

Conglomerate

Founded

1938

Founder(s)

Lee Byung-chull

Headquarters

Samsung Town, Seoul, South Korea

Area served

Worldwide

Key people

Lee Kun-hee (Chairman andCEO) Lee Soo-bin (President, CEO ofSamsung Life Insurance)[1]

Products

Apparel, chemicals, consumer electronics, electronic components, medical equipment, precision instruments, semiconductors,ships, telecommunications equipment

Services

Advertising, construction, entertainment, financial services, hospitality, information and communications technology services, medical services,retail

Revenue

US$ 247.5 billion (2011)[2]

Net income

US$ 18.3 billion (2011)[2]

Total assets

US$ 384.3 billion (2011)[2]

Total equity

US$ 224.7 billion (2011)[2]

Employees

344,000 (2010)[2]

Website

Samsung.com

What does Samsung mean ?

According to the founder of Samsung Group, the meaning of the Korean hanja word Samsung () is "tristar" or "three stars". The word "three" represents something "big, numerous and powerful"; the "stars" [15] mean eternity.

Subsidaries
Samsung industrial subsidiaries include Samsung Electronics (the world's largest information technology company measured by 2011 revenues) Samsung Heavy Industries (the world's second-largest shipbuilder measured by 2010 revenues), Samsung Engineering andSamsung C&T (respectively the world's 35th- and 72nd-largest construction companies), Samsung Techwin (a weapons technology andoptoelectronics manufacturer). Samsung Life Insurance (the world's 14th-largest life insurance company) Samsung Everland (operator of Everland Resort, the oldest theme park in South Korea) Cheil Worldwide (the world's 19th-largest advertising agency measured by 2010 revenues).

What Samsung

is?

Samsung Group is the largest South Korean chaebol. Chaebol (from chae: wealth or property + pl: faction or clan) refers to a South Korean form of business conglomerate. They are typically globalmultinationals owning numerous international enterprises. The term is often used in a context similar to that of the English word "conglomerate" A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure (a corporate group), usually involving a parent company and several (or many) subsidiaries. Often, a conglomerate is a multi-industry company. Conglomerates are often large and multinational.
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