Samsung, one of the leading companies worldwide, leaves a question, how big is Samsung Company?
The Samsung group is a South Korea-based aggregate company that includes several subsidiaries. It’s one of the largest business-producing companies in Korea, producing nearly 1/5th of the country’s total exports with a primary focus on electronics, heavy industries, constructions, and defenses. Other major subsidiaries of Samsung include insurance, advertising, and entertainment.
When you’ll look at Apple you’ll see that they only make iPhone, iPad, iPod, MacBook, Apple TV, and Apple watch so far. Now think about LG or Sharp they got successful in-home appliance products. Look at Tesla, they only produce cars, and batteries and work for solar power. What about Samsung then? Monitors, televisions, Smartphones, smartwatches, laptops, computers, speakers, fridges, Air conditioners, Microwave ovens, and Every type of Home appliance have everything. And these products have taken it to the next level.
Samsung was founded as a grocery trading store on March 1, 1938, by Lee Byung-Chull. He started his business in Taegu, Korea, trading noodles and other goods produced in and around the city and exporting them to China and its provinces. The Company name, Samsung, came from the Korean for “three stars”. After the Korean War, Lee expanded his business into textiles and opened the largest woolen mill in Korea. He focused heavily on industrialization to help his country redevelop itself after the Korean War.
During that period his business benefited from the new protectionist policies adopted by the Korean government, whose aim was to help large domestic corporations (chaebol) by shielding them from the competition and providing them with easy financing. In the late 1950s, the company acquired three of Korea’s largest commercial banks as well as an insurance company and firms that made cement and fertilizer. Samsung in the 1960s acquired more insurance companies as well as an oil refinery, a nylon company, and a department store.
During the 1970s the company expanded its textile-manufacturing processes to cover the full line of production; from raw materials, all the way to the end products to better compete in the textile industry. New subsidiaries such as Samsung Heavy Industries, Samsung Shipbuilding, and Samsung Precision Company (Samsung Techwin) were established. Also, during the same period, the company started to invest in the heavy, chemical, and petrochemical industries, providing the company with a promising growth path.
Samsung Electronics
Samsung first entered the electronics industry in 1969 with several electronics-focused divisions. Their first products were black-and-white televisions. During the 1970s the company began to export home electronics products overseas. At that time Samsung was already a major manufacturer in Korea, and it had acquired a 50% stake in Korea Semiconductor.
The late 1970s and early ’80s witnessed the rapid expansion of Samsung’s technology businesses. Separate semiconductor and electronics branches were established, and in 1978 an aerospace division was created. Samsung Data Systems (now Samsung SDS) was established in 1985 to serve businesses’ growing need for systems development. That helped Samsung quickly become a leader in information technology services. Samsung also created two research and development institutes that broadened the company’s technology line into electronics, semiconductors, high-polymer chemicals, genetic engineering tools, telecommunications, aerospace, and nanotechnology.
Though it is involved in Samsung Electronics, it also is known for its products like SSD, Ram, Memory Card, and other parts used in computers and laptops. With 12,501 employees, its early revenue is 10.72 trillion KRW. It is the second home of Samsung Electronics.
Mobile, TV, Home appliance, and Samsung Electronics is the biggest industry of the Samsung group. Almost 70% of the total revenue of Samsung Group comes from here. Also, this is the most popular industry all over the world. From 1969 till now it is expanding day by day. Every week they are introducing something new to its consumers.
Now the question is “how big the Samsung industry is?” It can be easily understood that they are not only an electronic industry. With 211.2 billion USD of annual revenue and 309,630 employees, Samsung has built its business empire all over the world.
2000 to Present
Samsung entered the phone market with the SPH-1300, an early touch-screen prototype released in 2001. The company also developed the first speech-recognition phone in 2005.
In the late 2000s and early 2010s, Samsung acquired companies that developed technologies for electronic devices. In 2011, Samsung released the Galaxy S II, followed in 2012 by the Galaxy S III, one of the world’s most popular smartphones. The year 2012 also marked Samsung becoming the world’s largest mobile phone maker and the achievement of mSpot to provide entertainment to Samsung device users.
The company made additional acquisitions in the following years, including organizations that would help it expand its offerings in medical technology, smart TVs, OLED displays, home automation, printing solutions, cloud solutions, payment solutions, and artificial intelligence.
In September 2014, Samsung announced the Gear VR, a virtual reality device developed for use with the Galaxy Note 4. By 2015, Samsung had more U.S. patents approved than any other company, with more than 7,500 utility patents granted before the end of the year. Still thinking “How Big Is Samsung Company?”, here’s some more.
Samsung Life Insurance
Yes, Samsung Life Insurance is the second-largest business of the Samsung group. It is the largest insurance company in South Korea and a Fortune Global 500 company. Samsung Life’s principal products include life, health insurance, and annuities.
In 2017, Samsung was given governmental permission to test a self-driving car. The following year, Samsung announced that it would expand its renewable energy plans and hire 40,000 employees over the next three years.
Samsung Fire & Marine Insurance
Samsung Fire & Marine Insurance is an insurance company based in Seoul, South Korea. At first, its name was Korea Anbo Fire Marine Reinsurance Co. in 1952; after incorporating Samsung it changed its name. This is older than Samsung Electronics. Its yearly revenue is 15.6 billion USD. Samsung Fire & Marine Insurance plays an important role in South Korea’s marine industry.
Renault Samsung Motors
It may sound surprising but Renault Samsung Motors is the car manufacturer company of Samsung. Samsung is a car manufacturer company. They have a quite number of successful cars in the car market. The funny thing is we know the name Renault as a car company but we don’t know that it is a subsidiary of Samsung. In 2018, it produced 215,851 Cars.
Come on, “How Big Is Samsung Company?”
Samsung Heavy Industries
It is the shipbuilding company of Samsung. It is one of the largest shipbuilders in the world and one of the “Big Three” shipbuilders of South Korea. With 3 dry docks and 5 floating docks, it is one of the largest shipyards in the world. As I mentioned first Samsung Heavy Industries was established at the time of Samsung Electronics. And it has spread to the first in the world.
SHI India is a part of Samsung Heavy Industries (SHI), a group company of Samsung, a South Korean conglomerate, which has net sales of about USD 14.8 billion with 10,000 employees all over the world. SHI puts its main focus on the Shipbuilding and Offshore business. It executes EPCI projects of high value-added FPSO / FSO, Fixed Offshore Platforms, Semi-submersible Drilling Rigs, Drillships, Passenger ships, Windmills as well as commercial vessels. SHI India is involved in the design and engineering of large International Offshore Oil and Gas Projects
wait there’s more, “How Big Is Samsung Company?”
Samsung Digital City
The Digital City is situated in the city of Suwon in Seoul. The region is an ancient community with roots going back to the 8th century, and it used to be circled by walls. Despite Suwon’s historical past, Samsung Digital City is extremely modern.
The campus is equipped with some bizarre, otherworldly spaces like Multiple Input Multiple Output (MIMO) wherein Samsung tests different smartphone technology. Samsung has more than 65,000 employees dedicated to conducting research and development (R&D), which is equivalent to around 20% of its global workforce.
Samsung Latest Achievements
Samsung Electronics today announced that it has won 48 awards at the world-renowned International Design Excellence Awards (IDEA) 2021, including seven Silvers, three Bronzes, and thirty-eight finalists.
IDEA, hosted by the Industrial Designers Society of America (IDSA), has been held annually since 1980. Widely viewed as the most influential design awards program in North America, IDEA considers design innovation, benefit to the user, and benefit to society as part of its criteria for selecting its awardees.
Samsung attained seven Silver awards for its cutting-edge creations including:
- Samsung Neo QLED 8K (QN900A), which deploys the Infinity Screen design that maximizes immersion by minimizing the bezel.
- Bespoke Cube air purifier (AX9500N) with the innovative concept of letting consumers choose the purifier’s front panel design according to their lifestyle.
- Bespoke Slim (VS6800AL), vacuum cleaner, which offers a slim and customizable design that fits in a small space.
- SmartThings Cooking, enabling a one-stop culinary experience powered by Whisk’s Food AI.
The following received Bronze awards:
- The Frame is a lifestyle TV that can be matched to any home décor and features ‘Art Mode’, which allows viewers to enjoy masterpieces from their homes.
- The Premiere is a lifestyle projector designed for those who want to create a theater-like environment in their homes.
- Bespoke 4-Door Flex refrigerator, which helps consumers achieve their desired lifestyles through flexible, personalized offerings.
“The pandemic affected consumers’ lifestyles in many ways, so it is more important than ever to keep an eye on how those change and to offer meaningful experiences to consumers accordingly,” said Dontae Lee, Executive Vice President and the Head of Corporate Design Center at Samsung Electronics. “We will continue to provide optimized experiences for consumers based on a variety of lifestyles with the design that best resonates with them.”
What’s new on the plate?
Samsung Electronics is showcasing the future of Micro LED technology at Integrated Systems Europe (ISE) 2022 in Barcelona, with three new models of its state-of-the-art display technology, The Wall.
“Micro LED technology is set to define the future of display innovation. From the luxury industry to hospitality and travel, the potential of Micro LED is endless in enabling businesses to achieve more,” said Hyesung Ha, Executive Vice President of the Visual Display Business at Samsung Electronics. “ISE is the largest show of its kind in the world and we are excited to unveil our expanded lineup of The Wall. The next-generation technology of The Wall will deliver benefits beyond expectations, transforming any business and unlocking new opportunities.”
The Wall (Model name: IWB) — an innovative modular Micro LED display that delivers immersive viewing experiences in a high-resolution, large-screen format. The IWB will be available in 0.63 and 0.94pixel pitches, with 0.63 being the slimmest ever pixel pitch in The Wall lineup. The new display is now available to preorder globally.
The micro pitch feature of the IWB demonstrates Samsung’s most detailed picture and dynamic range expansion with the screen’s 120Hz frame rate, HDR10/10+, and LED HDR. Following installation, The Wall provides a variety of screen sizes, accommodating 4K movies for 110-inch and up to incredible 8K quality for 220-inch to meet any consumer or business needs. This resolution capability is enhanced by the powerful Micro AI Processor, which analyzes every second of content instantly and optimizes picture quality while removing noise.
The Wall is also packed with industry-leading technology. Firstly, with MultiView, The Wall enables simultaneous multi-source playback from up to four sources, all on one screen, without any additional splitter required for dynamic content display. Secondly, Black Seal Technology built into the display creates a seamless canvas for purer black levels, with an ultra-low reflective film that has been applied to minimize external light reflection. With 20-bit processing, The Wall delivers outstanding image quality and a smooth viewing experience, supported by a peak brightness of 2,000 nits providing clearer images.
Facts About Samsung
- Samsung also produces weapons. Samsung Techwin is a full-time weapons manufacturer of Samsung.
- The Samsung Group is a big part of South Korea’s GDP. It made up about 15% of the country’s GDP in 2017.
- The first CDMA phone was built by Samsung.
- The first watch phone was made by Samsung.
- Samsung started the smartphone game long before Android and iOS.
- Samsung had a chance to buy the Android OS but they didn’t do that.
- The world’s first curved smartphone display is produced by Samsung.
- Samsung changed its logo three times.
- Lee Kun Hee, the chairman of Samsung, once destroyed 150,000 phone and fax machines in front of 2000 employees.
- Due to battery malfunctions, Samsung recalled 2.5 million Note 7’s in 2016.
- Samsung is the 1st Smartphone producer.
- In 2014, a man killed his Thai girlfriend in their home with a Samsung Tablet after forbidding her to go on Facebook.
- The world’s tallest building, the Burj Khalifa, is built by Samsung.
Verdict
So, from now before telling it is just a tech giant think twice. Samsung is far bigger than we see. Directly or indirectly almost every person around the world is related to Samsung. Sometimes we just see a very small part of a thing but don’t realize how big it is from the back.