History of Samsung in Timeline
Samsung Group is a South Korean multinational manufacturing conglomerate and the largest chaebol in South Korea. Headquartered in Seoul, it comprises numerous affiliated businesses operating under the Samsung brand. As of 2024, Samsung boasts the world's fifth-highest brand value, reflecting its global prominence.
1910: Lee Byung-chul's Birth
In 1910, Lee Byung-chul, the founder of Samsung, was born.
1912: Sharp Corporation Founded
Sharp Corporation was founded in 1912. Currently, Samsung owns 3% of Sharp Corporation.
1938: Establishment of Mitsuboshi Trading Company
In 1938, Lee Byung-chul founded Mitsuboshi Trading Company, also known as Samsung Sanghoe, in Taikyu, dealing in dried fish, groceries, and noodles.
1938: Samsung Founded as a Trading Company
In 1938, Lee Byung-chul founded Samsung as a trading company.
1947: Joint investment in Samsung Mulsan Gongsa
In 1947, Cho Hong-jai jointly invested with Lee Byung-chul in Samsung Mulsan Gongsa, which later became Samsung C&T Corporation.
1947: Head office moved to Seoul
In 1947, Lee moved Samsung's head office to Seoul.
1954: Establishment of Cheil Mojik
In 1954, Lee founded Cheil Mojik, a textiles company, and built the first plant in Chimsan-dong, Taegu.
March 1957: Dongbang Life Insurance Founded
In March 1957, Dongbang Life Insurance, which would later become Samsung Life Insurance, was founded.
July 1963: Affiliated with Samsung Group
In July 1963, Dongbang Life Insurance became an affiliate of the Samsung Group.
1964: Establishment of Tongyang Broadcasting Company
In 1964, Byung-chul became the owner of the Tongyang Broadcasting Company (TBC), a private radio and television company.
January 1969: Samsung Engineering Founded
In January 1969, Samsung Engineering, a multinational construction company, was founded in Seoul.
1973: Samsung Corning Precision Glass Joint Venture
In 1973, Samsung Corning Precision Glass was established as a joint venture between Samsung and Corning to manufacture cathode ray tube glass.
1973: Samsung Electro-Mechanics Established
In 1973, Samsung Electro-Mechanics was established as a manufacturer of key electronic components and is headquartered in Suwon, South Korea.
August 1974: Samsung Heavy Industries Founded
In August 1974, Samsung Heavy Industries, a shipbuilding and engineering company, was founded in Seoul.
1978: Samsung Thomson-CSF Co., Ltd. Established
In 1978, Samsung Thomson-CSF Co., Ltd. was established as a joint venture between Samsung-Techwin and the France-based aerospace and defense company Thales. It is based in Seoul.
March 1979: Hotel Shilla Opened
In March 1979, Hotel Shilla (also known as "The Shilla") opened, following the intention of the late Lee Byung-chul, founder of the Samsung Group.
1979: Seagate Technology Founded
In 1979, Seagate Technology was founded. Currently, Samsung Electronics owns 9.6% of Seagate Technology.
1980: Samsung Acquisition of Hanguk Jeonja Tongsin
In 1980, Samsung acquired Hanguk Jeonja Tongsin based in Kumi, entering the telecommunications hardware market.
1980: Shutdown of Tongyang Broadcasting Company
In 1980, Tongyang Broadcasting Company (TBC) was shut down after the Korean government reviewed the number of media outlets allowed.
1982: Television Assembly Plant in Portugal
In 1982, Samsung Electronics built a television assembly plant in Portugal.
1984: Television Assembly Plant in New York
In 1984, Samsung Electronics built a television assembly plant in New York.
March 1985: Samsung SDS Founded
In March 1985, Samsung SDS, a multinational IT Service company, was founded.
1985: Television Assembly Plant in Tokyo
In 1985, Samsung Electronics built a television assembly plant in Tokyo.
1987: Division of Samsung Group
After Lee's death in 1987, Samsung was divided into five business groups: Samsung Group, Shinsegae Group, CJ Group, Hansol Group, and JoongAng Group.
1987: Division of Samsung Group after founder's death
After the death of the founder in 1987, Samsung Group was separated into five business groups: Samsung Group, Shinsegae Group, CJ Group, Hansol Group and the JoongAng Group.
1987: Death of Lee Byung-chul
In 1987, Lee Byung-chul, the founder of Samsung, passed away.
1987: Samsung Advanced Institute of Technology (SAIT) Established
In 1987, Samsung Advanced Institute of Technology (SAIT) was established and is headquartered in Suwon.
1987: Unlawful sale of computer chips
In 1987, the United States International Trade Commission found that the Samsung Group unlawfully sold computer chips in the United States without licenses from Texas Instruments Inc.
1989: Samsung BP Chemicals Joint Venture
In 1989, Samsung BP Chemicals was established as a joint venture between Samsung and BP to produce chemical products.
1989: Sungjin Geotec Founded
Sungjin Geotec was founded in 1989. Currently, Samsung Engineering holds a 10% stake in Sungjin Geotec.
1990: MEMC Joint Venture with Samsung Electronics
In 1990, MEMC entered into a joint venture agreement with Samsung Electronics to construct a silicon plant in Korea.
1990: Samsung Invests in Rambus Incorporated
In 1990, Samsung Electronics acquired a 4.19% stake in Rambus Incorporated, a technology company specializing in electronic components.
1990: Globalization of Activities
Since 1990, Samsung has increasingly globalized its activities and electronics, with mobile phones and semiconductors becoming its most important source of income.
1991: Hansol Group Separation
In 1991, Hansol Group separated from the Samsung Group, severing payment guarantees and share-holding ties.
1991: Samsung Buys Stake in Pantech
In 1991, Samsung Electronics bought a 10% stake in rival phone maker Pantech.
1992: World's Largest Producer of Memory Chips
In 1992, Samsung became the world's largest producer of memory chips.
1993: Separation of CJ CheilJedang from Samsung Group
In 1993, CJ CheilJedang separated from Samsung Group, leading to a rivalry between Lee Kun-hee and his older brother Lee Jay-hyun, the Chairman of CJ CheilJedang.
1993: Downsizing and Merging Operations
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.
November 1994: Samsung Medical Center Founded
On 9 November 1994, Samsung Medical Center was founded with the philosophy of contributing to improving the nation's health through medical service, research, and personnel development.
1994: Samsung Card Invests in Renault Korea Motors
In 1994, Samsung Card acquired a 19.9% stake in Renault Korea Motors.
March 1995: Rollei Watch Sales Prohibited in Germany
On March 11, 1995, the Cologne District Court prohibited the advertising and sale of Rollei watches in Germany after Samsung Techwin acquired Rollei.
1995: Samsung Invests in AST Research
In 1995, Samsung acquired a 40% stake in AST Research but was later forced to close the computer maker due to losses and staff resignations.
1995: Creation of First LCD Screen
In 1995, Samsung created its first liquid-crystal display screen.
1995: Steco Joint Venture
In 1995, Steco was established as a joint venture between Samsung Electronics and Japan's Toray Industries.
1995: Stemco Joint Venture Established
In 1995, Stemco was established as a joint venture between Samsung Electro-Mechanics and Toray Industries.
1996: Facility in Austin, Texas
In 1996, Samsung built a facility in Austin, Texas.
1996: Reacquisition of Sungkyunkwan University foundation
In 1996, the Samsung Group reacquired the Sungkyunkwan University foundation.
1996: First LCD Glass Substrate Manufacturing Facility Opens
In 1996, the first LCD glass substrate manufacturing facility of Samsung Corning Precision Glass opened in Gumi, South Korea.
1997: Asian Financial Crisis and Sale of Samsung Motor
During the 1997 Asian financial crisis, Samsung survived relatively unharmed, but Samsung Motor was sold to Renault at a significant loss.
1997: S-1 Founded as Korea's First Specialized Security Business
In 1997, S-1 was founded as Korea's first specialized security business.
July 1998: Samsung is part of DRAM price cartel
From 1 July 1998 to 15 June 2002 Samsung was part of a DRAM price cartel of ten companies.
1998: Alpha Processor Inc. (API) Established
In 1998, Alpha Processor Inc. (API) was established as a joint venture with U.S.-based Compaq to enter the high-end microprocessor market.
1998: GE Samsung Lighting Established
In 1998, GE Samsung Lighting was established as a joint venture between Samsung and the GE Lighting subsidiary of General Electric.
1998: Renault Samsung Motors Car Transactions
In 1998, Renault Samsung Motors started car related transactions and expanded into a range of cars and electric car models.
April 1999: Start of DRAM microchip manufacturers conspiring to price fix
During April 1999 some DRAM microchip manufacturers including Samsung conspired to price fix in Canada.
1999: Brooks Automation Asia Co., Ltd. Joint Venture
In 1999, Brooks Automation Asia Co., Ltd. was established as a joint venture between Brooks Automation and Samsung.
1999: Formation of Korea Aerospace Industries (KAI)
In 1999, Korea Aerospace Industries (KAI) was founded as the result of a merger between the aerospace divisions of Samsung Aerospace, Daewoo Heavy Industries and Hyundai Space and Aircraft Company.
1999: Rollei Management Buyout
In 1999, Rollei's management team bought out the company from Samsung.
1999: Samtron Becomes Independent
In 1999, Samtron, a subsidiary of Samsung, became an independent company.
2000: Opening of R&D Center in Warsaw
In 2000, Samsung R&D opened a development center in Warsaw, Poland, initially focusing on set-top-box technology.
2000: Global Steel Exchange Joint Venture
In 2000, Samsung formed a joint venture called Global Steel Exchange with Cargill, Duferco Group, and Tradearbed to manage their online steel transactions.
2001: Samsung Thomson-CSF Co., Ltd. known as Samsung Thales Co.
Until 2001 Samsung Thomson-CSF Co., Ltd., a joint venture between Samsung-Techwin and the France-based aerospace and defense company Thales, was known as Samsung Thales Co.
June 2002: End of DRAM microchip manufacturers conspiring to price fix due to recession
Due to a recession starting to occur in Canada, the price fix of DRAM microchip manufacturers came to an end in June 2002.
June 2002: End of DRAM price cartel
From 1 July 1998 to 15 June 2002 Samsung was part of a DRAM price cartel of ten companies.
2003: Samtron Becomes Samsung
In 2003, Samtron transitioned to become Samsung, with its website redirecting to Samsung's.
April 2004: Establishment of S-LCD Corporation
In April 2004, S-LCD Corporation was established as a joint venture between Samsung Electronics and Sony Corporation.
October 2004: SD Flex Co., Ltd. Founded
In October 2004, SD Flex Co., Ltd. was founded as a joint venture between Samsung and DuPont.
2004: Toshiba Samsung Storage Technology Corporation (TSST) Formed
In 2004, Toshiba Samsung Storage Technology Corporation (TSST) was formed as a joint venture between Samsung Electronics and Toshiba of Japan, specializing in optical disc drive manufacturing.
July 2005: Samsung Air China Life Insurance Established
In July 2005, Samsung Air China Life Insurance was established in Beijing as a 50:50 joint venture between Samsung Life Insurance and China National Aviation Holding.
2006: Establishment of S-LCD
In 2006, S-LCD was established as a joint venture between Samsung and Sony to provide a stable supply of LCD panels.
October 2007: Kim Yong-chul uncovers Lee Kun-hee's slush fund
On 29 October 2007, Kim Yong-chul, the former head of the legal department at Samsung's Restructuring Office, and Catholic Priests Association for Justice, exposed Lee Kun-hee's slush fund.
2007: POSS – SLPC s.r.o. Founded
In 2007, POSS – SLPC s.r.o. was founded as a subsidiary of Samsung C & T Corporation, Samsung C & T Deutschland and POSCO.
2007: Bribery and Evidence Fabrication Allegations
In 2007, former Samsung chief lawyer Kim Yong Chul claimed he was involved in bribing and fabricating evidence on behalf of Lee Kun-hee and the company.
March 2008: Construction of first mobile phone plant in Vietnam begins
In March 2008, Samsung commenced the construction of its inaugural mobile phone manufacturing facility in Vietnam, known as Samsung Electronics Vietnam (SEV), situated in Bac Ninh, with an initial investment of 670 million USD which later increased to 2.5 billion USD.
June 2008: SB LiMotive Joint Venture Founded
In June 2008, SB LiMotive, a 50:50 joint venture between Robert Bosch GmbH and Samsung SDI, was founded.
June 2008: Siltronic Samsung Wafer Pte. Ltd. Officially Opened
In June 2008, Siltronic Samsung Wafer Pte. Ltd., a joint venture between Samsung and Siltronic, was officially opened in Singapore.
October 2008: Largest fall since October 2008
In the first trading after the ruling, Samsung shares on the KOSPI fell 7.7%, the largest fall since October 24, 2008, to 1,177,000 South Korean won.
2008: Launch of Samsung Solstice line
In 2008, the smartphone platform developed in Warsaw was officially launched with the original Samsung Solstice line of devices.
December 2009: Lee Kun-hee pardoned by South Korean president
On 29 December 2009, South Korean president Lee Myung-bak pardoned Lee Kun-hee to allow him to remain on the International Olympic Committee.
2009: GE Samsung Lighting Broken Up
In 2009, the joint venture GE Samsung Lighting between Samsung and the GE Lighting subsidiary of General Electric was broken up.
2009: Samsung Consolidated Revenues
In FY 2009, Samsung reported consolidated revenues of 220 trillion KRW ($172.5 billion).
December 2010: Samsung Acquires MEDISON Co.
In December 2010, Samsung Electronics acquired MEDISON Co., a South Korean medical-equipment company, marking its diversification into the medical equipment sector.
2010: Renault Samsung Ownership
As of 2010, Renault Samsung is 80.1 per cent owned by Renault and 19.9 per cent owned by Samsung.
2010: Kim Yong-chul publishes "Thinking about Samsung"
In 2010, Kim Yong-chul released his book "Thinking about Samsung," detailing Samsung's actions and lobbying efforts to transfer management rights to Lee Jae-yong.
2010: Samsung Heavy Industries Rank
In 2010, Samsung Heavy Industries was the world's second-largest shipbuilder by revenue.
2010: Ten-Year Growth Strategy
In 2010, Samsung announced a ten-year growth strategy centered around five businesses, including a focus on biopharmaceuticals.
2010: Collaboration with Pfizer
In 2010, 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.
2010: Samsung Consolidated Revenues and Profits
In FY 2010, Samsung reported consolidated revenues of 280 trillion KRW ($258 billion), and profits of 30 trillion KRW ($27.6 billion).
March 2011: Samsung Fire & Marine Insurance Operations
As of March 2011, Samsung Fire & Marine Insurance had operations in 10 countries and 6.5 million customers.
April 2011: Samsung Group Structure
As of April 2011, the Samsung Group comprised 59 unlisted companies and 19 listed companies, all primarily listed on the Korea Exchange.
July 2011: Samsung Acquires Grandis Inc.
In July 2011, Samsung acquired Grandis Inc., a spin-transfer torque random access memory (MRAM) vendor.
August 2011: Samsung Consolidated Revenues and Profits
In FY 2010, Samsung reported consolidated revenues of 280 trillion KRW ($258 billion), and profits of 30 trillion KRW ($27.6 billion) based upon a KRW-USD exchange rate of 1,084.5 KRW per USD, the spot rate as of 19 August 2011.
October 2011: Samsung fined for DRAM price cartel
On 19 October 2011, Samsung was fined €145,727,000 for participating in a DRAM price cartel that operated from July 1998 to June 2002.
December 2011: Filming of video appearing to show Lee Kun-hee paying for sex acts
In December 2011, Lee Kun-hee was filmed at his residence appearing to pay a group of prostitutes for sex acts.
December 2011: Samsung Buys Sony's Stake in LCD Venture
In December 2011, Samsung Electronics' board approved a plan to buy Sony's entire stake in their joint liquid-crystal display (LCD) venture for 1.1 trillion won.
December 2011: Samsung Life Insurance Operations
As of December 2011, Samsung Life Insurance had operations in seven countries, 8.08 million customers, and 5,975 employees.
December 2011: Samsung Acquired Sony's Stake in S-LCD
As of December 26, 2011, Samsung acquired Sony's stake in the joint venture S-LCD.
2011: Second-Largest Semiconductor Maker
By 2011 revenues, Samsung Electronics was the world's second-largest semiconductor maker, following Intel.
2011: SMP Ltd. Joint Venture Formed
In 2011, MEMC Electronic Materials Inc. and Samsung formed a joint venture called SMP Ltd. to build a polysilicon plant.
2011: Samsung Biologics Founded
In 2011, Samsung Biologics, a biopharmaceutical division of Samsung, was founded.
2011: Samsung Engineering's Total Revenues
In 2011, Samsung Engineering achieved total revenues of 9,298.2 billion won (US$8.06 billion).
May 2012: Samsung Acquires mSpot
In May 2012, mSpot was acquired by Samsung Electronics to create a cloud-based music service which led to the Samsung Music Hub.
August 2012: Patent Violation Ruling: Apple vs. Samsung
On August 24, 2012, an American jury ruled that Samsung Electronics had to pay Apple $1.05 billion in damages for violating six of its patents on smartphone technology.
December 2012: Samsung Acquires NVELO, Inc.
In December 2012, Samsung acquired NVELO, Inc., a storage software vendor, to enhance its R&D operations for Samsung SSD storage subsystems.
December 2012: European Union Fined Samsung SDI for Price Fixing
On 5 December 2012, 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.
December 2012: Republic of Samsung Article
On 9 December 2012, an article titled "In South Korea, the Republic of Samsung" was published in the Washington Post, featuring a quote suggesting Samsung's chairman holds more power than the President of South Korea. The article also highlighted claims of Samsung colluding to fix prices and limiting choices for South Korean consumers.
2012: Investment in Austin Facility
As of 2012, Samsung has invested more than US$13 billion in the Austin facility, making it the largest foreign investment in Texas.
2012: Cheil Worldwide Rank
In 2012, Cheil Worldwide was the world's 15th-largest advertising agency by revenue.
2012: Samsung SDS Total Revenues
In 2012, Samsung SDS achieved total revenues of 6,105.9 billion won (US$5.71 billion).
2012: World's Largest Mobile Phone Maker
In the first quarter of 2012, Samsung Electronics became the world's largest mobile phone maker by unit sales, overtaking Nokia.
2012: Samsung Became World's Biggest Advertiser in 2012
Samsung became the world's biggest advertiser in 2012, spending $4.3 billion.
2012: Complaints about child labor in Samsung's supply chain
Starting in 2012 and continuing to 2015, Samsung faced multiple complaints regarding the use of child labor within its supply chain.
January 2013: Samsung Acquires NeuroLogica
In January 2013, Samsung acquired NeuroLogica, a medical imaging company, to expand its medical technology business.
June 2013: Filming of video appearing to show Lee Kun-hee paying for sex acts
In June 2013, Lee Kun-hee was filmed at a rental home appearing to pay a group of prostitutes for sex acts.
2013: Samsung's Advertising Spending in 2013
In 2013, Samsung Electronics spent an estimated $14 billion (U.S.) on advertising and marketing.
2013: Investigation for False Advertising in Taiwan
In 2013, the Fair Trade Commission of Taiwan investigated Samsung and its local advertising agency for false advertising, alleging that students were hired to attack competitors in online forums.
July 2014: Criticism of HEG factory for using underage workers
In July 2014, Samsung supplier HEG faced criticism from China Labor Watch (CLW) for allegedly using underage workers. HEG denied the charges and sued CLW.
July 2014: Samsung cuts contract with Shinyang Electronics over child labor violations
In July 2014, Samsung terminated its contract with Shinyang Electronics due to violations of child labor laws, following an investigation confirming the use of underage workers.
August 2014: China Labor Watch claims HEG employed underage workers
In August 2014, China Labor Watch (CLW) claimed that HEG employed over ten children under the age of 16 at a factory in Huizhou, Guangdong, with the youngest being 14 years old.
August 2014: Samsung Acquires SmartThings and Quietside LLC
In August 2014, Samsung acquired SmartThings, a home automation startup, and Quietside LLC, an air conditioner distributor, to strengthen its "smart home" business.
November 2014: Samsung Acquires Proximal Data
In November 2014, Samsung acquired Proximal Data, a server-side caching software company.
December 2014: Sale of Hanhwa Techwin Announced
In December 2014, it was announced that Hanhwa Techwin would be sold to Hanwha Group.
2014: Biogen Idec to Commercialize Anti-TNF Biosimilars
In 2014, Biogen Idec agreed to commercialize future anti-TNF biosimilar products in Europe through Samsung Bioepis.
2014: Lee Kun-hee suffers a heart attack and lapses into a coma
In 2014, Lee Kun-hee suffered a heart attack and lapsed into a coma, remaining in that state until his death in 2020.
2014: Samsung Unveils Samsung Sharp Sans Font
In 2014, Samsung unveiled its Samsung Sharp Sans font.
2014: Reopening of price fix investigation by Canadian government
In 2014, the Canadian government reopened and reinvestigated silently into the price fix of DRAM microchips which occurred since 1999.
February 2015: Samsung Acquires LoopPay
In February 2015, Samsung acquired LoopPay, a U.S.-based mobile payments firm, to enter the smartphone transaction market.
March 2015: Samsung Acquires YESCO Electronics
In March 2015, Samsung acquired YESCO Electronics, a U.S.-based manufacturer of LED displays.
June 2015: Hanhwa Techwin Take-Over Completed
In June 2015, the take-over of Hanhwa Techwin by Hanwha Group was completed, and it was later renamed Hanwha Techwin.
August 2015: SDI Began Using "21700" Cell Format
In August 2015, Samsung SDI began using the "21700" cell format.
2015: Most U.S. Patents Granted
In 2015, Samsung received more U.S. patents than any other company, totaling 7,679 utility patents through December 11.
2015: Complaints about child labor in Samsung's supply chain
Starting in 2012 and continuing to 2015, Samsung faced multiple complaints regarding the use of child labor within its supply chain.
2015: Audio Logo Discontinued
The Samsung audio logo was discontinued as of 2015.
July 2016: Release of video appearing to show Lee Kun-hee paying for sex acts
In July 2016, KCIJ-Newstapa released a video that appeared to show Samsung chairman Lee Kun-hee paying a group of prostitutes for sex acts.
July 2016: Samsung Unveils SamsungOne Font
In July 2016, Samsung unveiled its SamsungOne font, designed to provide a consistent visual identity across Samsung's product range.
August 2016: Galaxy Note 7 Release
On August 19, 2016, the Galaxy Note 7 smartphone went on sale.
September 2016: Suspension of Galaxy Note 7 Sales
In early September 2016, Samsung suspended sales of the Galaxy Note 7 and announced an informal recall due to battery defects causing fires and explosions.
October 2016: Samsung Acquires Viv
In October 2016, Samsung acquired Viv, an artificial intelligence company created by the developers of Apple's Siri.
October 2016: Worldwide Recall and Cessation of Galaxy Note 7 Production
In October 2016, after discovering that the replacement units also had the battery defect, Samsung recalled all Galaxy Note 7 smartphones worldwide on October 10 and permanently ceased production of the phone on October 11.
November 2016: Samsung Canada Acquires Rich Communication Services
In November 2016, Samsung Canada announced it had acquired Rich Communication Services, a company working on a new technology for text messaging.
2016: Samsung advertises Galaxy devices with water resistance claims
During 2016, Samsung advertised its Galaxy S7, S7 Edge, A5, A7, S8, S8 Plus and Note 8 devices as able to survive short immersion in water. This claim was later found to be misleading.
2016: Sale of Chemical Division to Lotte Corporation
In 2016, Samsung sold another chemical division to Lotte Corporation.
2016: Investigation into chaebol funding of pro-government demonstrations
In 2016, special prosecutors investigated the South Korean political scandal and announced that the Blue House received money from Samsung and other chaebols to fund pro-government demonstrations.
February 2017: Lee Jae-yong arrested for bribery and other charges
In February 2017, de facto Samsung leader Lee Jae-yong was arrested for bribery, embezzlement, hiding assets overseas, and perjury.
2017: Samsung Electronics, largest IT company
In 2017, Samsung Electronics was the world's largest information technology, consumer electronics maker, and chipmaker by revenue.
April 2018: Former CJ CheilJedang employee sentenced for blackmail and intimidation
On 12 April 2018, the Supreme Court of Korea sentenced a former employee of CJ CheilJedang to four years and six months in prison for blackmail and intimidation.
2018: Samsung advertises Galaxy devices with water resistance claims
Between 2016 and 2018, Samsung advertised its Galaxy S7, S7 Edge, A5, A7, S8, S8 Plus and Note 8 devices as able to survive short immersion in water. This claim was later found to be misleading.
2018: Inauguration of World's Largest Mobile Manufacturing Facility
In 2018, Samsung inaugurated the world's largest mobile manufacturing facility in Noida, India, with Indian Prime Minister Narendra Modi and South Korean President Moon Jae-in in attendance.
May 2020: Lee Jae-yong apologizes for union-busting scandals
On 6 May 2020, Samsung vice chairman Lee Jae-yong publicly apologized for the company's union-busting scandals.
2020: Accusation of Samsung's connection to forced Uyghur labor in Xinjiang
In 2020, the Australian Strategic Policy Institute accused Samsung of being among at least 82 major brands connected to forced Uyghur labor in Xinjiang.
2020: Death of Lee Kun-hee
Lee Kun-hee dies in 2020 after suffering a heart attack in 2014 and lapsing into a coma since then.
August 2021: Lee Jae-yong released early from prison
In August 2021, Lee Jae-yong was released early after serving 10 months of his sentence as part of South Korea's yearly tradition of clemency on Liberation Day.
August 2022: Lee Jae-yong receives a presidential pardon
In August 2022, Lee Jae-yong received a presidential pardon supported by 70% of the Korean public.
2022: Increase in Vietnamese suppliers in Samsung's global supply chain
By the end of 2022, the number of Vietnamese first- and second-tier suppliers in Samsung's global supply chain had increased tenfold from 25 businesses in 2014 to 257 businesses.
2022: Samsung fined in Australia for misleading water resistance claims
In 2022, Australia's competition and consumer commission fined Samsung AU$14 million for misleading water resistance claims for over 3.1 million smartphones.
2022: Samsung's export revenue to Vietnam reaches 65 billion USD
In 2022, Samsung's export revenue to Vietnam reached 65 billion USD, significantly contributing to Vietnam's total export value exceeding 732 billion USD, despite the impact of the COVID-19 pandemic.
2022: Samsung's Revenue Contribution to South Korea's GDP
In 2022, Samsung's revenue was equal to 22.4% of South Korea's $1.67 trillion GDP, highlighting the company's significant influence on the nation's economy.
2022: Top PCT filled patents
Samsung has been the top two applicant for PCT filled patents in 2022 and its revenue was equal to 22.4% of South Korea's $1.67 trillion GDP.
2023: Reduced Production of Memory Chips
In 2023, Samsung announced its decision to reduce the production of memory chips due to a projected 96% decline in quarterly operating profit. Despite this decision, the company's shares increased by more than 4%. Samsung was also among the top two applicants for PCT filled patents worldwide in 2023.
2023: Industrial Design Applications Submitted
In 2023, Samsung submitted 544 industrial design applications and the World Intellectual Property Organization (WIPO)'s Hague Yearly Review ranked them as 1st in the world in 2024.
2024: Samsung's Brand Value
In 2024, Samsung's brand value was ranked as the fifth-highest globally.
2024: WIPO Ranks Samsung #1 in Industrial Design Applications
In 2024, the World Intellectual Property Organization (WIPO)'s Hague Yearly Review ranked Samsung's number of industrial design applications filled under the Hague System as 1st in the world, with 544 industrial design applications submitted during 2023.
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