List of Companies in the Samsung Group

Last Updated : 27 Mar, 2024

Samsung Electronics Co. Ltd. the biggest and most well-known South Korean multinational conglomerate’ is among the 10 largest global corporations. Samsung as a subsidiary of Samsung Group currently is seated in the main town of Samsung in Seoul, South Korea. A total of 260.000 people work for Samsung in more than 70 countries.

Samsung has a powerful subsidiary structure encompassing Samsung Electronics, Samsung SDS, Samsung Engineering, Samsung Biologics, Samsung Fire and Marine Insurance, Samsung Life Insurance, Samsung Heavy Industries, Samsung C&T Corporation, Samsung SDI, Samsung electro-mechanics, and Cheil Worldwide. Today, Samsung is one of the world’s biggest conglomerates that comes 8th in the global strategic rank by brand values.

As Samsung expanded, it enriched its set of activities and now it is producing not only consumer appliances and electronics, but it is also making medical devices, chip manufacturing, clothing, and telecommunication products. Apart from having ads, financial services, information technology, medical services, semiconductors, shipbuilding, hospitality, construction, and advertisements, its services also broadly contribute.

Table of Content

Samsung Group Highlights
Samsung Group Overview & History
Samsung Group Business List
Top Companies Owned by Samsung Group
Conclusion
List of Companies in the Samsung Group- FAQs

Samsung Group Highlights

Attribute	Details
Company	Samsung Group
Industry	Semiconductors, Electronics, Electrical Engineering
Founded	1938
Headquarters	Suwon-Si
Country/Territory	South Korea
CEO and President	KS Choi
Employees	20,000

Samsung Group Overview & History

Samsung was initially established by Lee Byung Chul in 1938 in Daegu as Mitsubishi Trading Company under Hangang Industrial Co., Ltd. At the beginning, it was mainly devoted to food processing, manufacturing, textiles, insurance and trade & retail. The next stage was the 1960s, where Samsung went into business in the field of electronics and IT industry such as Samsung electronics, Corning, Samsung semiconductors. During this period, Samsung became the producer of the first TV of black and white color.

By the middle of the 1970s, the company entered shipbuilding, construction and infrastructure businesses, so that the company’s profits could be diversified. In 1987, the founder of Samsung Group, Lee Byung Chul died which further divided Samsung into five company groups: the Samsung Group, CJ Group (food and chemistry), Hansol Group (paper and telecommunication), JoongAng Group (media), and SHINSEGAE Group (departmental stores).

In the process Samsung proved itself as one of the leading companies by supplying its construction products like Burj Khalifa in the United Arab Emirates, Petronas towers in Malaysia, and Taipei 101 in Taiwan. Besides, Samsung was leading the leading and producing sector of LCD screens, semiconductors, and mobile phones in the world. With that, Samsung progressed to gas turbines and commercial aircraft engine development for airliners in 1999.

Samsung Group Business List

Below given is the brief list of companies owned by Samsung Group:

1. Harman International Industries

Harman International Industries deals with designing, manufacturing and selling the audio equipment sets and electronics systems. The business was Samsung’s pride jewel and later it was bought by Samsung in 2016 in consideration with $8 billion. The fact that its products are marketed under the JBL, Infinity, Harman/Kardon and Mark Lewis product lines is the case in point.

2. AdGear

In June 2016,Samsung came up with AdGear, a leading digital advertising technology company that is a provider of software and services for different kinds of channels which include TV, Print,Dialog and Digital. AdGear has a device that is called AdGear Trader, which is a digital signal processor that controls data and for advertising as well. AdGear member function is to allow the Samsung TV audiences to connect with the customers through internet digital devices Samsung Investment branch of the Global Innovation Center was in charge, the acquisition. Now, the new branch functions as an independent entity totally owned by Samsung Electronics Canada Inc. Around $50 million was handed over as the price of the deal.

3. Joyent

Besides, Samsung too bought a Joyent -a global cloud services provider company (public and private)- in June, 2016. Through takeover, Samsung is now able to work by and support their products with cloud-based software. Prior to the bargain, Joyent had collected $131 million form private angels.

Joyent, founded in 2005, has two main products: container service as a service (CaaS) where it built the product called Triton and Node.js services that became the dominating template for web, mobile and IoT applications.

4. LoopPay

Apple Pay’s competitor, Samsung took the acquisition of LoopPay to be an equal factor. Samsung has partnered with this Money20/20-based start-up, which creates the platform for Samsung Pay, its mobile payment system. The LoopPay come up with an unique payment system that shoppers can tap to the hardware to pay for their purchase in the store with a mobile payment receiving system. The company has imbibed this technology to its mobile devices which Samsung makes.

Before coming under the acquisition, LoopPay had already attracted $10 million in VC financing. Moreover, it reached a $250 million deal with Samsung.

5. Nexus

Another example of Samsung’s determination to expand into other industries is its acquisition of Nexus, a healthcare-oriented equipment maker located in the Unites States. No figure of purchase was revealed but the company ventured into the health care industry.

Such purchase is a sign of confidence in the acquisitive ability of Samsung from Korea. Nexus belongs to the cardiac-testing category and was brought in 2011.

6. Novaled

Samsung invested on $347 million in 2013 to buy Novaled. The acquisition of Novaled was a game-changer for Samsung, as this company focuses on the research and development of organic materials and techniques exclusive to the next-generation displays with high performance OLED displays.

Novaled’s technologies are put in use by all displays such as televisions and mobile devices. The company which is in Germany.

7. Proximal Data

California acquired Proximal Data that was from Samsung in 2014. It produces server-side caching application. The main aim of this task, it ensures that continuously used information is kept in memory efficiently. The startup had raised $8 mln of financing prior to the transaction.

8. Simpress

In the first quarter of 2015, Samsung bought Simpress, inventor of printing technology solutions at just $100 million. The target of the deal was to reinforce the business-to-business unit with the aim of strengthening the market position and to ensure the profitability. Simpress, a Brazil-based company, will provide Samsung with a good basis to further penetrate the Latin American market and progress in the business process outsourcing field.

9. SmartThings

In the summer of 2014, Samsung settled to become one of the best hubs for the smart home kits through hardware and software integration. Since then, for $200 million it was SmartThings, a leading firm in technology connection. The company has come up with smart kits to work together with the SmartThings Hub, and with sufficient synchronization, the product can control hundreds of devices.

10. Prismview

Now Prismview, (sometimes known and Young Electric Sign Co.), which was later absorbed by Samsung in 2015 is an example of the company where the manufacture of light-emitting diode displays is involved. The specialties of Una Basin Company in Utah are digital billboards and diode signs. Samsung Company processes such screens by using the TFT method to integrate them in televisions, smartphones and tablet computers. To the public, the exact figure of the sale was an undisclosed concept.

Top Companies Owned by Samsung Group

Company	Acquired in	Founder
Harman International Industries	2017	Bernard Kardon, Sidney Harman
AdGear	2016	Yves Poiré, Vlad Stesin, and Bosko Milekic
Joyent	2016	David Young and Jason Hoffman
LoopPay	2015	George Wallner, Will Graylin
Nexus	2015	Narendra K. Gupta
Novaled	2013	Novaled AG and Heliatek GmbH, Karl Leo
Proximal Data	2014	Rory Bolt
Simpress	2015	Robert S. Keane
SmartThings	2014	Alex Hawkinson
Prismview	2015	Wendy Gould

Conclusion

In conclusion, if you love your mobile phone, have purchased recently your new flat screen TV or you were talking on your Samsung smart Watch, then you are one of millions of digitals consumers that Samsung provides a great user experience making our day and our life better. This scope is amplified by the idea beyond the extent of the normal imagery of their brand name.

Remember, whenever you hold your current tech gadget in awe or discover a fancy high-tech product, do remember that what comes in sight maybe just the tip of the iceberg of technology. It is probable that that device is just one factor as it relates to the complex web of this conglomerate that has spins throughout the globe!