Samsung is by far the biggest company in South Korea. It makes more than twice as much as the next largest South Korean corporation. In order to house their more than 250,000 employees, the electronics giant has built its own city just outside Seoul. Today we’re learning about the city that Samsung built.
The Samsung Group, which includes Samsung Electronics and Samsung Life Insurance among others, has an annual revenue of 208 billion dollars, accounting for 17% of South Korea’s total GDP. Though it has been plagued by controversy in recent years, it is by far one of the largest corporations on Earth.
Samsung produces everything from medical supplies to energy and they have substantial holdings in finance, resort management, and insurance. In the first quarter of 2019, Samsung shipped 71.9 million smartphone units, compared to Huawei and Apple, which shipped 59.1 million and 36.4 million, respectively, according to IDC. Needless to say, this company is extremely powerful.
Inside Samsung’s Headquarter
