Samsung is the largest chaebol (business conglomerate) of South Korea. In fact, it is the world's largest information technology company in terms of its revenues in 2012.
Samsung is also the world's 2nd largest ship builder as per the 2010 revenues.
Samsung Engineering and Samsung C&T are the 13th and the 36th largest construction companies.
Another fascinating subsidiary of Samsung is Samsung Life Insurance Company which is the world's 14th largest life insurance company.
Cheil worldwide is world's 15th largest advertising agency measured by 2012 revenues.
Generating a revenue of US$ 305 billion, Samsung accounts for 17% of the GDP of South Korea. Its assets worth US$ 529.5 billion. Its total equity accounts for US$ 231.2 billion. The company contributes employment to 4,89000 people.
Apparel, chemicals, consumer electronics, electronic components, medical equipment, semiconductors, ships and telecommunications equipment are the products manufactured by Samsung group.
Its tertiary sector comprises Advertising, construction, entertainment, financial services, hospitality and information and communications technology. medical and health care services, retail and ship building.
The subsidiaries of Samsung are Samsung Electronics, Samsung Life Insurance, Samsung Fire and Marine Insurance, Samsung Heavy Industries, Samsung C& T Corporation, Samsung SDS, Samsung Techwin and Renault Samsung Motors.
Having been founded as a trading company in 1938, Samsung got diversified into the different areas over the next three decades. These areas comprise food processing, textiles, insurance, securities and retail.
Samsung entered the electronic industry in the late 1960's and the construction and shipbuilding industries in the mid-1970's. These areas have ensured its tremendous growth. It is understood by Article Goodwill that Samsung's contribution to Korean economy is significant.
Lee's death in 1987 was followed by the separation of Samsung into four business groups - Samsung Group, CJ Group and Hansoi Group.
Since 1990's, mobile phones and semi-conductors have become the chief source of income to Samsung.
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