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Samsung

By Connor Freitas

Company profile

CEOs: Kim Hyun Suk, Kim Ki Nam and Koh Dong Jin

Based in: Seoul, South Korea

Founded: March 1 1938

Best known for: Electronics

Traded on: Korea Exchange

Ticker: 005930

The Samsung company is South Korea’s biggest conglomerate – boasting a diverse range of almost 70 companies ranging from life insurance to fashion. Despite this, it is consumer electronics that has made Samsung a household name worldwide. As well as manufacturing smartphones, televisions, fridges, washing machines and ovens, it also produces electronic parts for billions of other devices, including flash memory, processors and image sensors.

Smartphones have become an increasingly important part of Samsung’s business model in recent years. It shipped an estimated 292 million units in 2018. 

According to Samsung (as of April 2020), 309,630 employees in its electronics division are based across 74 countries, 15 regional offices, 37 production sites, 37 research and development centres and seven design offices. Given its sprawling size, the company has three CEOs who head up Samsung’s IT and mobile, device solutions and consumer electronics divisions. The current trio were appointed in 2017 following a corruption scandal.

Samsung company history since 2000

2000

More than 100 million colour TVs sold

2006

Becomes world’s biggest TV manufacturer in terms of market share

2010

Samsung named world’s number one electronics company in terms of sales

2010

Operating system launch of Galaxy smartphones running on Android

2014

Galaxy Note Edge becomes world’s first smartphone to have a curved edge screen

2014

Other world firsts include Gear S, the first wearable device with 3G connectivity, and an 85” bendable UHD TV

2015

Mobile payment service Samsung Pay goes live

2018

Samsung supplies 5G network equipment in the US and South Korea

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