Samsung is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. It comprises numerous affiliated businesses, 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, when it started producing black-and-white television sets. It had successful businesses in semiconductor and shipbuilding industries by the 1980s. But Lee decided that Samsung needed to be able to manufacture its own components to continue to compete successfully. The company grouped them together under the name Samsung Electronics in 1969.
In 1980s, Samsung Electronics began to invest heavily in research and development, and set up a joint venture with Sony in 1984. In 1986, Samsung Electronics launched its first mobile phone. In 1988, it made a strategic decision to become a global company and set up overseas subsidiaries. During the 1990s, Samsung Electronics invested heavily in new businesses, such as digital TVs, memory chips and flat-screen displays. In the early 2000s, it diversified into areas such as biopharmaceuticals and advanced materials. Today, Samsung Electronics is a world leader in mobile phones, semiconductors, digital TVs and flat-screen displays. It is also one of the largest chaebols in South Korea.
FACTS ABOUT SAMSUNG
1. Samsung was founded in 1938 as a trading company by Lee Byung-chul.
2. It is the largest South Korean chaebol (business conglomerate).
3. Samsung Electronics is a world leader in mobile phones, semiconductors, digital TVs and flat-screen displays.
4. In the early 2000s, it diversified into areas such as biopharmaceuticals and advanced materials.
5. Samsung has its headquarters in Samsung Town, Seoul.
6. It employs around 308,745 people worldwide.
7. Samsung’s revenues were US$177.2 billion in 2017.
8. Its market capitalization was US$325 billion as of June 2018.
9. Samsung is a member of the Global 100 Most Sustainable Corporations in the World.
10. In 2017, it was ranked the 15th most valuable brand in the world by Brand Finance.
11. Samsung has a complex corporate structure; its businesses are organized into four main groups:
- Devices Group
- Information Technology & Mobile Communications (IM) Group
- Consumer Electronics (CE) Group
- Investment Group
12. Samsung Electronics is the flagship subsidiary of the Samsung Group.
13. Other notable Samsung subsidiaries include Samsung Heavy Industries, Samsung Engineering and Samsung C&T Corporation.
14. Samsung has a long history of sponsorship, mainly of sporting events. It was a top sponsor of the 1988 Summer Olympics held in Seoul, and the 2002 FIFA World Cup held in South Korea and Japan.
15. It is also a major sponsor of the Winter Olympics, having sponsored the games held in Turin in 2006, Vancouver in 2010 and Sochi in 2014.
16. Samsung’s philanthropic arm is the Samsung Foundation, which was established in 1969.
17. In 1995, Samsung set up the Samsung Hope for Children program to support children in need.
18. Samsung has been involved in a number of high-profile lawsuits, including a patent infringement case with Apple and a class action lawsuit over its Galaxy S5 smartphone.
19. In 2014, Samsung was fined US$340 million by the U.S. Department of Justice for bribing a South Korean official.
20. In 2017, Samsung’s heir apparent Lee Jae-yong was convicted of bribery and given a five-year prison sentence. He was released on appeal in 2018.
How to open samsung tv remote
To open the Samsung TV remote, you will need to remove the battery cover and batteries. Underneath the batteries, you will see a small white tab. Press this tab and slide the cover off of the remote.