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About Samsung
The Samsung Group (Korean: 三星 그룹, Samseong Geurup) is South Korea's largest conglomerate (chaebol) and one of the largest multi-billion dollar corporations in the world leading several major global industries. It is composed of numerous multinational businesses, all united under the prestigious Samsung brand, one of the most valued global brands, including Samsung Electronics, the world's largest electronics company, Samsung Heavy Industries, one of the world's biggest shipbuilders and Samsung Engineering & Construction, a major global construction company. These three businesses form the core of Samsung Group and reflect its name — the meaning of the Korean word samsung is "tristar" or "three stars". The Samsung brand is the best known Korean brand in the world and in 2005, Samsung overtook Sony as the world's No.1 consumer electronics brand and became part of the Top 20 global brands overall. Samsung Group is also the leader in several other industries domestically, such as the financial, chemical, retail and entertainment industries.
Samsung Group is South Korea's largest company and exporter and the 5th largest transnational corporation in the world. It has been run by generations of one of the world's wealthiest families, currently helmed by chairman Lee Kun-Hee, the third son of the founder, Lee Byung-Chul. Samsung Group is recognized as the most prestigious firm in South Korea, attracting and owning many of the country's most intelligent and best talented pupils, with 25% of its employees having a PhD degree or equivalent. South Korean Samsung employees are also highly loyal to the company, working for very long hours with no weekends or holidays until they retire.
Many major South Korean corporation such as CJ Corporation, Shinsegae department store and Joong-Ang Ilbo daily newspaper were previously part of the Samsung Group, split apart by the government in order to reduce its power. Many leading companies in South Korea, notably iriver, the No.1 MP3 Player maker in South Korea and Naver, the No.1 Search Engine portal in South Korea, were established by ex-Samsung employees. A large number of South Korean firms, particularly those in the electronics industry, are dependent on Samsung for the supply of vital components or raw materials such as semiconductor chips or LCD panels. Consequently, Samsung is able to artifically moderate prices and has been criticised for handicapping other rivals, leading to bankruptcy of mid to small sized businesses as they cannot compete with Samsung. As a result, many have been taken over by Samsung Group, leading to a complete dominance by Samsung Group in many industries.
Samsung Group accounts for more than 20% of South Korea's total exports, with strong government support, including the ability to access unlimited amount of funds from major banks in South Korea. In many domestic industries, Samsung Group is the sole monopoly dominating a single market, its revenue as large as some developing countries' total GDP. The company owns or has taken over so many mid to small sized businesses that it is often called a 'colonial empire' or 'hungry dinosaur'. The company has a powerful influence on the country's economic development, politics, media and culture, being a major driving force behind the Miracle on the Han River. Many Koreans consider Samsung Group a symbol of national pride and businesses use its international success as a model, with the company being known as "Another Family" in South Korea. -
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Quotes about Samsung
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“ Until 2011, Samsung had been steadily closing the gap with Intel, with its share of global semiconductor market revenue rising from 3.9 percent in 2000 to 9.2 percent in 2010 ”
In The Cloud, Big Data and connected devices lift Intel semiconductors sales
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Mentioned In 47 Articles
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Sprint Professional Mobility Services Expand To Offer More Choices For Businesses To Simplify Management And Security Within A Complex ‘Bring Your Own Device' Workplace
Explore Field Technologies Online (May 7 2012)
...ble with the Sprint Professional Grade designation are the Motorola PHOTON 4G, Motorola Admiral and Samsung Galaxy S II Epic 4G Touch. Also included will be the recently announced HTC EVO 4G LTE (the availab... (Read Full Article)
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Can Samsung Make Enterprises Feel SAFE?
Explore InformationWeek (May 4 2012)
...d choose and offer their own customized management capabilities; the options we list here come from Samsung and some of the partners who have released details about how they will be supporting SAFE. SAFE-cer...
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Adopt 'be your own IT manager' mindset to deal with BYOD
Explore IT Business (Apr 25 2012)
...l businesses are turning to carriers and device makers to help them manage BYOD mobile devices like Samsung's new smartphone/tablet hybrid the Galaxy Note. Now hardware firms are still making devices, but wo... (Read Full Article)
Mentions: Samsung
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SOTI's BlitFire 10X Technology Uses Artificial Intelligence To Power Up A Mobile Device Management Revolution!
Explore Field Technologies Online (Apr 10 2012)
...t it makes remote control feasible on high resolution tablet devices with hi-color screens, such as Samsung 10.1 tablets and the iPad 3, even over slower networks. Customers can now be supported in areas whe... (Read Full Article)
Mentions: Microsoft Windows ROI BlackBerry
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The Cloud, Big Data and connected devices lift Intel semiconductors sales
Explore Betanews (Mar 30 2012)
...f growth based on a combination of organic expansion and key acquisitions". Ford adds: "Until 2011, Samsung had been steadily closing the gap with Intel, with its share of global semiconductor market revenue...
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Sponsored Post: The Death Of The Dataplan, The Rise Of Smart Revenue
Explore ReadWriteWeb (Mar 15 2012)
...r applications and experiences. From your connected Ford to your Nike Fuel Band, and your connected Samsung television to the three tablets and five smartphones in your household, the content and experience ...
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Reviewed: Windows 8 consumer preview
Explore TechCentral (Mar 1 2012)
...view” of Windows 8, which is now available to the public free of charge. I’ve been testing it on a Samsung tablet, with a separate wireless keyboard and mouse, lent to me by Microsoft. What follows is based...
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Telefonica to Launch Dual Persona Service for Mobile Devices, Powered by VMware(R)
Explore Home | SYS-CON MEDIA (Feb 28 2012)
...mputing, Mobile for VMware. "We are excited to bring this technology to market with Telefónica and Samsung. Horizon Mobile embraces personal freedom and enhances employee productivity by delivering a precon... (Read Full Article)
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The hype of a post-PC era
...an notebooks compete with tablets? Today's tablet (e.g., Apple's iPad, Android-powered devices from Samsung, Motorola, etc., RIM's PlayBook) have much more processing power (CPU and graphics) than previous g...
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Virtualized Desktops Deliver Mobile Learning
Explore baselinemag.com (Jan 17 2012)
...ronment. In August 2010, we found a solution that worked: Teradici’s PC-over-IP technology (PCoIP), Samsung zero-client displays and VMware View desktop virtualization. Up and running in just four months, w... (Read Full Article)
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IBM Grabs Top Patent Crown Again
Explore eweek.com (Jan 11 2012)
...ng to IFI CLAIMS Patent Services, is as follows: 1 IBM 6,180 2 Samsung 4,894 3 Canon 2,821 4 Panasonic 2,559 ... (Read Full Article)
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The Big Stories Of 2011
...quire Hitachi’s HDD manufacturing unit for $4.3 billion, and Seagate signed an agreement to acquire Samsung’s HDD business for $1.38 billion. This consolidated the HDD market from four players to two major p...
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Motorola Droid Xyboard 10.1 Is a Speedy, Snazzy Follow-Up to the Xoom
Explore eweek.com (Dec 21 2011)
...om, which hasn't sold well since February. The Xyboard should provide creditable competition to the Samsung Galaxy Tab 10.1, HTC JetStream tablet and even the Asus Eee Transformer Prime tablet. Check out eWE... (Read Full Article)
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Motorola Droid Xyboard 10.1 Is Tablet Xoom Should Have Been
Explore eweek.com (Dec 18 2011)
..., I can safely say Google has worked out the freezing quirks with 3.2, which I previously tested on Samsung's Galaxy Tab 7.0 Plus slate last month. Honeycomb let me drag and drop widgets fluidly across all f... (Read Full Article)
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Tech stories of 2011: Jobs, Android and Anonymous rank in top 10
...ware and three smartphone and tablet design patents. The real threat to Apple, however, is not only Samsung but Google's Android. While Samsung, which sells Android devices, became the world's biggest smartphone vendor this year, Android's mar... (Read Full Article)
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