25 Incredible Facts About Samsung

Samsung is a South Korean multinational business conglomerate headquartered in the Samsung Town of Seoul. The Samsung brand is the biggest chaebol (business conglomerate) in South Korea. The company was founded by Lee Byung-Chul in 1938 as a trading company. Over the next three decades, the group diversified into areas that include retail services, food processing, textiles, securities, and insurance. The company entered the electronic industry in the late 1960s and diversified into the construction and Shipbuilding industries in the mid of 1970s. After the death of its founder in 1987, the company got separated into four business groups- Samsung Group, CJ Group, Shinsegae Group, and Hansol group.

1. Samsung was founded on March 1, 1938, as a grocery trading store. He started his business in the Taegu city of Korea. It uses to trade noodles and other goods in and around the city and exporting them to China and its provinces.
2. Samsung first entered the electronic market in the year 1969 with several electronic-focused divisions. Their first product as an electronic company was a 12-inch black and white television. Then in the 1970s, the company started exporting their home electronic products overseas.
3. Samsung Electronics nowadays produces LCD and LED panels, memory chips, NAND flash, solid-state drives, mobile phones, televisions, digital cinemas screen, and laptops.
4. According to the Korean Hanja language, Samsung means “three stars.”
5. As of 2020, Samsung is the 8th highest brand value on the globe.
6. To test what happens if someone sits on their phone, Samsung has a special robot Shaped like our bottom to prove that Samsung phones do not bend under pressure.
7. Samsung has assembly plants and a sales network in over 74 countries.
8. In the year 2019, the number of people employed by the company was 284.44 thousand.
9. Samsung is the largest manufacturer of consumer electronics by revenue on the globe.
10. In the year 2019, Samsung Electronics recorded revenue of around 230.4 trillion South Korean won (approximately 206 billion U.S. dollars).
11. Samsung is also a full-time weapon manufacturer and also makes tanks, self-propelled howitzers, and jet engines. It is known as Hanwha Techwin and was initially founded as Samsung Precision back in 1977. Samsun Precision started manufacturing weaponry after changing its name to Samsung Aerospace industries in 1987.
12. Samsung is the 5th most innovative company on the planet, just after the tech giants like Apple, Google, Amazon, and Microsoft.
13. In 2013 Samsung was selling three televisions every second that works out to be at 180 per minute, 10,800 per hour, 259, 200 per day, and roughly 7.78 million every month.
14. Samsung is the biggest smartphone manufacturer in the world, accounting for 23% of the global market. The company shipped 80.4 million units in the third quarter of 2020.
15. In 2013 Samsung revenue was almost $212 billion, which comprise 13% of South Korean GDP.
16. The retina displays that are used in Apple iPhones are actually manufactured by Samsung.
17. Since the foundation of Samsung heavy industries in 1974, the company has received orders for a total of 1249 Ships (as of Dec 2019). The company has already delivered 1,135 of these vessels and continues to be recognized for its superior quality and outstanding technology.
18. The logo of Samsung we use to see and recognize today was actually introduced in 1993 before that two other logos were there for this renowned brand.
19. The Burj Khalifa, which is the tallest building in the United Arab Emirates, is actually constructed by Samsung C&T. The company has also worked on towers like Petronas Twin Towers of Malaysia and Taipei 101 tower of Taiwan.
20. In 2017 Samsung was the biggest advertiser on the planet with total spending of $11.2 Billion.
21. Samsung has a total of 76,638 patents, including utility, Design, and other technological patents.
22. The first mobile phone that utilizes the CDMA technology was made by Samsung. This South Korean company also developed the first watch phone.
23. Samsung has a market capitalization worth $326 billion, and the net worth of Samsung is pegged at $295 billion.
24. In the year 2019, Samsung shipped 295 million smartphones, beating out Apple’sApple’s 193 million.
25. Samsung Heavy Industries Co Ltd is one of the largest shipbuilders in the world and one of the “Big Three” shipbuilders of South Korea. The company builds ships in a massive 4 million square foot shipyard.