|Net Worth:||$295.08 Billion|
What is Samsung Group’s Net Worth?
Samsung Group is a South Korean multinational manufacturing conglomerate that has a net worth of $295.08 Billion. It has its headquarters located in Samsung Town, Seoul, South Korea.
It is the biggest chaebol in South Korea and is made up of numerous connected businesses, the bulk of which are united under the Samsung name (business conglomerate). In 2020, Samsung’s global brand value will rank eighth.
Samsung was founded as a for-profit company by Lee Byung-Chul in 1938. Over the course of the next three decades, the business diversified into sectors such as food processing, textiles, insurance, securities, and retail.
After first joining the electronics industry in the late 1960s, Samsung first joined the shipbuilding and construction industries in the middle of the 1970s. After Lee’s death in 1987, Samsung was split into the Samsung Group, Shinsegae Group, CJ Group, Hansol Group, and JoongAng Group.
Among the notable Samsung industrial affiliates are Samsung Electronics, which according to 2017 revenues is the world’s largest manufacturer of consumer electronics, semiconductors, and information technology; Samsung Heavy Industries, which according to 2010 revenues is the second-largest shipbuilder in the world; Samsung Engineering, which is the 13th- and 36th-largest construction company in the world; and Samsung C&T Corporation.
Other prominent companies include Samsung Life Insurance, the 14th largest life insurance company in the world, and Samsung Everland, which manages Everland Resort, the oldest amusement park in South Korea. Another is Cheil Worldwide, the fifteenth-largest advertising agency in the world based on 2012 revenue.
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