Samsung Plasma TVs

The Samsung Group is composed of numerous South Korean business sectors including Samsung Electronics and Samsung Life Insurance. At the core of it all, the Samsung Group is helmed by its chairman Kun-hee Lee. more...

On March 1st 1938, Samsung was first founded under the name Samsung General Store in Daegu. Then in 1948, Samsung Corporation was established and in order to meet the increasing needs of the people of that era, which was providing food and clothing, Cheil Jedang(a.k.a. CJ) and Cheil Industries were established respectively.

For the past 60 years, Samsung has been conducting businesses in various areas such as foods, textiles, electronics, aircrafts, machineries, chemicals, ships, and finances to fulfill the needs of each era. In 1993, Samsung declared the great reform of ‘New Management’ that aimed to advance its business sectors by valuing product’s quality over quantity. This led to a tremendous growth in sales from KRW 2.2 trillion in 1999 to KRW 15.7 trillion in 2004.

Currently, Samsung boasts of having 16 products that dominated the world’s market share and they are as follows. (According to the records in 2004)

DRAM, color cathode-ray tube TVs(CPT, CDT), SRAM, TFT-LCD glass substrates, TFT-LCD, STN-LCD, tuner, CDMA handset, color television(CTV), monitor, flash memory, LCD Driver IC(LDI), PDP module, PCB for handheld(mobile phone plates), Flame Retardant ABS, and Dimethyl Formamide(DMF).

According to Interbrand and BusinessWeek , Samsung’s brand value ranked 43rd(USD 5.2billion) in 2000, 42nd(USD 6.4 billion) in 2001, 34th(USD 8.3 billion) in 2002, 25th(USD 10.8 billion) in 2003, 21st(USD 12.5 billion) in 2004, and 20th(14.9 billion) in 2005 among top global companies.

In terms of export that directly contributes to the Korean economy, Samsung took up 18.1% of the national export amount with USD 31.2 billion in 2000 and 20.7% with USD 52.7 billion in 2004. In addition, the amount of tax that Samsung paid to the Korean government in 1003 was KRW 6.5 trillion, which took up 6.3% of the national tax.

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