As a leading conglomerate, Samsung Group owns a diverse portfolio of companies spanning various industries. One of its most prominent subsidiaries is Samsung Electronics Co. Ltd., which is the largest enterprise within the Samsung Group. Samsung Electronics is renowned for being one of the world’s biggest electronics companies and produces a wide range of popular products, including the Galaxy line of smartphones, tablets, and laptops. In addition to consumer electronics, Samsung Electronics also excels in producing industrial electronics products such as appliances, semiconductors, memory chips, and integrated systems. With $18.7 billion in annual profits reported in 2019, Samsung Electronics has consistently demonstrated its success and growth in the market.
While Samsung Electronics has primarily expanded through internal growth, it has also made strategic acquisitions to further enhance its capabilities. Notable acquisitions include Harman International Industries in 2017, which has bolstered Samsung’s expertise in smart audio and connected technologies. Other key acquisitions in recent years include SmartThings, LoopPay (now Samsung Pay), TeleWorld Solutions, and Novaled, enabling Samsung to venture into areas like mobile payments, network infrastructure, and organic electronics.
Aside from Samsung Electronics, the Samsung Group holds numerous other subsidiaries in various industries. These subsidiaries contribute to Samsung’s overall portfolio and are involved in sectors such as electronics, machinery and heavy industries, financial services, and more. Examples of Samsung Group subsidiaries include Samsung Heavy Industries (shipbuilding and offshore development), Samsung C&T Corporation (engineering, procurement, and construction), Samsung Life Insurance (insurance services), and Samsung Resort Group (resorts and golf courses), among others.
- Samsung Group owns a diverse portfolio of companies in various industries.
- Samsung Electronics is the largest enterprise within the Samsung Group and is known for its popular consumer electronics products.
- Samsung has made strategic acquisitions to expand its capabilities in areas such as mobile payments and connected technologies.
- Other Samsung Group subsidiaries are involved in sectors including heavy industries, financial services, and hospitality.
- The success and growth of Samsung Electronics play a significant role in the overall performance of the Samsung Group.
Samsung’s Electronics Subsidiaries
Samsung Electronics, the flagship company of the Samsung Group, operates several subsidiaries that contribute to its success and support its various business divisions. These subsidiaries specialize in different industries, providing a diverse range of products and services.
Samsung Display is a leading player in the display industry, manufacturing LCD and OLED technologies. Their high-quality displays are used in a wide range of electronic devices, including smartphones, tablets, televisions, and computer monitors. Samsung Display’s commitment to innovation has helped them maintain their position as a global leader in the display market.
Samsung SDI focuses on developing and producing new energy solutions. They are known for manufacturing secondary cell products, photovoltaic (PV) systems, and energy storage systems. Samsung SDI’s advanced battery technology has enabled the growth of electric vehicles and renewable energy applications.
Samsung Electro-Mechanics is a subsidiary that specializes in integrated components for electronics and mechanical devices. They design and manufacture a wide range of components, including printed circuit boards (PCBs), camera modules, and electronic components for mobile devices, home appliances, and automotive systems.
Samsung SDS is an information and communication technology (ICT) service provider. They offer a comprehensive range of IT services, including consulting, system integration, and IT infrastructure management. Samsung SDS leverages their expertise to provide innovative solutions for businesses across various sectors.
Samsung Corning Advanced Glass
Samsung Corning Advanced Glass is a leader in the electronic material industry, specializing in the production of OLED glass substrates and sputtering targets. Their high-quality glass substrates are crucial for the manufacturing of OLED displays, contributing to the vibrant and sharp visuals experienced in Samsung’s devices.
|LCD and OLED technologies
|New energy solutions
|Secondary cell products, PV systems, energy storage systems
|Printed circuit boards, camera modules, electronic components
|Information and communication technology
|IT consulting, system integration, IT infrastructure management
|Samsung Corning Advanced Glass
|OLED glass substrates, sputtering targets
Samsung’s Other Business Holdings
Aside from Samsung Electronics, Samsung Group boasts a diverse portfolio of subsidiaries spanning various industries. These subsidiaries contribute to the overall success of Samsung Group and its presence in non-electronics sectors.
Shipbuilding and Offshore Development: Samsung Heavy Industries
Samsung Heavy Industries is a global leader in shipbuilding and offshore development. With its cutting-edge technology and expertise, the company has established itself as a prominent player in the industry.
Engineering, Procurement, and Construction: Samsung C&T Corporation
Samsung C&T Corporation is a renowned global engineering, procurement, and construction company. Its expertise in delivering large-scale projects has earned it a strong reputation worldwide.
Insurance and Financial Services: Samsung Life Insurance, Samsung Fire & Marine Insurance, Samsung Card, Samsung Securities
In the insurance sector, Samsung Group has established itself as a major player. Samsung Life Insurance, South Korea’s largest insurance company, offers a comprehensive range of insurance policies. Samsung Fire & Marine Insurance provides globally competitive insurance services.
Furthermore, Samsung Card offers integrated financial services to cater to diverse customer needs. Samsung Securities, a leading Korean financial investment company, provides expert financial advisory and wealth management solutions.
Hospitality and Leisure: Samsung Resort Group
Samsung Resort Group operates a range of world-class resorts and golf courses, providing exceptional leisure experiences to guests. With its commitment to quality, the group has become synonymous with outstanding hospitality.
These subsidiaries, each excelling in their respective industries, further enhance Samsung Group’s standing as a diversified conglomerate with a far-reaching impact.
What companies does Samsung own?
Samsung owns a diverse portfolio of companies in various industries such as electronics, machinery and heavy industries, financial services, and more.
What are some of Samsung Electronics’ subsidiaries?
Samsung Electronics has several subsidiaries that operate in different business divisions. Some of them include Samsung Display, Samsung SDI, Samsung Electro-Mechanics, and Samsung SDS.
What does Samsung Display specialize in?
Samsung Display specializes in the display industry, producing LCD and OLED technologies.
What does Samsung SDI focus on?
Samsung SDI focuses on new energy solutions, manufacturing secondary cell products, PV, and energy storage systems.
What does Samsung Electro-Mechanics produce?
Samsung Electro-Mechanics produces integrated components of electronics and mechanical devices.
What services does Samsung SDS provide?
Samsung SDS is an information and communication technology (ICT) service provider.
What does Samsung Corning Advanced Glass specialize in?
Samsung Corning Advanced Glass is a leader in the electronic material industry, producing OLED glass substrates and sputtering targets.
What are some other businesses owned by Samsung Group?
Apart from Samsung Electronics, Samsung Group has several other subsidiaries in industries such as shipbuilding and offshore development (Samsung Heavy Industries), engineering, procurement, and construction (Samsung C&T Corporation), insurance (Samsung Life Insurance and Samsung Fire & Marine Insurance), financial services (Samsung Card and Samsung Securities), and hospitality (Samsung Resort Group).