text:
Native name
|삼성 (三星)
Romanized name
|samseong (samseong)
|1 March 1938Daegu, Japanese Koreain
|Lee Byung-chul
|40th floor Samsung Electronics Building, 11, Seocho-daero 74-gil,
Area served
Key people
|Lee Jae-yong
|Clothing, automotive, chemicals, consumer electronics, electronic components, medical equipment, semiconductors, solid state drives, DRAM, flash memory, ships, telecommunications equipment, home appliances[2]
|Advertising, construction, entertainment, financial services, hospitality, information and communications technology, medical and health care services, retail, shipbuilding, semiconductor foundry
|Samsung Electronics
Samsung Electro-Mechanics
Samsung SDI
Samsung SDS
Samsung Engineering
Samsung C&T Corporation
Samsung Heavy Industries
Samsung Life Insurance
Samsung Fire & Marine Insurance
Cheil Worldwide
Samsung Biologics
|Revised Romanization
|Business culture
|Related topics
The Samsung Group[3] (or simply Samsung) (Korean: 삼성) is a South Korean multinational manufacturing conglomerate headquartered in Samsung Town, Seoul, South Korea.[1] It comprises numerous affiliated businesses,[1] most of them united under the Samsung brand, and is the largest South Korean chaebol (business conglomerate). As of 2020,[update] Samsung has the 8th highest global brand value.[4]
Samsung was founded by Lee Byung-chul in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities, and retail. Samsung entered the electronics industry in the late 1960s and the construction and shipbuilding industries in the mid-1970s; these areas would drive its subsequent growth. Following Lee's death in 1987, Samsung was separated into five business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group, and Joongang Group.
Notable Samsung industrial affiliates include Samsung Electronics (the world's largest information technology company, consumer electronics maker and chipmaker measured by 2017 revenues),[update][5][6] Samsung Heavy Industries (the world's 2nd largest shipbuilder measured by 2010 revenues),[update][7] and Samsung Engineering and Samsung C&T Corporation (respectively the world's 13th and 36th largest construction companies).[8] Other notable subsidiaries include Samsung Life Insurance (the world's 14th largest life insurance company),[9] Samsung Everland (operator of Everland Resort, the oldest theme park in South Korea)[10] and Cheil Worldwide (the world's 15th largest advertising agency, as measured by 2012 revenues).[update][11][12]
According to Samsung's founder, the meaning of the Korean hanja word Samsung (三星) is "three stars". The word "three" represents something "big, numerous and powerful",[13] while "stars" means everlasting or eternal, like stars in the sky.[14][15]
In 1938, during Japanese-ruled Korea, Lee Byung-chul (1910–1987) of a large landowning family in the Uiryeong county moved to nearby Daegu city and founded Mitsuboshi Trading Company (株式会社三星商会 (Kabushiki gaisha Mitsuboshi Shōkai)), or Samsung Sanghoe (주식회사 삼성상회). Samsung started out as a small trading company with forty employees located in Su-dong (now Ingyo-dong).[16] It dealt in dried-fish,[16] locally-grown groceries and noodles. The company prospered and Lee moved its head office to Seoul in 1947. When the Korean War broke out, he was forced to leave Seoul. He started a sugar refinery in Busan named Cheil Jedang. In 1954, Lee founded Cheil Mojik and built the plant in Chimsan-dong, Daegu. It was the largest woollen mill ever in the country.[citation needed]
Samsung diversified into many different areas. Lee sought to establish Samsung as a leader in a wide range of industries. Samsung moved into lines of business such as insurance, securities, and retail.
In 1947, Cho Hong-jai, the Hyosung group's founder, jointly invested in a new company called Samsung Mulsan Gongsa, or the Samsung Trading Corporation, with the Samsung's founder Lee Byung-chull. The trading firm grew to become the present-day Samsung C&T Corporation. After a few years, Cho and Lee separated due to differences in management style. Cho wanted a 30 equity share. Samsung Group was separated into Samsung Group and Hyosung Group, Hankook Tire and other businesses.[17][18]
In the late 1960s, Samsung Group entered the electronics industry. It formed several electronics-related divisions, such as Samsung Electronics Devices, Samsung Electro-Mechanics, Samsung Corning and Samsung Semiconductor & Telecommunications, and made the facility in Suwon. Its first product was a black-and-white television set.[citation needed]
In 1980, Samsung acquired the Gumi-based Hanguk Jeonja Tongsin and entered telecommunications hardware. Its early products were switchboards. The facility was developed into the telephone and fax manufacturing systems and became the center of Samsung's mobile phone manufacturing. They have produced over 800 million mobile phones to date.[20] The company grouped them together under Samsung Electronics in the 1980s.
After Lee, the founder's death in 1987, Samsung Group was separated into five business groups—Samsung Group, Shinsegae Group, CJ Group, Hansol Group and the JoongAng Group.[21] Shinsegae (discount store, department store) was originally part of Samsung Group, separated in the 1990s from the Samsung Group along with CJ Group (Food/Chemicals/Entertainment/logistics), Hansol Group (Paper/Telecom), and the JoongAng Group (Media). Today these separated groups are independent and they are not part of or connected to the Samsung Group.[22] One Hansol Group representative said, "Only people ignorant of the laws governing the business world could believe something so absurd", adding, "When Hansol separated from the Samsung Group in 1991, it severed all payment guarantees and share-holding ties with Samsung affiliates." One Hansol Group source asserted, "Hansol, Shinsegae, and CJ have been under independent management since their respective separations from the Samsung Group". One Shinsegae department store executive director said, "Shinsegae has no payment guarantees associated with the Samsung Group".[22]
In the 1980s, Samsung Electronics began to invest heavily in research and development, investments that were pivotal in pushing the company to the forefront of the global electronics industry. In 1982, it built a television assembly plant in Portugal; in 1984, a plant in New York; in 1985, a plant in Tokyo; in 1987, a facility in England; and another facility in Austin, Texas, in 1996. As of 2012, Samsung has invested more than US$13,000,000,000 in the Austin facility, which operates under the name Samsung Austin Semiconductor. This makes the Austin location the largest foreign investment in Texas and one of the largest single foreign investments in the United States.[23][24]
In 1987, United States International Trade Commission order that the Samsung Group of South Korea unlawfully sold computer chips in the United States without licenses from the chip inventor, Texas Instruments Inc. The order requires Samsung to pay a penalty to Texas Instruments within the coming weeks. Otherwise, sales of all dynamic random access memory chips made by Samsung and all products using the chips would be banned in the United States. The ban includes circuit boards and equipment called single-in-line packages made by other companies that use D-RAM's made by Samsung with 64,000 or 256,000 characters of memory. It also covers computers, facsimile machines and certain telecommunications equipment and printers bearing either of the Samsung chips.[25]
Since 1990, Samsung has increasingly globalised its activities and electronics; in particular, its mobile phones and semiconductors have become its most important source of income. It was in this period that Samsung started to rise as an international corporation in the 1990s. Samsung's construction branch was awarded contracts to build one of the two Petronas Towers in Malaysia, Taipei 101 in Taiwan and the Burj Khalifa in United Arab Emirates.[26] In 1993, Lee Kun-hee sold off ten of Samsung Group's subsidiaries, downsized the company, and merged other operations to concentrate on three industries: electronics, engineering and chemicals. In 1996, the Samsung Group reacquired the Sungkyunkwan University foundation.
Samsung became the world's largest producer of memory chips in 1992 and is the world's second-largest chipmaker after Intel (see Worldwide Top 20 Semiconductor Market Share Ranking Year by Year).[27] In 1995, it created its first liquid-crystal display screen. Ten years later, Samsung grew to be the world's largest manufacturer of liquid-crystal display panels. Sony, which had not invested in large-size TFT-LCDs, contacted Samsung to cooperate, and, in 2006, S-LCD was established as a joint venture between Samsung and Sony in order to provide a stable supply of LCD panels for both manufacturers. S-LCD was owned by Samsung (50% plus one share) and Sony (50% minus one share) and operates its factories and facilities in Tanjung, South Korea. As of 26 December 2011, it was announced that Samsung had acquired the stake of Sony in this joint venture.[28]
Compared to other major Korean companies, Samsung survived the 1997 Asian financial crisis relatively unharmed. However, Samsung Motor was sold to Renault at a significant loss. As of 2010[update], Renault Samsung is 80.1 percent owned by Renault and 19.9 percent owned by Samsung. Additionally, Samsung manufactured a range of aircraft from the 1980s to the 1990s. The company was founded in 1999 as Korea Aerospace Industries (KAI), the result of a merger between then three domestic major aerospace divisions of Samsung Aerospace, Daewoo Heavy Industries and Hyundai Space and Aircraft Company. However, Samsung still manufactures aircraft engines and gas turbines.[29]
In 2000, Samsung opened a development center in Warsaw, Poland. Its work began with set-top-box technology before moving into digital TV and smartphones. The smartphone platform was developed with partners, officially launched with the original Samsung Solstice[30] line of devices and other derivatives in 2008, which was later developed into Samsung Galaxy line of devices including Notes, Edge and other products.
In 2007, former Samsung chief lawyer Kim Yong Chul claimed that he was involved in bribing and fabricating evidence on behalf of the group's chairman, Lee Kun-hee, and the company. Kim said that Samsung lawyers trained executives to serve as scapegoats in a "fabricated scenario" to protect Lee, even though those executives were not involved. Kim also told the media that he was "sidelined" by Samsung after he refused to pay a $3.3 million bribe to the U.S. Federal District Court judge presiding over a case where two of their executives were found guilty on charges related to memory chip price-fixing. Kim revealed that the company had raised a large number of secret funds through bank accounts illegally opened under the names of up to 1,000 Samsung executives—under his own name, four accounts were opened to manage 5 billion won.[31]
In 2010, Samsung announced a ten-year growth strategy centered around five businesses.[32] One of these businesses was to be focused on biopharmaceuticals, to which has committed ₩2,100,000,000,000.[33]
In first quarter of 2012, Samsung Electronics became the world's largest mobile phone maker by unit sales, overtaking Nokia, which had been the market leader since 1998.[34][35]
On 24 August 2012, nine American jurors ruled that Samsung Electronics had to pay Apple $1.05 billion in damages for violating six of its patents on smartphone technology. The award was still less than the $2.5 billion requested by Apple. The decision also ruled that Apple did not violate five Samsung patents cited in the case.[36] Samsung decried the decision saying that the move could harm innovation in the sector.[37] It also followed a South Korean ruling stating that both companies were guilty of infringing on each other's intellectual property.[38] In first trading after the ruling, Samsung shares on the Kospi index fell 7.7%, the largest fall since 24 October 2008, to 1,177,000 Korean won.[39] Apple then sought to ban the sales of eight Samsung phones (Galaxy S 4G, Galaxy S2 AT&T, Galaxy S2 Skyrocket, Galaxy S2 T-Mobile, Galaxy S2 Epic 4G, Galaxy S Showcase, Droid Charge and Galaxy Prevail) in the United States[40] which has been denied by the court.[41]
As of 2013, the Fair Trade Commission of Taiwan is investigating Samsung and its local Taiwanese advertising agency for false advertising. The case was commenced after the commission received complaints stating that the agency hired students to attack competitors of Samsung Electronics in online forums.[42] Samsung Taiwan made an announcement on its Facebook page in which it stated that it had not interfered with any evaluation report and had stopped online marketing campaigns that constituted posting or responding to content in online forums.[43]
In 2015, Samsung has been granted more U.S. patents than any other company – including IBM, Google, Sony, Microsoft and Apple. The company received 7,679 utility patents through 11 December.[44]
The Galaxy Note 7 smartphone went on sale on 19 August 2016.[45] However, in early September 2016, Samsung suspended sales of the phone and announced an informal recall. This occurred after some units of the phones had batteries with a defect that caused them to produce excessive heat, leading to fires and explosions. Samsung replaced the recalled units of the phones with a new version; however, it was later discovered that the new version of the Galaxy Note 7 also had the battery defect. Samsung recalled all Galaxy Note 7 smartphones worldwide on 10 October 2016, and permanently ended production of the phone the following day.[46][47][48]
In 2018, Samsung launched the world's largest mobile manufacturing facility in Noida, India, with guest of honour including Indian Prime Minister Narendra Modi.[49]
Samsung has a powerful influence on South Korea's economic development, politics, media and culture and has been a major driving force behind the "Miracle on the Han River".[50][51] Its affiliate companies produce around a fifth of South Korea's total exports.[52] Samsung's revenue was equal to 17% of South Korea's $1,082 billion GDP in 2013.[53]
"You can even say the Samsung chairman is more powerful than the President of South Korea. [South] Korean people have come to think of Samsung as invincible and above the law", said Woo Suk-hoon, host of a popular economics podcast in a Washington Post article headlined "In South Korea, the Republic of Samsung", published on 9 December 2012. Critics claimed that Samsung knocked out smaller businesses, limiting choices for South Korean consumers and sometimes colluded with fellow giants to fix prices while bullying those who investigate. Lee Jung-hee, a South Korean presidential candidate, said in a debate, "Samsung has the government in its hands. Samsung manages the legal world, the press, the academics and bureaucracy".[54]
Samsung comprises around 80 companies.[55] Its activities include construction, consumer electronics, financial services, shipbuilding and medical services.[55]
As of April 2011, the Samsung Group comprised 59 unlisted companies and 19 listed companies, all of which had their primary listing on the Korea Exchange.[56]
In FY 2009, Samsung reported consolidated revenues of 220 trillion KRW ($172.5 billion). In FY 2010, Samsung reported consolidated revenues of 280 trillion KRW ($258 billion), and profits of 30 trillion KRW ($27.6 billion) based upon a KRW-USD exchange rate of 1,084.5 KRW per USD, the spot rate as of 19 August 2011[update].[57] These amounts do not include the revenues from Samsung's subsidiaries based outside South Korea.[58]
- Lee Byung-chul (1938–1966, 1968–1987)
- Lee Maeng-hee (1966–1968), Lee Byung-chul's first son
- Lee Kun-hee (1987–2008, 2010–2020), Lee Byung-chul's third son
- Lee Soo-bin (2008–2010)
Samsung Electronics is a multinational electronics and information technology company headquartered in Suwon and the flagship company of the Samsung Group.[59] Its products include air conditioners, computers, digital televisions, active-matrix organic light-emitting diodes (AMOLEDs), mobile phones, monitors, printers, refrigerators, semiconductors and telecommunications networking equipment.[60]
It was the world's largest mobile phone maker by unit sales in the first quarter of 2012, with a global market share of 25.4%.[61] It was also the world's second-largest semiconductor maker by 2011 revenues (after Intel).[62]
Steco is the joint venture established between Samsung Electronics and Japan's Toray Industries in 1995.[63] Toshiba Samsung Storage Technology Corporation (TSST) is a joint venture between Samsung Electronics and Toshiba of Japan which specialises in optical disc drive manufacturing. TSST was formed in 2004, and Toshiba owns 51 percent of its stock, while Samsung owns the remaining 49 percent. Samsung Electronics is listed on the Korea Exchange stock market (number 005930).
Samsung Biologics is a biopharmaceutical division of Samsung, founded in 2011. It has contract development and manufacturing (CDMO) services including drug substance and product manufacturing and bioanalytical testing services. The company is headquartered in Incheon, South Korea and its existing three plants comprises the largest biologic contract manufacturing complex. It expanded its contract development service lab to San Francisco, U.S. Samsung Biologics is listed on the Korean Exchange stock market (number 207940).[64] Samsung Bioepis is a biosimilar medicine producer and joint venture between Samsung Biologics (50 percent plus one share) and the U.S.-based Biogen Idec (50 percent).[65][66] In 2014, Biogen Idec agreed to commercialize future anti-TNF biosimilar products in Europe through Samsung Bioepis.[67]
Samsung Engineering is a multinational construction company headquartered in Seoul. It was founded in January 1969. Its principal activity is the construction of oil refining plants; upstream oil and gas facilities; petrochemical plants and gas plants; steel making plants; power plants; water treatment facilities; and other infrastructure.[68] It achieved total revenues of 9,298.2 billion won (US$8.06 billion) in 2011.[69] Samsung Engineering is listed on the Korea Exchange stock market (number 02803450).
Samsung Fire & Marine Insurance is a multinational general insurance company headquartered in Seoul.[70] It was founded in January 1952 as Korea Anbo Fire and Marine Insurance and was renamed Samsung Fire & Marine Insurance in December 1993.[71] Samsung Fire & Marine Insurance offers services including accident insurance, automobile insurance, casualty insurance, fire insurance, liability insurance, marine insurance, personal pensions and loans.[72] As of March 2011 it had operations in 10 countries and 6.5 million customers. Samsung Fire & Marine Insurance had a total premium income of $11.7 billion in 2011 and total assets of $28.81 billion on 31 March 2011. It is the largest provider of general insurance in South Korea. Samsung Fire has been listed on the Korea Exchange stock market since 1975 (number 000810).[72]
Samsung Heavy Industries is a shipbuilding and engineering company headquartered in Seoul. It was founded in August 1974. Its principal products are bulk carriers, container vessels, crude oil tankers, cruisers, passenger ferries, material handling equipment steel and bridge structures.[73] It achieved total revenues of 13,358.6 billion won in 2011 and is the world's second-largest shipbuilder by revenues (after Hyundai Heavy Industries).[74][75] Samsung Heavy Industries is listed on the Korea Exchange stock market (number 010140).
Samsung Life Insurance is a multinational life insurance company headquartered in Seoul. It was founded in March 1957 as Dongbang Life Insurance and became an affiliate of the Samsung Group in July 1963.[76] Samsung Life's principal activity is the provision of individual life insurance and annuity products and services.[77] As of December 2011 it had operations in seven countries, 8.08 million customers and 5,975 employees.[76] Samsung Life had total sales of 22,717 billion won in 2011 and total assets of 161,072 billion won at 31 December 2011.[76] It is the largest provider of life insurance in South Korea. Samsung Air China Life Insurance is a 50:50 joint venture between Samsung Life Insurance and China National Aviation Holding. It was established in Beijing in July 2005.[78] Siam Samsung Life Insurance: Samsung Life Insurance holds a 37 percent stake while the Saha Group also has a 37.5 percent stake in the joint venture, with the remaining 25 percent owned by Thanachart Bank.[79] Samsung Life Insurance is listed on the Korea Exchange stock market (number 032830).
Samsung SDI is listed on the Korea Exchange stock-exchange (number 006400). On 5 December 2012, the European Union's antitrust regulator fined Samsung SDI and several other major companies for fixing prices of TV cathode-ray tubes in two cartels lasting nearly a decade.[80] SDI also builds lithium-ion batteries for electric vehicles such as the BMW i3, and acquired Magna Steyr's battery plant near Graz in 2015.[81] SDI began using the "21700" cell format in August 2015.[82] Samsung plans to convert its factory in Göd, Hungary to supply 50,000 cars per year.[83] Samsung SDI also produced CRTs and VFD displays until 2012.[84][85][86][87] Samsung SDI uses lithium-ion technology for its phone and portable computer batteries.[88]
Samsung SDS is a multinational IT Service company headquartered in Seoul. It was founded in March 1985. Its principal activity is the providing IT system (ERP, IT Infrastructure, IT Consulting, IT Outsourcing, Data Center). Samsung SDS is Korea's largest IT service company. It achieved total revenues of 6,105.9 billion won (US$5.71 billion) in 2012. Samsung C&T Corporation is listed on the Korea Exchange stock market (000830). Samsung Electro-Mechanics, established in 1973 as a manufacturer of key electronic components, is headquartered in Suwon, Gyeonggi-do, South Korea. It is listed on the Korea Exchange stock market (number 009150).[89] Samsung Advanced Institute of Technology (SAIT), established in 1987, is headquartered in Suwon and operates research labs around the world.[90]
Ace Digitech is listed on the Korea Exchange stock market (number 036550). Cheil Industries is listed on the Korea Exchange stock market (number 001300).[91] Cheil Worldwide is listed on the Korea Exchange stock market (number 030000). Credu is listed on the Korea Exchange stock market (number 067280). Imarket Korea is listed on the Korea Exchange stock market (number 122900). Samsung Card is listed on the Korea Exchange stock market (number 029780).
Hotel Shilla (also known as "The Shilla") opened in March 1979, following the intention of the late Lee Byung-chul, the founder of the Samsung Group. Shilla Hotels and Resorts is listed on the Korea Exchange stock market (number 008770).[92]
Samsung Everland covers the three main sectors of Environment & Asset, Food Culture and Resort.
The Samsung Medical Center was founded on 9 November 1994, under the philosophy of "contributing to improving the nation's health through the best medical service, advanced medical research and development of outstanding medical personnel". The Samsung Medical Center consists of a hospital and a cancer center, which is the largest in Asia.[93] The hospital is located in an intelligent building with floor space of more than 200,000 square meters and 20 floors above ground and 5 floors underground, housing 40 departments, 10 specialist centers, 120 special clinics and 1,306 beds. The 655-bed Cancer Center has 11 floors above ground and 8 floors underground, with floor space of over 100,000 square meters. SMC is a tertiary hospital manned by approximately 7,400 staff including over 1,200 doctors and 2,300 nurses. Since its foundation in the 1990s, the Samsung Medical Center has successfully incorporated and developed an advanced model with the motto of becoming a "patient-centered hospital", a new concept in Korea.[94] Samsung donates around US$100 million per annum to the Samsung Medical Center.[95] It incorporates Samsung Seoul Hospital, Kangbuk Samsung Hospital, Samsung Changwon Hospital, Samsung Cancer Center and Samsung Life Sciences Research Center. In 2010, the Samsung Medical Center and pharmaceutical multinational Pfizer agreed to collaborate on research to identify the genomic mechanisms responsible for clinical outcomes in hepatocellular carcinoma.[96][97]
Samsung Taepyeong-ro HQ in Jung District, Seoul
Samsung Engineering India Office- New Delhi, India
The Samsung Hub, formerly 3 Church Street, is a skyscraper located in the Downtown Core of Singapore.
Samsung Techwin was listed on the Korea Exchange stock-exchange (number 012450), with its principal activities being the development and manufacture of surveillance (including security cameras), aeronautics, optoelectronics, automations and weapons technology. It was announced to be sold to Hanwha Group in December 2014[98] and the take-over completed in June 2015.[99] It was later renamed Hanwha Techwin.
Samsung Thales Co., Ltd. (until 2001 known as Samsung Thomson-CSF Co., Ltd.) was a joint venture between Samsung Techwin and the France-based aerospace and defence company Thales. It was established in 1978 and is based in Seoul.[100] Samsung's involvement was passed on to Hanwha Group as part of the Techwin transaction.[99]
Samsung General Chemicals was sold to Hanwha. Another chemical division was sold to Lotte Corporation in 2016.[101][102]
Samsung Total was a 50/50 joint venture between Samsung and the France-based oil group Total S.A. (more specifically, Samsung General Chemicals and Total Petrochemicals). Samsung's stake was inherited by Hanwha Group in its acquisition of Samsung General Chemicals.[99]
In 1998, Samsung created a U.S. joint venture with Compaq, called Alpha Processor Inc. (API), to help it enter the high-end processor market. The venture was also aimed at expanding Samsung's non-memory chip business by fabricating Alpha processors. At the time, Samsung and Compaq invested $500 million in Alpha Processor.[103]
GE Samsung Lighting was a joint venture between Samsung and the GE Lighting subsidiary of General Electric. The venture was established in 1998 and was broken up in 2009.[104]
Global Steel Exchange was a joint venture formed in 2000 between Samsung, the U.S.-based Cargill, the Switzerland-based Duferco Group, and the Luxembourg-based Tradearbed (now part of the ArcelorMittal), to handle their online buying and selling of steel.[105]
Samtron was a subsidiary of Samsung until 1999 when it became independent. After that, it continued to make computer monitors and plasma displays until 2003, Samtron became Samsung when Samtron was a brand. In 2003 the website redirected to Samsung.[citation needed]
S-LCD Corporation was a joint venture between Samsung Electronics (50% plus one share) and the Japan-based Sony Corporation (50% minus one share) which was established in April 2004. On 26 December 2011, Samsung Electronics announced that it would acquire all of Sony's shares in the venture.
Joint ventures
Samsung Fine Chemicals is listed on the Korea Exchange stock-exchange (number 004000).
Samsung Machine Tools of America is a national distributor of machines in the United States. Samsung GM Machine Tools is the head office of China, It is an SMEC Legal incorporated company.[106]
Samsung Securities is listed on the Korea Exchange stock-exchange (number 016360).[107]
S-1 was founded as Korea's first specialized security business in 1997 and has maintained its position at the top of industry with the consistent willingness to take on challenges. S1 Corporation is listed on the Korea Exchange stock-exchange (number 012750.KS).[108][109]
State-run Korea Agro-Fisheries Trade Corp. set up the venture, aT Grain Co., in Chicago, with three other South Korean companies, Korea Agro-Fisheries owns 55 percent of aT Grain, while Samsung C&T Corp, Hanjin Transportation Co. and STX Corporation each hold 15 percent.[110]
Brooks Automation Asia Co., Ltd. is a joint venture between Brooks Automation (70%) and Samsung (30%) which was established in 1999. The venture locally manufactures and configure vacuum wafer handling platforms and 300mm Front-Opening Unified Pod (FOUP) load port modules, and designs, manufactures and configures atmospheric loading systems for flat panel displays.[111]
Company POSS – SLPC s.r.o. was founded in 2007 as a subsidiary of Samsung C & T Corporation, Samsung C & T Deutschland and the company POSCO.[112]
Samsung BP Chemicals, based in Ulsan, is a 49:51 joint venture between Samsung and the UK-based BP, which was established in 1989 to produce and supply high-value-added chemical products. Its products are used in rechargeable batteries and liquid crystal displays.[113][114][115]
Samsung Corning Precision Glass is a joint venture between Samsung and Corning, which was established in 1973 to manufacture and market cathode ray tube glass for black and white televisions. The company's first LCD glass substrate manufacturing facility opened in Gumi, South Korea, in 1996.
Samsung Sumitomo LED Materials is a Korea-based joint venture between Samsung LED Co., Ltd., an LED maker based in Suwon, Korea-based and the Japan-based Sumitomo Chemical. The JV will carry out research and development, manufacturing and sales of sapphire substrates for LEDs.[116]
SD Flex Co., Ltd. was founded in October 2004 as a joint venture corporation by Samsung and DuPont, one of the world's largest chemical companies.[117]
Sermatech Korea owns 51% of its stock, while Samsung owns the remaining 49%. The U.S. firm Sermatech International, for a business specializing in aircraft construction processes such as special welding and brazing.[118]
Siltronic Samsung Wafer Pte. Ltd, the joint venture by Samsung and wholly owned Wacker Chemie subsidiary Siltronic, was officially opened in Singapore in June 2008.[119]
SMP Ltd. is a joint venture between Samsung Fine Chemicals and MEMC. In 2011, MEMC Electronic Materials Inc. and an affiliate of Korean conglomerate Samsung formed a joint venture to build a polysilicon plant.[120]
Stemco is a joint venture established between Samsung Electro-Mechanics and Toray Industries in 1995.[121]
SB LiMotive is a 50:50 joint company of Robert Bosch GmbH (commonly known as Bosch) and Samsung SDI founded in June 2008. The joint venture develops and manufactures lithium-ion batteries for use in hybrid-, plug-in hybrid vehicles and electric vehicles.
Partially owned companies
Samsung Heavy Industries owns 10% of the Brazilian shipbuilder Atlântico Sul, whose Atlântico Sul Shipyard is the largest shipyard in South America. The Joao Candido, Brazil's largest ship, was built by Atlântico Sul with technology licensed by Samsung Heavy Industries.[122] The companies have a technical assistance agreement through which industrial design, vessel engineering and other know-how is being transferred to Atlântico Sul.[123]
Samsung Life Insurance currently holds a 7.4% stake in the South Korean banking company DGB Financial Group, making it the largest shareholder.[124] DGB Financial Group is a Korea-based company that specialises in banking. The company is divided into six segments of operation and each segment's primary source of funds come from general public deposits.[125]
Samsung[who?] acquired 7.4% of Gorilla Glass maker Corning, signing a long-term supply deal.[126] Corning is an American company that is experienced in glass chemistry, ceramics science, and optical physics, as well as its manufacturing and engineering, to create goods that support industries and improve living standards. Corning is committed to long-term research and development.
Samsung Heavy Industries currently holds a 14.1% stake in Doosan Engine, making it the second-largest shareholder.[127] Doosan Group is a South Korean company found in 1896 by Park Seung-jik. The company specializes in heavy industries and construction such as power plants and desalination plants.[128]
Samsung Techwin currently holds a 10% stake in Korea Aerospace Industries (KAI). Other major shareholders include the state-owned Korea Finance Corporation (26.75%), Hyundai Motor (10%) and Doosan (10%).[129] Korea Aerospace Industries is a South Korean defense and aerospace company found in 1999. Korea Aerospace Industries specializes in developing aerospace products, satellites, and aircraft. On April 31, 2021, Korea Aerospace Industries announced that it was going to invest $880 million, 1 trillion won, over five consecutive years to expand the space business industry.[130]
MEMC's joint venture with Samsung Electronics Company, Ltd. In 1990, MEMC entered into a joint venture agreement to construct a silicon plant in Korea.[131] MEMC Korea Company is a Korean manufacturer and distributor of electronic components, ingots, silicon wafers, and other products.
Samsung[who?] buys 10% stake in rival phone maker Pantech.[132] Pantech is a South Korean company found in 1991. Pantech manufactures mobile phones and tablets. Pantech serves in many countries, including South Korea, United States, Japan, Europe, Vietnam, and China.
Samsung[who?] currently owns 4.19% of Rambus Incorporated.[133] Rambus Incorporated is an American technology company found in 1990. The company specializes in producing electronic components such as licenses chip interface technologies and architectures used in digital electronic products.
Samsung[who?] currently owns 19.9% of the automobile manufacturer Renault Samsung Motors. Renault Samsung Motors is a South Korean automotive company found in 1994. The company made car related transactions starting in 1998 and since have expanded into a range of cars and electric car models.
Samsung[who?] currently owns 9.6% of Seagate Technology, making it the second-largest shareholder. Under a shareholder agreement, Samsung has the right to nominate an executive to Seagate's board of directors.[134] Seagate Technology is an American company that works in the computer storage industry. Seagate Technology was found in 1979. The company is a major supplier of microcomputers and hard disks.
Samsung[who?] owns 3% of Sharp Corporation, a rival company to Samsung.[135] Sharp Corporation is a Japanese company found in 1912. The company specializes in designing and manufacturing electronic products, such as phones, microwave ovens, and air conditioners.
Samsung Engineering holds a 10% stake in Sungjin Geotec, an offshore oil drilling company that is a subsidiary of POSCO.[136] SungJin Geotec is a South Korean company found in 1989. The company specializes in manufacturing and developing offshore facilities, oil sand modules, petrochemical plant components, and desalination plants.[137]
Taylor Energy is an independent American oil company that drills in the Gulf of Mexico based in New Orleans, Louisiana.[138] Samsung Oil & Gas USA Corp., subsidiaries of Samsung[who?] , currently owns 20% of Taylor Energy. Taylor Energy is an American oil and gas company found in 1979. The company works mainly in the oil drilling industry and drills in the Gulf of Mexico.
Acquisitions and attempted acquisitions
Samsung[who?] has made the following acquisitions and attempted acquisitions:
Samsung Techwin acquired the German camera manufacturer Rollei in 1995. Samsung (Rollei) used its optic expertise on the crystals of a new line of 100% Swiss-made watches. But on 11 March 1995, the Cologne District court prohibited the advertising and sale of Rollei watches on German territory.[139][140] In 1999, Rollei management bought out the company.[141]
Samsung[who?] lost a chance to revive its failed bid to take over Dutch aircraft maker Fokker when other airplane makers rejected its offer to form a consortium. The three proposed partners—Hyundai, Hanjin and Daewoo—notified the South Korean government that they would not join Samsung Aerospace Industries.[142]
Samsung[who?] bought a 40% stake in AST Research in 1995, in a failed attempt to break into the North American computer market. Samsung was forced to close the California-based computer maker following mass resignations of research staff and a string of losses.[143][144]
In 1995, Samsung's textile department[who?] invested in FUBU, an American hip hop apparel company, after the founder placed an advertisement asking for funding in The New York Times newspaper.[145][146]
Samsung Securities Co., Ltd. and City of London-based N M Rothschild & Sons (more commonly known simply as Rothschild) have agreed to form a strategic alliance in investment banking business. Two parties will jointly work on cross border mergers and acquisition deals.[147]
In December 2010, Samsung Electronics bought MEDISON Co., a South Korean medical-equipment company, the first step in a long-discussed plan to diversify from consumer electronics.[148] Grandis Inc. – memory developer in July 2011, Samsung announced that it had acquired spin-transfer torque random access memory (MRAM) vendor Grandis Inc.[149] Grandis will become a part of Samsung's R&D operations and will focus on the development of next-generation random-access memory.[150]
On 26 December 2011 the board of Samsung Electronics approved a plan to buy Sony's entire stake in their 2004 joint liquid crystal display (LCD) venture for 1.08 trillion won ($938.97 million).[151]
On 9 May 2012, mSpot announced that it had been acquired by Samsung Electronics with the intention of a cloud-based music service.[152] The succeeding service was Samsung Music Hub.
In December 2012, Samsung[who?] announced that it had acquired the privately held storage software vendor NVELO, Inc., based in Santa Clara, California.[153] NVELO will become part of Samsung's R&D operations, and will focus on software for intelligently managing and optimizing next-generation Samsung SSD storage subsystems for consumer and enterprise computing platforms.
In January 2013, Samsung[who?] announced that it has acquired medical imaging company NeuroLogica, part of the multinational conglomerate's plans to build a leading medical technology business. Terms of the deal were not disclosed.[154]
On 14 August 2014, Samsung[who?] acquired SmartThings, a fast-growing home automation startup. The company did not release the acquisition price, but TechCrunch reported a $200 million price tag when it first caught word of the deal in July 2014.[155]
On 19 August 2014, Samsung[who?] said it had acquired U.S. air conditioner distributor Quietside LLC as part of its push to strengthen its "smart home" business. A Samsung Electronics spokesman said the South Korean company acquired 100 percent of Quietside.[156]
3 November 2014, Samsung[who?] announced it had acquired Proximal Data, Inc., a San Diego, California-based pioneer of server-side caching software with I/O intelligence that work within virtualized systems.[157]
On 18 February 2015, Samsung[who?] acquired U.S.-based mobile payments firm LoopPay – This allows Samsung in smartphone transactions.[158]
On 5 March 2015, Samsung[who?] acquired small U.S.-based manufacturer of light-emitting diode displays, YESCO Electronics, which focuses on making digital billboards and message signs.[159]
On 5 October 2016, Samsung[who?] announced it had acquired Viv, a company working on artificial intelligence.[160]
On 15 November 2016, Samsung Canada announced it has acquired Rich Communications Services, a company working on a new technology for text messaging.[161]
Major clients
Major clients of Samsung include:
- Royal Dutch Shell
- Samsung Heavy Industries will be the sole provider of liquefied natural gas (LNG) storage facilities worth up to US$50 billion to Royal Dutch Shell for the next 15 years.[163][164]
- Shell unveiled plans to build the world's first floating liquefied natural gas (FLNG) platform. In October 2012[165] at Samsung Heavy Industries' shipyard on Geoje Island in South Korea work started on a "ship" that, when finished and fully loaded, will weigh 600,000 tonnes, the world's biggest "ship". That is six times larger than the largest U.S. aircraft carrier.[166]
United Arab Emirates government
- A consortium of South Korean firms, including Samsung, Korea Electric Power Corporation and Hyundai, won a deal worth $40 billion to build nuclear power plants in the United Arab Emirates.[167]
Ontario government
- The government of the Canadian province of Ontario signed off one of the world's largest renewable energy projects, signing a deal worth $6.6 billion for an additional 2,500 MW of new wind and solar energy. Under the agreement, a consortium led by Samsung and the Korea Electric Power Corporation will manage the development of 2,000 MW-worth of new wind farms and 500 MW of solar capacity, while also building a manufacturing supply chain in the province.[168]
Corporate image
The basic color in the logo is blue, which Samsung has employed for years, supposedly symbolizing stability, reliability and corporate social responsibility.[169]
Audio logo
Samsung has an audio logo, which consists of the notes E♭, A♭, D♭, E♭; after the initial E♭ tone it is up a perfect fourth to A♭, down a perfect fifth to D♭, then up a major second to return to the initial E♭ tone. The audio logo was produced by Musikvergnuegen and written by Walter Werzowa.[170][171] This audio logo is discontinued as of 2015.
In 2014, Samsung unveiled its Samsung Sharp Sans font.[172]
In July 2016, Samsung unveiled its SamsungOne font, a typeface that hopes to give a consistent and universal visual identity to the wide range of Samsung products. SamsungOne was designed to be used across Samsung's diverse device portfolio, with a focus on legibility for everything from smaller devices like smartphones to larger connected TVs or refrigerators, as well as Samsung marketing and advertisements. The font family supports 400 different languages through over 25,000 characters.[173]
Samsung Electronics spent an estimated $14 billion (U.S.) on advertising and marketing in 2013. At 5.4% of annual revenue, this is a larger proportion than any of the world's top-20 companies by sales (Apple spent 0.6% and General Motors spent 3.5%). Samsung became the world's biggest advertiser in 2012, spending $4.3 billion, compared to Apple's $1 billion. Samsung's global brand value of $39.6 billion is less than half that of Apple.[174]
Labor abuses
Samsung was the subject of several complaints about child labor in its supply chain from 2012 to 2015.
In July 2014, Samsung cut its contract with Shinyang Electronics after it received a complaint about the company violating child labor laws.[175] Samsung says that its investigation turned up evidence of Shinyang using underage workers and that it severed relations immediately per its "zero tolerance" policy for child labor violations.
One of Samsung's Chinese supplier factories, HEG, was criticized for using underage workers by China Labor Watch (CLW) in July 2014. HEG denied the charges and has sued China Labor Watch.[176][177] CLW issued a statement in August 2014 claiming that HEG employed over ten children under the age of 16 at a factory in Huizhou, Guangdong. The group said the youngest child identified was 14 years old. Samsung said that it conducted an onsite investigation of the production line that included one-on-one interviews but found no evidence of child labor being used. CLW responded that HEG had already dismissed the workers described in its statement before Samsung's investigators arrived.[175]
CLW also claimed that HEG violated overtime rules for adult workers. CLW said a female college student was only paid her standard wage despite working four hours of overtime per day even though Chinese law requires overtime pay at 1.5 to 2.0 times standard wages.[175]
Union busting activity
Samsung has a no-union policy and has been engaged in union-busting activities around the world.[178][179] Samsung has also been sued by union for stealing the corpse of dead worker.[180] On 6 May 2020, Samsung vice chairman Lee Jae-yong apologized for the union-busting scandals.[181]
2007 Slush Fund scandal
Kim Yong-chul, the former head of the legal department at Samsung's Restructuring Office, and Catholic Priests Association for Justice uncovered Lee Kun-hee's slush fund on 29 October 2007. He presented a list of 30 artworks that the family of Samsung Group Chairman Lee Kun-hee purchased with some of the slush funds, which were to be found in Samsung's warehouse in south of Seoul, along with documents about bribes to prosecutors, judges and lawmakers, tax collectors with thousands of borrowed-named bank account.[182][183]
The court sentenced Lee Kun-hee to 3 years imprisonment, 5 years probation imprisonment, and fined him 11 billion won. But on 29 December 2009, the South Korean president Lee Myung-bak specially pardoned Lee, stating that the intent of the pardon was to allow Lee to remain on the International Olympic Committee. It is the only independent amnesty to have occurred in South Korean history.[184]
Kim Yong-chul published a book 'Thinking about Samsung' in 2010. He wrote detailed accounts of Samsung's behavior and how the company lobbied governmental authorities including the court officials, prosecutors and national tax service officials for transferring Samsung's management rights to Lee Jae-yong.[185]
Lee Kun-hee's prostitution scandal
In July 2016, the investigative journal KCIJ-Newstapa released a video of Samsung chairman Lee Kun-hee's prostitution and alleged years long employment of female sex workers.[186] On 12 April 2018, Supreme Court of South Korea sentenced the former general manager of CJ CheilJedang, who filmed the prostitution video, to four years and six months in prison for blackmail and intimidation.[187]
Supporting far-right groups
The investigative team of Special Prosecutors of 2016 South Korean political scandal has learned that the Blue House received money from South Korea's four largest chaebols (Samsung, Hyundai Motor Group, SK Group and LG Group) to fund pro-government demonstrations by conservative and far-right organizations such as the Korean Parent Federation (KPF) and the Moms Brigade[188]
Price fixing
On 19 October 2011, Samsung companies were fined €145,727,000 for being part of a price cartel of ten companies for DRAMs which lasted from 1 July 1998 to 15 June 2002. The companies received, like most of the other members of the cartel, a 10% reduction for acknowledging the facts to investigators. Samsung had to pay 90% of their share of the settlement, but Micron avoided payment as a result of having initially revealed the case to investigators.[189]
In Canada, during 1999, some DRAM microchip manufacturers conspired to price fix, among the accused included Samsung. The price fix was investigated in 2002. A recession started to occur that year, and the price fix ended; however, in 2014, the Canadian government reopened the case and investigated silently. Sufficient evidence was found and presented to Samsung and two other manufacturers during a class action lawsuit hearing. The companies agreed upon a $120 million agreement, with $40 million as a fine, and $80 million to be paid back to Canadians who purchased a computer, printer, MP3 player, gaming console or camera from April 1999 to June 2002.[190]
- ^ a b c "삼성계열사 전자 – 삼성그룹 홈페이지". Archived from the original on 20 September 2016.
- ^ "Home and Kitchen Appliance showcase". Samsung. Archived from the original on 9 March 2017.
- ^ "SAMSUNG ELECTRONICS Co., Ltd. 2020 Half-year Business Report" (PDF). Retrieved 8 September 2020.
- ^ "The 2020 World's Most Valuable Brands". Forbes. 18 October 2020. Archived from the original on 18 October 2020.
- ^ "Samsung topples Intel to become the world's largest chipmaker – TechCrunch". techcrunch.com. Archived from the original on 25 May 2018. Retrieved 25 May 2018.
- ^ Mu-Hyun, Cho. "Samsung's logic chip biz turns to AI chips and 5G for change of fortune | ZDNet". ZDNet. Archived from the original on 3 July 2018. Retrieved 25 May 2018.
- ^ Park, Kyunghee (28 July 2009). "July 29 (Bloomberg) – Samsung Heavy Shares Gain on Shell's Platform Orders (Update1)". Bloomberg. Archived from the original on 24 September 2011. Retrieved 11 November 2010.
- ^ "The Top 225 International Contractors 2013". Enr.construction.com. Archived from the original on 21 July 2013. Retrieved 25 August 2013.
- ^ "Global 500 2009: Industry: - FORTUNE on CNNMoney.com". Money.cnn.com. 20 July 2009. Archived from the original on 31 August 2010. Retrieved 4 September 2010.
- ^ Valhouli, Christina (21 March 2002). "The World's Best Amusement Parks". Forbes.com. Archived from the original on 22 August 2010. Retrieved 11 September 2010.
- ^ "Cheil Worldwide Inc (030000:Korea SE)". businessweek.com. Archived from the original on 5 October 2012. Retrieved 16 September 2010.
- ^ "Cheil Worldwide (030000 KS)" (PDF). kdbdw.com. 26 April 2010. Archived (PDF) from the original on 4 October 2013. Retrieved 8 May 2013.
- ^ "한국 10대 그룹 이름과 로고의 의미". koreadaily.com. 10 July 2006. Archived from the original on 29 April 2011. Retrieved 19 September 2010.
- ^ "[Infographic] 20 Things You Didn't Know about Samsung". Samsung Newsroom. 22 May 2013.
- ^ H., Victor. "The hidden meaning behind the names of tech giants: what does Samsung mean?". Phone Arena.
- ^ a b "History – Corporate Profile – About Samsung – Samsung". Samsung Group. Samsung Group. Archived from the original on 15 April 2011. Retrieved 21 October 2015.
- ^ "Industrial giant's roots tied to nylon products". Joongangdaily.joins.com. 9 November 2009. Archived from the original on 20 January 2011. Retrieved 5 February 2011.
- ^ "효성 40년史..오너 일가 뒷얘기 '눈길'". chosun.com. 19 June 2007. Archived from the original on 1 May 2011. Retrieved 5 February 2011.
- ^ "SPC-1000". old-computers.com. Archived from the original on 3 April 2012. Retrieved 19 March 2012.
- ^ "Latest Tech News Today". TodayTechnology.
- ^ "Samsung to celebrate 100th anniversary of late founder". The Korea Herald. 29 March 2010. Archived from the original on 29 April 2011. Retrieved 21 January 2011.
- ^ a b Hansol, Shinsegae Deny Relations with Saehan Archived 13 May 2011 at the Wayback Machine 24 May 2000. Joongangdaily
- ^ "Samsung invests $4B in Austin to boost chip output", Austin Business Journal, 21 August 2012, archived from the original on 5 October 2012, retrieved 22 August 2012
- ^ "Samsung Austin Semiconductor Begins $3.6B Expansion for Advanced Logic Chips" (PDF). Austinchamber.com. 9 June 2010. Retrieved 13 September 2010.[dead link]
- ^ Hayes, Thomas .C (22 September 1987). "Samsung Sold Chips Illegally". The New York Times. Retrieved 25 May 2020.
- ^ "Dubai skyscraper symbol of S. Korea's global heights". CNN. 19 October 2009. Archived from the original on 20 October 2009. Retrieved 19 October 2009.
- ^ Cho, Kevin (24 April 2009). "Samsung Says Hopes of Recovery Are 'Premature' as Profit Falls". Bloomberg. Archived from the original on 26 August 2012. Retrieved 4 September 2010.
- ^ "Samsung buys Sony's entire stake in LCD joint venture". bbc.co.uk. 26 December 2011. Archived from the original on 15 August 2018. Retrieved 21 June 2018.
- ^ "Samsung Techwin to spin off-camera business". reuters.com. 6 November 2008. Archived from the original on 28 July 2011. Retrieved 5 April 2011.
- ^ "Samsung Solstice A887 Review". Phone Arena.
- ^ Choe Sang-Hun (6 November 2007). "Corruption scandal snowballs at South Korea's Samsung Group". The New York Times. Archived from the original on 1 July 2017. Retrieved 23 September 2013.
- ^ Business Wire (6 December 2011), Biogen Idec, Inc. (Massachusetts) (BIIB) Teams With Samsung Corporation on $300 Million Biosimilar Venture, BioSpace, biospace.com, archived from the original (press release) on 23 August 2012, retrieved 3 January 2012
- ^ Yang, Jun (7 December 2011), "Samsung, Biogen Idec Agree to Set Up $300 Million Venture", Bloomberg Businessweek, New York City: Bloomberg L.P., businessweek.com, archived from the original on 16 January 2013, retrieved 3 January 2012
- ^ "Samsung overtakes Nokia in mobile phone shipments". BBC News. 27 April 2012. Archived from the original on 14 August 2012. Retrieved 6 August 2012.
- ^ "Samsung overtakes Nokia for Cellphone Lead". Archived from the original on 28 April 2012. Retrieved 29 April 2012.
- ^ Vascellaro, Jessica E.. (25 August 2012) The Wall Street Journal Archived 10 February 2013 at the Wayback Machine. Online.wsj.com. Retrieved 19 March 2013.
- ^ "Samsung bites back after Apple victory" Archived 30 August 2012 at the Wayback Machine. Al Jazeera English. 26 August 2012. Retrieved 19 March 2013.
- ^ "South Korean court rules Samsung didn't copy Apple's iPhone design, but both infringed patents – The Washington Post". Archived from the original on 26 August 2012.
- ^ Samsung Shares Fall After Apple Wins $1 Billion Verdict Archived 22 October 2014 at the Wayback Machine. Bloomberg. Retrieved 19 March 2013.
- ^ "Apple Seeks Ban on Sales of Eight Samsung Phones in U.S." Archived 22 October 2014 at the Wayback Machine Bloomberg. 27 August 2012. Retrieved 19 March 2013.
- ^ "Apple Denied Motion for Permanent Injunction" Archived 3 February 2016 at the Wayback Machine. Scribd.com. Retrieved 19 March 2013.
- ^ AFP (15 April 2013). "Taiwan probes Samsung 'dirty tricks' vs HTC'". Google News. Archived from the original on 28 July 2013. Retrieved 27 September 2013.
- ^ CNA (9 April 2013). "Samsung postpones Galaxy 4S debut in Taiwan". Want China Times. Archived from the original on 27 September 2013. Retrieved 27 September 2013.
- ^ Tood Bishop, GeekWire. "New stats: Samsung surges past IBM to lead U.S. patent race for 2015 Archived 22 December 2015 at the Wayback Machine." 15 December 2015. 15 December 2015.
- ^ "A Brief History of Samsung's Troubled Galaxy Note 7". Time. Retrieved 9 June 2021.
- ^ Hern, Alex (11 October 2016). "Samsung Galaxy Note 7 production permanently ended following battery explosions". The Guardian. Archived from the original on 23 February 2019. Retrieved 9 August 2018.
- ^ "Samsung Will Ask All Global Partners to Stop Sales and Exchanges of Galaxy Note7 While Further Investigation Takes Place". news.samsung.com. Archived from the original on 9 August 2018. Retrieved 9 August 2018.
- ^ "Samsung scraps Galaxy Note 7 production". BBC News. 11 October 2016. Archived from the original on 2 October 2018. Retrieved 9 August 2018.
- ^ "Samsung Inaugurates World's Largest Mobile Factory in India; Honourable Prime Minister Shri Narendra Modi Flags-off 'Make for the World'". news.samsung.com.
- ^ "Samsung and its attractions – Asia's new model company". The Economist. 1 October 2011. Archived from the original on 4 January 2012. Retrieved 11 January 2012.
- ^ "South Korea's economy – What do you do when you reach the top?". The Economist. 12 November 2011. Archived from the original on 10 January 2012. Retrieved 11 January 2012.
- ^ Hutson, Graham; Richards, Jonathan (17 April 2008). "Samsung chairman charged with tax evasion – Times Online". The Times. London. Archived from the original on 3 May 2011. Retrieved 28 February 2011.
- ^ Shell, Glencore, and Other Multinationals Dominate Their Home Economies Archived 11 April 2013 at the Wayback Machine 4 April 2013 BusinessWeek
- ^ Chico Harlan (9 December 2012). "In South Korea, the Republic of Samsung". The Washington Post. Archived from the original on 21 September 2013. Retrieved 23 September 2013.
- ^ a b Miyoung Kim (17 January 2012). "Samsung Group plans record $41 billion investment in 2012". Reuters. Archived from the original on 25 May 2013. Retrieved 18 July 2013.
- ^ Kim Kyung-rok (11 April 2011). "Chaebol asset holdings swell under Lee administration". hani.co.kr. Archived from the original on 3 August 2012. Retrieved 18 September 2011.
- ^ "삼성 8년전 타임캡슐 열어보니...지난해 매출 정확히 맞춰". news.naver.com. 13 January 2011. Archived from the original on 13 December 2013. Retrieved 22 August 2011.
- ^ "한국경제 大计 기업이 이끈다 지난해 주요그룹 매출 보니". Hankook Ilbo. 30 July 2010. Archived from the original on 28 April 2011. Retrieved 4 September 2010.
- ^ Barkham, Patrick (9 August 2012). "Samsung: Olympic smartphone firm aims for big global wins". The Guardian. London. Archived from the original on 19 November 2015. Retrieved 27 August 2012.
- ^ "Profile: Samsung Electronics Co Ltd". Reuters. Archived from the original on 22 October 2012. Retrieved 27 August 2012.
- ^ "Samsung overtakes Nokia in mobile phone shipments". BBC News. 27 April 2012. Archived from the original on 14 August 2012. Retrieved 27 August 2012.
- ^ "Preliminary Worldwide Ranking of the Top 20 Suppliers of Semiconductors in 2011". IHS Isuppli. Archived from the original on 27 June 2012. Retrieved 27 August 2012.
- ^ "Completion Ceremony for EDS Production". toray.com. Archived from the original on 30 November 2012. Retrieved 28 March 2012.
- ^ Yang, Jun (25 February 2011). "Samsung Group, Quintiles Plan $266 Million Venture to Make Biologic Drugs". Bloomberg News. Archived from the original on 22 October 2014. Retrieved 13 January 2018.
- ^ "Biogen Idec (NASDAQ:BIIB) and Samsung JV". livetradingnews.com. Archived from the original on 15 June 2012.
- ^ Sturman, Catherine (17 May 2020). "Biogen pays $700mn to gain 49.9% share in Samsung Bioepis". Healthcareglobal.com. Healthcare. Retrieved 2 June 2021.
- ^ "Biogen Idec and Samsung Bioepis Ink Biosimilar Deal". Gen. Eng. Biotechnol. News. 34 (2). 15 January 2014. p. 14.
- ^ "Samsung Engineering Co Ltd (028050.KS)". REUTERS. Archived from the original on 20 June 2017. Retrieved 22 February 2017.
- ^ "2011 Financial Statements" (PDF). Samsung Engineering. Archived from the original (PDF) on 5 June 2013. Retrieved 27 August 2012.
- ^ "Profile: Samsung Fire & Marine Insurance Co Ltd". Reuters. Archived from the original on 10 February 2013. Retrieved 18 October 2012.
- ^ "Corporate Profile". Samsung Fire & Marine Insurance. Archived from the original on 5 February 2016. Retrieved 18 October 2012.
- ^ a b "Annual Report 2010". Samsung Fire & Marine Insurance. Archived from the original on 1 February 2013. Retrieved 18 October 2012.
- ^ "Company Profile for Samsung Heavy Industries Co Ltd". Bloomberg. Archived from the original on 19 August 2013. Retrieved 27 August 2012.
- ^ "Separate Statements of Income Years Ended December 31, 2011 and 2010" (PDF). Samsung Heavy Industries. Archived (PDF) from the original on 13 December 2013. Retrieved 27 August 2012.
- ^ "From bad to worse". The Korea Times. 19 August 2012. Archived from the original on 30 October 2012. Retrieved 27 August 2012.
- ^ a b c "2011 Annual Report" (PDF). Samsung Life Insurance. Archived from the original (PDF) on 4 October 2012. Retrieved 28 August 2012.
- ^ "Company Profile for Samsung Life Insurance Co Ltd". Bloomberg. Archived from the original on 3 June 2012. Retrieved 28 August 2012.
- ^ Hu Yuanyuan (7 July 2005). "Insurance joint venture off to flying start". 英语频道-搜狐网站. Beijing Sohu New Media Information Technology Co. Ltd. Archived from the original on 5 October 2012. Retrieved 19 March 2012.
- ^ "Siam Samsung Life ready to reawaken". Bangkok Post. Retrieved 19 March 2012.
- ^ "Philips, LG Electronics, 4 others fined 1.47 billion Euros for EU cartel". The Economic Times. 5 December 2012. Archived from the original on 20 April 2013. Retrieved 5 December 2012.
- ^ "Samsung SDI to acquire Magna International's battery pack business". www.samsungsdi.com (in Korean). Archived from the original on 13 February 2017. Retrieved 20 September 2018.
- ^ "Samsung SDI Unveils E-bike Battery Capable of 100km on Single Charge". Be Korea-savvy. 26 August 2015. Archived from the original on 26 December 2015. Retrieved 31 August 2016.
- ^ "Samsung SDI to Build Electric Vehicle Battery Plant for European Market". TheStreet. 30 August 2016. Archived from the original on 31 August 2016. Retrieved 30 August 2016.
- ^ "Jousting with flat panels, Samsung SDI taps super-slim CRT | EE Times".
- ^ "Samsung Hungary to Halt CRT Production". world.kbs.co.kr.
- ^ "Samsung SDI halts CRT production in Malaysia plant – Pulse by Maeil Business News Korea". pulsenews.co.kr.
- ^ "20T202DA2JA (Rev 2.0)" (PDF). Samsung SDI. Retrieved 5 August 2021.
- ^ Jamasmie, Cecilia (3 May 2019). "Tesla warns of coming battery minerals shortage". Glacier Media Group. mining.com.
- ^ "Samsung Electro-Mechanics Co – Profile". Bloomberg Businessweek. Archived from the original on 5 September 2011. Retrieved 26 August 2012.
- ^ "History of Progress". Samsung Advanced Institute of Technology.
- ^ "Samsung's Cheil Industries submits plans for roughly $1.4 billion IPO" (Press release). Reuters. 14 October 2014. Archived from the original on 24 September 2015. Retrieved 1 July 2017.
- ^ "Overview | About The Shilla | The Shilla Hotels & Resorts". www.shillahotels.com. Retrieved 15 February 2021.
- ^ Roberts, Rob (26 October 2009). "AECOM Technology buys Ellerbe Becket". kansascity.bizjournals.com. Archived from the original on 29 October 2009. Retrieved 19 September 2010.
- ^ "Overview - About SMC - Samsung Medical Center". 삼성서울병원. Retrieved 15 February 2021.
- ^ "기업의 사회공헌 삼성그룹, 함께 가는 '창조 경영'... 봉사도 1등". dt.co.kr. Archived from the original on 30 April 2011. Retrieved 19 September 2010.
- ^ Writer, GEN Staff (14 July 2010). "Pfizer to Study Liver Cancer in Korean Patients with Samsung Medical Center". GEN - Genetic Engineering and Biotechnology News. Retrieved 15 June 2021.
- ^ "Pfizer And SMC Collaborate On Liver Cancer | pfpfizeruscom".
- ^ "Samsung refocuses on its core business as it sells security arm Samsung Techwin to Hanwha Group". Archived from the original on 24 September 2015. Retrieved 6 September 2015.
- ^ a b c "(LEAD) Hanwha wraps up takeover of four Samsung arms". 28 June 2015. Archived from the original on 3 July 2015. Retrieved 6 September 2015.
- ^ "Company Overview of Samsung Thales Co., Ltd". bloomberg.com. Archived from the original on 6 March 2016. Retrieved 21 October 2015.
- ^ "Lotte Chemical Completes Takeover of Samsung Group's Chemical Businesses". 비즈니스코리아 – BusinessKorea. 2 May 2016.
- ^ "Samsung Group sells chemical assets to Lotte Group for $2.6 billion". Reuters. 30 October 2015 – via reuters.com.
- ^ "Alpha's demise thwarts Samsung's processor dreams, analysts say". eetimes.com. Archived from the original on 13 July 2012. Retrieved 2 April 2012.
- ^ "LED EXPO&OLED EXPO 2011 An Interview with GE Lighting". us.GFSSGYG aving.net. Archived from the original on 15 June 2013. Retrieved 2 April 2012.
- ^ "Steel firms in B2B venture". money.cnn.com. 10 May 2000. Archived from the original on 5 October 2012. Retrieved 2 April 2012.
- ^ "Competing with Apple, Samsung is Going to Release the Next Galaxy Note in Early September". 18 August 2014. Archived from the original on 26 August 2014.
- ^ "016360.KS - Samsung Securities Co Ltd Profile | Reuters". www.reuters.comundefined. Retrieved 15 February 2021.[dead link]
- ^ "012750.KS - S1 Corp Profile | Reuters". www.reuters.comundefined. Retrieved 15 February 2021.[dead link]
- ^ "History : S-1". www.s1.co.kr. Retrieved 15 February 2021.
- ^ "South Korea Starts Grain Venture in Chicago to Secure Supply". bloomberg.com. Archived from the original on 19 August 2013. Retrieved 19 March 2012.
- ^ "Brooks Automation and Samsung Electronics Announce a Joint Venture". Investors – Brooks Automation, Inc. Brooks Automation, Inc. Archived from the original on 5 February 2016. Retrieved 28 March 2012.
- ^ "POSCO and Subsidiaries" (PDF). London Stock Exchange. London Stock Exchange plc. 31 December 2008. Archived (PDF) from the original on 7 November 2012. Retrieved 6 June 2012.
- ^ "Samsung to sell chemicals and defence operations for $1.7bn". Kable. 26 November 2014. Archived from the original on 11 April 2015. Retrieved 6 March 2014.
- ^ "Samsung BP Chemicals". BP. Archived from the original on 3 April 2015. Retrieved 6 March 2015.
- ^ "Company Overview of Samsung BP Chemicals Co., Ltd". Bloomberg Business. Bloomberg. Archived from the original on 2 April 2015. Retrieved 6 March 2015.
- ^ "Samsung and Sumitomo Chemical to make sapphire substrates for LEDs". ledsmagazine.com. Archived from the original on 1 May 2012. Retrieved 19 March 2012.
- ^ "company/introduce". sdflex.com. Archived from the original on 22 September 2013. Retrieved 19 March 2012.
- ^ "Samsung Aerospace, Sermatech Launch Korean JV". english.chosun.com. Archived from the original on 11 May 2012. Retrieved 28 March 2012.
- ^ "Siltronic-Samsung Joint Venture". wacker.com. Archived from the original on 5 October 2012. Retrieved 19 March 2012.
- ^ [email protected] > 314-340-8320, JEFFREY TOMICH •. "MEMC, Samsung form Korean polysilicon venture". STLtoday.com. Retrieved 15 June 2021.
- ^ "Toray/Samsung JV boosts FPD circuit substrate capacity". electroiq.com. Archived from the original on 10 February 2013. Retrieved 28 March 2012.
- ^ "Shipyards in Brazil – Rev. D, June 2010" (PDF). INTSOK. Archived from the original (PDF) on 2 February 2014.
- ^ "Milestone launch at Brazil's Atlântico Sul". MarineLog. Archived from the original on 22 May 2012. Retrieved 6 March 2012.
- ^ "Company Analysis" (PDF). rdata.youfirst.co.kr. Archived from the original (PDF) on 11 April 2014. Retrieved 19 March 2012.
- ^ "139130.KS - DGB Financial Group Co Ltd Profile | Reuters". www.reuters.comundefined. Retrieved 14 May 2021.[dead link]
- ^ Reisinger, Don (23 October 2013). "Samsung eyes 7.4 percent stake in Gorilla Glass maker Corning". CNET News. CBS Interactive Inc. Retrieved 13 January 2018.
- ^ "Doosan Engine ends 33.2 pct higher on stock market debut". yonhapnews.co.kr. 3 January 2011. Archived from the original on 15 November 2012. Retrieved 19 March 2012.
- ^ Kim, Dong-One; Bae, Johngseok (5 July 2017). Employment Relations and HRM in South Korea. Routledge. ISBN 978-1-351-94042-9.
- ^ "Korea Aerospace sale could prove need for clearer M&A guidelines". privateequitykorea.com. Archived from the original on 30 May 2015. Retrieved 19 March 2012.
- ^ "Korea Aerospace Industries to invest $880 million to expand space business". SpaceNews. 13 April 2021. Retrieved 1 June 2021.
- ^ "MEMC Korea Company". memc.com. Archived from the original on 27 February 2012. Retrieved 19 March 2012.
- ^ "Samsung to buy 10 percent stake in rival Pantech". zdnet.com. Retrieved 23 October 2013.[dead link]
- ^ "Rambus, Inc. RMBS". morningstar.ca. Archived from the original on 10 August 2012. Retrieved 6 March 2012.
- ^ "Seagate to Buy Samsung's Hard-Disk Unit for $1.38 Billion, Build Alliance". Bloomberg Businessweek. Archived from the original on 14 February 2012. Retrieved 6 March 2012.
- ^ "Samsung buys stake in struggling Sharp". money.cnn.com. Archived from the original on 10 March 2013. Retrieved 23 October 2013.
- ^ "Posco Heavy Industries' may be in the works" (PDF). Korea JoongAng Daily. Retrieved 19 March 2012.[permanent dead link]
- ^ "POSCO Takes Over Plant Maker Sungjin Geotec - Pulse by Maeil Business News Korea". pulsenews.co.kr (in Korean). Retrieved 1 June 2021.
- ^ "Taylor Energy Sells Gulf of Mexico Assets to Two South Korean Companies". reuters.com. 1 February 2008. Archived from the original on 26 July 2012. Retrieved 19 March 2012.
- ^ "Voigtländer & Rollei non-camera items". 9 June 1997. Archived from the original on 21 August 2011. Retrieved 5 February 2011.
- ^ "Basel 96 Watches Take Back the Spotlight". jckonline.com. June 1996. Archived from the original on 5 February 2011. Retrieved 5 February 2011.
- ^ "Franke & Heidecke – Rollei TLRs". Archived from the original on 30 September 2015. Retrieved 12 September 2015.
- ^ "Samsung Loses Attempt to Acquire Fokker". Los Angeles Times. 1 January 1997. Archived from the original on 1 May 2011. Retrieved 5 February 2011.
- ^ "Samsung buys Dutch group in return to M&A". 9 June 1997. Archived from the original on 26 January 2011. Retrieved 5 February 2011.
- ^ "Samsung Buys 40% Stake in Troubled AST : Computers: Korean firm's injection of $450 million into money-losing Irvine PC maker gives it access to U.S. market". Los Angeles Times. 28 February 1995. Retrieved 9 June 2021.
- ^ "FUBU Shoes". shoeshowcase.net. Archived from the original on 24 December 2010. Retrieved 5 February 2011.
- ^ Feloni, Richard. "'Shark Tank' investor Daymond John landed a deal that helped him make $30 million by taking out a newspaper ad". Business Insider. Retrieved 9 June 2021.
- ^ "Samsung-Rothschild alliance". The Korea Times. 5 November 2008. Archived from the original on 29 April 2011. Retrieved 7 February 2011.
- ^ Ramstad, Evan (14 December 2010). "Samsung Electronics Buys Ultrasound-Monitor Maker Medison - WSJ.com". The Wall Street Journal. Archived from the original on 10 May 2013. Retrieved 11 February 2013.
- ^ Dylan McGrath, EE Times. "Samsung buys MRAM developer Grandis Archived 27 October 2012 at the Wayback Machine." 2 August 2011. Retrieved 2 August 2011.
- ^ Chris Preimesberger, eWeek. "Samsung Acquires New-Gen Memory Maker Grandis Archived 15 May 2016 at the Portuguese Web Archive." 2 August 2011. Retrieved 2 August 2011.
- ^ "Samsung to buy Sony half of LCD venture". 26 December 2011.
- ^ Samsung Electronics Acquires Mspot| Mspot. Mspotcorporate.com (9 May 2012). Retrieved 19 March 2013.
- ^ Samsung Electronics Acquires NVELO. Samsung.com (14 December 2012). Retrieved 19 March 2013. Archived 23 April 2015 at the Wayback Machine
- ^ Samsung Buys Medical Imaging Company NeuroLogica Archived 5 July 2017 at the Wayback Machine. TechCrunch (28 January 2013). Retrieved 19 March 2013.
- ^ Samsung Acquires SmartThings, A Fast-Growing Home Automation Startup Archived 30 December 2014 at the Wayback Machine. Forbes (14 August 2014). Retrieved 19 August 2014.
- ^ Samsung buys U.S. air conditioner firm Quietside in 'smart home' push Archived 6 April 2015 at the Wayback Machine. Foxbusiness (19 August 2014). Retrieved 19 August 2014.
- ^ "Samsung Electronics Acquires Proximal Data" (Press release). Samsung. 3 November 2014. Archived from the original on 5 February 2016.
- ^ Stein, Scott (19 February 2015). "Samsung's LoopPay: What it is, and why you should care". CNET News. CBS Interactive Inc. Archived from the original on 12 October 2017. Retrieved 13 January 2018.
- ^ By Min-Jeong Lee, The Wall Street Journal. "Samsung's Latest Acquisition: Utah-Based Yesco Electronics Archived 18 January 2017 at the Wayback Machine." 5 March 2015. 27 March 2015.
- ^ Panzarino, Matthew (5 October 2016). "Samsung acquires Viv, a next-gen AI assistant built by the creators of Apple's Siri". TechCrunch. Archived from the original on 10 October 2016. Retrieved 10 October 2016.
- ^ Tibken, Shara (15 November 2016). "Samsung's new acquisition will make your texts more interesting". CNET News. CBS Interactive Inc. Archived from the original on 17 November 2016. Retrieved 17 November 2016.
- ^ "The Russian offshore project "Sakhalin II" is relying on Arma-Chek R". armacell.com. Archived from the original on 1 May 2011. Retrieved 7 February 2011.
- ^ "Samsung Heavy Industries". forbes.com. 23 September 2009. Archived from the original on 31 May 2010. Retrieved 13 September 2010.
- ^ "Samsung Heavy Signs Deal with Shell to Build LNG Facilities". hellenicshippingnews.com. 31 July 2009. Retrieved 13 September 2010.[dead link]
- ^ "Major construction begins on the Prelude FLNG project". 18 October 2012. Archived from the original on 15 July 2014. Retrieved 15 July 2014.
- ^ "The gas platform that will be the world's biggest 'ship'". bbc.co.uk. 15 July 2011. Archived from the original on 30 December 2011. Retrieved 19 March 2012.
- ^ "Seoul wins 40-billion-dollar UAE nuclear power deal". france24.com. 28 December 2009. Archived from the original on 3 March 2011. Retrieved 29 September 2010.
- ^ "Korean Companies Anchor Ontario's Green Economy – January 21, 2010". premier.gov.on.ca. 21 January 2010. Archived from the original on 15 May 2011. Retrieved 13 September 2010.
- ^ "한국 10대 그룹 이름과 로고의 의미". The Korea Daily. JMnet USA. 7 June 2010. Archived from the original on 29 April 2011. Retrieved 13 January 2018.
- ^ "Speaker". Audio Branding Academy. Archived from the original on 3 March 2016. Retrieved 17 December 2015.
- ^ "Logo Video". Samsung-Youtube. Archived from the original on 19 December 2011. Retrieved 15 January 2011.
- ^ Sharp. Samsung Sharp Sans.
- ^ Chaim Gartenberg, The Verge. "Samsung developed its own font called SamsungOne". Archived 26 February 2017 at the Wayback Machine. 25 July 2016.
- ^ Kim, Miyoung (27 November 2013). "Samsung's marketing splurge doesn't always bring bang-for-buck". Reuters. Archived from the original on 1 October 2015. Retrieved 21 October 2015.
- ^ a b c Reisinger, Don (28 August 2014). "Samsung supplier factory found to use child labor, watchdog says". CNET. United States. Archived from the original on 28 February 2015. Retrieved 10 March 2015.
- ^ "Another Samsung supplier factory exploiting child labor". chinalaborwatch.org. Archived from the original on 21 January 2015. Retrieved 20 September 2018.
- ^ "Cover-up involving underage workers at Samsung supplier alleged by labor group". PCWorld. Archived from the original on 22 January 2015. Retrieved 20 September 2018.
- ^ "[Special report- Part V] Samsung has come under fire worldwide for its union-busting tactics". Hankyoreh. 26 June 2019. Archived from the original on 27 June 2019.
- ^ "Samsung VP gets jail term for attempting to break up labor union". 13 December 2019. Archived from the original on 15 December 2019.
- ^ "Samsung VP gets jail term for attempting to break up labor union". Yonhap News Agency. 13 December 2019. Archived from the original on 15 December 2019.
- ^ Sang-hun, Choe (6 May 2020). "Samsung Heir Apologizes for Corruption and Union-Busting Scandals". The New York Times. Archived from the original on 6 May 2020.
- ^ "Slush-fund artworks found in Samsung warehouse". Yonhap News Agency. 24 January 2008. Archived from the original on 28 April 2021.
- ^ Sang-hun, Choe (20 November 2007). "New Bribery Allegation Roils Samsung". The New York Times. Archived from the original on 11 June 2019.
- ^ So-eui, Rhee (29 December 2009). "South Korea to pardon former Samsung chairman". Reuters. Archived from the original on 28 April 2019.
- ^ "Samsung whistle-blower publishes revealing book about the company's corruption". Hankyoreh. 1 February 2010. Archived from the original on 3 June 2021.
- ^ Gyeong-rae, Kim; In-bo, Sim (21 July 2016). "Samsung Chairman Lee Kunhee Engaged in Suspected Prostitution". KCIJ-NewsTapa. Archived from the original on 3 June 2021.
- ^ "이건희 성매매 의혹 동영상' 찍은 일당 실형 확정" [Imprisonment confirmed for the person who filmed the video of Lee Kun-hee's prostitution suspicion]. Yonhap News Agency. 12 April 2018. Archived from the original on 3 June 2021.
- ^ Nam-il, Kim; Young-ji, Seo (31 January 2017). "Nearly $6 million flowed from chaebol to far right groups over three years". Hankyoreh. Archived from the original on 31 January 2017.
- ^ "Antitrust: Commission fines DRAM producers €331 million for price cartel; reaches first settlement in a cartel case". European Commission. European Commission. Archived from the original on 7 July 2010. Retrieved 22 April 2012.
- ^ "Canadian DRAM Class Action". themoneyismine.com. Archived from the original on 15 September 2015. Retrieved 31 August 2015.
External links
- Official website
- Samsung Group (in Korean)
- Samsung Group (in Chinese)
- Samsung
- 1938 establishments in Korea
- Companies based in Seoul
- Conglomerate companies established in 1938
- Conglomerate companies of South Korea
- Electronics companies established in 1938
- Electronics companies of South Korea
- Holding companies of South Korea
- Lens manufacturers
- Manufacturing companies of South Korea
- Mobile phone manufacturers
- Multinational companies headquartered in South Korea
- Retail companies established in 1938
- Retail companies of South Korea
- Technology companies established in 1938
- Technology companies of South Korea
- Capacitor manufacturers


text:
|Thread Tools
|Display Modes
Art Wench
Join Date: Nov 2004
Location: So. California
Posts: 5,809
Kickstarter 2012 Stats
Just came across the 2012 stats for Comics on Kickstarter and thought I'd post them here as I know there's many here who are considering a KS campaign of your own.
Projects launched 1,170
Successful projects 542
Money Pledged $9,242,233
Average books funded per month: 45 (no wonder people consider it like it's own publisher)
I didn't realize there's almost a 1 in 2 chance of success for a comics project on Kickstarter! That's pretty encouraging!
Writer/Artist: Eisner-Nominated ✮✮✮ The Legend of Wonder Woman ✮✮✮ (DC Comics)
& Artist: Random House
Creator-Owned Title PETER PAN
Project Manager of Womanthology
Other: Vertigo, Archie, IDW,
|Connect With Facebook to "Like" This Thread
Join Date: Feb 2012
Location: The Village
Posts: 79
Good info to know about Kickstarter! Interesting, too, because...of the ones I'm aware of (not necessarily donating to), less than half of them have been successful, or at least that's how it seemed to me. But overall, it looks like the projects actually do have pretty good odds in getting funded.
Thanks for posting, Renae.
"May the odds ever be in your favor...!"
Join Date: Feb 2013
Posts: 330
It's not bad odds.
But they are a little deceptive. More and more established creators are coming to Kickstarter to launch their creator owned stuff. They have a built in fan base to turn to for backers that the average indie creator doesn't have (like me).
Still, I'll take that percentage over a lower one.
Thanks, Renae.
Registered User
Join Date: Jan 2012
Posts: 264
I feel like there's a finite supply of cash going through kickstarter and it should be reserved for people and projects that couldn't realistically raise the money elsewhere.
Join Date: Feb 2013
Posts: 330
In late 2011, only 16% of all funders were "repeat backers" who had given to more than one project. -- "The Kickstarter Handbook: Real-Life Crowdfunding Success Stories" by Don Steinberg
Take a look at a project like the Veronica Mars movie. 63,000 backers. Do you think that project pulled $4 million worth of pledges away from other projects? Of course not. It was a built in fan base responding to a call for help. Those 63,000 people are in for that project, and then gone.
The same most likely holds true for the comic book projects. Gail Simone is not stealing potential pledges from Henchmen.
But, there is always the possibility that the people who come in for the BIG NAME, may stick around to windowshop at the other projects. They already signed up with the site and pledged some money, what's a few more bucks to another interesting project?
The real problem I have with Kickstarter and established professionals is that of course their projects are going to be more successful; so what happens is they take up the invaluable space at the top of the search page. How far down do you have to scroll (through some pretty famous people's projects) before they get to Joe Schmoe's project of passion?
I complained to Kickstarter about improving their Search features. I really hope something changes before my project goes Live.
shushubags alter ego
Join Date: Dec 2008
Posts: 359
Art Wench
Join Date: Nov 2004
Location: So. California
Posts: 5,809
The "famous people taking all the money" is something people have been arguing about for awhile. I haven't noticed a big drop in success for smaller campaigns yet, so I think it doesn't effect things too much to have "big name" people in there. BUT I do wish they would make it so these big campaigns had their own section maybe? As it was mentioned, it can make it harder for the smaller projects to be highlighted, which isn't fair.
Personally when I see numbers bigger than 100K I just feel worry for them. Unless they've hired a crew of employees to handle the backers, they can EASILY have huge angry mobs coming at them if anything at all goes wrong.
Writer/Artist: Eisner-Nominated ✮✮✮ The Legend of Wonder Woman ✮✮✮ (DC Comics)
& Artist: Random House
Creator-Owned Title PETER PAN
Project Manager of Womanthology
Other: Vertigo, Archie, IDW,
Registered User
Join Date: Jan 2012
Posts: 264
That won't happen because a handful of fully-funded $3000 comic books ended up tanking. But when a couple of big name producers or game designers disappear with 2-3 million dollars, I think people will get a lot more cautious and there will be a lot less money available.
And the thing is, with big movies and video games, it's going to happen. Even if it's not fraud, it's going to happen. Those are just endeavors that go massively over-budget regularly. Someone's going to burn through millions of kickstarter dollars, come back and raise millions more, burn through that, and then release a half-finished or broken product. And my fear is what will be the fate of kickstarter on that day, which is absolutely guaranteed to come.
Registered User
Join Date: Jun 2012
Location: Santa Maria (RS) - Brasil
Posts: 21
Daniel San
Decks, drums, tablets.
Join Date: Jul 2008
Posts: 1,444
Fraud is running utterly rampant on kickstarter now. Might have started well. but the conartists have noticed it.
It has no oversight, no accountability, no vetting process.
Its a free ride for scams, cons, and fraud.
Kickstarter is supposed to be funding to development new material.
If you are using it to publish previously created material. fraud.
If you are using it to fund your life. fraud.
Spaming. using false information. etc.
This is utter horse shit.
Asking 30k to print prepublished material. stretch goals that are complete fraud(and mind you, he CHANGED them, when they were even higher, and offered less rewards). where is the accountability for over funding?
This is blowing up right now. Rabbit hole on this keeps getting deeper and deeper. And really illustrates the problem. It is not viable for the average person to do this kind of investigation. Buyer beware is bullshit. Con artists know what they are doing. If Kickstarter doesn't do something to protect their "honor" soon, faith in it will plummet. as more and more highly dubious projects pass.
The codex and RPG both illustrate a severe problem. overfunding. What happens to that cash? And this is why its fraud.
But this kickstarter for previously created materials. you can set a goal thats low, this ensures it goes through. And with previously created contant. ZERO RISK. Its work you already have paid for in time, and possibly publication. Print and mailing fees is the only cost.
And zero commitment. You aren't actually creating anything.
Getting around "fund my life" projects are as simple as having any physical media at the end. kickstarter refuses to remove that rpg scam, becuase it promises an actaul game at the end. Well if that is so? why can't I kickstart sending my kid to bandcamp? and provide footage of the concert at the end? Seems kickstarter can't even figure out their own rules.
one of the defenses I hear for codek is "I'm giving artists money to support". uh. there is nothing in that kickstarter that says hes going to use your money to keep making more art. (especially funny when you look at his complete lack of production) that WOULD be accountability. If there was a caveat that those funds required him to to produce more work, then ok. but it doesn't. he can buy a boat, and a house. and quit working entirely with your money, since now he doesn't need to work anymore. this is quite literately the opposite of how its supposed to work. Its supposed to encourage NEW works. not pay windfalls to previously created works, so the people don't need to create new.
Its not a donation site. if people knew they are just donated to people flat out, they would not be investing in many of these projects.
And its not amazon.com. why are you selling published work on it?
As an artist I find it entirely offensive how this guy treats his fans. Asking for 700k to create 1 comic per week, for 1 year. (originally, this was 800k for 1 every other week.)
I'm sure there are many legit Kickstarters. But they are quickly becoming drowned out by the scams. Kickstarter really needs to deal with this fast. But don't seem to care.
I personally can not agree with supporting kickstarter itself in any way, as long as its policies are not changed. using it, providing funding via it. It is creating an incredibly unhealthy environment.
Leveraging fame and wealth to create successful kickstarters is a mixed bag.
on one hand, yes, its supposed to be more for those that can't get the funding through normal channels. But frankly, normal channels kindof suck. And even the "big" guys don't want to work with them. Can we really blame them for asking, why do we need Image?
Marvel, DC, Image, largely exist currently to get prime STOREFFRONT real estate. In a comic shop, getting an indie book purchased at all is difficult. and if it is purchased, its going to be displayed in some back ass shelf. not in the prime Marvel, DC areas. Getting into Image or Darkhorse is a giant step up in shelf space.
Digital age however, who cares? Shelf space is shared nearly equally. Still not a steam yet for indie love. but better then comic shops.
Connecting directly to the fans is fantastic.
I mean, even beyond that. Steam takes 20-30% from indie games. has project greenlight, workshop, and early access.
android/apple take 30% off the top of a comic sold on devices. Comixology THEN takes 50%. 35% of sale now split between publisher and creators. Really can't blame anyone for wanting to skip some of these middlemen and work directly with the fans. No matter how "rich" they are.
kickstarter takes 5% btw.
I can't say if other crowdfunding sites are more responsible. Most of the cons have been on kickstarter so far though. I think miss Wilson had an indiegogo one though?
here's monica rays indiegogo.
Mostly predone work again. some updates/original work for the book.
All around seems much more ethically done however.
I wonder what the funding variance is for comics, on creating new comics, vs print runs of existing comics.
Registered Obtuser
Join Date: Dec 2010
Posts: 431
Kickstarter is becoming more and more an avenue for scam proliferation? Color me shocked.
Registered User
Join Date: Jan 2012
Posts: 264
I always thought comixology and other similar apps sort of paid apple "rent" to keep their apps up and running. I didn't know apple took a cut of every sale. And I never dreamed their cut would be thirty-freaking-percent of every sale! Those are mafia rates!
Art Wench
Join Date: Nov 2004
Location: So. California
Posts: 5,809
I appreciate the opinions on Kickstarter, guys! I know it's not for everyone (and I already KNOW you hate it Amon ). Just to hopefully clear up a few misconceptions I see popping up from time to time:
1) Despite worries about scammers running amok (which I think is not as huge as it seems) there's still plenty of fantastic projects that get funded everyday on there. I feel like Kickstarter is new and scary and different, so people (esp. in the media) are ready to point and scream "WIIIITCH! Drown it! Drown it!" As soon as anything resembling their worries rears it's head. But you cannot deny that it's a POWERFUL option to get your book made, when you do not want to depend on a publisher (which takes a larger chunk of sales than the 8% combined rate Kickstarter and Amazon Payments take)
2) Overage Amount (I suffered from people not understanding this point) When a KS goes OVER it's amount, that overage does NOT go straight to pocket. If your amount goes over by 400%, your REWARD FULFILLMENT gets bigger by 400%. You have to pay to produce and ship 400% more rewards, which costs a LOT of money! Also a little known point, unless you've been there; but a huge increase in backers can fundamentally change how you planned on handling backers and fulfillment, which costs more money. Kickstarter is NEVER a free money for all. You have to work hard for it.
3) "Fund your life" is not allowed on Kickstarter in terms that you cannot campaign to get funding to fix your car. But hiring yourself for your creative work IS ALLOWED. That is no more "funding your life" than when a Publisher gives you a check for creative work. So calling those people frauds is undue.
4) Kickstarting finished work I can more understand having a grievance, because I believe Kickstarter was meant for projects that needed help to find completion. However even for finished projects KS offers 100% control and not having to answer to a Publisher (or give them a HUGE cut). On the flip side you have to instead answer to hundreds of people, who take little or no provocation before trying to tarnish your name. So don't think it's "easy" and "no risk". KS means putting yourself and your name out there in a risky way that can turn bad if you're not accountable (sometimes if you've done nothing wrong at all, lol!)
Thanks for the discussion, guys!
Writer/Artist: Eisner-Nominated ✮✮✮ The Legend of Wonder Woman ✮✮✮ (DC Comics)
& Artist: Random House
Creator-Owned Title PETER PAN
Project Manager of Womanthology
Other: Vertigo, Archie, IDW,
Join Date: Mar 2013
Posts: 14
I don't have much experience with Kickstarter, but it's kind of a buyer beware situation. That's the way I've always taken it, same with everything else I have bought on the internet (except from amazon).
Do your research, if you feel like it's a good investment then do it. But you're donating/investing money, there's always a chance the project is going to fail everyone should know this. These people aren't milking you out of money, you actively have to choose to give it away.
I think it's a great way for indie anyone to get funding, it looks like if you use it right (start off small and build fan bases, become reliable and consistent on deliveries) there is enough forms of feedback for that positivity to spread on the internet. I think it's a great tool that kinda "levels" the playing field so to speak.
But like I said, you have to be aware theres always a risk when dealing with individuals and not established companies.
Art Wench
Join Date: Nov 2004
Location: So. California
Posts: 5,809
I had horrible problems with International shipping. Not only were they WAY more expensive than I thought, but I've repeatedly send Int. Books only to have them repeatedly never arrive to the backer. Or snapped up by customs. Int. Shipping is no joke.
Writer/Artist: Eisner-Nominated ✮✮✮ The Legend of Wonder Woman ✮✮✮ (DC Comics)
& Artist: Random House
Creator-Owned Title PETER PAN
Project Manager of Womanthology
Other: Vertigo, Archie, IDW,
|advice, fund raising, help needed, kickstarter
|Thread Tools
|Display Modes
Linear Mode

subset: commoncrawl


text:
Precious metals have been relatively quiet this week. After posting its best weekly gain in two months, gold is trading slightly lower at about $1,650 per ounce. Meanwhile, silver is trading near $30.50 per ounce. Gold and silver are currently taking a pause, but have been in a bull market for more than a decade and apparently Americans are taking notice.
According to a recent Gallup poll, gold leads four other types of investments when Americans were asked to pick the best long-term investment. The poll found that 28 percent of Americans view gold as the best investment vehicle for the long-term, compared to 20 percent selecting real estate. Paper assets such as stocks and savings accounts were tied for third place with 19 percent, as bonds finished last with only 8 percent. The new findings were part of Gallup's April update of its annual Economy and Personal Finance poll.
Don't Miss: Gold & Silver: Bernanke Overshadows FOMC Minutes
Although gold prices have declined from their nominal highs made last year, the safe-haven metal still remains the top pick. Gallup explains, "Investing in gold has gained in popularity in recent years as low interest rates have made traditional savings instruments less attractive, and instability in the stock and real estate markets has undermined the mass appeal of those options. Meanwhile, the rising trajectory of the price of gold over the past several years apparently offers more of the returns and stability investors seek. Although gold prices dipped in the last quarter of 2011 after hitting an all-time high of $1,924 per ounce in September, and have yet to fully recover, more Americans continue to consider gold the best long-term investment among the major options available to consumers."
While the Gallup poll findings may raise red flags for contrarian investors, the percentage of Americans that viewed gold as the best investment actually declined 6 percent from last year. Furthermore, what Americans say and do are completely two different things. Gold ownership still remains low by historical standards and according to sales by the United States Mint, there is no rush to buy American Gold Eagles, the most popular bullion coin in the country. In April, the U.S. Mint sold 19,000 American Gold Eagles, the lowest monthly amount since 2008. For the first four months of 2012, the U.S. Mint sold 181,000 Gold Eagles, compared to 358,000 sold in 2011. Furthermore, gold held in the SPDR Gold Trust, the world's largest gold backed ETF, recently fell to a three month low of 1,274.09 tonnes.
Even though short-term volatility and a lack of understanding may scare many Americans away from investing in gold and silver, the fundamental reasons for owning either precious metal have not changed. In a world of uncertainty, gold and silver can still be used to diversify and preserve wealth.


text:
Filter By Show All (1) 1 Coupon Codes
Unpopular Coupons and Deals
25% off
Details: Get 25% off Disneystore.com - use promo code: MOM25
Show Coupon Code 50% success rate
Never Miss a Coupon or Deal. Subscribe to the Best of TheRawFeed!We sincerely hate spam too. Our weekly and holiday emails feature only the best coupons and deals. Unsubscribe at any time.