Samsung Electronics – additional information
Samsung was founded in 1938 and originally dealt with groceries as well as the production noodles. It quickly diversified into a variety of sectors including insurance and retail and became the present day corporation in 1947, after a joint investment in Samsung Mulsan Gongsa. The headquarters are found in Seoul, South Korea. There are several subsidiaries that account for the variety of enterprises that the Samsung Group undertakes including Samsung Life Insurance and Samsung Heavy Industries. Samsung Electronics is one of the largest subsidiaries of the Samsung Group, making much over half of the group’s revenue. Samsung Electronics is headquartered in Suwon, South Korea and has assembly plants and sales networks in 80 countries. Samsung Electronics generated 29 percent of its revenue in North and South America in 2012 and 14 percent in South Korea.
Samsung Electronics has four major divisions including digital media, semiconductor, telecommunication network, and LCD digital appliances. The company provides electronic components such as lithium-ion batteries and semiconductors to companies like Sony and Apple. Samsung is become especially known for some of its consumer products such as mobile devices as well as their home entertainment systems. Since 2002, the company has been one of the largest producers of LCD panels as well as one of the largest television manufacturers in the world. As of 2013, Samsung held 20.8 percent of the global LCD TV market share. In the fourth quarter of 2013, global mobile phone shipments totaled over 488 billion units; in that same period Samsung's worldwide mobile shipments amounted to more than 112 million units. In 2015, Samsung was name the third most valuable corporate brand in Asia.