Thursday, November 18, 2010

Samsung - Born S.Korea became World's Largest Conglomerate


Friends yesterday was my b'day. I hope you all wished me. Thanks for wising me guys. But i didn't recognize any difference with normal day. I felt boredom up to 4:30 in the evening. At 4:30 my best friend Nani came to Anantapur from Bengaluru to meet  me. I spent the remaining time with him up to 9:30 pm. he presented me a photo frame gift. It was awesome but my best friend Sai sandeep gave a gift to me. It is very valuable gift. I haven't expect that type of gift from anyone in my life. You know what is the gift? It is a note book.What is special in it?? That note book is framed by our father of nation ''MAHATMA GANDHI's'' image. The note book contains 'A brief biography' of Gandhi at the starting. Every page in the note book has a proverb by Gandhi. Do you know why Sandeep gave me that? Because I like Gandhi very much than anyone. 

Ok leave it. Let us we come 'to the point'. Now i'm here to present some matter about Samsung Group.

SAMSUNG:

Samsung is the world's largest conglomerate born in South Korea and captured the world market. The Samsung Group (Korean: 삼성그룹) is a multinational conglomerate corporation headquartered in Samsung Town, Seoul, South Korea. It is South Korea's largest chaebol and the world's largest conglomerate by revenue. The Samsung Group comprises numerous international affiliated businesses, most of them united under the Samsung brand including Samsung Electronics, the world's largest technology company by sales. Samsung Heavy Industries, the world's second largest shipbuilder ,Samsung Engineering was ranked 35th, Samsung C&T 72nd in a 2009 ranking of 225 global construction firms compiled by the Engineering News-Record, a U.S. construction journal. Samsung Electronics ranked 35th in Fortune Global 500 2010. 

Samsung Group accounts for more than 20% of South Korea's total exports, and in many domestic industries, Samsung Group is the sole monopoly dominating a single market, its revenue as large as some countries' total GDP. In 2006, Samsung Group would have been the 35th largest economy in the world if ranked, larger than that of Argentina. The company has a powerful influence on the country's economic development, politics, media and culture, being a major driving force behind the Miracle on the Han River; many businesses today use its international success as a role model.

History:

In 1938, Lee Byung-chull (1910–1987) of the large landowning family in the Uiryeong county came to the nearby Daegu city and founded Samsung Sanghoe (삼성상회), a small trading company with forty employees located in Su-dong (now Ingyo-dong). It dealt in groceries produced in and around the city and produced noodles itself. The company prospered and Lee moved its head office to Seoul in 1947. When the Korean War broke out, however, he was forced to leave Seoul and started a sugar refinery in Busan as a name of Cheil Jedang. After the war, in 1954, Lee founded Cheil Mojik and built the plant in Chimsan-dong, Daegu. It was the largest woolen mill ever in the country and the company took on an aspect of a major company.

Samsung diversified into many areas and Lee sought to establish Samsung as an industry leader in a wide range of enterprises, moving into businesses such as insurance, securities, and retail.
In the late 1960s, Samsung Group began the electronics industry. It formed several electronics-related divisions, such as Samsung Electronics Devices Co., Samsung Electro-Mechanics Co., Samsung Corning Co., and Samsung Semiconductor & Telecommunications Co., and made the facility in Suwon. Its first product was a black-and-white television set. In 1980, the company acquired Hanguk Jeonja Tongsin in Gumi, and started to build telecommunication devices. Its early products were switchboards. The facility were developed into the telephone and fax manufacturing systems and became the centre of Samsung's mobile phone manufacturing. They have produced over 800 million mobile phones to date. The company grouped them together under Samsung Electronics Co., Ltd. in the 1980s.

In the late 1980s and early 1990s, Samsung Electronics invested heavily in research and development, investments that were pivotal in pushing the company to the forefront of the global electronics industry. In 1982, it built a television assembly plant in Portugal; in 1984, a plant in New York; in 1985, a plant in Tokyo; in 1987, a facility in England; and another facility in Austin in 1996. In total, Samsung has invested about $5.6 billion in the Austin location – by far the largest foreign investment in Texas and one of the largest single foreign investments in the United States. The new investment will bring the total Samsung investment in Austin to more than $9 billion.

Compared to other major Korean companies, Samsung survived the 1997 Asian financial crisis relatively unharmed. However, Samsung Motor was sold to Renault at a significant loss. As of 2010, Renault Samsung is 80.1 percent owned by Renault and 19.9 percent owned by Samsung. Additionally, Samsung manufactured a range of aircraft from the 1980s to 1990s. The company was founded in 1999 as Korea Aerospace Industries (KAI), the result of merger between then three domestic major aerospace divisions of Samsung Aerospace, Daewoo Heavy Industries, and Hyundai Space and Aircraft Company. However, Samsung still manufactures aircraft engines.

Group divisions
  • Electronics Industries
  • Financial Services
  • Chemical Industries
  • Machinery & Heavy Industries
  • Engineering & Construction
  • Retail & Entertainment
  • Apparel & Advertisement
  • Education & Medical Services
  • Trading & Resource development
  • Food supplier & security services

Notable Customers
  • Royal Dutch Shell
Samsung Heavy Industries will be the sole provider of liquefied natural gas (LNG) storage facilities worth up to US$50 billion to Royal Dutch Shell for the next 15 years.
  • The United Arab Emirates government
A consortium of South Korean firms - including Samsung, Korea Electric Power Corp and Hyundai - has won a deal worth 40 billion dollars to build nuclear power plants in the United Arab Emirates.
  • The government of the Canadian province of Ontario
The government of the Canadian province of Ontario signed off one of the world's largest renewable energy projects, signing a $6.6bn deal that will result in 2,500MW of new wind and solar energy capacity being built. Under the agreement a consortium – led by Samsung and the Korea Electric Power Corporation – will manage the development of 2,000MW-worth of new wind farms and 500MW of solar capacity, while also building a manufacturing supply chain in the province.
Samsung's key clients (Q1 2010)
Rank/Company
Part Description
Buying (unit: trillion KRW)
Percent of total sales



DRAM, NAND Flash, LCD Panel, etc...
1.28
3.7



AP(mobile processor),DRAM, NAND Flash, etc...
0.9
2.6



DRAM, Flat-Panels, Lithium-ion battery, etc...
0.87
2.5



4 HP
DRAM, Flat-Panels, Lithium-ion battery, etc...
0.76
2.2



Handsets, etc...
0.5
1.3



Handsets, etc...
0.5
1.3



Samsung Medical Center
Samsung Medical Center, a nonprofit medical organization. Samsung Group sends around $100 million 'donation' to Medical Center annually. The Samsung Medical Center(Korean: 삼성의료원) is composed of Samsung Seoul Hospital (Korean: 삼성서울병원), Kangbook Samsung Hospital (Korean: 강북삼성병원), Samsung Changwon Hospital (Korean: 삼성창원병원), Samsung Cancer Center (Korean:삼성암센터) and Samsung Life Sciences Research Center (Korean: 삼성생명과학연구소). Samsung Cancer Center in Seoul, the largest cancer center in Asia-even bigger than Korea's National Cancer Center and Japan National Cancer Center. Samsung Medical Center and Pfizer to Conduct Joint Research to Identify Genomic Mechanisms Responsible for Clinical Outcomes in Hepatocellular Carcinoma.SMC is the first non-US organization to receive full AAHRPP (Association for the Accreditation of Human Research Protection Programs.)
Etymology and logo history
The meaning of the Korean hanja word Samsung () is "tristar" or "three stars". The three represents big, many and powerful, star means eternity.(According to the Founder of Samsung Group).


The Samsung Byeolpyo noodles logo, used from late 1938 until replaced in 1950s.  
The Samsung Group logo, used from late 1969 until replaced in 1979  
The Samsung Group logo("three stars"), used from late 1980 until replaced in 1992  
The Samsung Electronics logo, used from late 1980 until replaced in 1992  
Samsung's current logo used since 1993.[41]  
Samsung Group

Public (Korean: 삼성그룹)
Founded
1938
Headquarters
Area served
Worldwide
Key people
List[show]
US$ 173.4 billion (2008)[2]
US$ 10.7 billion (2008)[2]
US$ 252.5 billion (2008)[2]
US$ 90.5 billion (2008)[2]
276,000 (2008)[2]







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So friends I hope you have got an idea about Samsung group. Thanks for visiting my blog friends. Bye to all. Keep smiling and inspiration to others. Love you all guys.

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