Samsung

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This article is about the conglomerate. For the publicly traded consumer electronics subsidiary,
see Samsung Electronics. For the eSports team, see Samsung Galaxy (eSports).
Not to be confused with Samsun, Samson, Sanson, or Sampson.

Samsung

Samsung Town in the Gangnam Station area in Seoul

Industry Conglomerate

Founded 1 March 1938; 79 years ago

Daegu, Japanese Korea

Founder Lee Byung-chul

Headquarters 40th floor Samsung Electronics Building, 11,

Seocho-daero 74-gil, Seocho District, Seoul, South
Korea[1]

Area served Worldwide

Key people Lee Kun-hee, Chairman

 Lee Jae-yong, Vice-Chairman

Products Apparel, chemicals, consumer electronics, electronic

components, medical
equipment, semiconductors, solid state
drives, DRAM, ships, telecommunications
equipment, home appliances [2]

Services Advertising, construction, entertainment, financial

services, hospitality, information and
communications technology, medical and health
care services, retail, shipbuilding,

Revenue US$ 305 billion (2014)[3]

Net income US$ 22.1 billion (2014)[3]

Total assets US$ 529.5 billion (2014)[3]

Total equity US$ 231.2 billion (2014)[3]

Number of 489,000 (2014)[3]

employees

Divisions Samsung Electronics

Samsung C&T Corporation
Samsung Heavy Industries
Samsung SDS
Samsung Life Insurance
Samsung Fire & Marine Insurance
Cheil Worldwide

Website samsung.com

Samsung

Hangul
Hanja

Revised Romanization Samseong

McCuneReischauer Samsng

This article
contains Korean text. Without
proper rendering support, you may
see question marks, boxes, or other
symbols instead
of Hangul and hanja.

Economy of South Korea

History

Five-Year Plans
Saemaul Undong
Heavy-Chemical Industry Drive
Miracle on the Han River
1997 financial crisis

Business culture
Chaebol
Trade policy

Industries
Currency
Communications
Tourism
Transportation
Real estate
Financial services
Energy

Regional
Regions by GDP per capita

Related topics
Science and technology
 Cities

v
t
e

Samsung Group (Hangul: ; Hanja: ; Korean pronunciation: [sams]) is a South

Korean multinational conglomerate headquartered in Samsung Town, Seoul.[1] It comprises
numerous affiliated businesses,[1] most of them united under the Samsung brand, and is the largest
South Korean chaebol (business conglomerate).
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 Samsung
Group, Shinsegae Group, CJ Group and Hansol Group. Since 1990, Samsung has increasingly
globalized 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 largest information
technology company measured by 2012 revenues, and 4th in market value), [4] Samsung Heavy
Industries (the world's 2nd-largest shipbuilder measured by 2010 revenues),[5] and Samsung
Engineering and Samsung C&T (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] 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] Its affiliate
companies produce around a fifth of South Korea's total exports.[13] Samsung's revenue was equal to
17% of South Korea's $1,082 billion GDP.[14]
On 17 February 2017, Vice Chairman Lee Jae-yong was arrested for bribery, embezzlement, hiding
assets overseas and perjury.[15]

Contents
[hide]

1Etymology

2History

o 2.11938 to 1970

o 2.21970 to 1990

o 2.31990 to 2000

o 2.42000 to 2015

o 2.52016
 3Acquisitions and attempted acquisitions

4Sold parts

o 4.1Samsung Techwin

o 4.2Samsung Thales

o 4.3Samsung General Chemicals

o 4.4Samsung Total

5Operations

o 5.1Affiliates

o 5.2Joint ventures

o 5.3Partially owned companies

6Major clients

7Logo and font

o 7.1Audio logo

o 7.2Font

8Samsung Medical Center

9Sponsorships

10Litigation and regulatory issues

o 10.1Financial scandals

o 10.2Antitrust concerns

o 10.3Viral marketing

o 10.4Labor abuses

o 10.5Price fixing

11References

12External links
Etymology
According to Samsung's founder, the meaning of the Korean hanja word Samsung () is "tri-star"
or "three stars". The word "three" represents something "big, numerous and powerful". [16]

History
1938 to 1970

The headquarters of Sanghoes in Daegu in the late 1930s

In 1938, Lee Byung-chull (19101987) of a large landowning family in the Uiryeong county moved to
nearby Daegu city and founded Samsung Sanghoe (, ). Samsung started out as a
small trading company with forty employees located in Su-dong (now Ingyo-dong). [17] It dealt in dried-
fish,[18] locally-grown groceries and made noodles. The company prospered and Lee moved its head
office to Seoul in 1947. When the Korean War broke out, he was forced to leave Seoul. He started
a sugar refinery in Busan named Cheil Jedang. In 1954, Lee founded Cheil Mojik and built the plant
in Chimsan-dong, Daegu. It was the largest woollen mill ever in the country.
Samsung diversified into many different areas. Lee sought to establish Samsung as leader in a wide
range of industries. Samsung moved into lines of business such as insurance, securities and retail.
President Park Chung Hee placed great importance on industrialization. He focused his economic
development strategy on a handful of large domestic conglomerates, protecting them from
competition and assisting them financially.[19]
In 1947, Cho Hong-jai, the Hyosung group's founder, jointly invested in a new company called
Samsung Mulsan Gongsa, or the Samsung Trading Corporation, with the Samsung's founder Lee
Byung-chull. The trading firm grew to become the present-day Samsung C&T Corporation. After a
few years, Cho and Lee separated due to differences in management style. Cho wanted a 30 equity
share. Samsung Group was separated into Samsung Group and Hyosung Group, Hankook Tire and
other businesses.[20][21]
In the late 1960s, Samsung Group entered the electronics industry. It formed several electronics-
related divisions, such as Samsung Electronics Devices, Samsung Electro-Mechanics, Samsung
Corning and Samsung Semiconductor & Telecommunications, and made the facility in Suwon. Its
first product was a black-and-white television set.
1970 to 1990
The SPC-1000, introduced in 1982, was Samsung's first personal computer (Korean market only) and used an
audio cassette tape to load and save data the floppy drive was optional[22]

In 1980, Samsung acquired the Gumi-based Hanguk Jeonja Tongsin and entered
telecommunications hardware. Its early products were switchboards. The facility was developed into
the telephone and fax manufacturing systems and became the center of Samsung's mobile phone
manufacturing. They have produced over 800 million mobile phones to date. [23] The company
grouped them together under Samsung Electronics in the 1980s.
After Lee, the founder's death in 1987, Samsung Group was separated into four business groups
Samsung Group, Shinsegae Group, CJ Group and the Hansol Group.[24]Shinsegae (discount store,
department store) was originally part of Samsung Group, separated in the 1990s from the Samsung
Group along with CJ Group (Food/Chemicals/Entertainment/logistics), and the Hansol Group
(Paper/Telecom). Today these separated groups are independent and they are not part of or
connected to the Samsung Group.[25] One Hansol Group representative said, "Only people ignorant
of the laws governing the business world could believe something so absurd", adding, "When Hansol
separated from the Samsung Group in 1991, it severed all payment guarantees and share-holding
ties with Samsung affiliates." One Hansol Group source asserted, "Hansol, Shinsegae, and CJ have
been under independent management since their respective separations from the Samsung Group".
One Shinsegae department store executive director said, "Shinsegae has no payment guarantees
associated with the Samsung Group".[25]
In 1980s, Samsung Electronics began to invest heavily in research and development, investments
that were pivotal in pushing the company to the forefront of the global electronics industry. In 1982, it
built a television assembly plant in Portugal; in 1984, a plant in New York; in 1985, a plant in Tokyo;
in 1987, a facility in England; and another facility in Austin, Texas, in 1996. As of 2012, Samsung has
invested more than US$13,000,000,000 in the Austin facility, which operates under the name
Samsung Austin Semiconductor. This makes the Austin location the largest foreign investment
in Texas and one of the largest single foreign investments in the United States.[26][27]
1990 to 2000
Samsung started to rise as an international corporation in the 1990s. Samsung's construction
branch was awarded contracts to build one of the two Petronas Towers in Malaysia, Taipei 101 in
Taiwan and the Burj Khalifa in United Arab Emirates.[28] In 1993, Lee Kun-hee sold off ten of
Samsung Group's subsidiaries, downsized the company, and merged other operations to
concentrate on three industries: electronics, engineering and chemicals. In 1996, the Samsung
Group reacquired the Sungkyunkwan University foundation.
Samsung became the world's largest producer of memory chips in 1992 and is the world's second-
largest chipmaker after Intel (see Worldwide Top 20 Semiconductor Market Share Ranking Year by
Year).[29] In 1995, it created its first liquid-crystal display screen. Ten years later, Samsung grew to be
the world's largest manufacturer of liquid-crystal display panels. Sony, which had not invested in
large-size TFT-LCDs, contacted Samsung to cooperate, and, in 2006, S-LCD was established as a
joint venture between Samsung and Sony in order to provide a stable supply of LCD panels for both
manufacturers. S-LCD was owned by Samsung (50% plus one share) and Sony (50% minus one
share) and operates its factories and facilities in Tangjung, South Korea. As of 26 December 2011, it
was announced that Samsung had acquired the stake of Sony in this joint venture. [30]
Compared to other major Korean companies, Samsung survived the 1997 Asian financial
crisis relatively unharmed. However, Samsung Motor was sold to Renault at a significant loss. As of
2010, Renault Samsung is 80.1 percent owned by Renault and 19.9 percent owned by Samsung.
Additionally, Samsung manufactured a range of aircraft from the 1980s to 1990s. The company was
founded in 1999 as Korea Aerospace Industries (KAI), the result of merger between then three
domestic major aerospace divisions of Samsung Aerospace, Daewoo Heavy Industries and Hyundai
Space and Aircraft Company. However, Samsung still manufactures aircraft engines and gas
turbines.[31]
2000 to 2015
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In 2000, Samsung opened a computer programming laboratory in Warsaw, Poland. Its work began
with set-top-box technology before moving into digital TV and smartphones. As of 2011, the Warsaw
base is Samsung's most important R&D center in Europe, forecast to be recruiting 400 new-hires per
year by the end of 2013.[32]

The prominent Samsung sign in Times Square, New York City

In 2010, Samsung announced a ten-year growth strategy centered around five businesses. [33] One of
these businesses was to be focused on biopharmaceuticals, to which has
committed 2,100,000,000,000.[34]
In December 2011, Samsung Electronics sold its hard disk drive business to Seagate.[35]
In first quarter of 2012, Samsung Electronics became the world's largest mobile phone maker by unit
sales, overtaking Nokia, which had been the market leader since 1998. [36][37] On 21 August's edition of
the Austin American-Statesman, Samsung confirmed plans to spend 3 to 4 billion dollars converting
half of its Austin chip manufacturing plant to a more profitable chip.[38] The conversion should start in
early 2013 with production on line by the end of 2013. On 14 March 2013, Samsung unveiled
the Galaxy S4.
On 24 August 2012, nine American jurors ruled that Samsung had to pay Apple $1.05 billion in
damages for violating six of its patents on smartphone technology. The award was still less than the
$2.5 billion requested by Apple. The decision also ruled that Apple did not violate five Samsung
patents cited in the case.[39] Samsung decried the decision saying that the move could harm
innovation in the sector.[40] It also followed a South Korean ruling stating that both companies were
guilty of infringing on each other's intellectual property.[41] In first trading after the ruling, Samsung
shares on the Kospi index fell 7.7%, the largest fall since 24 October 2008, to 1,177,000 Korean
won.[42] Apple then sought to ban the sales of eight Samsung phones (Galaxy S 4G, Galaxy S2 AT&T,
Galaxy S2 Skyrocket, Galaxy S2 T-Mobile, Galaxy S2 Epic 4G, Galaxy S Showcase, Droid Charge
and Galaxy Prevail) in the United States[43] which has been denied by the court.[44]
On 4 September 2012, Samsung announced that it plans to examine all of its Chinese suppliers for
possible violations of labor policies. The company said it will carry out audits of 250 Chinese
companies that are its exclusive suppliers to see if children under the age of 16 are being used in
their factories.[45]
In 2013, a New Zealand news outlet reported a number of Samsung washing machines
spontaneously catching on fire.[46] The corporation is expected to spend $14 billion on advertising and
marketing in 2013, with publicity appearing in TV and cinema ads, on billboards and at sports and
arts events. In November 2013, the corporation was valued at $227 billion. [47]
In May 2014, Samsung announced it will be shutting down its streaming service on 1 July 2014, also
meaning the end of the Samsung Music Hub app that typically comes installed on its Android
phones.[48]
On 3 September 2014, Samsung announced Gear VR, a virtual reality device in collaboration
with Oculus VR and developed for the Galaxy Note 4.[49]
In October 2014, Samsung announced a $14.7 billion investment to build a chip plant in South
Korea. Construction will begin next year with production beginning in 2017. The company has not
yet decided the type of chips to be produced.[50]
In October 2014, Samsung also announced it would invest 633 billion South Korean won ($560
million USD) in the construction of a new 700,000 square metre production complex in Vietnam. [51]
Samsung plans to launch a new set of services beginning early 2015. The goal of this new suite of
business offerings, dubbed Samsung 360 Services, is to become a help desk of sorts for businesses
IT departments. The customizable services range from technical support to security solutions for
having a Samsung employee embedded in a client's business as an on-site support manager or
technology consultant.[52]
On 2 December 2014, Samsung announced it will sell Fiber Optics to U.S. speciality glass
manufacturer Corning Inc.[53]
Samsung Electronics Inc. is expanding in Silicon Valley with a $300 million facility in San Jose,
California. The 10-story complex will include 1.1 million square feet of floor space, a clean room for
semiconductors and a "fitness center in the sky". The facility will be split between semiconductor
research and development and other sales and marketing functions. It will serve as the North
America headquarters for semiconductor operations. [54]
In 2015, Samsung has been granted more U.S. patents than any other company - including IBM,
Google, Sony, Microsoft and Apple. The company received 7,679 utility patents through 11
December.[55]
2016
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In January 2016, Samsung announced it will be working with Microsoft to develop IoT devices based
on Windows 10, where the companies will work together to develop products that will run on the
platform, as well as integrate with other companies developing hardware and services on Microsoft's
OS.[56]
Samsung released a fitness smartwatch called the Gear Fit 2 and a brand of wireless earbuds called
Gear Icon X.[57]
On 2 August 2016, Samsung unveiled the Galaxy Note7 smartphone, which went on sale on 19
August 2016. However, in early September 2016, Samsung suspended sales of the phone and
announced an informal recall. This occurred after some units of the phones had batteries with a
defect that caused them to produce excessive heat, leading to fires and explosions. Samsung
replaced the recalled units of the phones with a new version; however, it was later discovered that
the new version of the Galaxy Note7 also had the battery defect. Samsung recalled all Galaxy Note7
smartphones worldwide on 10 October 2016, and permanently ended production of the phone the
following day.
On 31 August 2016, Samsung announced the Gear S3 smartwatch, which was released on 18
November 2016.[58]

Acquisitions and attempted acquisitions

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Samsung has made the following acquisitions and attempted acquisitions: [59]
Rollei Swiss watch battle
Samsung Techwin acquired German camera-maker Rollei in 1995. Samsung (Rollei) used its
optic expertise on the crystals of a new line of 100% Swiss-made watches, designed by a
team of watchmakers at Nouvelle Piquerez S.A. in Bassequort, Switzerland. Rolex's decision
to fight Rollei on every front stemmed from the close resemblance between the two names
and fears that its sales would suffer as a consequence. In the face of such a threat, the
Geneva firm decided to confront. This was also a demonstration of the Swiss watch
industry's determination to defend itself when an established brand is threatened. Rolex sees
this front-line battle as vital for the entire Swiss watch industry. Rolex has succeeded in
keeping Rollei out of the German market. On 11 March 1995, the Cologne District court
prohibited the advertising and sale of Rollei watches on German territory.[60][61] In 1999, Rollei
management bought out the company.[62]
Fokker Dutch aircraft maker
Samsung lost a chance to revive its failed bid to take over Dutch aircraft maker Fokker when
other airplane makers rejected its offer to form a consortium. The three proposed partners
Hyundai, Hanjin and Daewoonotified the South Korean government that they would not
join Samsung Aerospace Industries.[63]
AST Research
Samsung bought AST (1994) in a failed attempt to break into the North American computer
market. Samsung was forced to close the California-based computer maker following mass
resignations of research staff and a string of losses. [64]
FUBU clothing and apparel
In 1992, American fashion entrepreneur Daymond John had started the company with a hat
collection that was made in the basement of his house in the Queens area of New York City.
To fund the company, John had to mortgage his house for $100,000. With his friends
J. Alexander Martin, Carl Brown and Keith Perrin, half of his house was turned into the first
factory of FUBU, while the other half remained as the living quarters. Along with the
expansion of FUBU, Samsung invested in FUBU in 1995.[65]
Lehman Brothers Holdings' Asian operations
Samsung Securities was one of a handful of brokerages looking into Lehman Brothers
Holdings. But Nomura Holdings has reportedly waved the biggest check to win its bid for
Lehman Brothers Holdings' Asian operations, beating out Samsung Securities, Standard
Chartered and Barclays.[66] Ironically, after few months Samsung Securities Co., Ltd. and City
of London-based N M Rothschild & Sons (more commonly known simply as Rothschild)
have agreed to form a strategic alliance in investment banking business. Two parties will
jointly work on cross border mergers and acquisition deals.[67]
MEDISON Co.,Ltd. ultrasound monitors
In December 2010, Samsung Electronics bought MEDISON Co., a South Korean medical-
equipment company, the first step in a long-discussed plan to diversify from consumer
electronics.[68]
Grandis Inc. memory developer
In July 2011, Samsung announced that it had acquired spin-transfer torque random access
memory (MRAM) vendor Grandis Inc.[69] Grandis will become a part of Samsung's R&D
operations and will focus on development of next generation random-access memory.[70]
Samsung and Sony joint venture liquid crystal displays
On 26 December 2011 the board of Samsung Electronics approved a plan to buy Sony's
entire stake in their 2004 joint liquid crystal display (LCD) venture for 1.08 trillion won
($938.97 million).[71]
mSpot, Inc music service
On 9 May 2012, mSpot announced that it had been acquired by Samsung Electronics with
the intention of a cloud based music service.[72] The succeeding service was Samsung Music
Hub.
NVELO, Inc. cache software developer
In December 2012, Samsung announced that it had acquired the privately held storage
software vendor NVELO, Inc., based in Santa Clara, California.[73] NVELO will become part of
Samsung's R&D operations, and will focus on software for intelligently managing and
optimizing next-generation Samsung SSD storage subsystems for consumer and enterprise
computing platforms.
NeuroLogica portable CT scanner
In January 2013, Samsung announced that it has acquired medical imaging company
NeuroLogica, part of the multinational conglomerate's plans to build a leading medical
technology business. Terms of the deal were not disclosed.[74]
SmartThings home automation
On 14 August 2014, Samsung acquired SmartThings, a fast-growing home automation
startup. The company isn't releasing the acquisition price, but TechCrunch reported a $200
million pricetag when first caught word of the deal in July 2014.[75]
Quietside U.S. air conditioner firm
On 19 August 2014, Samsung said it had acquired U.S. air conditioner distributor Quietside
LLC as part of its push to strengthen its "smart home" business. A Samsung Electronics
spokesman said the South Korean company acquired 100 percent of Quietside, but declined
to elaborate on the price or other details.[76]
Proximal Data data virtualization
3 November 2014, Samsung announced it had acquired Proximal Data, Inc., a San Diego,
California-based pioneer of server-side caching software with I/O intelligence that work within
virtualized systems.[77]
LoopPay U.S. mobile payments firm
On 18 February 2015, Samsung acquired U.S. based mobile payments firm "LoopPay" - This
allows Samsung in smartphone transactions.[78]
 YESCO Electronics U.S. based
manufacturer of light emitting diode
displays
On 5 March 2015, Samsung acquired small U.S.-based manufacturer of light emitting diode
displays, YESCO Electronics, which focuses on making digital billboards and message
signs.[79]
Viv intelligent personal
assistant
On 5 October 2016, Samsung announced it had acquired Viv, a company working
on artificial intelligence.[80]
Rich Communications
Services text messaging
standard
On 15 November 2016, Samsung Canada announced it has acquired Rich Communications
Services, a company working on a new technology for text messaging. [81]

Sold parts
Samsung Techwin
Samsung Techwin was
listed on the Korea
Exchange stock-
exchange (number
012450), with its principal
activities being the
development and
manufacture
of surveillance, aeronautic
s, optoelectronics, autom
ations and weapons
technology. It was
announced to be sold
to Hanwha Group in
December 2014[82] and the
take-over completed in
June 2015.[83]
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.
[84]
Samsung's involvement
was passed on to
Hanwha Group as part of
the Techwin transaction.[83]
Samsung General
Chemicals
This section needs expansion. You
can help by adding to it.(September
2015)

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.[83]

Operations

The Samsung Library

at Sungkyunkwan
University Natural
 Sciences Campus in
Suwon, South Korea

Samsung Fire & Marine

Insurance HQ

Samsung comprises
around 80 companies.[85] It
is highly diversified, with
activities in areas
including construction, co
nsumer
electronics, financial
services, shipbuilding and
medical services.[85]
In FY 2009, Samsung
reported consolidated
revenues of 220
trillion KRW ($172.5
billion). In FY 2010,
Samsung reported
consolidated revenues of
280 trillion KRW ($258
billion), and profits of 30
trillion KRW ($27.6 billion)
(based upon a KRW-USD
exchange rate of 1,084.5
KRW per USD, the spot
rate as of 19 August
2011).[86] However, it
should be noted that
these amounts do not
include the revenues from
all of Samsung's
subsidiaries based
outside South Korea.[87]
Affiliates
As of April 2011, the
Samsung Group
comprised 59 unlisted
companies and 19 listed
companies, all of which
had their primary listing
on the Korea Exchange.[88]
Principal subsidiary and
affiliate companies of
Samsung include:
Ace Digitech
Ace Digitech is listed on
the Korea Exchange
stock-exchange (number
036550).
Cheil Industries
Cheil Industries is listed
on the Korea Exchange
stock-exchange (number
001300).[89]
Cheil Worldwide
Cheil Worldwide is listed
on the Korea Exchange
stock-exchange (number
030000).
Credu
Credu is listed on the
Korea Exchange stock-
exchange (number
067280).
Imarket Korea
Imarket Korea is listed on
the Korea Exchange
stock-exchange (number
122900).
Samsung Card
Samsung Card is listed
on the Korea Exchange
stock-exchange (number
029780).
Samsung SDS
Main article: Samsung
SDS
Samsung SDS is a
multinational IT Service
company headquartered
in Seoul. It was founded
in March 1985. Its
principal activity is the
providing IT system(ERP,
IT Infrastructure, IT
Consulting, IT
Outsourcing, Data
Center). Samsung SDS is
the Korea's largest IT
service company. It
achieved total revenues
of 6,105.9 billion won
(US$5.71 billion) in 2012.
Samsung C&T
Corporation
Samsung C&T
Corporation is listed on
the Korea Exchange
stock-exchange (000830).
Samsung Electro-
Mechanics
Samsung Electro-
Mechanics, established in
1973 as a manufacturer
of key electronic
components, is
headquartered
in Suwon, Gyeonggi-do,
South Korea. It is listed
on the Korea Exchange
stock-exchange (number
009150).[90]
Samsung Electronics
Main article: Samsung
Electronics
Samsung Electronics is a
multinational electronics
and information
technology company
headquartered
in Suwon and the flagship
company of the Samsung
Group.[91] Its products
include air conditioners,
computers, digital
televisions, liquid crystal
displays (including thin
film transistors (TFTs)
and active-matrix organic
light-emitting
diodes (AMOLEDs)),
mobile phones, monitors,
printers, refrigerators,
semiconductors
and telecommunications
networking equipment.[92] I
t is the world's largest
mobile phone maker by
unit sales in the first
quarter of 2012, with a
global market share of
25.4%.[93] It is also the
world's second-largest
semiconductor maker by
2011 revenues
(after Intel).[94]
Samsung Electronics is
listed on the Korea
Exchange stock-
exchange (number
005930).
Samsung Engineering
Main article: Samsung
Engineering
Samsung Engineering is
a multinational
construction company
headquartered in Seoul. It
was founded in January
1969. Its principal activity
is the construction of oil
refining plants; upstream
oil and gas facilities;
petrochemical plants and
gas plants; steel making
plants; power
plants; water treatment
facilities; and other
infrastructure.[95] It
achieved total revenues
of 9,298.2 billion won
(US$8.06 billion) in 2011.
[96]
Samsung Engineering is
listed on the Korea
Exchange stock-
exchange (number
02803450).
Samsung Everland
Samsung
Everland engages in an
array of services closely
associated with the day-
to-day lives and business
operations of its
customers. Its business
scope covers the three
main sectors of
Environment & Asset,
Food Culture and Resort.
Since its inception in 1963
and the launch of theme
park "Everland" in 1976,
Samsung Everland has
steadily built its presence
across the markets of
golf, building
management, food and
beverage, energy and
environment. Through this
process, Samsung
Everland has managed to
achieve its current market
standing. As a corporation
trusted by the local
community and renowned
globally as a pioneer in
the infrastructure of life,
Samsung Everland strives
to help its customers lead
fulfilling lives and achieve
success in their business
operations by building the
infrastructure for every
aspect of life including
entertainment, culinary
and business.
Samsung Fine
Chemicals
Samsung Fine Chemicals
is listed on the Korea
Exchange stock-
exchange (number
004000).
Samsung Fire & Marine
Insurance
Main article: Samsung
Fire & Marine Insurance
Samsung Fire & Marine
Insurance is a
multinational general
insurance company
headquartered in Seoul.
[97]
It was founded in
January 1952 as Korea
Anbo Fire and Marine
Insurance and was
renamed Samsung Fire &
Marine Insurance in
December 1993.
[98]
Samsung Fire & Marine
Insurance offers services
including accident
insurance, automobile
insurance, casualty
insurance, fire
insurance, liability
insurance, marine
insurance, personal
pensions and loans.[99] As
of March 2011 it had
operations in 10 countries
and 6.5 million customers.
[99]
Samsung Fire & Marine
Insurance had a total
premium income of $11.7
billion in 2011 and total
assets of $28.81 billion on
31 March 2011.[99] It is the
largest provider of general
insurance in South Korea.
Samsung Fire has been
listed on the Korea
Exchange stock-
exchange since 1975
(number 000810).[99]
Samsung Heavy
Industries
Main article: Samsung
Heavy Industries
Samsung Heavy
Industries is
a shipbuilding and
engineering company
headquartered in Seoul. It
was founded in August
1974. Its principal
products are bulk carriers,
container vessels, crude
oil tankers, cruisers,
passenger ferries,
material handling
equipment steel and
bridge structures.[100] It
achieved total revenues
of 13,358.6 billion won in
2011 and is the world's
second-largest
shipbuilder by revenues
(after Hyundai Heavy
Industries).[101][102]
Samsung Heavy
Industries is listed on the
Korea Exchange stock-
exchange (number
010140).
Samsung Life Insurance
Main article: Samsung
Life Insurance
Samsung Life Insurance
Co., Ltd. is a multinational
life insurance company
headquartered in Seoul. It
was founded in March
1957 as Dongbang Life
Insurance and became an
affiliate of the Samsung
Group in July 1963.
[103]
Samsung Life's
principal activity is the
provision of individual life
insurance and annuity
products and services.
[104]
As of December 2011
it had operations in seven
countries, 8.08 million
customers and 5,975
employees.[103] Samsung
Life had total sales of
22,717 billion won in 2011
and total assets of
161,072 billion won at 31
December 2011.[103] It is
the largest provider of life
insurance in South Korea.
Samsung Life Insurance
is listed on the Korea
Exchange stock-
exchange (number
032830)
Samsung Machine Tools
Samsung Machine Tools
of America is a national
distributor of machines in
the United States.
Samsung GM Machine
Tools is the head office of
China, It is an SMEC
Legal incorporated
company.[105]
Samsung Medical
Center
The Samsung Medical
Center was founded on 9
November 1994, under
the philosophy of
"contributing to improving
the nation's health
through the best medical
service, advanced
medical research and
development of
outstanding medical
personnel". The Samsung
Medical Center consists
of a hospital and a cancer
center. The hospital is
located in an intelligent
building with floor space
of more than 200,000
square meters and 20
floors above ground and 5
floors underground,
housing 40 departments,
10 specialist centers, 120
special clinics and 1,306
beds.
The 655-bed Cancer
Center has 11 floors
above ground and 8 floors
underground, with floor
space of over 100,000
square meters. SMC is a
tertiary hospital manned
by approximately 7,400
staff including over 1,200
doctors and 2,300 nurses.
Since its foundation, the
Samsung Medical Center
has successfully
incorporated and
developed an advanced
model with the motto of
becoming a "patient-
centered hospital", a new
concept in Korea. [106]
Samsung SDI
Samsung SDI is listed on
the Korea Exchange
stock-exchange (number
006400). On 5 December
2012, the European
Union's antitrust regulator
fined Samsung SDI and
several other major
companies for fixing
prices of TV cathode-ray
tubes in two cartels
lasting nearly a decade.
[107]
SSDI also
builds lithium-ion
batteries for electric
vehicles such as
the BMW i3, and
acquired Magna Steyr's
battery plant in 2015.
[108]
SSDI began using the
"21700" cell format in
August 2015.[109] Samsung
plans to build a factory in
Hungary to supply 50,000
cars per year.[110]
Samsung Securities
Samsung Securities is
listed on the Korea
Exchange stock-
exchange (number
016360).
Samtron
Samtron was a subsidiary
of Samsung until 1999
when it became
independent. After that, it
continued to make
computer monitors and
plasma displays until
2003, Samtron became
Samsung when Samtron
was a brand. In 2003 the
website redirects to
Samsung.
Shilla Hotels and
Resorts
The Hotel opened in
March 1979, following the
intention of the late Lee
Byung-chull, the founder
of the Samsung Group.
Hosting numerous state
visits and international
events, it has played the
role of locomotive for the
service industry in Korea
with pride and
responsibility as "the face
representing the
Samsung Group" and "the
hotel representing Korea".
THE SHILLA maintains
elegance and a tradition
of winning guests' hearts
with the aim of becoming
"the
best hospitality company".
By joining LHW, it is on
par with the most
luxurious hotels in the
world. Meanwhile, it has
added modernistic design
elements on top of the
roof called tradition, thus
going through changes to
make itself a premium
lifestyle space. In
addition, with its know-
how as a service
company in the
background, it started
a duty-free
shop business, and has
built its image as the best
global distribution
company. Also, it is
expanding its business
into commissioned
management of fitness
facilities with five-star
hotels in Korea and
abroad as well as into the
restaurant business. THE
SHILLA promises to be a
globally prestigious
hospitality company that
offers the best value for
money by making creative
innovations and
continuously taking on
challenges. Shilla Hotels
and Resorts is listed on
the Korea Exchange
stock-exchange (number
008770).
S-1 Corporation
S-1 was founded as
Korea's first specialized
security business in 1997
and has maintained its
position at the top of
industry with the
consistent willingness to
take on challenges. S1
Corporation is listed on
the Korea Exchange
stock-exchange (number
012750).

Samsung Taepyeong-ro
HQ in Jung District, Seoul


Samsung Engineering
India Office- New Delhi,
India

Samsung Japan's regional

HQ
at Roppongi, Minato, Toky
o, Japan

The Samsung Hub,

formerly 3 Church Street,
is a skyscraper located in
the Downtown Core of
Singapore.
Joint ventures
T
T
s
 2

aT Grain
State-run Korea Agro-
Fisheries Trade Corp. set
up the venture, aT Grain
Co., in Chicago, with
three other South Korean
companies, Korea Agro-
Fisheries owns 55
percent of aT Grain, while
Samsung C&T
Corp, Hanjin Transportati
on Co. and STX
Corporation each hold 15
percent.[111]
Brooks Automation Asia
Brooks Automation Asia
Co., Ltd. is a joint venture
between Brooks
Automation (70%) and
Samsung (30%) which
was established in 1999.
The venture locally
manufactures and
configure
vacuum wafer handling
platforms and
300mm Front-Opening
Unified Pod (FOUP) load
port modules, and
designs, manufactures
and configures
atmospheric loading
systems for flat panel
displays.[112]
POSCO-Samsung
Slovakia Steel
Processing Center
Company POSS SLPC
s.r.o. was founded in
2007 as a subsidiary of
Samsung C & T
Corporation, Samsung C
& T Deutschland and the
company POSCO.[113]
Samsung Air China Life
Insurance
Samsung Air China Life
Insurance is a 50:50 joint
venture between
Samsung Life Insurance
and China National
Aviation Holding. It was
established in Beijing in
July 2005.[114]
Samsung Biologics
Samsung Electronics Co.
and Samsung Everland
Inc. will each own a 40
percent stake in the
venture, with Samsung
C&T Corp. and Durham,
North Carolina-
based Quintiles each
holding 10 percent. It will
contract-make medicines
made from living cells,
and Samsung Group
plans to expand into
producing copies of
biologics
including Rituxan,
the leukemia and lympho
ma treatment sold
by Roche Holding
AG and Biogen Idec Inc.
[115]

Samsung Bioepis
Samsung Bioepis is a
joint venture between
Samsung Biologics (85%)
and the U.S.-
based Biogen Idec (15%).
[116]
In 2014, Biogen Idec
agreed to commercialize
future anti-TNF biosimilar
products in Europe
through Samsung
Bioepis.[117]
Samsung BP Chemicals
Samsung BP Chemicals,
based in Ulsan, is a 49:51
joint venture between
Samsung and the UK-
based BP, which was
established in 1989 to
produce and supply high-
value-added chemical
products. Its products are
used in rechargeable
batteries and liquid crystal
displays.[118][119][120]
Samsung Corning
Precision Glass
Samsung Corning
Precision Glass is a joint
venture between
Samsung and Corning,
which was established in
1973 to manufacture and
market cathode ray tube
glass for black and white
televisions. The
company's first LCD glass
substrate manufacturing
facility opened in Gumi,
South Korea, in 1996.
Samsung Sumitomo
LED Materials
Samsung Sumitomo LED
Materials is a Korea-
based joint venture
between Samsung LED
Co., Ltd., an LED maker
based in Suwon, Korea-
based and the Japan-
based Sumitomo
Chemical. The JV will
carry out research and
development,
manufacturing and sales
of sapphire substrates for
LEDs.[121]
SB LiMotive
SB LiMotive is a 50:50
joint company of Robert
Bosch GmbH (commonly
known as Bosch) and
Samsung SDI founded in
June 2008. The joint
venture develops and
manufactures lithium-ion
batteries for use in
hybrid-, plug-in hybrid
vehicles and electric
vehicles.
SD Flex
SD Flex Co., Ltd. was
founded on October 2004
as a joint venture
corporation by Samsung
and DuPont, one of the
world's largest chemical
companies.[122]
Sermatech Korea
Sermatech owns 51% of
its stock, while Samsung
owns the remaining 49%.
The U.S. firm Sermatech
International, for a
business specializing in
aircraft construction
processes such as
special welding and
brazing.[123]
Siam Samsung Life
Insurance
Samsung Life Insurance
holds a 37% stake while
the Saha Group also has
a 37.5% stake in the joint
venture, with the
remaining 25% owned by
Thanachart Bank.[124]
Siltronic Samsung
Wafer
Siltronic Samsung Wafer
Pte. Ltd, the joint venture
by Samsung and wholly
owned Wacker
Chemie subsidiary
Siltronic, was officially
opened in Singapore in
June 2008.[125]
SMP
SMP Ltd. is a joint venture
between Samsung Fine
Chemicals and MEMC.
MEMC Electronic
Materials Inc. and an
affiliate of Korean
conglomerate Samsung
are forming a joint venture
to build
a polysilicon plant.
Steco
Steco Co. is the joint
venture established
between Samsung
Electronics and
Japan's Toray
Industries in 1995.[126]
Stemco
Stemco is a joint venture
established between
Samsung Electro-
Mechanics and Toray
Industries in 1995.[127]
Toshiba Samsung
Storage Technology
Toshiba Samsung
Storage Technology
Corporation (TSST) is
joint venture between
Samsung Electronics
and Toshiba of Japan
which specialises in
optical disc drive
manufacturing. TSST was
formed in 2004, and
Toshiba owns 51% of its
stock, while Samsung
owns the remaining 49%.
Defunct
Alpha Processor
In 1998, Samsung
created a U.S. joint
venture with Compaq
called Alpha Processor
Inc. (API)--to help it enter
the high-end processor
market. The venture was
also aimed at expanding
Samsung's non-memory
chip business by
fabricating Alpha
processors. At the time,
Samsung and Compaq
invested $500 million in
Alpha Processor.[128]
GE-Samsung Lighting
GE Samsung Lighting
was a joint venture
between Samsung and
the GE Lighting
subsidiary of General
Electric. The venture was
established in 1998 and
was broken up in 2009.[129]
Global Steel Exchange
Global Steel Exchange
was a joint venture
formed in 2000 between
Samsung, the U.S.-
based Cargill, the
Switzerland-based
Duferco Group, and the
Luxembourg-based
Tradearbed (now part of
the ArcelorMittal), to
handle their online buying
and selling of steel.[130]
S-LCD
S-LCD Corporation was a
joint venture between
Samsung Electronics
(50% plus one share) and
the Japan-based Sony
Corporation (50% minus
one share) which was
established in April 2004.
On 26 December 2011,
Samsung Electronics
announced that it would
acquire all of Sony's
shares in the venture.
Partially owned
companies
T
T
c
h

Atlntico Sul
Samsung Heavy
Industries owns 10% of
the
Brazilian shipbuilder Atln
tico Sul, whose Atlntico
Sul Shipyard is the
largest shipyard in South
America. The Joao
Candido, Brazil's largest
ship, was built by
Atlntico Sul with
technology licensed by
Samsung Heavy
Industries.[131] The
companies have a
technical assistance
agreement through which
industrial design, vessel
engineering and other
know-how is being
transferred to Atlntico
Sul.[132]
DGB Financial Group
Samsung Life Insurance
currently holds a 7.4%
stake in the South Korean
banking company DGB
Financial Group, making it
the largest shareholder.[133]
Corning Inc.
Samsung acquired 7.4%
of Gorilla
Glass maker Corning,
signing a long-term
supply deal.[134]
Doosan Engine
Samsung Heavy
Industries currently holds
a 14.1% stake in Doosan
Engine, making it the
second-largest
shareholder.[135]
Korea Aerospace
Industries
Samsung
Techwin currently holds a
10% stake in Korea
Aerospace
Industries (KAI). Other
major shareholders
include the state-owned
Korea Finance
Corporation
(26.75%), Hyundai
Motor (10%)
and Doosan (10%).[136]
MEMC KOREA
MEMC's joint venture with
Samsung Electronics
Company, Ltd. In 1990,
MEMC entered into a joint
venture agreement to
construct a silicon plant in
Korea.[137]
Pantech
Samsung buys 10% stake
in rival phone
maker Pantech.[138]
Rambus Incorporated
Samsung currently owns
4.19% of Rambus
Incorporated.[139]
Renault Samsung
Motors
Samsung currently owns
19.9% of the automobile
manufacturer Renault
Samsung Motors.
Seagate Technology
Samsung currently owns
9.6% of Seagate
Technology, making it the
second-largest
shareholder. Under a
shareholder agreement,
Samsung has the right to
nominate an executive to
Seagate's Board of
Directors.[140]
Sharp Corporation
Samsung owns 3%
of Sharp Corporation, a
rival company.[141]
SungJin Geotec
Samsung Engineering
holds a 10% stake in
Sungjin Geotec, an
offshore oil drilling
company that is a
subsidiary of POSCO.[142]
Taylor Energy
Taylor Energy is an
independent American oil
company that drills in the
Gulf of Mexico based
 in New Orleans,
Louisiana.[143]Samsung Oil
& Gas USA Corp.,
subsidiaries of Samsung,
currently owns 20% of
Taylor Energy.
Wacom
Samsung owns 5%
of Wacom.[144]

Major clients
T
T
c

The world's largest oil

and gas project,
Sakhalin II- Lunskoye
platform under
construction. The
topside facilities of the
LUN-A (Lunskoye) and
PA-B (Piltun
Astokhskoye) platforms
are being built at the
Samsung Heavy
Industry shipyard in
South Korea.[145]

Major clients of Samsung

include:
Royal Dutch Shell
Samsung Heavy Industries will be the sole provider of liquefied natural gas (LNG) storage
facilities worth up to US$50 billion to Royal Dutch Shell for the next 15 years.[146][147]
Shell unveiled plans to build the world's first floating liquefied natural gas (FLNG) platform. In
October 2012[148] at Samsung Heavy Industries' shipyard on Geoje Island in South Korea
work started on a "ship" that, when finished and fully loaded, will weigh 600,000 tonnes, the
world's biggest "ship". That is six times larger than the largest U.S. aircraft carrier.[149]
United Arab
Emirates
government
A consortium of South Korean firms, including Samsung, Korea Electric Power
Corporation and Hyundai, won a deal worth $40 billion to build nuclear power plants in the
United Arab Emirates.[150]
Ontario
government
The government of the Canadian province of Ontario signed off one of the world's
largest renewable energy projects, signing a deal worth $6.6 billion for an additional 2,500
MW of new wind and solar energy. Under the agreement, a consortium led by Samsung and
the Korea Electric Power Corporation will manage the development of 2,000 MW-worth of
new wind farms and 500 MW of solar capacity, while also building a manufacturing supply
chain in the province.[151]

Logo
and
font

Samsung Byeolpyo noodles l

used from late 1938 until rep
1958

Samsung Group logo, used 1

Samsung's current logo, in us
1993[152]

The
current
Samsung
logo
design is
intended
to
emphasiz
e
flexibility
and
simplicity
while
conveyin
ga
dynamic
and
innovativ
e image
through
the
ellipse,
the
symbol of
the
universe
and the
world
stage.
The
openings
on both
ends of
the
ellipse
where
the
letters
"S" and
"G" are
located
are
intended
to
illustrate
the
company'
s open-
mindedn
ess and
the
desire to
communi
cate with
the world.
The
English
rendering
is a
visual
expressio
n of its
core
corporate
vision,
excellenc
e in
customer
service
through
technolog
y.
The basic
color in
the logo
is blue,
which
Samsung
has
employed
for years,
symbolizi
ng
stability,
reliability
and corp
orate
social
responsib
ility.[153]
Audio
logo
Samsung
has an
audio
logo,
which
consists
of the
notes E,
A, D,
E. The
audio
logo was
produced
by Musik
vergnueg
en and
written
by Walter
Werzowa
.[154][155]
Font
In July
2016,
Samsung
unveiled
its
Samsung
One font,
a
typeface
that
hopes to
give a
consisten
t and
universal
visual
identity to
the wide
range of
Samsung
products.
Samsung
One was
designed
to be
used
across
Samsung
's diverse
device
portfolio,
with a
focus on
legibility
for
everythin
g from
smaller
devices
like
smartpho
nes to
larger
connecte
d TVs or
refrigerat
ors, as
well as
Samsung
marketin
g and
advertise
ments.
The font
family
supports
400
different
language
s through
over
25,000
character
s.[156]

Sams
ung
Medic
al
Cente
r
Samsung
donates
around
US$100
million
per
annum to
the Sams
ung
Medical
Center, a
non-profit
healthcar
e
provider
founded
by the
group in
1994.[157]
Samsung
Medical
Center
incorpora
tes
Samsung
Seoul
Hospital,
Kangboo
k
Samsung
Hospital,
Samsung
Changwo
n
Hospital,
Samsung
Cancer
Center
and
Samsung
Life
Sciences
Research
Center.
The
Samsung
Cancer
Center,
located in
Seoul, is
the
largest
cancer
center in
Asia.[158]
Samsung
Medical
Center
and
pharmac
eutical
multinatio
nal Pfizer
have
agreed to
collaborat
e on
research
to identify
the
genomic
mechanis
ms
responsib
le for
clinical
outcomes
in hepato
cellular
carcinom
a.[citation needed]

Spons
orship
s

A
Sams
ung
displa
y in
Salt
Lake
City
during
the
2002
 Winter
Olymp
ics

For more
details
on
Samsung
's sports
sponsors
hips,
see Sam
sung
Sports.

Samsung
have
been the
sponsors
of Premie
r
League f
ootball
club Chel
sea since
2005, the
sponsors
hip was
ended
after ten
years in
June
2015.[159]
Samsung
, which
started
as a
domestic
sponsor
of
the Olym
pics in Se
oul 1988,
has been
a
worldwid
e
Olympic
partner
since
the 1998
Winter
Olympics
.[160]
Samsung
operating
many
sports
clubs,
football
club Suw
on
Samsung
Bluewing
s,
baseball
club Sam
sung
Lions,
basketbal
l
club Seo
ul
Samsung
Thunders
,
volleyball
club Daej
eon
Samsung
Fire
Bluefang
s, etc.
Samsung
also
sponsors
a
former St
arCraft:
Brood
War and
current S
tarcraft
II and Le
ague of
Legends
professio
nal
gaming
team
named S
amsung
Galaxy.
Samsung
has
sponsore
d the
team
since
2000.
Samsung
Electroni
cs spent
an
estimated
$14
billion
(U.S.)
more
than
Iceland's
GDP
on
advertisin
g
and mark
eting in
2013. At
5.4% of
annual
revenue,
this is a
larger
proportio
n than
any of
the
world's
top-20
companie
s by
sales
(Apple sp
ent 0.6%
and Gen
eral
Motors s
pent
3.5%).
Samsung
became
the
world's
biggest
advertise
r in 2012,
spending
$4.3
billion,
compare
d to
Apple's
$1 billion.
Samsung
's global
brand
value of
$39.6
billion is
less than
half that
of Apple.
[161]

Samsung
is the
principal
partner of
the Sydn
ey Opera
House.[162]
In April
2016,
Samsung
were
announc
ed as the
main
sponsor
of
German
Football
League
team Fra
nkfurt
Universe.
Of the
sponsors
hip, the
Deputy
President
of
Samsung
Electroni
cs said "it
is
important
to
promote
athletic
excellenc
e not only
in
Germany
but also
in
Frankfurt.
Therefore
we
Frankfurt
Universe
want a
great first
season in
the
premier
league of
GFL".
The
partnersh
ip is for
three
years.[163]

Litiga
tion
and
regula
tory
issues
See
also: Sa
msung
Electroni
cs
Contro
versies,
and Sam
sung
Electroni
cs Viral
marketin
g
Financi
al
scanda
ls
In 2007,
former
Samsung
chief
lawyer
Kim Yong
Chul
claimed
that he
was
involved
in bribing
and fabri
cating
evidence
on behalf
of the
group's
chairman
Lee Kun-
hee and
the
company.
Kim said
that
Samsung
lawyers
trained
executive
s to serve
as scape
goats in a
"fabricate
d
scenario"
to protect
Lee,
even
though
those
executive
s were
not
involved.
Kim also
told the
media
that he
was
"sidelined
" by
Samsung
after he
refused
to pay a
$3.3
million
bribe to
the U.S.
Federal
District
Court
judge
presiding
over a
case
where
two of
their
executive
s were
found
guilty on
charges
related to
memory
chip price
fixing.
Kim
revealed
that the
company
had
raised a
large
amount
of secret
funds
through
bank
accounts
illegally
opened
under the
names of
up to
1,000
Samsung
executive
sunder
his own
name,
four
accounts
were
opened
to
manage
5 billion
won.[164]
Antitru
st
concer
ns
"You can
even say
the
Samsung
chairman
is more
powerful
than
the Presi
dent of
South
Korea.
[South]
Korean
people
have
come to
think of
Samsung
as
invincible
and
above
the law",
said Woo
Suk-
hoon,
host of a
popular
economic
s podcast
in
a Washin
gton
Post artic
le
headlined
"In South
Korea,
the
Republic
of
Samsung
",
published
on 9
Decembe
r 2012.
Critics
claimed
that
Samsung
knocked
out
smaller
business
es,
limiting
choices
for South
Korean
consume
rs, and
sometime
s
colluded
with
fellow
giants
to fix
prices wh
ile
bullying
those
who
investigat
e. Lee
Jung-
hee, a
South
Korean
presidenti
al
candidate
, said in a
debate,
"Samsun
g has the
governm
ent in its
hands.
Samsung
manages
the legal
world, the
press,
the
academic
s
and bure
aucracy".
[165]

Viral
marketi
ng
The Fair
Trade
Commiss
ion of
Taiwan is
investigat
ing
Samsung
and its
local
Taiwanes
e
advertisin
g agency
for false
advertisin
g. The
case was
commenc
ed after
the
Commiss
ion
received
complaint
s stating
that the
agency
hired
students
to attack
competito
rs of
Samsung
Electroni
cs in
online
forums.
[166]
Sams
ung
Taiwan
made an
announc
ement on
its Faceb
ook page
in which
it stated
that it
had not
interfered
with any
evaluatio
n report
and had
stopped
online
marketin
g
campaign
s that
constitute
d posting
or
respondi
ng to
content in
online
forums.
[167]

Labor
abuses
Samsung
was the
subject of
several
complaint
s about
child
labor in
its supply
chain
from
2012 to
2015.
In July
2014,
Samsung
cut its
contract
with
Shinyang
Electroni
cs after it
received
a
complaint
about the
company
violating
child
labor
laws.[168] S
amsung
says that
its
investigat
ion
turned up
evidence
of
Shinyang
using
underage
workers
and that
it severed
relations
immediat
ely per its
"zero
tolerance
" policy
for child
labor
violations
.
One of
Samsung
's
Chinese
supplier
factories,
HEG,
was
criticized
for using
underage
workers
by China
Labor
Watch
(CLW) in
July
2014.
HEG
denied
the
charges
and has
sued
China
Labor
Watch.[169]
[170]

CLW
issued a
statemen
t in
August
2014
claiming
that HEG
employed
over ten
children
under the
age of 16
at a
factory
in Huizho
u, Guang
dong.
The
group
said the
youngest
child
identified
was 14
years old.
Samsung
said that
it
conducte
d an
onsite
investigat
ion of the
productio
n line that
included
one-on-
one
interview
s but
found no
evidence
of child
labor
being
used.
CLW
responde
d that
HEG had
already
dismisse
d the
workers
described
in its
statemen
t before
Samsung
's
investigat
ors
arrived.
[168]

CLW also
claimed
that HEG
violated
overtime
rules for
adult
workers.
CLW said
a female
college
student
was only
paid her
standard
wage
despite
working
four
hours of
overtime
per day
even
though
Chinese
law
requires
ovetime
pay at
1.5 to 2.0
times
standard
wages.[168]
Price
fixing
On 19
October
2011,
Samsung
companie
s was
fined
145,727
,000 for
being
part of a
price
cartel of
ten
companie
s
for DRA
Ms which
lasted
from 1
July 1998
to 15
June
2002.
The
companie
s
received,
like most
of the
other
members
of the
cartel, a
10-%
reduction
for
acknowle
dging the
facts to
investigat
ors.
Samsung
had to
pay 90%
of their
share of
the
settlemen
t, but
Micron
avoided
payment
as a
result of
having
initially
revealed
the case
to
investigat
ors.[171]
In
Canada,
during
1999,
some
DRAM mi
cro chip
manufact
urers con
spired to
price fix,
among
the
accused
included
Samsung
. The
price fix
was
investigat
ed in
2002. A
recession
started to
occur
that year,
and the
price fix
ended;
however,
in 2014,
the
Canadian
governm
ent
reopened
the case
and
investigat
ed
silently.
Sufficient
evidence
was
found
and
presente
d to
Samsung
and two
other
manufact
urers
during
a class
action
lawsuit h
earing.
The
companie
s agreed
upon a
$120
million
agreeme
nt, with
$40
million as
a fine,
and $80
Million to
be paid
back to
Canadian
s who
purchase
da
computer
, printer,
MP3
player,
gaming
console
or
camera
from April
1999 to
June
2002.[172]

Refer
ences
1. ^
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