Samsung

The Samsung Group is the largest South Korean conglomerate ( chaebol ). The Samsung Group employs 369,000 people and is one of the world's largest companies in terms of sales and market strength. The name of Samsung means in Korean "Three Stars" and represents the three sons of the founder Lee Byung- Chull. President of Samsung conglomerate was Lee Kun -hee, the third son of the founder, who has resigned in a major scandal in 2008 as chairman of all items. Since then, the Samsung Group is led by the CEOs of each company. The Group's flagship is Samsung Electronics, the largest television and mobile phone manufacturer in the world.

  • 4.1 Electronics industry
  • 4.2 Mechanical and heavy industry
  • 4.3 Chemistry
  • 4.4 Finance
  • 4.5 Construction / Trade
  • 4.6 Entertainment
  • 4.7 Other

History

The company was founded on March 1, 1938 in Daegu by Lee Byung- Chull as a grocery store. After the Korean War, the company went into the construction industry and food processing. They built the first flour mill and the first sugar refinery in industrial scale in Korea. It now has become the largest food manufacturers in South Korea.

With the subsidiary, founded in 1969 Samsung Electronics Samsung took the production of electro-technical products in attack, with one early focused on consumer electronics and household appliances. In the 1980s, Samsung Electronics was at times the world's largest manufacturer of portable television sets. At that time people began to operate the South Korean government in the development of semiconductors, especially memory modules. Other sectors in which the Group operates large, are mechanical engineering, automobiles, insurance, wholesale trade, real estate and leisure. The time of its largest private television Munhwa Broadcasting Corporation ( MBC) was ceded to political pressure in the late 1970s to the state.

After the Asian crisis in the 1990s, Samsung, like all chaebol had to withdraw from many areas of business and sold many subsidiary to strengthen its capital base. Simultaneously, the concentration was on some core areas. Since then, Samsung Electronics is the most important branch of the conglomerate.

In Europe, less well known are the other branches of the company:

Criticism

Corruption

In August 2005, a civil rights movement published a list - " The X Files " - with its 278 influential people who had moved or relative salaries of Samsung, including two ex-prime minister. It also appeared on new evidence that the family business had intervened in the presidential election campaign in 1997 with donations. There was talk of "Samsung Gate" and the " Republic of Samsung" ( 삼성 민국 ).

Lee Yong- chul, a former adviser to the South Korean President Roh Moo -hyun, was mid-November 2007 publicly announced in January 2004 bribes totaling 5.445 billion won ( € 3,561,730 ) to have been offered in cash from Samsung. By Lee -made photos of money were published on 19 November 2007 in the press. Lee's statement confirms allegations of the former Samsung lawyer Kim Yong- chul from early November 2007, according to which Samsung had a chat with the Chairman Lee Kun -hee a whole network for the bribery of officials, prosecutors, tax officials, journalists and scientists. With the until now by Kim Yong- chul designated by the name of corrupt people, it is the former prosecutor and head of the Korea Independent Commission Against Corruption Lee Jong- baek and Lee Gui - nam, the Director of the Central Investigation Bureau, a division of law enforcement and investigation of allegations of corruption in industry and politics. The accused and Samsung reported the accusations as baseless.

Cartelization

In May 2010, a fine of EUR 145 728 000 was imposed against Samsung. The company was part of a price-fixing cartel for DRAMs, which was composed of ten companies and lasted from 1 July 1998 to 15 June 2002 in the EEA.

In October 2011, the Company Division Samsung Corning Precision Materials was convicted of illegal price-fixing agreements in the period from 1999 to 2004 by the EU, together with Nippon Electric, Schott AG and Asahi Glass to a total fine of 128.7 million euros. The cartel had the prices of CRT glass for televisions and computer screens discussed. Samsung Corning Precision Materials remained of a sentence spared as the company has benefited from the leniency of the Commission.

Working conditions

Beginning of 2012, Samsung was elected to third place in the Public Eye People's Award in 2012 because the group is alleged prohibited highly toxic materials that he uses in his factories, without informing the workers and protect them. Thus, according to the organization were at least 140 workers diagnosed with cancer and died at least 50 young workers. Samsung denies the allegations.

In August 2012, it was announced that the organization China Labor Watch ( CLW ) the Chinese suppliers HEG Electronics accuses child labor to a large extent. You 've found between late June and July 2012 that about 80 percent of salaried workers are students. In September 2012, CLW published the results of investigations into eight supplier companies in China and also found serious violations of workers' rights. Der Spiegel described the trial as " plausible and well documented ." In both cases, representatives from Samsung did not comment and announced its own investigation.

Sponsoring

In South Korea, Samsung has its own e-sports team works with the name Samsung Galaxy (formerly Samsung KHAN ). In addition, Samsung is the shirt sponsor of English Premier League club Chelsea. In addition, Samsung is a sponsor of the Olympic Torch Relay.

The sponsorship for the World Athletics Championships in Berlin in August 2009, when Samsung has occurred as the main sponsor, was the largest sponsorship event in the history Samsungs.

Subsidiaries

Electronics industry

  • Samsung Electronics
  • Samsung Electro-Mechanics
  • Samsung SDI
  • Samsung Corning
  • Samsung SDS
  • Samsung networks
  • Samsung LED
  • Samsung Mobile Display
  • Samsung Imaging
  • SB LiMotive
  • Samsung Corning Precision Glass

Engineering and heavy industry

  • Samsung Heavy Industries
  • Samsung Techwin
  • Renault Samsung Motors

Chemistry

  • Samsung Total Petrochemicals
  • Samsung Petrochemicals
  • Samsung BP Chemicals
  • Samsung Fine Chemicals
  • Cheil Industries

Finances

  • Samsung Life Insurance
  • Samsung Fire & Marine Insurance
  • Samsung Card
  • Samsung Securities
  • Samsung Investment Trust Management
  • Samsung Venture Investment
  • Samsung Accelerator

Construction / Trade

  • Samsung C & T Corporation

Entertainment

  • Suwon Samsung Bluewings
  • Samsung Everland
  • Samsung Lions
  • Samsung Khan

Other

  • Samsung Economic Research Institute
  • Cheil Worldwide
  • S-1
  • Samsung Biologics
Types of business entity International Securities Identification Number Profit (economics) Revised Romanization of Korean McCune–Reischauer Korean language Lee Byung-chul NEC Asahi Glass Co. Child labour Electronic sports Samsung Galaxy (electronic sports) England
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