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Samsung / SAMSUNG
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Infiltration -
Bounty Hunting
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History
Samsung (Hangul: 삼성; hanja: 三星; Korean pronunciation: [sʰamsʰʌŋ]) is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul.3 It comprises numerous subsidiaries and affiliated businesses,4 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 1990s, Samsung has increasingly globalized its activities and electronics, particularly mobile phones and semiconductors, have become its most important source of income.
Notable Samsung industrial subsidiaries include Samsung Electronics (the world’s largest information technology company measured by 2012 revenues, and 4th in market value),5 Samsung Heavy Industries (the world’s 2nd-largest shipbuilder measured by 2010 revenues),6 and Samsung Engineering and Samsung C&T (respectively the world’s 13th and 36th-largest construction companies).7 Other notable subsidiaries include Samsung Life Insurance (the world’s 14th-largest life insurance company),8 Samsung Everland (operator of Everland Resort, the oldest theme park in South Korea)9 and Cheil Worldwide (the world’s 15th-largest advertising agency measured by 2012 revenues).1011
Samsung has a powerful influence on South Korea’s economic development, politics, media and culture and has been a major driving force behind the “Miracle on the Han River”.1213 Its affiliate companies produce around a fifth of South Korea’s total exports.14 Samsung’s revenue was equal to 17% of South Korea’s $1,082 billion GDP.15
Manifesto
Values & Philosophy
Samsung is guided by a simple philosophy, strong values and high ethical standards that inform our work every day. In everything we do, we strive to help people live better lives.
Vision
Samsung is dedicated to developing innovative technologies and efficient processes that create new markets, enrich people’s lives and continue to make Samsung a digital leader.
Our Performance
To learn more about the performance of our company, download the annual reports issued by Samsung Group and Samsung Electronics.
History
For more than 70 years, Samsung has been at the forefront of innovation. Our discoveries, inventions and breakthrough products have helped shape the history of the digital revolution. .
The Samsung Philosophy
At Samsung, we follow a simple business philosophy: to devote our talent and technology to creating superior products and services that contribute to a better global society.
Every day, our people bring this philosophy to life. Our leaders search for the brightest talent from around the world and give them the resources they need to be the best at what they do. The result is that all of our products—from memory chips that help businesses store vital knowledge to mobile phones that connect people across continents— have the power to enrich lives. And that’s what making a better global society is all about.
Our Values
We believe that living by strong values is the key to good business. That’s why these core values, along with a rigorous code of conduct, are at the heart of every decision we make.
People
Quite simply, a company is its people. At Samsung, we’re dedicated to giving our people a wealth of opportunities to reach their full potential.
Excellence
Everything we do at Samsung is driven by an unyielding passion for excellence—and an unfaltering commitment to develop the best products and services on the market.
Change
In today’s fast-paced global economy, change is constant and innovation is critical to a company’s survival. As we have done for 70 years, we set our sights on the future, anticipating market needs and demands so we can steer our company toward long-term success.
Integrity
Operating in an ethical way is the foundation of our business. Everything we do is guided by a moral compass that ensures fairness, respect for all stakeholders and complete transparency.
Co-Prosperity
A business cannot be successful unless it creates prosperity and opportunity for others. Samsung is dedicated to being a socially and environmentally responsible corporate citizen in every community where we operate around the globe.
Vision 2020
Samsung Electronics’ vision for the new decade is to “Inspire the World, Create the Future.”
We are committed to inspiring communities around the world by developing new technologies, innovative products and creative solutions. We are also committed to creating a brighter future by developing new value for our core networks: industry, partners and employees. Through these efforts, we hope to contribute to a better world and a richer experience for all.
As part of our new vision, we have mapped out a specific plan of reaching $400 billion in revenue and becoming one of the world’s top five brands by 2020. To this end, we have also established three strategic approaches in our management: creativity, partnership and talent.
We are excited about the future. As we build on our previous accomplishments, we look forward to exploring new territories, including health, medicine and biotechnology. We are committed to being a creative leader in new markets and becoming a truly No. 1 business going forward.
Charter
Our Board of Directors will unveil our official corporate statements soon. Please come back for updated information.
