Samsung: One of the best android smartphones developer

The Samsung Group is a conglomerate ( Jaebeol ) from South Korea . In 2014, the Samsung group employed 489,000 people. [3] flagship of the group’s Samsung Electronics , the world’s largest DRAM -, NAND Flash Memory, SSD – Fernsehgeräte-, refrigerator, mobile phone and smartphone manufacturers.

Samsung means “three stars” in Korean . Many Koreans associate the number three with positive things. Lee Byung-chull , the founder of the group, which was strongly shaped by the Japanese economy and society, chose this name in the 1930s in the hope that the company would shine as bright, high and everlasting as the then powerful Japanese groups Mitsubishi (“three diamonds”) and Mitsui Group (“three sources”).

After the death of the company’s founder in 1987, the third son, Lee Kun-hee , took over the chairmanship of the group. Since he resigned from all posts due to a scandal in 2008, the Samsung Group has been led by the chief executive officers of the individual companies.

The company was on March 1, 1938 in Daegu of Lee Byung-chul as a food trading business founded . After World War II and the breakaway from Japanese colonial rule , Lee lost his business due to the chaos in the country. He then rebuilt the business in Seoul . But it was destroyed a second time by the Korean War. After the war, Lee rebuilt his business in the destroyed capital of South Korea.

In 1953, Lee founded Cheil Jedang (“Best Sugar”), the first industrial sugar refinery in South Korea. Cheil Jedang later became the largest food manufacturer in South Korea. After Lee Byung-chull’s death, the company was taken over by his eldest son, Lee Maeng-hee. It was separated from the Samsung Group in 1997 and became independent. Cheil Jedang now represents one of the most important business areas of the CJ Group .

In 1954, Lee Byung-chull had a textile factory built, which became the basis for Cheil Industries. The textile and fashion division is now combined in the Samsung C&T Fashion Group. Samsung later entered the insurance and construction business. With government support under President Park Chung-hee , Samsung also started shipbuilding.

With its subsidiary Samsung Electronics , founded in 1969, Samsung tackled the manufacture of electrotechnical articles, focusing early on consumer electronics and household appliances. In 1974, Samsung Electronics acquired the almost bankrupt Korea Semiconductor. At that time, Lee Kun-hee recognized the great potential of microelectronics. It was also he who saw the great future of DRAM in the digital age at the beginning of the 1980s and invested heavily in its development and production.

Other branches in which the large group is active are: mechanical engineering , automobiles , insurance , wholesale , real estate and leisure. The then largest private television station, Munhwa Broadcasting Corporation (MBC), was ceded to the state in the late 1970s under political pressure.

In 1983 Samsung took over the Donghwa department store. It was then renamed Shinsegae . Shinsegae was spun off from the Samsung group in 1991 and is now part of the largest retail group in South Korea. The company is run by Lee Myung-hee, the daughter of Samsung founder Lee Byung-chull and the younger sister of Lee Kun-hee . She is the richest woman in South Korea.

After the Asian crisis in the 1990s, Samsung, like all Jaebeol , had to withdraw from numerous business areas and sold many subsidiaries to strengthen its capital base. At the same time, the focus was on some core areas. Since then, Samsung Electronics has been the most important branch of the conglomerate .

The other branches of the company are less well known in Europe:

Samsung Life Insurance ( Samsung Life Insurance )
Samsung Heavy Industries , one of the largest Korean shipyards
Samsung – Construction and Trade ( Samsung C&T Corporation , builder of the Burj Khalifa and other skyscrapers) [7]
in cooperation with Renault : Renault Samsung Motors
Samsung SDI , one of the largest lithium polymer battery manufacturers
Samsung C&T Fashion Group (with the Bean Pole brand)
Shilla Hotel and Shilla Duty Free
Samsung is one of the first key members of the FIDO alliance , which has developed the industry standard Universal Second Factor (U2F) for general two-factor authentication .

In the Samsung group, after the heart attack by company boss Lee Kun-hee in May 2014, in the course of the generation change, a restructuring takes place: the arms division Samsung Techwin was sold to Hanwha , [8] several chemical companies went to the Lotte group . [9] [10] Samsung wants to focus more on automotive (Samsung SDI), fintech [11] ( Samsung Pay ) and pharmaceuticals [12] ( Samsung Biologics ). Samsung Everland was created with Cheil Industries Inc.merged and then merged with Samsung C&T. Since then, Samsung C&T has managed the Samsung Group as a de facto holding company. A minority shareholder, Elliot Management Corporation, defended itself and filed a lawsuit against the sale of 5.76% of the shares in KCC. However, the lawsuit was dismissed by the Seoul court. [13] The restructuring is therefore not yet complete. Samsung SDS is next on the agenda. The attempt to merge Samsung Heavy Industries with Samsung Engineering, which failed in 2014, could become topical again because the shipbuilder Samsung Heavy Industries is suffering a lot because of the enormous drop in orders. [14]

Due to the decline in demand in many sectors abroad, South Korea, which is heavily dependent on exports, is facing some problems. The Samsung Group as the largest private employer in the country is no exception. In the first quarter of 2016, more than 2,800 employees with severance pay left the companies in the group (Samsung SDI, Samsung Electro-Mechanics, Samsung Heavy Industries, Samsung Engineering and Samsung C&T). Another 2,000 employees should follow by mid-2016. Company executives want to forego part of their salary. The group hired 14,000 young university graduates in 2015 following the request of President Park. South Korea has had high unemployment among young people for several years.

At the Extraordinary General Meeting on September 27, 2016, the Vice President of Samsung Electronics, Lee Jae-yong , the only son of Lee Kun-hee, was nominated as an official board member. The chairman’s title remains with Lee Kun-hee.

Electronics industry

Samsung electro mechanics
The company founded in 1973 [17] has 29,000 employees and operates eight production facilities in four countries. The company headquarters is in Suwon .
Samsung Electro-Mechanics manufactures electronic components for various electronic products ( automotive electronics , computers , digital cameras , flat screens , games consoles , hard drives , LED lamps , smartphones , printers , wearables , etc.). This includes:
Passive components: chip resistors , filters , inductors , MLCC ( English : Multi-Layer Ceramic Capacitors), tantalum electrolytic capacitor ,
PCB : HDI (English: High Density Interconnection), chip package substrate and
Modules: antenna , camera module, wireless LAN module, wireless power transmitter module.
The company wants to focus more on electronics for cars. The demand for electronic components due to self-driving vehicles is expected to increase sharply. [18]
Samsung Electronics
Samsung SDI
Samsung SDS [19]
Samsung Corning Advanced Glass
Samsung display
Samsung C&T Engineering & Construction Group [21]
Samsung Heavy Industries
Samsung Engineering [22]
Financial services edit
Samsung Life Insurance [23]
Samsung Fire & Marine Insurance [24]
Samsung Card
Samsung Securities [25]
Samsung Asset Management [26]
Samsung Venture Investment [27]
Services and miscellaneous edit
Samsung C&T Trading & Investment Group [28]
Samsung C&T Fashion Group [29]
Samsung C&T Resort & Construction Group [30]
Hotel Shilla
Since 1979 the company [31] has operated a premium hotel in a traditional style with the brand “The Shilla”. There are now two hotels: one in Seoul and one on Jeju Island . The company has been operating the “Shilla Stay” brand in the upscale segment since 2013. There are eight hotels in South Korea, and a ninth is under construction in Cheonan . Hotel Shilla was awarded the contract to build a traditional Hanok- style hotel in Seoul in early 2016 . The total investment is $ 246.2 million. The new hotel is scheduled to be completed by 2020. [32]
In addition, the company has also been operating in the duty-free business with the “The Shilla Duty Free” brand since 1986 . The company operates both domestically (Seoul, Jeju, the international airport Incheon and the Gimpo Airport ) and abroad ( Singapore Airport , Macau airport ) Duty-free shops. The company also owns two cosmetic shops with the “Sweetmay” brand in Macau and Hong Kong. Shilla Duty Free also operates the HDC Shilla Duty Free business in Yongsan / Seoul with Hyundai Department Co. The store, which opened in March 2016, is expected to generate daily sales of $ 925,000. [33] The company is owned by Lee Boo-jin, the eldest daughter of Lee Kun-hee .
Cheil Worldwide [34]
S-1 Corporation [35]
Samsung Medical Center
Samsung Economic Research Institute [36]

Samsung Biologics

Samsung Biologics [37] is a contract manufacturing organization (CMO) and contract manufacturer for biologics , i.e. drugs that are obtained by biotechnical methods. The company already has two production facilities and is building a third factory with a capacity of 180,000 liters in Songdo . After the completion of the plant planned for 2018, the company wants to become the largest CMO. The IPO in October 2016 enabled the company to generate 2.25 trillion. Collect the won (approximately $ 2 billion).

Samsung Bioepis

Samsung Bioepis is a joint venture between Samsung Biologics and the US biotechnology company Biogen . [39] The company also works closely with the US pharmaceutical company Merck & Co. (known as MSD) in research and marketing together. In the rapidly growing biosimilar market , Samsung Bioepis wants to grow into a leading company. The biosimilars are bio-engineered copy products of the biologicals . They may be produced and marketed after the original patent has expired. However, they are subject to a stricter approval process than genericswith chemical-synthetic active ingredients. The company, which was only founded in 2012, succeeded in developing Benepali , a biosimilar to the reference product Enbrel from Amgen and Pfizer (active ingredient: Etanercept ). [40] Samsung Bioepis’ Biosimilar Flixabi (active ingredient: infliximab , reference product Remicade ) was also approved by the European Commission in 2016 . 2017 followed Imraldi ( adalimumab ) and Ontruzant ( trastuzumab). The company has several other biosimilars in the pipeline. The initial public offering planned for early 2016 was postponed due to the poor market environment.

Samsung world 

Samsung Welstory [42] is active in the food distribution and catering sector and is No. 2 in South Korea behind CJ Freshway. Well-known gastronomy brands are: welstory, delacourt, health giving, FRESIS. The wholly owned subsidiary of Samsung C&T, like its competitor CJ Freshway, wants to grow in the growth market of China and has founded a joint venture company with the Japanese market leader Kokubu Group and the Chinese agricultural company Shanghai Yinlong Agricultural Development Co.

In 2014, Samsung Techwin, which specializes in defense equipment, optoelectronics, surveillance technology and aeronautics, was sold to the South Korean Hanwha Group together with Samsung Thales, Samsung General Chemicals and Samsung Total for $ 1.63 billion. [44]

Samsung Thales
Samsung Petrochemical
Samsung Petrochemical and Samsung General Chemicals merged in 2014. The merged company continued to operate as Samsung General Chemicals. [45]

Samsung General Chemicals
Samsung Total
Samsung Fine Chemicals
In 2015, 90% of the shares in Samsung SDI, 31.5% of the shares in Samsung Fine Chemical and 49% of the shares in the joint venture Samsung BP Chemical were sold to the Japanese-South Korean conglomerate Lotte . [46]

Samsung BP Chemicals
Samsung Everland
The de facto holding company with amusement park, fashion shop, golf courses was renamed Samsung Cheil Industries. However, the theme park will keep the name Everland.

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