Samsung Group (Hangul: ; hanja: ; Korean pronunciation: [s ams up] ) is a South
Korean multinational conglomerate company headquartered in Samsung Ton! Seoul" #t comprises
numerous su$sidiaries and a%%iliated $usinesses! most o% them united under the Samsung $rand! and is the largest South Korean chaebol ($usiness conglomerate)" Samsung as %ounded $y &ee 'yung(chul in )*+, as a trading company" -.er the ne/t three decades the group di.ersi%ied into areas including %ood processing! te/tiles! insurance! securities and retail" Samsung entered the electronics industry in the late )*01s and the construction and ship$uilding industries in the mid()*21s; these areas ould dri.e its su$sequent groth" 3olloing &ee4s death in )*,2! Samsung as separated into %our $usiness groups 5 Samsung 6roup! Shinsegae 6roup! 78 6roup and Hansol 6roup" Since the )**1s Samsung has increasingly glo$ali9ed its acti.ities! and electronics! particularly mo$ile phones and semiconductors! ha.e $ecome its most important source o% income" :ota$le Samsung industrial su$sidiaries include Samsung ;lectronics (the orld4s largest in%ormation technology company measured $y <1)< re.enues! and =th in mar>et .alue)! [<] Samsung Hea.y #ndustries (the orld4s <nd(largest ship$uilder measured $y <1)1 re.enues)! [+] and Samsung ;ngineering and Samsung 7?T (respecti.ely the orld4s )+th and +0th(largest construction companies)" [=] -ther nota$le su$sidiaries includeSamsung &i%e #nsurance (the orld4s )=th(largest li%e insurance company)! [@] Samsung ;.erland (operator o% ;.erland Aesort! the oldest theme par> in South Korea)! [0] Samsung Techin (an aerospace! sur.eillance and de%ense company) and 7heil Borldide (the orld4s )@th(largest ad.ertising agency measured $y <1)< re.enues)" [2][,] Samsung has a poer%ul in%luence on South Korea4s economic de.elopment! politics! media and culture! and has $een a major dri.ing %orce $ehind the CDiracle on the Han Ai.erC" [*][)1] #ts a%%iliate companies produce around a %i%th o% South Korea4s total e/ports" [))] Samsung4s re.enue as equal to )2E o% South Korea4s F)!1,< $illion 6GH" [)<] #n <1)+! Samsung $egan construction on $uilding the orld4s largest mo$ile phone %actory in the Thai :guyen pro.ince o% Iietnam" [)+] Samsung has $een a$le to achie.e the largest mar>et share o% nearly +)E in the glo$al smartphone segment! as o% <1)+"
One Fundamental Corporate Governance Question We Face Can Corporations Be Managed For The Long Term Unless Their Powerful Electorates Also Act and Think Long Term