Until recently, it was unclear who the owner of Samsung was. But it is now known that the company is a conglomerate made up of numerous affiliated businesses, all of which operate under the Samsung brand name. The Samsung Group is the largest South Korean chaebol (largest South Korean multinational manufacturing conglomerate).
Lee Kun-hee
Known as the “Chaebol” (family business) in South Korea, Samsung is a diversified empire of industries ranging from electronics to shipbuilding, financial services, and machinery. Its overall turnover is equivalent to fifth of South Korea’s gross domestic product.
The company was founded by Lee Byung-chull in 1938. He started it as a small trading company in Daegu, South Korea, and grew it into a multifarious behemoth. In 1987, after the death of his father, Lee became chairman of the company. He grew it into a world-leading innovator.
The company started to become known for its flashy devices and products. The company became the world’s largest producer of memory chips and smartphones. It has a global presence in chemicals, machinery, financial services, and shipbuilding.
Lee’s leadership was not without controversy, as he was twice convicted of tax evasion and corruption. He also was pardoned by the South Korean government twice.
Lee Kun-hee, the third son of Samsung founder Lee Byung-chull, took over the company in 1987, transforming it into an international powerhouse. He encouraged employees to change their culture and way of working. He built a semiconductor plant in Suzhou, China, and an electronics manufacturing facility in Wynyard, England. He also ordered the display of Chinese-made products at the company’s headquarters.
Lee Kun-hee was a visionary. He wanted to see a 20 percent of Samsung’s products sold outside of South Korea by the year 2000. He also wanted to develop electronics into an integral part of cars.
Lee Kun-hee died on October 25, 2014. He was the owner of the Samsung Group. He died in Seoul, South Korea. His wife Hong Ra-hee, his daughter Boo-jin and his daughter Seo-hyun are his survivors. His estate is valued at 26 trillion won.
Kwon Oh-hyun
Earlier this week, Samsung Electronics Co Ltd announced that its CEO, Kwon Oh-hyun, would be retiring from the company, the company announced, after serving five years as its top executive. Previously, Kwon had served as the company’s vice chairman and had held multiple other roles within the company.
Kwon is credited with helping the company achieve global dominance in the semiconductor industry. He led the development of the world’s first 64-mega DRAM in 1992. The semiconductor industry is the key driver for Samsung’s profit growth this year.
Kwon also led the company’s component business, which is responsible for a large percentage of the company’s profit. In the third quarter, Samsung Electronics posted a record operating profit, and is expected to break the record in the fourth quarter as well. Its operating income, or the profit earned on the sale of a company’s products, nearly tripled from a year earlier, topping analysts’ predictions.
The company is also seeking to tighten its lead over rival Apple with a bendable smartphone. Samsung is seeking to release the smartphone next year. The company has also started to focus on the security of mobile devices, which has been a priority for the company.
Kwon’s resignation is expected to widen the leadership vacuum at Samsung. Kwon’s departure is the company’s first top executive departure in more than a year, and the company will now need to find replacements for some of its key roles.
It hasn’t been revealed yet who will take over the CEO role when Kwon retires, but Samsung Electronics is expected to carry out a personnel reshuffle in the coming months.
Kwon has served as the company’s CEO since 2012 and has been a member of the company’s board of directors since 2014. He has also been credited with the company’s winning streak in the memory chip business.
Choi Gee-sung
During the Korean War, Choi Gee-sung was born in a poor family. He joined Samsung in 1977 to put food on the table. He has worked in televisions, home appliances, semiconductors and telecoms. Eventually, he was appointed Samsung’s CEO of electronics. He later served as the group’s vice chairman. Choi Gee-sung’s rise was unprecedented outside of the chaebol families.
Samsung Electronics, which is a leading business empire in South Korea, has faced stiff competition from cheaper Chinese smartphone makers. It has also had to deal with flaws in the Galaxy Note 7 that led to the phone bursting into flames. However, Samsung has been recovering from its discontinuation of the Note 7, a major loss for the company.
Choi Gee-sung is the Samsung Group’s second-in-command and is Lee’s right-hand man. His responsibilities include overseeing the company’s digital media division, the third-largest business group. His division includes televisions, flat-panel screens, personal computers, MP3 players and other consumer electronics.
In 2007, Choi took over Samsung’s mobile phone business. He was praised as a poster child of a successful businessman. He steered the company past Sony to become the world’s largest TV brand.
In the wake of Choi’s downfall, the company’s employees have been depressed. Some employees believe that Choi’s downfall fuelled their disillusionment. Other workers say that Choi Gee-sung’s downfall was a big part of the corruption scandal that toppled President Park Geun-hye.
Choi is now under special prosecutors for his role in the scandal. He is also being investigated for allegedly providing financial aid to his associates. Samsung denies that it provided any financial assistance to Choi. The prosecution is focusing on alleged manipulation of the value of Samsung’s C&T business, which could have paved the way for a favorable merger ratio.
Samsung Medical Center
Founded in 1994, Samsung Medical Center is Korea’s leading medical institution. It is also a global medical research center. It aims to become a global top-level medical institution by pursuing medical innovation.
The medical facility is equipped with advanced equipment. It constantly engages in active research activities. It also monitors innovations in the world. It constantly develops and adapts to these innovations.
The hospital is a hub for future medicine. It focuses on research and development of novel medical technologies to restore damaged tissues and organs.
The center has received many awards for its excellent medical care and treatment. For instance, the center was honored with the Medical Korea award in 2010. It was also chosen as the main medical brand of Korea.
The medical center is ranked first in the National Customer Satisfaction Index (NSCI) for twelve consecutive years. It has also won first place in the Korean Standard – Service Quality Index (KS-SQI) for a total of sixteen times.
The medical center has also partnered with Samsung Corporation. This company provides medical equipment and diagnostic devices. It also has a joint image processing center with the Mayo Clinic in Rochester, Michigan. In addition, the medical center has a partnership with medical centers of Japan, China, Argentina, and Egypt.
The hospital is staffed by highly qualified medical personnel. It carries out a variety of operations and procedures. It also performs heart transplants. It has a large Cancer Center. In addition to this, the medical center has a Stem Cell and Regenerative Medicine Center.
The medical center uses a digital medical record system to provide fast delivery of patient information. It also has a system to store prescription medications and medical history. It also has a playroom for children.
Financial investment company
Investing in Samsung Securities is a great way to diversify your portfolio. The company is Korea’s largest financial investment company and offers a wide range of services, including asset management, alternative investments, corporate finance, and proprietary trading. It has also recently boosted its dividend.
Samsung Securities is Korea’s largest financial investment company, with a network of 45 domestic branches and five overseas offices. The company offers a wide range of services to high net worth individuals and institutional investors. It also popularizes digital asset management.
The company’s investments have a wide range of industries. Its portfolio has exposure to cyclical industries such as energy and telecom, but also includes businesses that are more oriented toward the future.
Samsung Electronics is one of the most well-known brands in the world. It was founded in 1938 and has become a leading tech company. The company’s technology leadership has allowed it to execute a number of key acquisitions.
Since 2016, the company has produced positive cash flow from operations. It also returned some of its cash to shareholders, and paid out nine billion USD in dividends. In 2017, the company’s dividend yield was 2.1%. Moreover, Samsung Electronics pays a distribution fee of less than 0.5% of the dividend. The company’s net cash position grew strongly during the last two years, reaching 104.5 KRW trillion in fiscal 2020.
The company’s shareholders include the Lee family, which controls Samsung Electronics. Lee’s son, Lee Jae-Yong, became de facto leader of the Samsung Group after Lee’s death in 2020.
Samsung’s diversified into other industries, including retail, shipbuilding, and insurance. It moved into securities in the mid-1970s.
The company’s ownership structure is complicated, with shareholders and local SEC putting pressure on the company’s management. The company’s shares are valued at a discount to its peers, and the company has a large cash pile. This could create pressure to increase dividends.