Samsung Group (Korean: 삼성그룹 / Samseong Geurup / [sam'sʌŋ gɯ'ɾup], informally Samsung) is a South Korean multinational conglomerate corporation headquartered in Samsung Town, Seoul. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean chaebol.
Notable Samsung industrial subsidiaries include Samsung Electronics (the world's largest information technology company measured by 2010 revenues),Samsung Heavy Industries (the world's second-largest shipbuilder measured by 2010 revenues),and Samsung Engineering and Samsung C&T (respectively the world's 35th- and 72nd-largest construction companies).Other notable subsidiaries include Samsung Life Insurance (the world's 14th-largest insurance company),Samsung Everland (the oldest theme park in South Korea)and Cheil Worldwide (the world's 19th-largest advertising agency measured by 2010 revenues).
Samsung produces around a fifth of South Korea's total exports[11] and its revenues are larger than many countries' GDP; in 2006, it would have been the world's 35th-largest economy.The company 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".
Samsung Biologics
Samsung Biologics was established as a biopharmaceutical manufacturer with a focus on biosimilars and is part of the Samsung Group's 2010–2020 strategic plan for growth.The Affiliate was established in April 2011 between Samsung Group and Quintiles, a multinational pharmaceutical services company.[32] In December 2011, a US$300 million joint venture was announced between the Affiliate and Biogen Idec.[45] The joint venture has an 85/15 investment split between Samsung and Biogen and will be based in South Korea.
Samsung SE170 road-rail excavator of Veli Hyyryläinen Oy in Muurame, Finland 2009
Veiled revenue
Consolidated revenue is the sum of the revenues perceived by the company and the revenues from its subsidiaries all together. In FY 2009, Samsung Group had a revenue of 220 trillion KRW ($172.5 billion), financial results are based on parent companies. In FY 2010, Samsung reported 280 trillion KRW ($258 billion) worth of revenue, and 30 trillion KRW ($27.6 billion) profit. (*Based upon a KRW=USD exchange rate of 1,084.5KRW per USD, the spot rate as of 19 August 2011)[46] However, they also do not contain the revenues of overseas subsidiaries, and no one knows about real revenues.
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