Business

Samsung seeks alternatives to Japanese suppliers in trade row

South Korean tech giant Samsung Electronics, the world's biggest smartphone and memory chip maker, is seeking alternatives to Japanese suppliers for some key materials, it said Wednesday with Seoul and Tokyo embroiled in ...

Business

Samsung boss goes on trial on drugs charges

The de-facto leader of South Korea's sprawling Samsung group Lee Jae-yong went on trial Tuesday on charges of illegally using the anaesthetic propofol, the latest legal travail to beset the multi-billionaire.

Business

Bribery retrial opens for Samsung scion

The heir to the Samsung empire appeared in court Friday for a retrial over a sprawling corruption scandal that threatens to disrupt management at the world's biggest smartphone and memory chip maker.

Business

Samsung heir charged with fraud over succession-linked deal

South Korean prosecutors indicted the heir to the Samsung empire Tuesday over a controversial merger of two business units seen as a key step towards his succession, in the latest legal blow to the sprawling conglomerate.

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Samsung Group

The Samsung Group (Korean: 삼성 그룹, Hanja: 三星 그룹 Samsŏng Kŭrup) (KRX: 005930, KRX: 005935) is the world's largest conglomerate by revenue, headquarted in Seocho Samsung Town, Seoul, South Korea. It is South Korea's largest chaebol and composed of numerous international affilated businesses, most of them united under the Samsung brand, including Samsung Electronics, the world's largest electronics company, Samsung Heavy Industries, one of the world's largest shipbuilders and Samsung Engineering & Construction, a major global construction company. These three multinationals form the core of Samsung Group and reflect its name - the meaning of the Korean word Samsung is "tristar" or "three stars".

Samsung has been the world's most popular consumer electronics brand since 2005 and is the best known South Korean brand in the world. Samsung Group accounts for more than 20% of South Korea's total exports and is the leader in many domestic industries, such as the financial, chemical, retail and entertainment industries. The company's strong influence in South Korea is visible throughout the nation, which has been referred to as the "Republic of Samsung".

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