Samsung - Bigger Than You Know
Summary
TLDRThis video script delves into the expansive empire of Samsung, a conglomerate far beyond smartphones. It reveals Samsung's significant contribution to South Korea's GDP and its diverse ventures, from electronics to shipbuilding, insurance, and even aerospace. The script challenges the perception of Samsung as merely a smartphone manufacturer, showcasing its historical roots, government support, and its role in various industries, including construction of the world's tallest buildings and life insurance, emphasizing the company's unexpected breadth and depth.
Takeaways
- 📱 Samsung is widely known for its smartphones, especially the Samsung Galaxy series, which has sold hundreds of millions of units annually.
- 🏆 Despite briefly losing the top spot in mid-2020, Samsung quickly regained its position as the world's leading smartphone manufacturer.
- 🌐 Samsung Electronics is a part of the larger Samsung Group and has been ranked by Fortune as one of the largest companies globally, contributing significantly to South Korea's GDP.
- 💰 The company's annual sales are around 200 billion dollars, accounting for about an eighth of South Korea's GDP, highlighting its economic influence.
- 📈 Samsung's history dates back to 1938, starting as a dry goods store and expanding into various industries before entering electronics in 1969.
- 🔄 The term 'chaebol' describes Samsung's business model as a family-controlled industrial conglomerate, which has been instrumental in its rapid growth.
- 🛠️ Samsung Electronics comprises four divisions: consumer electronics, IT and mobile communications, device solutions, and Harman, which focuses on connected car systems.
- 🏭 Samsung Heavy Industries, established in 1974, specializes in shipbuilding and has constructed over 1200 vessels, including massive drill ships and cruise liners.
- 🏥 The Samsung Foundation operates the Samsung Medical Center, a hospital in Seoul, showcasing the company's involvement in healthcare.
- 🏢 Samsung Construction and Trading is involved in major construction projects, including the world's tallest buildings, bridges, tunnels, and infrastructure.
- 🚗 Samsung's diverse business ventures also include insurance, with Samsung Life Insurance being a significant player, ranking among Fortune's list of the world's 500 largest companies.
Q & A
What is the primary product that comes to most people's minds when they think of Samsung?
-Most people instantly think of Samsung's smartphones, specifically the Samsung Galaxy series, when they hear the name Samsung.
What was Samsung's position in terms of smartphone sales in 2020?
-Samsung briefly lost the number one spot in smartphone sales in the middle of 2020 but regained it the following quarter.
How does Samsung's annual sales compare to South Korea's GDP?
-Samsung's annual sales are around 200 billion dollars, which is about an eighth of South Korea's GDP of 1.6 trillion dollars.
What is the significance of the name 'Samsung' and its origin?
-The name 'Samsung' is Korean for 'three stars', which was also featured on their logos until the 1990s, symbolizing the predicted longevity of the business.
What was Samsung's initial business model before it ventured into electronics?
-Samsung initially operated as a dry goods store and also traded groceries internationally, buying from local producers and selling to China.
What was the first product Samsung Electronics released in the 1970s?
-Samsung Electronics released a black and white television as their first product in the early 1970s.
What is the term 'chaebol' and how does it relate to Samsung?
-Chaebol is a Korean term for a family-controlled industrial conglomerate. Samsung is the largest chaebol in South Korea and has significantly contributed to the country's economy.
How did the Korean government's policies post-Korean War influence Samsung's growth?
-The Korean government provided Samsung with favorable loans, tax breaks, and limited competition, which helped the company to grow and invest in various industries.
What are the four main divisions of Samsung Electronics?
-The four main divisions of Samsung Electronics are Consumer Electronics, Information Technology and Mobile Communications, Device Solutions, and HARMAN.
What is Samsung Heavy Industries known for producing?
-Samsung Heavy Industries is known for producing ships, including massive drill ships, carriers, tankers, and even cruise ships.
Which notable structures has Samsung Construction and Trading been involved in building?
-Samsung Construction and Trading has been involved in building the tallest buildings in the world, bridges, tunnels, roads, power plants, and skyscrapers.
What is the role of the Samsung Foundation and its connection to healthcare?
-The Samsung Foundation operates the Samsung Medical Center, a hospital in Seoul, South Korea, showcasing the company's involvement in the healthcare sector.
What was the significance of Samsung Aerospace in the 1980s?
-Samsung Aerospace manufactured jet engines, helicopters, and even fighter jets and tanks for the Korean military, as well as parts for the world's largest airplane manufacturer, Boeing.
How significant is Samsung Life Insurance in terms of revenue and global ranking?
-Samsung Life Insurance alone makes almost 30 billion dollars a year and consistently ranks on Fortune's list of the world's 500 largest companies.
Outlines
🌟 Samsung's Economic Dominance and Diversified Industries
The video script introduces Samsung as a company much larger than commonly perceived, often associated with smartphones like the Galaxy series. It highlights Samsung Electronics' consistent ranking among the world's largest companies by Fortune, with annual sales around 200 billion dollars. This South Korean company contributes significantly to the country's GDP, with its electronics division alone accounting for an eighth of it. The script also mentions the broader Samsung Group, which has an even more substantial impact on Korea's economy. The company's history dates back to 1938, initially as a dry goods store, and expanded into various industries, including commodities, textiles, insurance, and more, before establishing Samsung Electronics in 1969. The script discusses the role of the South Korean government in supporting Samsung's growth through favorable loans and tax breaks, which helped the company become a global leader in electronics and other industries.
🛠️ Samsung's Diverse Business Divisions and Global Impact
This paragraph delves into the various business divisions of Samsung Electronics, starting with consumer electronics, where Samsung has been the world's largest TV maker for over a decade. It also covers information technology and mobile communications, device solutions involving memory and displays, and the acquisition of Harman for connected car systems. The script then broadens to include other parts of the Samsung Group, such as Samsung Heavy Industries, known for shipbuilding, and the Samsung Foundation, which operates a hospital. Samsung's involvement in construction and trading, including building the world's tallest buildings, is also highlighted, along with its past ventures in aerospace and military vehicles. The paragraph concludes with Samsung Life Insurance, a significant player in the insurance industry. The script emphasizes the breadth and depth of Samsung's business operations, which extend far beyond consumer electronics and have a profound impact on various sectors globally.
📢 Engaging Audience Reflections on Samsung's Extensive Reach
The final paragraph invites audience engagement by reflecting on the surprising extent of Samsung's business operations. It encourages viewers to share their thoughts on Samsung's size and the Korean economy's reliance on the company. The script poses a question to the audience, asking if the presented information has changed their perception of Samsung and invites them to comment on the most surprising aspect of the company's diverse ventures. The call to action is aimed at sparking discussion and further exploration of Samsung's influence and the implications of its size.
Mindmap
Keywords
💡Samsung
💡Samsung Galaxy
💡Fortune Global 500
💡GDP (Gross Domestic Product)
💡Samsung Group
💡Chaebol
💡Samsung Electronics
💡Samsung Heavy Industries
💡Samsung Medical Center
💡Samsung C&T Corporation
💡Samsung Life Insurance
Highlights
Samsung's size is often underestimated, with its electronics division alone contributing significantly to South Korea's GDP.
Samsung Electronics consistently ranks among the largest companies globally, with annual sales around 200 billion dollars.
The company's impact on South Korea's economy is immense, with its electronics division accounting for an eighth of the country's GDP.
Samsung Group's overall contribution to Korea's GDP is as high as 20%, indicating an unusual reliance on a single company.
The company's origins date back to 1938, initially operating as a dry goods store and grocery trader.
Samsung's name and early logo featured three stars, symbolizing the company's intended longevity.
The company expanded into various industries post-Korean War, including commodities, textiles, and insurance.
Samsung Electronics was established in 1969, and by the end of the 1970s, became the world's top producer of black and white TVs.
The concept of 'chebul' or family-controlled industrial conglomerates played a key role in Samsung's rapid growth.
Government intervention and support were crucial in Samsung's expansion, including favorable loans and tax breaks.
Samsung Electronics comprises four divisions: Consumer Electronics, IT & Mobile Communications, Device Solutions, and Harman.
Samsung Heavy Industries, established in 1974, has built over 1200 ships, including massive drill ships and carriers.
The Samsung Foundation operates the Samsung Medical Center, a hospital in Seoul, showcasing the company's reach beyond electronics.
Samsung Construction and Trading is a major player in global infrastructure, having built the world's tallest building in 2010.
Samsung Aerospace, though defunct, once manufactured military vehicles such as fighter jets and tanks.
Samsung Life Insurance is a major player in the insurance industry, ranking among the world's largest companies.
The breadth of Samsung's business ventures is staggering, ranging from groceries to military vehicles.
The video challenges the perception of Samsung as merely a smartphone manufacturer, revealing its diverse and extensive business operations.
Transcripts
[Music]
i'm gonna go ahead and guess that
samsung is much larger than most people
realize
when i hear that name i instantly think
of cell phones specifically
the samsung galaxy it's probably the
case for most people watching this i'm
sure many of you
actually own one of them right now you
may be looking at a picture of a samsung
galaxy
on your samsung galaxy alright i'm
complicating this but they've been
selling hundreds of millions of them
every year more than
any other company it appears that they
did lose that number one spot in the
middle of 2020 but then quickly regained
it right back the next quarter
so here's my challenge for the day to
help prove that samsung is bigger than
you know
i'm going to talk about samsung for the
next 10 minutes or so
without even mentioning the thing for
which they are most
known simply put that was the last time
in this video you will hear the word
smartphone alright samsung electronics
has consistently been ranked by fortune
as one of the largest companies in the
world
their sales have been around 200 billion
dollars each year which
sounds crazy when i say it they're from
south korea and for the entire country
their gdp is something like 1.6 trillion
meaning this one company accounts for an
eighth of that
and as if that wasn't crazy enough
samsung electronics
is only one part of the much bigger
samsung
group when you combine it all together
they've been responsible for as much as
20
of korea's gdp let me know if there is
one but i'm not aware of any other
country where their economy is so
reliant on one company
so let's talk about everything that's
going on here samsung goes all the way
back to
1938 and actually existed for over 30
years before it had anything to do with
electronics it was started by
lieb young chill when he was 28 years
old their initial logo featured three
stars because stars were meant to last a
long time and it was meant to be
symbolic of the predicted longevity of
the business
the name samsung is actually korean for
three stars that were featured on all
their logos up until the 1990s
that initial business actually operated
as a dry goods store that would also
trade groceries
internationally he would buy noodles and
fish and vegetables from the growers and
producers around the area and sell them
to china it all proved to be successful
the korean war made things more
difficult but when it ended in 1953 he
took advantage of the opportunity
and expanded into all of these other
industries first it was commodities when
he built a sugar refinery that happened
to be the first of its kind that was
built in the country after the war
following that was textiles when he
opened the largest woolen mill in the
country
after that it was insurance a tv station
a department store
for these first 30 years they seemed to
be involved in everything
except electronics i mean they were
already generating over 100
million dollars in annual revenue before
what became samsung electronics company
even
existed in 1969 it was created as one of
the many parts of their business in the
early 1970s they put out this black and
white television as their first product
and by the end of the decade
they were the world's number one
producer of them i know everything's
happening so fast
and to try to explain how samsung became
so successful
so fast i think the best explanation
would be che
bulls that is a korean word that is
defined as a
family controlled industrial
conglomerate in south korea
samsung fits that definition perfectly
because they are the biggest one
see following the korean war the
country's economy was in some trouble
they weren't producing much and they
definitely weren't
exporting much then in 1963 there was
this new president
named park chung-hee who was very set on
expanding this economy
his main method of doing it was to try
to centralize everything i'm
oversimplifying it but he essentially
wanted to take the bigger businesses and
help make them bigger the idea is simple
enough if the companies grow so does
their economy
now samsung already being one of these
larger businesses
was tremendously helped by this
intervention the korean government would
help samsung they would be providing
them loans under favorable terms giving
them special tax breaks just a lot of
things that would ensure that they would
have money to keep investing and growing
their business
they would even go so far as to limit
their competition for example in the
1970s they said japan
can no longer sell consumer electronics
in korea
obviously taking those alternatives off
the market pushed the consumers towards
samsung
later in that decade when they started
making semiconductors the korean
government said that they would only
allow
international companies to enter their
market if they handed over some of their
technology secrets to samsung
to me anyway this is not exactly the
inspirational story that we typically
see on this channel but we can't deny
that the methods were successful in
growing samsung and the korean economy
in general but it may not have been the
best way to do it
like i said the country is now very
reliant on one company if stuff started
to go bad over at samsung i'd hate to
see what would happen to the rest of the
country
also if you're looking to start a small
business i do not recommend korea
the laws are obviously not in your favor
given that they've had such an unusual
yet strong push forward it makes sense
that they would have grown into one of
the largest companies in the world
so i want to show exactly how big they
are by taking a look at some of their
bigger
more impressive parts samsung
electronics is the core of their
business and
it consists of four separate divisions
the first one there is consumer
electronics they make televisions
monitors refrigerators
air conditioners any stuff that you have
in your home that you bought from
samsung
probably falls under this segment
they've actually been the world's
largest maker of televisions for over a
decade now so if you own a tv
there's a one in five chance that it
came from samsung
the next segment would be information
technology and mobile communications
which is most known for their laptops
and
something else that i promise not to
mention the third segment
is device solutions which has to do with
memory and displays
actually samsung has made quite a few of
the displays and chips that have gone
into iphones over the years so
there you go even if you buy an iphone
samsung is making money from it
the final division under samsung
electronics is harman it's a company
that they bought in 2017 for eight
billion dollars that deals mostly with
connected car systems and things like
that it was actually their biggest ever
acquisition which
really means something when it comes to
samsung alright that covers the
electronics but there are still some
major things that i've yet to mention
samsung heavy industries they started
shortly after the electronics in 1974
and believe it or not
specialize in making ships over the last
almost 50 years they've built over 1200
of them i'm talking about
massive drill ships carriers tankers
even cruise ships
on top of that they also make these big
cranes and they used to make
forklifts given that the average person
is not buying ships or really even
encountering them too often
this is probably a part of samsung that
you didn't know about
and i have more how about the samsung
foundation
this is a non-profit portion of the
company that owns and operates a
hospital
in seoul south korea called samsung
medical center
i'm just guessing that most people are
unaware that there is a samsung
medical center that just sounds strange
to me i guess to go along with that i
should also mention that samsung is also
closely tied to a university in korea as
far as major funding and sponsorships
another big one would be samsung
construction and trading
this right here to me anyway it may be
the most unexpected part
it's mainly a construction company that
makes buildings and infrastructure they
felt make some sizable
bridges tunnels roads power plants all
around the world
they even build skyscrapers it's in a
big way too
after i say this you're probably going
to want to leave and double check it but
believe me when i say it the tallest
building in the world
was actually built by samsung that was
in 2010 and to go even a step further
the building that it passed the one that
was the tallest building before that
was also built in part by samsung i'll
admit that this one is hard to follow
but
there is still more this one no longer
exists but it's definitely worth
mentioning
samsung aerospace in the 1980s they
manufactured jet engines and helicopters
and later went on to make fighter jets
and tanks for the korean military
they also had major deals in place to
supply parts to the world's largest
airplane manufacturer which
of course was boeing considering samsung
aerospace has not existed since the
1990s i won't say too much more about it
i just thought that you should know
samsung did in fact produce military
vehicles
okay the final thing i want to highlight
is samsung life insurance do you
remember when i said they started
providing insurance in the 1950s well
that has since evolved into samsung life
insurance as the name implies they
provide
life and health insurance but again it's
in a big way
this company alone samsung life
insurance without all the other stuff i
mentioned
makes almost 30 billion dollars a year
and because of that
it consistently ranks on fortune's list
of the world's 500
largest companies you know i think it'll
really drive this home if i summarize
all of this
by listing out all the things that i've
mentioned in this video that samsung
either currently provides or has
provided in the past
to make it fun i'm going to try to do it
in one breath so
here we go groceries sugar textiles
insurance a tv station a department
store television semiconductors monitors
refrigerators
air conditioners laptops cpu chips
displays connected car systems ships
cranes forklifts and medical center
university bridges tunnels roads power
plants skyscrapers helicopters jets and
tanks and you know the other thing that
took four tries by the way
and all of that is just the stuff that
i've selected that i felt would be more
significant or
unexpected there's also things like
washing machines they used to make
commercial vehicles they own a theme
park they have a multi-billion dollar
i.t
company it's too overwhelming do you
know how big a company has to be
to where all of this stuff doesn't even
make the main list i'm out of breath
i'm just gonna end it here let me know
in the comments have i proven my point
is samsung bigger than you thought it
was because i refuse to believe that the
average consumer realizes the extent of
this company
and i'd be curious to know what part of
all this did you find to be the most
surprising
and like i said this is far from
everything so if you happen to know
about anything else that we might find
interesting
please let us know and any other
thoughts you have about samsung their
ridiculous size or
even the korean economy leave them in
the comments i'd like to hear what you
have to say
thank you for watching
関連動画をさらに表示
5.0 / 5 (0 votes)