Jump to content

Samsung C&T Corporation: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
No edit summary
Tags: Visual edit Mobile edit Mobile web edit
m →top: clean up
Line 13: Line 13:
| services = [[Construction]] and [[Civil Engineering]]
| services = [[Construction]] and [[Civil Engineering]]
| revenue = {{decrease}} [[South Korean won|KRW]] 30.22 trillion (2020)
| revenue = {{decrease}} [[South Korean won|KRW]] 30.22 trillion (2020)
<ref name="report">{{cite web|url=http:https://finance.naver.com/item/main.nhn?code=028260}}</ref>
<ref name="report">{{cite web|url=http://https://finance.naver.com/item/main.nhn?code=028260}}</ref>
| assets = {{increase}} [[South Korean won|KRW]] 54.33 trillón (2020)<ref name="report" />
| assets = {{increase}} [[South Korean won|KRW]] 54.33 trillón (2020)<ref name="report" />
| num_employees = 8,857 (2020)
| num_employees = 8,857 (2020)
Line 24: Line 24:
}}
}}


'''Samsung C&T Corporation''' (Construction & Trading Corporation) (formerly '''Samsung Corporation''') ([[Korean language|Korean]]: 삼성물산), was founded in 1938 as a parent company of [[Samsung|Samsung Group]] to engage in construction and overseas trading operations. Since 1995, it has been largely focused on global engineering and construction projects, trade and investments, fashion and real estate. The corporation is governed by an 11-member Board of Directors, made up of the President and CEOs of its four working groups (Engineering & Construction, Trading & Investment, Fashion, and Resort), the corporation's CFO, and six independent members.<ref>{{Cite web|url=https://terms.naver.com/entry.nhn?docId=649961&cid=43167&categoryId=43167|archive-url=https://web.archive.org/web/20190327065218/https://terms.naver.com/entry.nhn?docId=649961&cid=43167&categoryId=43167|url-status=dead|archive-date=2019-03-27|title=Samsung C&T Corporation, Naver Institutional Group Dictionary: Corporate|website=goodmorningmedia}}</ref> Samsung C&T employs over 17,000 people. The firm is often regarded as the holding company of [[Samsung]] ''chaebol'' as it is a major shareholder of various Samsung affiliates.
'''Samsung C&T Corporation''' (Construction & Trading Corporation) (formerly '''Samsung Corporation''') ([[Korean language|Korean]]: 삼성물산), was founded in 1938 as a parent company of [[Samsung|Samsung Group]] to engage in construction and overseas trading operations. Since 1995, it has been largely focused on global engineering and construction projects, trade and investments, fashion and real estate. The corporation is governed by an 11-member Board of Directors, made up of the President and CEOs of its four working groups (Engineering & Construction, Trading & Investment, Fashion, and Resort), the corporation's CFO, and six independent members.<ref>{{Cite web|url=https://terms.naver.com/entry.nhn?docId=649961&cid=43167&categoryId=43167|archive-url=https://web.archive.org/web/20190327065218/https://terms.naver.com/entry.nhn?docId=649961&cid=43167&categoryId=43167|url-status=dead|archive-date=2019-03-27|title=Samsung C&T Corporation, Naver Institutional Group Dictionary: Corporate|website=goodmorningmedia}}</ref> Samsung C&T employs over 17,000 people. The firm is often regarded as the holding company of [[Samsung]] ''chaebol'' as it is a major shareholder of various Samsung affiliates.


== History ==
== History ==

Revision as of 23:59, 30 July 2021

Samsung C&T Corporation
삼성물산
Native name
삼성물산 (三星物産)
Company typePublic
KRX: 028260
IndustryConstruction
Trading company
Fashion
Resort
Founded1938; 87 years ago (1938)
FounderLee Byung-chul
HeadquartersSamsung C&T Corporation 123, Olympic-ro 35-gil, Songpa-gu, Seoul, 05510, Republic of Korea
Key people
Choi Chi-Hun, President & (Executive Chairman of the Board of Samsung C&T Corporation)
Young Ho Lee, President & CEO (Engineering & Construction Group)
Jung Suk Koh, President & CEO (Trading & Investment Group)
Keum Yong Chung, Executive Vice President & CEO (Resort Group)
ServicesConstruction and Civil Engineering
RevenueDecrease KRW 30.22 trillion (2020) [1]
Increase KRW 1.16 tillion (2020)[1]
Total assetsIncrease KRW 54.33 trillón (2020)[1]
OwnersEstate of Jay Y. Lee (33.7%)[2]
Samsung C&T (13%)[2]
KCC Corporation (9.1%)[2]
National Pension Service (7.59%)[2]
Number of employees
8,857 (2020)
ParentSamsung
Websitewww.samsungcnt.com

Samsung C&T Corporation (Construction & Trading Corporation) (formerly Samsung Corporation) (Korean: 삼성물산), was founded in 1938 as a parent company of Samsung Group to engage in construction and overseas trading operations. Since 1995, it has been largely focused on global engineering and construction projects, trade and investments, fashion and real estate. The corporation is governed by an 11-member Board of Directors, made up of the President and CEOs of its four working groups (Engineering & Construction, Trading & Investment, Fashion, and Resort), the corporation's CFO, and six independent members.[3] Samsung C&T employs over 17,000 people. The firm is often regarded as the holding company of Samsung chaebol as it is a major shareholder of various Samsung affiliates.

History

In 1975, Samsung C&T was designated by the Korean government as the first general trading company to lead overseas sales operations.[4] After the company merged with Samsung Construction in December 1995, Samsung C&T began engaging in global business with offices in more than 50 countries.

In September 2015, Samsung C&T merged with Cheil Industries, a Korean textile firm prominent in the fashion industry that was originally acquired by Samsung Everland in December 2013.[5] The resulting Samsung C&T focuses on fashion, food, housing, leisure, and bio businesses with its Engineering & Construction, Trading & Investment, Fashion and Resort & Construction Groups. The merger has established a third pillar for the Samsung Group, adding to its electronics and financial services.

Engineering & Construction Group

Samsung C&T Engineering & Construction Group specializes in engineering, procurement, and construction.

Building Projects

Engineering & Construction Group of Samsung C&T is best known for its role in notable skyscraper projects, including the 828-meter Burj Khalifa in Dubai,[6] the Petronas Towers and PNB 118 in Malaysia,[7] and the Saudi Stock Exchange Tadawul Tower in Saudi Arabia. The group is also known for building the Cleveland Clinic in Abu Dhabi,[8] as well as Korea's Incheon International Airport,.[9] Giheung Semiconductor Complex, and Raemian Apartment Complexes.[10] The construction of the third terminal of Shahjalal International Airport of Dhaka will be done by Aviation Dhaka Consortium (ADC) consisting Mitsubishi Corporation, Fujita Corporation and the Samsung C&T.[11]

Civil Projects

Civil projects by Samsung C&T's Civil Infrastructure Business Unit include construction of roads, bridges, tunnels, ports, subways, and dams. Some of its most notable projects include the Mersey Gateway in the United Kingdom,[12] the Riyadh Metro in Saudi Arabia,[13] and the Busan Newport in South Korea.

Power Plants

Samsung C&T's Plant Business Unit has been involved in the construction of modern power plants—both conventional and nuclear. Its past projects include the UAE Nuclear Power Complex and Emal Power Plant,[14] as well as the LNG Terminal in Singapore.[15][16]

Trading & Investment Group

Samsung C&T's Trading & Investment Group focuses on trading industrial commodities such as chemicals, steel, and natural resources, and organizes projects such as Samsung Renewable Energy (a wind/solar power cluster), the Balkhash Thermal Power Plant,Cite error: A <ref> tag is missing the closing </ref> (see the help page). After fifty years, the Resort Group's value chain extends from construction and energy to landscaping projects. Samsung Welstory, which has grown to become the largest catering service company in Korea since the service began in 1982, has operated as a separate entity since 2013.


References

  1. ^ a b c http://https://finance.naver.com/item/main.nhn?code=028260. {{cite web}}: Check |url= value (help); Missing or empty |title= (help)
  2. ^ a b c d Cite error: The named reference https://comp.wisereport.co.kr/company/c1070001.aspx?cmp_cd=028260&cn= was invoked but never defined (see the help page).
  3. ^ "Samsung C&T Corporation, Naver Institutional Group Dictionary: Corporate". goodmorningmedia. Archived from the original on 2019-03-27.
  4. ^ "Samsung C&T Clinches Large Commercial and Residential Project in Malaysia". News World. News World. Retrieved 29 November 2014.
  5. ^ Choi Kyong-ae. "New Samsung C&T to be launched today". Korea Times. Korea Times. Retrieved 31 August 2015.
  6. ^ Jung Yeon-jin. "Advancement of Tall Buildings Samsung C&T Vice bbbbb President Ahmad Abdelrazaq Receives Engineering Award". Business Korea. Business Korea. Archived from the original on 8 December 2015. Retrieved 2 April 2015.
  7. ^ "Petronas Towers". Archi Team. Archi Travel. Retrieved 1 January 2015.
  8. ^ "New Abu Dhabi hospital to receive first patients in 2015". Arabian Business. Arabian Business. Retrieved 19 July 2014.
  9. ^ "Samsung C&T Corporation's vice president, head of strategic development, Kwan Young Chung, talks to Airport World about Incheon International Airport and his company's aviation investment strategy". Airport World. Airport World. Retrieved 8 August 2013.
  10. ^ Choi Kyong-ae. "Gileum Raemian to go on sale this month". Korea Times. Korea Times. Retrieved 26 October 2015.
  11. ^ Karim, Rejaul; Hasan, Rashidul (7 November 2019). "Shahjalal Int'l Airport: Third terminal now to cost 40pc more". The Daily Star. Retrieved 28 December 2019.
  12. ^ "Merseylink | The Mersey Gateway Project".
  13. ^ "South Korea's Samsung C&T wins $2bn Riyadh Metro order in KSA". Reuters. Al Arabiya. Retrieved 30 July 2013.
  14. ^ "Samsung C&T completes Emal power plant". Construction Week. Construction Week. Retrieved 1 March 2015.
  15. ^ "SAMSUNG C&T CORPORATION AWARDED EPC CONTRACT FOR PHASE 3 EXPANSION OF SINGAPORE LNG TERMINAL". Singapore LNG Corporation. Archived from the original on 26 October 2015. Retrieved 27 August 2014.
  16. ^ "Samsung C&T Corporation | Asia Outlook Magazine". Asia Outlook Magazine. Retrieved 2017-05-29.
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Samsung_C%26T_Corporation&oldid=1036344737"