Samsung Hangul: 삼성 Hanja: 三� Revised Romanization: Samseong McCune-Reischauer: Samsŏng Samsung Group is one of the largest South Korean business groupings. It started as an exports company in 1938 but soon diversified. The Samsung Group, a former [Conglomerate (company)|conglomerates]] ("chaebol"), employs well over 400,000 employees worldwide and manufactures cars, electronics, chemicals, aircraft, ships, merchant trade, runs hotels, amusement parks, constructs skyscrapers, textiles, food, etc in separate companies after the Asian financial crisis reorganization. Suwon, Korea is also known as Samsung city. Samsung Electronics was founded in 1969, the largest member of the Samsung Group, Samsung Electronics Co. Ltd. is one of the largest electronics companies in the world. Founded in Daegu, South Korea, it operates in around 58 countries and has over 208,000 workers. The turnover in 2003 was about 101.7 billion USD. Samsung Electronics is recognized as being one of the top 10 brands in the world. At present, Samsung Electronics operates in 5 business areas, namely Telecommunications (Mobile Handsets and Network), Digital and Home Appliances (including washing machines, microwave ovens, refrigerators, VHS and DVD players, etc), Digital Media, LCD, and Semiconductors. Samsung (meaning "three stars" or "tristar" in Korean) was founded by Lee Byungchul. Samsung Electronics is the flagship division of The Samsung Group. Contents 1 Subsidiaries of the Samsung Group 1.1 Electronics industries 1.2 Machinery and heavy industries 1.3 Automobile industries 1.4 Chemical industries 1.5 Financial services 1.6 Engineering & construction 2 History 2.1 1950s - 1980s 2.2 The 1990s and present 3 Sponsership 4 See also 5 External links Subsidiaries of the Samsung Group Electronics industries Samsung Electronics Samsung Electro-Mechanics Samsung SDI [1] Samsung Corning Samsung SDS [2] Samsung Networks Samsung Corning Precision Glass Machinery and heavy industries Samsung Heavy Industries Samsung Techwin Automobile industries Renault Samsung Motors Chemical industries Samsung Total Petrochemicals Samsung Petrochemicals Samsung BP Chemicals Samsung Fine Chemicals Cheil Industries Financial services Samsung Life Insurance Samsung Fire & Marine Insurance Samsung Card Samsung Securities Samsung Capital Samsung Investment Trust Management Samsung Venture Investment Engineering & construction Samsung Engineering & Construction History 1950s - 1980s 1953: Samsung started sugar production, which has since ended 1958: Samsung starts offering insurance 1965: A department store opened in Kwanjou. 1967: Samsung started the Joong-Ang Ilbo daily newspaper. Today this newspaper has no affiliation with the company. 1969: Samsung Electronics founded 1974: Samsung Petrochemical and Heavy Industries founded. 1976: The company was awarded an export prize by the government as a part of the country's development programme. 1977: As a result of their export prize, Samsung Construction emerged. In addition, Samsung Shipbuilding has formed. 1982: Samsung established a professional baseball team. 1983: Samsung produced its first computer chip: a 64k DRAM. Towards the end of the 1980's, Samsung pushed its efforts in petrochemicals and electronics. The 1990s and present The 1990s saw Samsung rise as an international corporation. Not only did it acquire a number of businesses abroad, but also began leading the way in certain electronic components. Samsung's construction branch was awarded the contract to build one of the two Petronas Towers in Malaysia in September 1993 and the Burj Dubai in 2004, set to be tallest structure ever created by mankind. Samsung survived the Asian financial crisis of 1997-98 relatively unharmed compared to other major Korean firms, however, Samsung Motor Co, a $5 billion venture was sold to Renault at a staggering loss. Most importantly, Samsung Electronics (SEC) was officially spun-off the Samsung Group and had become to dominate the group, Korea, and the worldwide semiconductor business, even surpassing worldwide leader Intel in investment for the 2005 fiscal year. Samsung's brand strength has improved impressively in the last few years, despite an environment of scandal and political intrigue. Feared and revered by Japan, Silicon Valley, Taiwan, and even domestically, Samsung Electronics (SEC) with its cutthroat expansion had managed to smash market share of each and every company to become the world's largest manufacturer of DRAM, refrigerators, flash memory, dvd-combo players, and a number of others and is now one of the world's leading manufacturers in plasma displays and next generation mobile phones. Samsung has even managed to become a dominant player in notoriously picky and high tech Japan. A seemingly unstoppable SEC had brought about mass hysteria to competitors, as Samsung is involved in seemingly never ending legal controversies, such as the one over patent infringements with companies such as Fujitsu who claim to have created plasma display technology first. Samsung has also faced controversy in Korea for its policies towards workers, described by some as anti-worker, although such claims are widely disputed. Samsung Electronics saw record profits and revenue in 2004, and in 2005, overtook Sony as one of the worlds most valuable brands, and is now ranked #20 in the world. On November 30, 2005 Samsung pleaded guily to a charge it participated in a worldwide DRAM price fixing conspiracy during 1999-2002 that damaged competition and raised PC prices. In a deal with prosecutors, Samsung Electronics Co. Ltd. and its U.S. subsidiary, Samsung Semiconductor Inc., are to pay $300 million fine. As a result of this investigation, Hynix was to pay $185 mln in 2005, Infineon: $160 mln in 2004. Micron Technology, the US firm who initiated the case, cooperated with prosecutors and no fine is expected. Recently, a severely weakened Micron has teemed up with Intel to take on Samsung in the lucrative NAND flash business, although Intel has no desire to fully engage Samsung after Samsung drove Intel out of the flash business. Sponsership Samsung is a major jersey sponser of the Sydney Roosters NRL team from 1995-1997 then again from 2004-??? See also List of Korean companies List of Korea-related topics FidoBag, a hoax by Samsung List of digital camera brands Samsung Sens Samsung UF-80DX Digital Presenter External links Official website Yahoo! - Samsung Group Company Profilede:Samsung Search Term: "Samsung" Categories: Chaebols | Portable Audio Player Manufacturers | Companies of South Korea

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