Samsung facts for kids

Quick facts for kids
Samsung

Samsung Town in the Gangnam Station area of Seoul, South Korea
Native name	삼성 (三星)
Industry	Conglomerate
Founded	1 March 1938; 85 years ago (1938-03-01) in Daegu, Japanese Korea
Founder	Lee Byung-chul
Headquarters	40th floor Samsung Electronics Building, 11, Seocho-daero 74-gil, Seocho District, Seoul , South Korea
Area served	Worldwide
Key people	Lee Kun-hee (Chairman) Lee Jae-yong (Vice Chairman)
Products	Apparel, automotive, chemicals, consumer electronics, electronic components, medical equipment, semiconductors, solid state drives, DRAM, ships, telecommunications equipment, home appliances
Services	Advertising, construction, entertainment, financial services, hospitality, information and communications technology, medical and health care services, retail, shipbuilding
Revenue	US$208,49 billion (2018)
Net income	US$37.1 billion (2017)
Total assets	US$265 billion (2017)
Total equity	US$188.9 billion (2017)
Number of employees	320,671 (2017)
Subsidiaries	Samsung Electronics Samsung Engineering Samsung C&T Corporation Samsung Heavy Industries Samsung SDS Samsung Life Insurance Samsung Fire & Marine Insurance Cheil Worldwide

Samsung is a South Korean multinational conglomerate 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 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 globalised its activities and electronics; in particular, its mobile phones and semiconductors have become its most important source of income.

As of 2017, Samsung has the 6th highest global brand value.

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.

Samsung also is the sponsor of several sports teams, such as the Chelsea Football Club.

Images for kids

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  Lee Byung-chul, founder of Samsung

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  The SPC-1000, introduced in 1982, was Samsung's first personal computer (sold in the Korean market only) and used an audio cassette tape to load and save data – the floppy drive was optional.

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  The prominent Samsung sign in Times Square, New York City

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  The Samsung Group's chairman, Lee Kun-hee (left), with South Korean President Park Geun-hye, 2013

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  Samsung Fire & Marine Insurance HQ

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  Samsung's Silicon Valley headquarters in San Jose, California

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  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.

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  A Samsung display in Salt Lake City during the 2002 Winter Olympics

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  Samsung Taepyeong-ro HQ in Jung District, Seoul

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  Samsung Engineering India Office- New Delhi, India

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  Samsung Japan's regional HQ at Roppongi, Minato, Tokyo, Japan

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  The Samsung Hub, formerly 3 Church Street, is a skyscraper located in the Downtown Core of Singapore.

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  First Samsung logo

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  1960s–1993, as corporate logo

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  1970s

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  1980–1993, as Samsung Electronics logo