Samsung Electronics

Samsung Electronics Co., Ltd. (Korean: 삼성전자; Hanja: 三星電子; RR: Samseong Jeonja; lit. "tristar electronics", sometimes shortened to SEC and stylized as SΛMSUNG) is a South Korean multinational electronics company headquartered in the Yeongtong District of Suwon.[1] It is the pinnacle of the Samsung chaebol, accounting for 70% of the group's revenue in 2012.[5] Samsung Electronics has played a key role in the group's corporate governance due to circular ownership.[6] Samsung Electronics has assembly plants and sales networks in 74 countries and employs around 290,000 people.[4] It is majority-owned by foreign investors.[7][8] It is the world's largest manufacturer of consumer electronics by revenue.[9] As of 2019, Samsung Electronics is the world's second largest technology company by revenue, and its market capitalization stood at US$520.65 billion, the 12th largest in the world.[10]

Samsung Electronics Co., Ltd.
Native name
삼성전자 주식회사
Hanja三星電子株式會社
Revised RomanizationSamseong Jeonja Jusikhoesa
FormerlySamsung Electric Industries (1969–1988)
TypePublic company
ISINKR7005930003
Industry
Founded13 January 1969; 52 years ago (1969-01-13)
HeadquartersSamsung Digital City, Samsungno 129, Maetan-dong, ,
Area served
Worldwide
Key people
  • Jae-Wan Bahk (Chairman)
  • Ki-Nam Kim (vice chairman)
  • Hyun-Suk Kim (President & CEO - Consumer Electronics)
  • Dong-Jin Koh (President & CEO - IT and Mobile Communications)
ProductsSee products listing
Revenue US$200.6 billion (2020)[2]
US$30.5 billion (2020)[2]
US$22.4 billion (2020)[2]
Total assets US$320.4 billion (2020)[2]
Total equity US$233.7 billion (2020)[2]
OwnersNational Pension Service (9.69%)[3]
Samsung Life Insurance (8.51%)[3]
Samsung C&T Corporation (5.01%)[3]
Estate of Jay Y. Lee (5.79%)[3]
Samsung Fire & Marine Insurance (1.49%)[3]
Number of employees
287,439 (2020)[4]
ParentSamsung
Subsidiaries
Websitesamsung.com
Footnotes / references
    Samsung Electronics quarterly results
    CE: Consumer Electronics
    DS: Device Solutions
    IM: IT & Mobile communications

    Samsung is a major manufacturer of electronic components such as lithium-ion batteries, semiconductors, image sensors, camera modules and displays for clients such as Apple, Sony, HTC and Nokia.[11][12] It is the world's largest manufacturer of mobile phones and smartphones, started with the original Samsung Solstice[13] and later, the popularity of its Samsung Galaxy line of devices.[14] The company is also a major vendor of tablet computers, particularly its Android-powered Samsung Galaxy Tab collection, and regarded for developing the phablet market with the Samsung Galaxy Note family of devices.[15] It has also developed 5G capable smartphones including the Galaxy S21 and foldable phones including the Galaxy Z Fold 3. Samsung has been the world's largest television manufacturer since 2006,[16] and the world's largest manufacturer of mobile phones since 2011 up until 2021.[17] It is also the world's largest memory chip manufacturer[18] and, from 2017 to 2018, had been the largest semiconductor company in the world, briefly dethroning Intel, the decades-long champion.[19]

    In 2012, Kwon Oh-hyun was appointed the company's CEO. He announced in October 2017 that he would resign in March 2018, citing an "unprecedented crisis".[20][21][22] As of March 2018, the company maintains a three-CEO layout, with Ki Nam Kim, Hyun Suk Kim, and Dong Jin Koh.[23] It has also had HC Hong as a separate CEO for Southeast Asia since 2015.[24][25][26][better source needed]