Samsung
A South Korean multinational manufacturing corporation with its headquarters in Samsung Town, Seoul, South Korea, is known as Samsung Group, or just Samsung. It is the largest South Korean chaebol and consists of multiple connected enterprises, the majority of which are unified under the Samsung brand (business conglomerate). Samsung will have the eighth-highest worldwide brand value in 2020.
In 1938, Lee Byung-chul established Samsung as a commercial business. The group expanded into industries like food processing, textiles, insurance, securities, and retail over the course of the following three decades. Samsung entered the shipbuilding and construction industries in the middle of the 1970s after first entering the electronics sector in the late 1960s. Samsung was divided into five business groups after Lee's passing in 1987: Samsung Group, Shinsegae Group, CJ Group, Hansol Group, and JoongAng Group.
Samsung's market cap as of March 2023 is $313.76 billion. By market capitalization, Samsung is now the 24th most valuable corporation in the world. The most recent financial reports from Samsung show that the company's current revenue (TTM) is $233.13 billion. The corporation generated $240.71 billion in revenue in 2021, a rise from $203.43 billion in revenue in 2020.
Founded: March 1, 1938
Headquarters: 40th floor, Samsung Electronics Building, 11, Seocho-daero 74-gil, Seocho District, Seoul, South Korea
Website: www.samsung.com
