Samsung

Samsung
삼성
三星

Imagine the Possibilities
Samsung Town in the Gangnam Station area in Seoul
Native name	삼성
Industry	Conglomerate
Founded	March 1, 1938; 78 years ago (1938-03-01) 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 Lee Jae-yong
Products	Apparel, chemicals, consumer electronics, electronic components, medical equipment, semiconductors, solid state drives, DRAM, ships, telecommunications equipment
Services	Advertising, construction, entertainment, financial services, hospitality, information and communications technology, medical and health care services, retail, shipbuilding
Revenue	US$ 305 billion (2014)
Net income	US$ 22.1 billion (2014)
Total assets	US$ 529.5 billion (2014)
Total equity	US$ 231.2 billion (2014)
Number of employees	489,000 (2014)
Divisions	Samsung Electronics Samsung C&T Corporation Samsung Heavy Industries Samsung SDS Samsung Life Insurance Samsung Fire & Marine Insurance Cheil Worldwide
Website	samsung.com

Samsung (Hangul: 삼성; Hanja: 三星; Korean pronunciation: [sʰamsʰʌŋ]) 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 globalized its activities and electronics; in particular, its mobile phones and semiconductors have become its most important source of income.

Notable Samsung industrial affiliates include Samsung Electronics (the world's largest information technology company measured by 2012 revenues, and 4th in market value),Samsung Heavy Industries (the world's 2nd-largest shipbuilder measured by 2010 revenues), and Samsung Engineering and Samsung C&T (respectively the world's 13th and 36th-largest construction companies). Other notable subsidiaries include Samsung Life Insurance (the world's 14th-largest life insurance company),Samsung Everland (operator of Everland Resort, the oldest theme park in South Korea) and Cheil Worldwide (the world's 15th-largest advertising agency measured by 2012 revenues).