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69-499: The Daegu-Gyeongbuk region is home to 5.5 million people and over 13% of the nation’s manufacturers including global conglomerates Samsung , LG , Hyundai and POSCO . DGFEZ focuses on 4 major industries; IT Convergence, High-tech Transportation Components, Green Energy, and Knowledge Services. The development of these districts is scheduled to conclude in 2020. DGFEZA has offices in Daegu and Seoul. The Daegu–Gyeongbuk Free Economic Zone

138-434: A 600 million won decline from the 14 trillion won in 2022. The said drop can be attributed to the weak demand after COVID and a slowing global economy. Despite this decision, the company's shares increased by more than 4%. Samsung has been the top two applicant for PCT filled patents in 2022 and 2023 worldwide. Samsung has a powerful influence on South Korea's economic development, politics, media and culture and has been

207-755: A KRW-USD exchange rate of 1,084.5 KRW per USD, the spot rate as of 19 August 2011. These amounts do not include the revenues from Samsung's subsidiaries based outside South Korea. Samsung Electronics is a multinational electronics and information technology company headquartered in Suwon and the flagship company of the Samsung Group. Its products include air conditioners , computers , digital television sets , active-matrix organic light-emitting diodes (AMOLEDs), mobile phones , display monitors , computer printers , refrigerators , semiconductors and telecommunications networking equipment. It

276-555: A R&D center at Daegu ICT Park. The R&D center will focus on the design of luxury ships. Size: 0.07 km Location: Nam-gu, Daegu Daegu Technopolis is designed to become a leading high-tech science city in Northeast Asia. The site combines R&D, Education and High-tech Eco-friendly Manufacturing. Various national institutes and university branches specialized in convergence industries from automotive, green energy, electronics and telecommunication industries are within

345-472: A debate, "Samsung has the government in its hands. Samsung manages the legal world, the press, the academics and bureaucracy ". Samsung comprises around 80 companies. Its activities include construction , consumer electronics , financial services , shipbuilding , and medical services , and two research and development stations that have allowed the chaebol to enter the industries of "high-polymer chemicals , genetic engineering tools [and biotech as

414-603: A major driving force behind the " Miracle on the Han River ". Its affiliate companies produce around a fifth of South Korea's total exports. Samsung's revenue was equal to 22.4% of South Korea's $ 1.67 trillion GDP in 2022. "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

483-463: 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

552-611: 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 . In 2000, Samsung R&D 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

621-502: A seat frame factory Size: 1.67 km Location: Yeongcheon City, Gyeongbuk Province Pohang is located in the center of Korea’s East Coast Energy Cluster which stretches from Uljin to Gyeongju. Within this cluster, the nation’s largest wind power and nuclear complexes operate. This area is also known for having some of the nation’s best research institutes. Pohang Fusion Tech District will house Fuel Cell research and production, Wind Power, R&D institutes and Enterprises. In addition,

690-575: A small trading company with forty employees located in Su-dong (now Ingyo-dong). It dealt in dried fish, 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 , a textiles company, and built

759-839: 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). Samsung Heavy Industries is a shipbuilding and engineering company headquartered in Seoul, 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. It achieved total revenues of 13,358.6 billion won in 2011 and

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828-513: A whole], aerospace , and nanotechnology ." 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 . 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

897-482: 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 , South Korea. It is listed on the Korea Exchange stock market (number 009150). Samsung Advanced Institute of Technology (SAIT), established in 1987,

966-779: Is a district for automotive components, avionics, and logistics. This district is located in the middle of the Auto Valley, which stretches from Gumi to Ulsan. The Gyeongbuk Hybrid Technology Institute and Gyeongbuk Research Institute of Vehicle Embedded Technology will provide support and technical expertise. As of September 2012, several foreign companies have invested in Yeongcheon Industry District. Daicel Corporation (Japan) invested 36 million USD in December 2011, to establish an airbag inflator factor. Faurecia (France) invested 21 million USD to construct

1035-546: Is a fashion-based district that combines commercial, industrial, and residential. Esiapolis houses Lotte Outlet, clothing retailers, restaurants, and other entertainment facilities (CGV Movie Theater) The district also houses numerous Fashion-based R&D/education institutes including Daegu Textile Center (DTC) College of Korea Textile & Fashion Polytechnics (CKTFP), Korea Research Institute for Fashion Industry (KRIFI). Daegu International School which opened in September 2010

1104-525: Is a manufacturing industrial complex. The district is home to an Automobile Park that supplies parts and materials for nearby automotive manufacturers including Hyundai Motors. Boeing Avionics Maintenance, Repair and Overhaul Facility (BAMRO) is under construction and will be complete by the end of 2014. The BAMRO will service avionics components for the Republic of Korea Air Force (ROKAF) fleet of F-15K Slam Eagles Size: 2.30 km Location: Yeongcheon City, Gyeongbuk Province Yeongcheon Industry District

1173-682: Is a tertiary hospital staffed by approximately 7,400, 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. Samsung donates around US$ 100 million per annum to the Samsung Medical Center. It incorporates Samsung Seoul Hospital, Kangbuk Samsung Hospital, Samsung Changwon Hospital, Samsung Cancer Center and Samsung Life Sciences Research Center. In 2010,

1242-548: Is also part of Esiapolis. Size: 1.18 km Location: Dong-gu, Daegu The Culture Industry District will focus on the gaming industry. This district was designated as a Culture Industry Promotion District by the central government in April, 2008. Currently, 109 culture technology- related companies reside in this district, with further plans to attract a Game Contents Complex, a Broadcasting Media Center an ICT Park tower and an ICT Park mall. In May 2010, Dassault Systemes opened

1311-534: 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). Samsung Bioepis is a biosimilar medicine producer and joint venture between Samsung Biologics (50 per cent plus one share) and

1380-453: Is headquartered in Suwon and operates research labs around the world. Ace Digitech is listed on the Korea Exchange stock market (number 036550). Cheil Industries is listed on the Korea Exchange stock market (number 001300). Cheil Worldwide is a marketing company that offers advertising, public relations, etc. It is listed on the Korea Exchange stock market (number 030000). Credu

1449-711: Is listed on the Korea Exchange stock market (number 02803450). Samsung Fire & Marine Insurance is a multinational general insurance company headquartered in Seoul. It was founded in January 1952 as Korea Anbo Fire and Marine Insurance and was renamed Samsung Fire & Marine Insurance in December 1993. Samsung Fire & Marine Insurance offers services including accident insurance, automobile insurance, casualty insurance, fire insurance, liability insurance , marine insurance , personal pensions and loans. As of March 2011 it had operations in 10 countries and 6.5 million customers. Samsung Fire & Marine Insurance had

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1518-638: Is listed on the Korea Exchange stock market (number 032830). Samsung SDI builds lithium-ion batteries for electric vehicles such as the BMW i3 , and acquired Magna Steyr 's battery plant near Graz in 2015. Samsung SDI also produced CRTs and VFD displays until 2012. SDI began using the " 21700 " cell format in August 2015. Samsung plans to convert its factory in Göd , Hungary to supply 50,000 cars per year. Samsung SDI uses lithium-ion technology for its phone and portable computer batteries. On 5 December 2012,

1587-465: Is listed on the Korea Exchange stock market (number 067280). Imarket Korea provides procurement services and business-to-business goods. It is listed on the Korea Exchange stock market (number 122900). Samsung Card is a South Korean credit card company. It is listed on the Korea Exchange stock market (number 029780). Hotel Shilla (also known as "The Shilla") opened in March 1979, following

1656-790: Is located inside Daegu Innovation City. The new development is part of a relocation plan made by the Korea Central Government for a balanced regional development. Daegu Innovation City will be home to 12 public agencies including KOGAS when development is complete around 2015. In August 2009, the Korea Ministry of Health selected Daegu as one of 2 cities to house new high-tech medical facilities worth at least 5.6 trillion won ($ 4.6 billion). The "so-called" Medivalley will facilities will specialize in pharmaceuticals, medical devices and clinical testing. Size: 4.22 km Location: Sinseo dong, Daegu Yeongcheon High-Tech Park

1725-609: Is no longer part of DG-FEZ, though there are still several foreign companies within the complex. In April 2011, Samsung LED and Sumitomo Chemical (from Japan) announced plans to invest 460 billion won (approx. USD425 million) to form a joint venture that will produce LED core materials (Saphire Wafers) in the Seongseo 5 High-Tech Industrial Complex. Stion (U.S.), a manufacturer of CIGS thin film solar PV cell announced plans to invest $ 320 million within Seongseo District in

1794-610: 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. Siam Samsung Life Insurance: Samsung Life Insurance holds a 37 per cent stake while the Saha Group also has a 37.5 per cent stake in the joint venture, with the remaining 25 per cent owned by Thanachart Bank. It

1863-719: Is the world's second-largest shipbuilder by revenues (after Hyundai Heavy Industries ). It is listed on the Korea Exchange stock market (number 010140). Samsung Life Insurance is a multinational life insurance company headquartered in Seoul, founded in March 1957 as Dongbang Life Insurance. It became an affiliate of the Samsung Group in July 1963. Samsung Life's principal activity is the provision of individual life insurance and annuity products and services. As of December 2011 it had operations in seven countries, 8.08 million customers and 5,975 employees. Samsung Life had total sales of 22,717 billion won in 2011 and total assets of 161,072 billion won at 31 December 2011. It

1932-811: The Burj Khalifa in United Arab Emirates. 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). In 1995, it created its first liquid-crystal display screen. Samsung grew to be

2001-588: The Korean hanja Samsung ( 三 星 ) is three stars . The three stands for something big, numerous and powerful , while stars stands for everlasting or eternal . In 1938, during Japanese-ruled Korea , Lee Byung-chul (1910–1987) of a large landowning family in the Uiryeong county moved to nearby Daegu 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

2070-448: The world's largest mobile phone maker by unit sales, overtaking Nokia , which had been the market leader since 1998. 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

2139-721: 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 billion in

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2208-633: 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. In 1987, United States International Trade Commission found that the Samsung Group of South Korea unlawfully sold computer chips in the United States without licenses from

2277-533: 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. It is listed on the Korea Exchange stock-exchange (number 006400). Samsung SDS is a multinational IT Service company, founded in March 1985. Its main activity is the deployment of IT systems ( ERP , IT infrastructure, IT consulting, IT outsourcing, data center operation, etc.). It

2346-587: The Korea's only accelerator laboratory ( PAL ) is located nearby at POSTECH . Size: 3.75 km Location: Pohang City, Gyeongbuk Province Samsung Samsung Group ( Korean :  삼성 ; Hanja :  三星 ; RR :  samseong [samsʌŋ] ; stylised as SΛMSUNG ) is a South Korean multinational manufacturing conglomerate headquartered in Samsung Digital City, Suwon , South Korea. It comprises numerous affiliated businesses, most of them united under

2415-516: The Korean government reviewed the number of media outlets allowed. TBC allowed an early success thanks to its connections to Samsung, boosting the sale of its television sets. 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

2484-404: 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". In

2553-448: 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 . Hanhwa Techwin was a developer and manufacturer of surveillance (including security cameras), aeronautics , optoelectronics , automations and weapons technology . It was announced to be sold to Hanwha Group in December 2014 and

2622-488: The Samsung Trading Corporation, with the Samsung's founder Lee Byung-chul. The trading firm grew to become the now 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. In the late 1960s, Samsung Group entered

2691-411: The Samsung brand, and is the largest South Korean chaebol (business conglomerate). As of 2024, Samsung has the world's fifth-highest brand value . 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

2760-659: The U.S.-based Biogen Idec (50 per cent). In 2014, Biogen Idec agreed to commercialize future anti-TNF biosimilar products in Europe through Samsung Bioepis. Samsung Engineering is a multinational construction company headquartered in Seoul, 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. It achieved total revenues of 9,298.2 billion won (US$ 8.06 billion) in 2011. Samsung Engineering

2829-625: 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. 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

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2898-457: The case. Samsung decried the decision saying that the move could harm innovation in the sector. It also followed a South Korean ruling stating that both companies were guilty of infringing on each other's intellectual property. In first trading after the ruling, Samsung shares on the KOSPI fell 7.7%, the largest fall since 24 October 2008, to 1,177,000 South Korean won . Apple then sought to ban

2967-494: The center of Samsung's mobile phone manufacturing. They have produced over 800 million mobile phones to date. 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 . Shinsegae (discount store, department store)

3036-569: The chip inventor, Texas Instruments Inc. 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

3105-651: The commission received complaints stating that the agency hired students to attack competitors of Samsung Electronics in online forums. 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. In 2015, Samsung has been granted more U.S. patents than any other company. The company received 7,679 utility patents through 11 December. The Galaxy Note 7 smartphone went on sale on 19 August 2016. However, in early September 2016, Samsung suspended sales of

3174-485: 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 . In 2010, Samsung announced a ten-year growth strategy centered around five businesses. One of these businesses was to be focused on biopharmaceuticals , to which has committed ₩ 2.1 trillion. In first quarter of 2012, Samsung Electronics became

3243-463: 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

3312-535: The district as a Mecca for alternative medicine research. Suseong Medical District aims to attract a foreign hospital, a Medical School, medical tourism facilities and R&D manufacturers. In part, high quality facilities for medical services helped this area receive the highest residential satisfaction score as rated by the National Consumer Satisfaction Index. Size: 1.79 km Location: Suseong, Daegu Sinseo Meditech District

3381-623: The district. In Jan. 2011, Daegu Technopolis received designation as a Special R&D Zone by the central government. The first stage of development in Technoplis was completed in 2010, with the Daegu-Gyeongbuk Institute of Science & Technology opening its doors as the first resident. As of May 2012, there have been two sizable investments within Technopolis. Hyundai IHL (a subsidiary of Hyundai Mobis) completed

3450-539: The electronics industry. It formed several electronics-related divisions, such as Samsung Electronics Devices, Samsung Electro-Mechanics, Samsung Corning and Samsung Semiconductor & Telecommunications, and opened the facility in Suwon . Its first product was a black-and-white television set. Byung-chul was also the owner of the Tongyang Broadcasting Company , a private radio and television company that existed from 1964 to 1980, shut down after

3519-560: The first plant in Chimsan-dong, Daegu . It was the largest woollen mill in the country at the time of construction. 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

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3588-456: The first stage of its $ 95 million investment (April 2012) and it is operating a manufacturing center for automotive LED lamps. Nakamura-Tome Precision Industry has invested $ 19.7 million to construct a factory that is scheduled to be completed by the end of 2012. Size: 7.27 km Location: Dalseong, Daegu Suseong Medical District takes a role as a center for Oriental medicine in Korea that bridges Oriental and Western medicine and establishes

3657-419: The intention of the late Lee Byung-chul , founder of the Samsung Group. Shilla Hotels and Resorts is listed on the Korea Exchange stock market (number 008770). Samsung C&T Corporation covers the three main sectors of Environment & Asset, Food Culture and Resort. Samsung Medical Center was founded on 9 November 1994, under the philosophy of "contributing to improving the nation's health through

3726-893: 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 , Hansol Group, and JoongAng Group. Samsung industrial affiliates include Samsung Electronics , Samsung Heavy Industries , Samsung Engineering and Samsung C&T Corporation . Other subsidiaries include Samsung Life Insurance and Cheil Worldwide . Notable Samsung industrial affiliates include Samsung Electronics (the world's largest information technology company , consumer electronics maker and chipmaker measured by 2017 revenues), Samsung Heavy Industries (the world's second largest shipbuilder measured by 2010 revenues), and Samsung Engineering and Samsung C&T Corporation (respectively

3795-540: 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

3864-465: The phone the following day. In 2018, they inaugurated the world's largest mobile manufacturing facility in Noida , India, in the presence of Indian Prime Minister Narendra Modi and South Korean President Moon Jae-in . In 2023, Samsung announced its decision to reduce the production of memory chips. This action is on account of the company's projected 96% decline in quarterly operating profit -

3933-486: 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, but this was denied by the court. 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

4002-442: The spring of 2012. Size: 1.47 km Location: Dalseong, Daegu Gyeongsan R&BD District is a site that is currently under development. Once complete the site will be geared for construction equipment manufacturing and R&D, medical devices manufacturing, working in collaboration with a large cluster of private education institutes in the region. Size: 6.47 km Location: Gyeongsan City, Gyeongbuk Province Easiapolis

4071-526: The take-over completed in June 2015. It was later renamed Hanwha Techwin. The company was listed on the Korea Exchange stock-exchange (number 012450) 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 defense company Thales . It was established in 1978 and is based in Seoul. Samsung's involvement

4140-610: The world and operates four LNG regasification terminals and 4,945 km of natural gas pipelines in South Korea . The company has a stake in the Prelude floating liquefied natural gas facility in Australia, along with investors Shell , Inpex Corporation, and CPC Corporation . It is the largest floating production structure in the world. Production started in December 2018. The company started in 1983. The company

4209-472: The world's 13th and 36th largest construction companies). Other notable subsidiaries include Samsung Life Insurance (the world's 14th largest life insurance company), Samsung Everland (operator of Everland Resort , the oldest theme park in South Korea) and Cheil Worldwide (the world's 15th largest advertising agency, as measured by 2012 revenues). According to Samsung's founder, the meaning of

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4278-569: The world's largest manufacturer of liquid-crystal display panels. Ten years later, 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

4347-405: Was announced that Samsung had acquired the stake of Sony in this joint venture. 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, Renault Samsung is 80.1 per cent owned by Renault and 19.9 per cent owned by Samsung. Additionally, Samsung manufactured

4416-406: Was designated by the Korean central government on May 6, 2008 with the offices of DGFEZ opening its doors on August 13, 2008. The current commissioner of DGFEZ Authority is Byung-Rok Choi. Seongseo Industry District is a high-tech complex for automotive, machinery and IT convergence companies. In January 2011, Seongseo Industry District was re-designated as part of Daegu's Special R&D Zone, and

4485-415: Was developed with partners, officially launched with the original Samsung Solstice 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

4554-440: Was formed in 2004, and Toshiba owns 51 per cent of its stock, while Samsung owns the remaining 49 per cent. 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

4623-550: 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. 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

4692-529: Was passed on to the Hanwha Group as part of the Techwin transaction. Samsung General Chemicals was sold to Hanwha. Another chemical division was sold to Lotte Corporation in 2016. KOGAS The Korea Gas Corporation ( KOGAS ) is a South Korean public natural gas company that was established by the Korean government in 1983. KOGAS has grown into the largest LNG -importing company in

4761-518: 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%. It was also the world's second-largest semiconductor maker by 2011 revenues (after Intel ). Steco is a joint venture established between Samsung Electronics and Japan's Toray Industries in 1995. 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

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