Samsung Group (English: SAMSUNG, Korean: ) is South Korea's largest multinational enterprise group. Samsung Group includes many international subsidiaries. Its subsidiaries include Samsung Electronics, Samsung Products, Samsung Life Insurance, etc. Its business covers electronics, finance, machinery, chemistry and many other fields. Samsung Group was founded in 1938 by Li Bingzhe. Samsung Group is a family business, and the Li family is inherited. Each Samsung industry under its jurisdiction is a family business and is managed by other members of the family.
Its subsidiaries include: Samsung Electronics, Samsung SDI, Samsung SDS, Samsung Electric, Samsung Corning, Samsung Networks, Samsung Fire, Samsung Securities, Samsung Products, Samsung Heavy Industries, Samsung Engineering, Samsung Aviation and Samsung Life, etc., and are managed by Li members in the family, three of which were selected as one of the world's top 500 companies by Fortune magazine. Samsung Electronics is its largest subsidiary. In 2009, Samsung Electronics ranked 40th among the world's top 500 companies, ranked 50th among the world's most respected companies, and ranked 19th in terms of brand value, which is 2 places higher than in 2008. Progress. In 2011, the global corporate market value was US$150 billion.
On the evening of November 4, 2016, Samsung Electronics USA announced that it would voluntarily recall 2.8 million units of specific models of top-opening washing machines. [4]In the second quarter of 2018, Samsung shipped 8 million mobile phones in India, with a market share of 23%, ranking second after Xiaomi.
Premier Li Keqiang said: Samsung Electronics 'wholly-owned subsidiaries in China have completed a cumulative investment of US$10.87 billion, with an estimated total investment of US$15 billion. [9]
In April 2020, Samsung announced its withdrawal from the LCD panel market and shut down all its LCD panel production lines in South Korea and China at the end of 2020.