The company name means “three stars” in Korean hanja characters—three translating to “big, numerous, and powerful” and stars meaning “eternity.”
Employing more than 3,70,000 employees Samsung Electronics is world largest IT Company by revenue
Samsung had a car-manufacturing subsidiary called Samsung Motors that later become subsidiary of Renault and Samsung still maintains minority ownership in the company.
Samsung group comprises of around 80 companies with activities in areas including construction, chemicals, electronics, medical, telecommunication equipment, advertising, shipbuilding and many more. Samsung was originally founded as a trading company that specialized in selling local groceries and produced noodles as its flagship product.
The world’s tallest skyscraper building Burj Khalifa, The 4th tallest Taipei 101, both the buildings are actually built by Samsung C&T Corporation (A subsidiary of Samsung Group).
After Hyundai, Samsung Heavy Industries( a subsidiary of Samsung Group) is the second largest shipbuilder.
As Samsung is South Korea based company and thus contribute a major part of its revenue in GDP of the country. Samsung’s revenue was equal to 17% of South Korea’s nominal GDP.
Samsung Group’s total revenue is nearly equal to the revenue of Google, Apple and Microsoft put together. Also, According to reports, Samsung spends more on its yearly advertising budget than Apple, Coca Cola, Dell, HP, and Microsoft combined. We’re talking an estimated $12 billion.
Samsung’s CEO Lee Kun-Hee is one of the richest people in the world and has an estimated net worth of $12.6 billion.