|Samsung Electronics Co.
|Suwon-si, South Korea
|1 March 1938
|Number of Employees:
|United States of America and world
|Products of Company:
|multinational electronics company
|Net Worth in 2024:
Samsung is a Korean multinational company offering its services across the world. It is one of the world’s largest manufacturers of electronic devices. The company manufacturer product related to semiconductors, memory chips, and integrated systems. The organization is the fifth largest exporter in South Korea.
The position of Samsung is unmatched across the world. The road to reach the top was very difficult for the company, but the founder reached the top with hard work and dedication. Apart from manufacturing, Samsung is also a financial service provider. The name of the company refers to three stars.
Well, how well do you know about Samsung? If not much, we have compiled all you need to know about Samsung’s net worth in 2024, wiki and complete details. Well, if you’re all set, here is what we know about Samsung to date.
The company was established as small trading with just 30 to 40 employees by Lee Byung-Chul. At that time, the company was based in Seoul. The founder leaves Seoul due to Korean War.
The founder did not lose hope and started a sugar refinery in Busan. After that, he started a plant in Daegu. Lee starts investing money in several industries like insurance, securities, and retail.
After acquiring Gumi, the company entered into the telecommunication business. The first product of the company was switchboards. The company produced more than 800 million phones. After the founder’s death, the company was divided into five business groups: Samsung Group, Shinsegae Group, CJ Group, Hansol Group, and JoonAng Group.
In the 1990s, the company became a global organization, and they started their new Samsung’s Construction Branch. They started the construction of two Petronas Towers in Malaysia. The organization acquired Sungkyunkwan University. In 1992, the company became the largest producer of memory chips. The company base is so strong that they did not get any hard in the 1997 Asian Financial Crisis. They also manufacture aircraft engines and gas turbines.
In 2000, the company started contracting a development center in Warsaw, Poland. The next company was Digital TV and Smartphones. They launched Samsung Solstice first time. In 2008, the company launched the Samsung Galaxy range of products. In 2012, they became the world’s largest mobile phone maker in terms of unit sales. The organization received 7,679 utility parents from the United States.
In 1995, the company acquired Rollei. They have more than 80 companies that belong to sectors named contractions, consumer electronics, financial services, and medical services. The electronics division of the organization manufacturer product related to air conditioners, computers, digital television, mobile phones, printers, and many more.
Samsung is the partial owner of several companies named Atlantico Sul, DGB Finacial Services. Corning Inc, Doosan Engine, Korea Aerospace Industries, MEMC Korea, Pantech, and many more. They are working on the self-driving car. The company is expanding its renewable energy branch with 40,000 employees.
Awards & Achievements
The company received several awards. In 2018, the company technical school won Grand Prix. They received Global Mobile Awards in 2017. In 2020, the company became the 8th highest global brand value.
Net Worth & Earnings of Samsung in 2024
As of 2024, The revenue of Samsung is $220 billion. The market cap of Samsung Electronics is $350 billion. The global headquarters of Samsung is situated in Seoul, South Korea. The chairman of the organization is Lee Jae-Yong. The company operates several subsidiaries named Samsung Electronics, Samsung Engineering, Samsung C&T Corporation, Samsung Heavy Industries, Samsung SDS, Samsung Life Insurance, Samsung Fire & Marine Insurance, Cheil Worldwide, and Samsung Biologics.
The most important income source of the organization is from semiconductors and mobile phones. The company is a very important part of South Korea’s economy, politics, media development.
The company contributes $100 million per annum to their medical group. The organization was founded in 1994. They also have the world’s largest Cancer Center, which is located in Seoul.