Samsung


 The Samsung Group (or simply Samsung, stylized in logo as SΛMSUNG) is a South Korean multinational manufacturing conglomerate headquartered in Samsung Town, Seoul, South Korea. It comprises numerous affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean chaebol (business conglomerate). As of 2020, Samsung has the 8th highest global brand value.

Samsung was founded by Lee Byung-chul in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities, and retail. Samsung entered the electronic industry in the late 1960s and the construction and shipbuilding industries in the mid-1970s; these areas would drive its subsequent growth. Following Lee's death in 1987, Samsung was separated into five business groups – Samsung Group, Shinsegae Group, CJ group and Hansol Group, and Joongang Group.

Notable Samsung industrial affiliates include Samsung electronics (the world's largest information technology company, consumer electronics maker and chipmaker measured by 2017 revenues), Samsung Heavy Industries(the world's 2nd largest shipbuilder measured by 2010 revenues), and Samsung Engineering and Samsung C&T Corporation (respectively the world's 13th and 36th largest construction companies). Other notable subsidiaries include Samsung Life Insurance (the world's 14th largest life insurance company), Samsung Everland (operator of Everland Resort, the oldest theme park in South Korea) and Cheil Worldwide (the world's 15th largest advertising agency, as measured by 2012 revenues).


Major Clients

 -Royal Dutch Shell
Samsung Heavy Industries will be the sole provider of liquified natural gas (LNG) storage facilities worth up to US$50 billion to Royal Dutch Shell for the next 15 years.
Shell unveiled plans to build the world's first Floating Liquified natural gas (FLNG) platform. In October 2012 at Samsung Heavy Industries' shipyard on Geoje Island in South Korea work started on a "ship" that, when finished and fully loaded, will weigh 600,000 tonnes, the world's biggest "ship". That is six times larger than the largest U.S. aircraft carriers.

-United Arab Emirates government

A consortium of South Korean firms, including Samsung, Korean Electric Power Corporation and Hyundai, won a deal worth $40 billion to build nuclear power plants in the United Arab Emirates.

-Ontario government

The government of the Canadian province of Ontario signed off one of the world's largest renewable energy projects, signing a deal worth $6.6 billion for an additional 2,500 MW of new wind and solar energy. Under the agreement, a consortium led by Samsung and the Korea Electric Power Corporation will manage the development of 2,000 MW-worth of new wind farms and 500 MW of solar capacity, while also building a manufacturing supply chain in the province.


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