Samsung is a multinational conglomerate company of South Korea. It is headquartered in Seoul in Samsung Town in South Korea.
Image: company website
It has number of subsidiaries under the Samsung brand name and is the largest company (business conglomerate) in South Korea. Samsung was founded as a trading company in 1938 by Lee Byung-chul, and in the next thirty years the group expanded its business and diversified into various sectors like into textiles, insurance, food processing and retail.
Samsung made its foray in electronics domain in 1960s and also ventured into shipbuilding and construction industries in 1970s. These industries drove up the Samsung’s company growth. After the death of the founder in 1987, Samsung disintegrated into four groups - CJ Group, Hansol Group, Shinsegae Group and Samsung Group. From 1990s Samsung has become a global company particularly in semiconductors, mobile phones and electronics. These areas have also brought in the most revenue for the Samsung group.
Samsung electronics is the largest information technology company in the world in terms of revenue in 2012 and fourth in terms of market value. Similarly Samsung C&T and Samsung Engineering is thirty-sixth and thirteenth largest construction company in the world respectively.
Samsung has had a powerful impact on economic development, media, culture and politics of South Korea. It has also been a driving force behind the motto “Miracle on Han River”. Its affiliate and subsidiaries companies garner around a fifth of Korea’s total exports. This group’s revenue is estimated to be 17 percent of South Korea’s GDP of $1,082 billion.
Adding to its smart TVs list Samsung ringed in 2016 with a line of smart television sets which boasts of 44 new models and has delivered 11 new innovations in India.
Market Share= 21.0 %
The top TV brands are ranked on the basis of market share of the brands.