Samsung is generally known for its smartphones and tech advancements, however, there are some lesser-known facts about the tech giant that are just as astounding as the products they make.
Samsung started as a small trading company of 40 employees dealing with groceries.
At that time the company used to produce noodles, which then expanded to wool and sugar and later to financial services and electronics.
Samsung early days
The ideology behind Samsung is pretty interesting, Samsung means 3 stars, which indicates the prosperity and eternity of the company.
Byung-Chull Lee founder of Samsung
Presently the net worth of Samsung is pegged at $295 billion.
Samsung is the largest smartphone and semiconductor manufacturers in the world. However, electronic businesses are just a part of the business sectors of Samsung Group.
Samsung is made up of 80 different businesses and affiliates, which are commercially and legally independent but unified under a common umbrella.
Samsung has 4 Lakhs 90 thousand employees which even exceeds the total combined count of the employees of Apple and Google.
Following are the various sectors that Samsung works in:
Engineering and Construction:
•Samsung Engineering and Construction
Samsung C&T Engineering & Construction Group specializes in engineering, procurement, and construction.
Engineering & Construction Group of Samsung C&T is best known for its role in notable skyscraper projects, including the 828-meter Burj Khalifa in Dubai the Petronas Towers, and PNB 118 in Malaysia, and the Saudi Stock Exchange Tadawul Tower in Saudi Arabia.
•Samsung trading and investment
Samsung C&T's Trading & Investment Group focuses on trading industrial commodities such as chemicals, steel, and natural resources, and organizes projects such as Samsung Renewable Energy (a wind/solar power cluster).
•Samsung Heavy industries
Samsung Heavy Industries Co., Ltd. is one of the largest shipbuilders in the world and one of the "Big Three" shipbuilders of South Korea
It has the most efficient shipbuilding center in the world with over 400 million sq. ft. in size.
image credits: pulsenews.co.kr
Samsung Electronics earned $ 39.9 billion of profit in 2019 (it is the third highest-earning company in 2019 behind Apple and ICBC); Forbes ranked Samsung Electronics as the world’s 15th largest company.
Since 1993, Samsung Electronics is the largest producer of memory chips in the world, even iPhones use Samsung chips.
image credits: Samsung.com
Under Techwin, the company works on surveillance, aeronautics, automation, and weapons technology.
image credits: sdmmag.com
•Samsung life insurance securities
Samsung Life Insurance is South Korea’s largest insurance company and holds the top rank in the National Customer Satisfaction Index(NCSI).
image credits: businesskorea.co.kr
•Investment trust management
Samsung C&T started trading petrochemical products in 1989 and has conducted business with major refineries and chemical companies through offices it has established around the world, including in the United States, Europe, the Middle East, China, Japan, Taiwan, and Singapore.
image credits: samsungengineering.com
• Hotels and Resorts
Hotel Shilla started operations in March 1979 at the direction of Lee Byung-chull, founder of the Samsung Group.
image credits: vr.com.vn
• Medical Centre
Samsung Medical Center (SMC) is a tertiary hospital located in Irwon-Dong of Gangnam-Gu, Seoul, South Korea. SMC is composed of Samsung Seoul Hospital, Kangbook Samsung Hospital, Samsung Changwon hospital, and Samsung Life Sciences Research Center.
image credits: news-medical.net
• Samsung Economic Research Institute
Samsung Economic Research Institute (SERI) is a private-sector think tank in South Korea, covering diverse areas that range from the nation's high-tech front to research on issues and trends shaping the East Asian economic and business environment. It was established in 1986 as part of Samsung Life Insurance.
image credits: pulsenews.co.kr
•Samsung Fashion is their expansion in fashion and clothing line.
image credits: androidheadlines.com
Everland is a theme park and vacation resort located in Yongin, Gyeonggi-do, South Korea. It is owned and operated by Samsung Everland. The resort opened in April 1976, as a single theme park (Everland), but developed into a resort with water parks, hostels, speedways, golf courses, and museums.
image credits: blog.onedaykorea.com
• Samsung Digital City
The Samsung Town is a major office park in Seocho-gu in Seoul, South Korea. It serves as the IT and electronics hub for the multinational corporation Samsung.
image credits: medium.com