The company was founded by Lee Byung-Chul in 1938 as a trading company. However, after thirty years, the group diversified into other areas such as food processing, retail, textiles, insurance, and securities.
Samsung entered the electronics industry in the late 1960s. The company also went into the construction and shipbuilding industries in the mid-1970s. This diversification has driven its subsequent growth.
In 1947, another business mogul, Cho Hong-Jai, the founder of the Hyosung group’s joined Lee in investing in a new company called Samsung Mulsan Gongsa, or the Samsung Trading Corporation.
This new trading firm grew to become the present-day Samsung C&T Corporation, this is although the two men separated after a few years due to differences in management style. Cho Hong-Jai wanted a 30 equity share. Samsung Group was separated into Samsung Group, Hyosung Group, Hankook Tire and others
Samsung Group formed several electronics-related divisions, these include:
o Samsung Electronics Devices
o Samsung Electro-Mechanics,
o Samsung Semiconductor & Telecommunications
The first product of Samsung electronics was a black-and-white television set.
After the founder’s (Lee Byung-Chul) death in 1987, Samsung was broken up into four business groups. These are Samsung Group, Shinsegae Group, CJ Group and Hansol Group.
Since 1990, Samsung has increasingly grown to be a global brand, its activities and electronics. Samsung Electronics include mobile phones and semiconductors; these have become the company’s most important source of income.
In 2017, Samsung was ranked the company with the 6th highest global brand value.
Global Samsung industrial affiliates are numerous and include:
- Samsung Electronics. This is regarded as the world’s largest information technology company and chipmaker and consumer electronics maker measured by 2017 revenues),
- Samsung Heavy Industries- This is the 2nd largest shipbuilder in the world, measured by revenue in 2010
- Samsung Engineering and Samsung C&T- These are regarded as the 13th and 36th largest construction companies in the world. Samsung Engineering majors in the construction of oil refining plants, power plants and other infrastructure.
- Other prominent subsidiaries include Samsung Life Insurance- the 14th largest life insurance company in the world),
- Samsung Everland- This is the operator of Everland Resort and Cheil Worldwide. These are the oldest theme park in South Korea and 1 5th largest advertising agency in the world respectively.
Samsung has a powerful influence on South Korea’s economic, political, cultural and media development. It is reported that Samsung’s affiliate companies produce around a fifth of South Korea’s total exports. The company’s revenue is equal to 17% of South Korea’s $1,082 billion Gross Domestic Product.
Samsung Electronics
In the first quarter of the year 2012, Samsung was the world’s largest mobile phone maker by unit sales with a global market share of 25.4%. The company was also the world’s second-largest semiconductor maker according to 2011 revenues. Samsung Electronics is listed on the Korea Exchange stock-exchange with number 005930).
In Nigeria, Samsung electronic products are one of the most used and trusted products. Android phones and tablets produced by Samsung, such as Galaxy note are very popular. Other products manufactured by Samsung are:
SMARTPHONES
o Galaxy S10 | S10+
o Galaxy Note9
o Galaxy S
o Galaxy Note
o Galaxy A
o Accessories
TABLETS
o Galaxy Tab A
o Accessories
WEARABLES
o Galaxy Watch
o Galaxy Fit
o Galaxy Buds
HOME GADGETS
o Connected Living
- TV
o Premium UHD 4K TV
o UHD 4K TV
o Full HD/HD TV
o SMART TV
- AUDIO & VIDEO
o Wireless Audio
o Soundbar
o Home Entertainment System
o Blu-ray & DVD Player
o 2019 QLED TV
- TV
o QLED 8K/4K TV
o Premium UHD 4K TV
o Full HD/HD TV
o Accessories
- AUDIO & VIDEO
o Wireless Audio
o Soundbar
o Digital Component
o Blu-ray & DVD Player
o Connected Living
- IT
o Monitors
o Printers & Multifunctions
o Printer Supplies
This different locations of Samsung offices in Abuja, the Federal Capital Territory of Nigeria
| S/N | SITE | STATE |
| 1 | STS Koliangel 1 | FCT |
| 2 | SIS-STS Slot Banex Abuja | FCT |
| 3 | STS Plan A | FCT |
| 4 | SES Rifugio JABI Mall Abuja | FCT |
| 5 | STS Amistad phones Emab Plaza | FCT |
| 6 | Pointek-Abuja Jabi Mall | FCT |
| 7 | SPAR PARK N SHOP CEDDI PLAZA ABUJA | FCT |
| 8 | SIS-STS Slot Garki Abuja | FCT |
| 9 | STS PARK N SHOP WUSE 2 ABUJA | FCT |
| 10 | Yudala Comm wuse 2 Abuja | FCT |
| 11 | STS Amistad phones 2 Along Wuse 2 | FCT |
| 12 | SES MEHDI GLOBAL SERVICES LTD (MGS)-ABUJA | FCT |
| 13 | SES ABUJA-Shoprite Apo | FCT |
| 14 | SIS PointeK | F.C.T |
| 15 | STS YISAAB | FCT |
| 16 | Yisab Aminu Kano | FCT |
| 17 | ALADA Telecomms Emab Plaza | FCT |
| 18 | SES Magnelli | FCT |
| 18 | Givers Phone Emab Plaza Abuja | FCT |
| 19 | STS GSM Arena | FCT |
| 20 | SIS Edsun Nig Ltd | FCT |
| 21 | STS MTN | FCT |
| 22 | Phones and Data World Wuse 2 Abuja | FCT |