Samsung Group
삼성그룹/三星그룹
Type : Chaebol (Business Conglomerate)
Industry : Conglomerate
Founded : 1983
Founder(s) : Lee Byung Chull
Headquarters : Samsung Town, Seoul, South Korea
Area Served : Worldwide
Key People : Lee Kun-hee (Chairman of Samsung Electronics)
Products : Apparel, chemicals, consumer electronics, electronic components, medical equipment, precision instruments, semiconductors, ships and telecommunications equipment.
Services : Advertising, contruction, entertainment, financial service, hospitally, information and communications technology services, medical services and retail.
Subsidiaries : Samsung Electronics, Samsung Life Insurance, Samsung Fire & Marine Insurance, Samsung Heavy Industries, Samsung C&T, Samsung SDS, Samsung Techwin etc.
Website : Samsung.com
Company Profile
Samsung Group is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. It comprises numerous subsidiaries and affiliated business, most of them united under the Samsung brand, and is the largest South Korean Chaebol (business conglomerate).
Samsung was founded by Lee Byung-Chull in 1983 as a trading company. Samsung started out as a small trading company with around forty employees. As a company, Samsung sells a variety of electronics and services similar to Apple and the other electronic companies. Over the next three decades the group diversified into areas including food processing, textiles, insurance, securities and retail. Samsung entered the electonics industry in the late 1960s and the contuctions and shipbuilding industries in the mid 1970s, these areas would drive its subsequents growth. After the death of Byung-Chull in 1987, Samsung Corporation divided into four group business groups:
1. Samsung Group,
2. Shinsegaen Group,
3. CJ Group and
4. Hansol Group.
History
1950s-1980s
· 1953 : Lee Byung-Chull float Samsung trading company in Daegu.
· 1953 : Samsung started sugar production, which has since been spun off into the CJ Corporation
· 1958 : Samsung started offering insurance.
· 1963 : A Sinsegye department store opened in Kwanjou.
· 1965 : Samsung started the Joong-Ang Ilbo daily newspaper. Today this newspaper has no affiliation with the company.
· 1969 : Samsung electronic was founded.
· 1974 : Samsung Petrochemical and Heavy Industried was founded.
· 1976 : The company was awarded an export prize by the goverment as a part of the country’s development programme.
· 1977 : As a result of their export prize, Samsung Contruction emerged. In addition, Samsung Shipbuilding formed.
· 1982 : Samsung established a professional baseball team.
· 1983 : Samsung produced its first computer microchip|chip: a 64k DRAM.
Towards the end of the 1980’s, Samsung pushed its efforts in petrochemicals and electronics. Since the 1990s Samsung has increasingly globalized its activities, and electronics, particularly mobile phones and semiconductors, have become its most important source of income.
In 2013, Samsung began contruction on building the world’s largest mobile phone factory in the Thai Nguyen province of Vietnam.
·
Operations
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”. Its affiliate companies produce around a fifth of South Korea’s total exports. Samsung’s revenue was equal to 17% of South Korea’s $1,082 billion GDP.
Revenue US$ 268.8 billion (FY 2012)
Net Income US$ 26.2 billion (FY 2012)
Total Assets US$ 470.2 billion (FY 2012)
Total Equity US$ 209.5 billion (FY 2012)
Employees 425,000 (FY 2012)
From its inceptions as a small export business in Taegu, Korea, Samsung has grown to become one of the world’s leading electronics companies. Today Samsung’s innovative and top quality products and processes are world recognised. This timeline captures the major milestones in Samsung’s history, showing how the company expanded its product lines and reach, grew its revenue and market share, and has followed its mission of making life better for consumers around the world.
Analysis
This article uses simple present tense, simple past tense and present perfect tense.
Difficult words:
· Comprises
· Diversified
· Subsequents
· Milestones
· Inceptions
Making sentences:
1. Our pets comprise one dog, two cats, and a turtle.
2. The House comprises seven rooms.
3. Our nation comprises many ethnic groups.
4. The OCD program comprises dieting, exercise, and fasting.
5. AK-2D class comprises 24 people.
1. The country is diversifying its energy sources.
2. Farmers who want to diversify their crops
3. The new CEO's chief aim is to diversify the company.
4. The company needs to diversify.
5. Many publishing companies have diversified into online services.
1. The rate of population growth reached a peak in 2012 and declined in subsequent years.
2. Her work had a great influence on subsequent generations.
3. Subsequent studies confirmed their findings.
4. Subsequent pregnancies is high.
5. Many of the afflicted animals subsequently die of starvation.
1. the new drug was regarded as a milestone in the treatment of heart disease
2. The club will celebrate this milestone at the annual dinner on 3 November 2013
3. This work represents a key milestone for the replacement school project.
4. The date marks an important milestone in the history of chile.
5. Milestone in the history of the school has been reached.
1. SAMSUNG GROUP is multinational conglomerate company that was established
in 1983 by Lee Kun-hee and headquartered in Samsung Town, Seoul. SAMSUNG GROUP
has many subsidiaries such a Samsung Electronics, Samsung Life Insurance, Samsung
Fire & Marine Insurance, Samsung Heavy Industries, Samsung C&T, Samsung
SDS, Samsung Techwin etc. In early time, SAMSUNG started sugar
production, as time goes by, SAMSUNG has produced many products and services
such a advertising, contruction, entertainment, financial service,
electronic components, medical equipment, precision instruments,
semiconductors, ships and telecommunications equipment, etc. SAMSUNG advertise
their products on televisions, magazines, billboards, radio station and
internet.
2. Allianz is one of the biggest insurance services and assets management
company in the world. It was founded in 1891 in Berlin, Germany by then
director of the Munich Reinsurance Company Carl von Thieme (a native of Erfurt,
whose father was the director of Thuringia) and Wilhelm von Finck (co-owner of
the Merck Finck & Co bank). It headquartered in Munich, Germany. Allianz
serves Insurance, Banking and Assets Management. Allianz Life supported by more
than 14,000 salespeople through Allianz Star Network (ASN) spread over 80
marketing offices located in 43 cities across Indonesia, ranging up to Banda
Aceh Jaya pura, in addition, supported also by a reliable Account Executive, as
well as partnering with brokers-brokers (Insurance Consultants) in Indonesia's
leading insurance and Telemarketing. Allianz’s famous product were Auto
Insurance, Life Insurance, Health Insurance, Employee Benefit, and Syariah.
3. Toyota Motor Corporation is automobile manufacturer. Toyota was founded in
1937 by Kiichiro Toyoda as a spinoff from his father’s company Toyota
Industries. It headquartered in Toyota, Aichi, Japan. Until these days, Toyota
has produced many kind of Cars, such a
Camry, Fortuner, Kijang, Prius, Venza, Raum, etc. 
