| Samsung Group 삼성그룹 |
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|---|---|
| Type | Public (KRXS: 005930, KRXS: 005935) |
| Founded | 1938 |
| Founder | Lee Byung-chul |
| Headquarters | |
| Key people | Lee Kun-hee: Former Chairman and CEO Lee Soo-bin: Acting president, CEO of Samsung Life Insurance[1] |
| Industry | Conglomerate |
| Revenue | ▲ $153. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc Korea Exchange (KRX was created through the integration of the three existing Korean spot & futures exchanges ( Korea Stock Exchange, Korea Futures Exchange and KOSDAQ Korea Stock Exchange was South Korea 's exchange established in 1956. Korea Exchange (KRX was created through the integration of the three existing Korean spot & futures exchanges ( Korea Stock Exchange, Korea Futures Exchange and KOSDAQ Korea Stock Exchange was South Korea 's exchange established in 1956. An entrepreneur is a person who has possession over a company enterprise, or Venture, and assumes significant accountability for the inherent risks and the outcome Lee Byung-chul ( February 12, 1910 &ndash November 19, 1987) was the founder of the Samsung Group. The Seocho Samsung Town is an office park in Gangnam-gu in Seoul, South Korea. Seoul ( soʊl is the Capital and largest City of South Korea. South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː Lee Kun-Hee (born January 9, 1942) was a former chairman of Samsung Electronics until he resigned on April 21st 2008 owing to Samsung Slush funds scandal A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator Lee Soo-bin is the CEO of Samsung Life Insurance. According to English language wire services he is "representing Samsung externally" after Samsung Group Samsung Life Insurance Co Ltd ( Hangul:삼성생명 is a South Korean Insurance company For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 2 billion[1] (2006) |
| Net income | ▲ $14. Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. 3 billion[2] (2006) |
| Total assets | ▲ $267. In Business and Accounting, assets are everything owned by a person or company (all tangible and intangible property that can be converted into cash. 4 billion[3] (2006) |
| Employees | 254,000[2] (2008) |
| Subsidiaries | Samsung Electronics, Samsung Heavy Industries, Samsung Engineering & Construction, etc. Employment is a Contract between two parties, one being the employer and the other being the employee. A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity Samsung Electronics (SEC Hangul:삼성전자,,,) is the world's largest Consumer electronics company headquartered in Seocho Samsung Town in Samsung Heavy Industries or SHI ( Korean: 삼성중공업 Hanja: 三星重工業 is one of the largest Shipbuilders in the world and one of the Samsung Engineering & Construction ( Hangul: 삼성건설 Hanja: 三星建設 is one of the world's leading Construction companies founded and established |
| Website | www.samsung.com |
The Samsung Group (Korean: 삼성그룹, Samseong Geurup) is South Korea's largest company or chaebol and the world's second largest conglomerate[3], leading several industries in the world. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages This article is mainly about the spoken Korean language See Hangul for details on the native Korean writing system South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː Chaebol (alternatively Jaebol, Jaebeol) refers to a South Korean form of business conglomerate. It is composed of numerous international businesses, all united under the Samsung brand, including Samsung Electronics, the world's largest electronics company[4], Samsung Heavy Industries, one of the world's largest shipbuilders and Samsung Engineering & Construction, a major global construction company. A business (also called firm or an enterprise) is a legally recognized organizational entity designed to provide goods and/or services to Samsung Electronics (SEC Hangul:삼성전자,,,) is the world's largest Consumer electronics company headquartered in Seocho Samsung Town in Electronics refers to the flow of charge (moving Electrons through Nonmetal conductors (mainly Semiconductors, whereas electrical Samsung Heavy Industries or SHI ( Korean: 삼성중공업 Hanja: 三星重工業 is one of the largest Shipbuilders in the world and one of the See also Shipbuilding (song. Shipbuilding is the construction of Ships It normally takes place in a specialized facility known as a Samsung Engineering & Construction ( Hangul: 삼성건설 Hanja: 三星建設 is one of the world's leading Construction companies founded and established These three multinationals form the core of Samsung Group and reflect its name - the meaning of the Korean word Samsung is "tristar" or "three stars". This article is mainly about the spoken Korean language See Hangul for details on the native Korean writing system
The Samsung brand is the best known South Korean brand in the world and in 2005, Samsung overtook Japanese rival Sony as the world's leading consumer electronics brand and became part of the top twenty global brands overall. South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː For a topic outline on this subject see List of basic Japan topics. is a multinational conglomerate corporation headquartered in Minato Tokyo, Japan, and one of the world's largest Media conglomerates with Consumer electronics include electronic equipment intended for everyday use [5] It is also the leader in many domestic industries, such as the financial, chemical, retail and entertainment industries. The field of finance refers to the concepts of Time, Money and Risk and how they are interrelated A chemical substance is a Material with a definite chemical composition. See also Entertainment (disambiguation and The Entertainer (disambiguation Entertainment is an activity designed to give people
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Samsung Group is South Korea's largest company and exporter and the world's second largest conglomerate, only behind the U.S. based General Electric. The United States of America —commonly referred to as the [6] Currently helmed by Lee Soo-bin, CEO of Samsung Life Insurance, it has been run by generations of one of the world's wealthiest families, formerly by chairman Lee Kun-Hee, the third son of the founder, Lee Byung-Chul. Lee Soo-bin is the CEO of Samsung Life Insurance. According to English language wire services he is "representing Samsung externally" after Samsung Group Samsung Life Insurance Co Ltd ( Hangul:삼성생명 is a South Korean Insurance company Lee Kun-Hee (born January 9, 1942) was a former chairman of Samsung Electronics until he resigned on April 21st 2008 owing to Samsung Slush funds scandal Lee Byung-chul ( February 12, 1910 &ndash November 19, 1987) was the founder of the Samsung Group. Samsung Group is recognized as the most prestigious firm in South Korea, attracting many of the country's most intelligent and talented pupils, with 25% of its employees having a PhD degree or equivalent. "PhD" redirects here for other uses see PhD (disambiguation. Samsung Group also owns the Sungkyunkwan University, a major private university in South Korea, with many of its graduates being employed by Samsung Group affiliates. Sungkyunkwan University is a private university in Seoul ( and Suwon, South Korea. South Korean Samsung employees are also highly loyal to the company, working for very long hours with no weekends or holidays until they retire.
Many major South Korean corporations such as CJ Corporation, Hansol Group, Shinsegae Group and Joong-Ang Ilbo daily newspaper were previously part of the Samsung Group, split apart by the government in order to reduce its power. CJ Corporation () is a South Korean corporation It changed its name from Cheil Jedang to CJ in 2002 Hansol is a South Korean conglomerate, or Chaebol. Its main operations are construction electronics tourism chemicals household interiors paper products Shinsegae (신세계 is a South Korean Department store franchise, along with several other businesses headquartering in Seoul, South Korea JoongAng Ilbo is a conservative newspaper published in Seoul, Korea. Many leading companies in South Korea, notably iriver, the No. iriver (formerly iRiver) is a brand and division of ReignCom, manufacturer of Digital audio players and other portable 1 MP3 Player maker in South Korea and Naver, the No. A digital audio player, more commonly referred to as an MP3 player, is a Consumer electronics device that stores organizes and plays audio files Some Naver ( Hangul: 네이버 is the most popular search portal in South Korea. 1 Search Engine portal in South Korea, were established by ex-Samsung employees. A large number of South Korean firms, particularly those in the electronics industry, are dependent on Samsung for the supply of vital components or raw materials such as semiconductor chips or LCD panels. Electronics refers to the flow of charge (moving Electrons through Nonmetal conductors (mainly Semiconductors, whereas electrical Consequently, Samsung is able to artificially moderate prices and has been criticised for handicapping other rivals, leading to bankruptcy of mid to small sized businesses as they cannot compete with Samsung. Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their Creditors Creditors may file a bankruptcy petition against As a result, many have been taken over by Samsung Group, leading to a complete dominance by Samsung Group in many industries.
Samsung Group accounts for more than 20% of South Korea's total exports, with strong government support, including the ability to access unlimited amount of funds from major banks in South Korea. In many domestic industries, Samsung Group is the sole monopoly dominating a single market, its revenue as large as some countries' total GDP. In 2006, Samsung Group would have been the 34th largest economy in the world if ranked, larger than that of Argentina. For a topic outline on this subject see List of basic Argentina topics. [7] The company owns or has taken over so many mid to small sized businesses that it is often called a 'colonial empire' or 'hungry dinosaur'. Samsung is known as "Another Family" (Korean: 또 하나의 가족) in South Korea and many Koreans are highly loyal to the Samsung brand, considering it a symbol of national pride. This article is mainly about the spoken Korean language See Hangul for details on the native Korean writing system Patriotism is commonly defined as love of and/or devotion to one's country The company has a powerful influence on the country's economic development, politics, media and culture, being a major driving force behind the Miracle on the Han River; many businesses today use its international success as a role model. " Miracle on the Han River " ( is a phrase used to describe the period of rapid economic growth that took place in South Korea from the 1961 coup of General
Lee Byung-Chul founded Samsung in 1938. Baseball is a Bat-and-ball Sport played between two teams of nine players each Microchipsjpg|right|thumb|200px|Microchips ( EPROM memory with a transparent window showing the integrated circuit inside Silver Nano ( Silver Nano Health System) is a Trademark name of an antibacterial technology which uses Silver Nanoparticles in A washing machine, or washer, is a machine designed to clean Laundry, such as Clothing, Towels and sheets The term is mostly applied Nanotechnology, sometimes shortened to nanotech, refers to a field of Applied science whose theme is the control of matter on an Atomic and Molecular Lee Byung-chul ( February 12, 1910 &ndash November 19, 1987) was the founder of the Samsung Group. It started as a small trading company with forty employees, located in Seoul. Seoul ( soʊl is the Capital and largest City of South Korea. The company did fairly well until the Communist invasion in 1950 which caused great damage to his inventories. He was forced to leave and start over in Suwon in 1951. Suwon ( Suwon-si) is the provincial capital of Gyeonggi-do, South Korea. In just a year, the company’s assets had grown twentyfold. In 1953, Lee created a sugar refinery—the South Korea’s first manufacturing facility after the Korean War. The Korean War refers to a period of military conflict between North Korean and South Korean regimes with major hostilities lasting from June 25 1950 until the “The company prospered under Lee’s philosophy of making Samsung the leader in each industry he entered” (Samsung Electronics). The company started moving into service businesses such as insurance, securities, and department store. In the early 1970s, Lee borrowed money from foreign companies to begin the mass communication industry by launching a radio and television station (Samsung Electronics).
South Korean President Park Chung-hee’s regime during the 1960s and 1970s, helped Samsung Electronics and many other Korean firms. Park Chung-hee ( November 14, 1917 – October 26, 1979) was a former ROK Army general and the autocratic dictator of the Republic Park put great importance in increasing economic growth and development, and assisted large, profitable companies, protecting them from competition and aiding financially as well. His government banned several exterior companies selling consumer electronics in South Korea. “To make up for a lack of technological expertise in South Korea, the South Korean government effectively required foreign telecommunications equipment manufacturers to hand over advanced semiconductor technology in return for access to the Korean market” (Samsung Electronics). This enormously helped Samsung to manufacture the first Korean dynamic random access memory chips. “Furthermore, although Samsung Electronics was free to invest in overseas companies, foreign investors were forbidden to buy into Samsung” (Samsung Electronics). Samsung quickly thrived in the domestic market.
Samsung Group later formed several electronics-related divisions, such as Samsung Electron Devices Co. , Samsung Electro-Mechanics Co. , Samsung Corning Co. , and Samsung Semiconductor & Telecommunications Co. , and grouped them together under Samsung Electronics Co. , Ltd. in 1980s. Its first product was a black-and-white television set (Samsung Electronics).
In the late 1980s and early 1990s, Samsung Electronics invested heavily in research and development, constructing the company as a leader in the global electronics industry. “By the 1980s Samsung was manufacturing, shipping, and selling a wide range of appliances and electronic products throughout the world” (Samsung Electronics). In 1982, it built a television assembly plant in Portugal; in 1984, it built a $25 million plant in New York; and in 1987, it built another $25 million facility in England (Samsung Electronics). England is a Country which is part of the United Kingdom. Its inhabitants account for more than 83% of the total UK population whilst its mainland
In 1993 and in order to change the strategy from the imitating cost-leader to the role of a differentiator, Lee Kun-hee, Lee Byung-chul’s successor, sold off ten of Samsung Group's subsidiaries, downsized the company, and merged other operations to concentrate on three industries: electronics, engineering, and chemicals (Samsung Electronics). Lee Kun-Hee (born January 9, 1942) was a former chairman of Samsung Electronics until he resigned on April 21st 2008 owing to Samsung Slush funds scandal Lee Byung-chul ( February 12, 1910 &ndash November 19, 1987) was the founder of the Samsung Group.
Samsung became the largest producer of memory chips in the world in 1992. In 1995, it built its first liquid-crystal display screen. Ten years later, Samsung grew to be the world's largest manufacturer of liquid-crystal display panels. Sony, which had not invested in LCDs, contacted Samsung to cooperate. is a multinational conglomerate corporation headquartered in Minato Tokyo, Japan, and one of the world's largest Media conglomerates with 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 Corporation ( Hangul: 에스 엘시디 Japanese: エス・エルシーディー is a joint venture between the Korean Samsung Electronics Co S-LCD is owned by Samsung and Sony 51% to 49% respectively and operates its factories and facilities in Tangjung, South Korea. S-LCD Corporation ( Hangul: 에스 엘시디 Japanese: エス・エルシーディー is a joint venture between the Korean Samsung Electronics Co
Samsung has also tried hard to improve its international image. It has spent more than $6 billion since 1998 on marketing, sponsoring the last five Olympics and erecting a large video sign in Times Square in 2002 (Lee kun-hee). Samsung is very involved in the Asian Games, contributing Samsung Nations Cup Riding Competition, Samsung Running Festival, Samsung World Championship, and still many more around the globe. (Samsung Electronics).
The 1990s saw Samsung rise as an international corporation. Not only did it acquire a number of businesses abroad, but also began leading the way in certain electronic components. Samsung's construction branch was awarded a contract to build one of the two Petronas Towers in Malaysia, Taipei 101 in Taiwan and the Burj Dubai in United Arab Emirates, which is the tallest structure ever constructed. Samsung Engineering & Construction ( Hangul: 삼성건설 Hanja: 三星建設 is one of the world's leading Construction companies founded and established The Petronas Twin Towers (also known as the Petronas Towers or Twin Towers) in Kuala Lumpur, Malaysia were the world's tallest buildings For the biogeographical region see Malesia Malaysia (məˈleɪʒə or /məˈleɪziə/ is a country that consists of thirteen states and Taipei 101 ( POJ: Tai-pak yat-leng-yat is a 101-floor Landmark Skyscraper located in Xinyi District, Taipei, Taiwan Taiwan ( Taiwanese: Tâi-oân/Tāi-oân (historically 大灣/台員/大員/台圓/大圓/台窩灣 is an Island in East Asia. Burj Dubai ( برج دبي "Dubai Tower" is a Skyscraper under construction in the Business Bay district of Dubai, United Arab In 1996, the Samsung Group reacquired the Sungkyunkwan University foundation. Sungkyunkwan University is a private university in Seoul ( and Suwon, South Korea.
Compared to other major Korean companies, Samsung survived the Asian financial crisis of 1997-98 relatively unharmed. The Asian Financial Crisis was a period of Financial crisis that gripped much of Asia beginning in July 1997 and raised fears of a worldwide economic meltdown ( However, Samsung Motor Co, a $5 billion venture was sold to Renault at a significant loss. Renault Samsung Motors is a South Korean Automobile manufacturer. This is about the company for other uses see Renault (disambiguation. Most importantly, Samsung Electronics (SEC) was officially spun-off from the Samsung Group and has since come to dominate the group and the worldwide semiconductor business, even surpassing worldwide leader Intel in investments for the 2005 fiscal year. Samsung Electronics (SEC Hangul:삼성전자,,,) is the world's largest Consumer electronics company headquartered in Seocho Samsung Town in Samsung's brand strength has greatly improved in the last few years.
Considered a strong competitor by its rivals, Samsung Electronics expanded production dramatically to become the world's largest manufacturer of DRAM chips, flash memory, optical storage drives and it aims to double sales and become the top manufacturer of 20 products globally by 2010. Flash memory is non-volatile computer memory that can be electrically erased and reprogrammed Optical storage is a term from Engineering referring to the storage of data on an optically readable medium It is now one of the world's leading manufacturers of liquid crystal displays and next generation mobile phones.
Samsung Electronics, which saw record profits and revenue in 2004 and 2005, overtook Sony as one of the world's most popular consumer electronics brands, and is now ranked #20 in the world overall. is a multinational conglomerate corporation headquartered in Minato Tokyo, Japan, and one of the world's largest Media conglomerates with
By late 2005, Samsung had a net worth of US$77. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been 6 billion.
Currently, Samsung has sixteen products that have dominated the world’s market share, including: DRAM, color cathode-ray tube TVs (CPT, CDT), SRAM, TFT-LCD glass substrates, TFT-LCD, STN-LCD, tuner, CDMA handset, color television (CTV), monitor, flash memory, LCD Driver IC (LDI), PDP module, PCB for handheld (mobile phone plates), Flame Retardant ABS, and Dimethyl Formamide (DMF).
Plus in the Television market, Samsung and LG make the only screens for LCD TFT televisions and then later sell them on to the other companies.
According to Interbrand and BusinessWeek, Samsung’s brand value ranked 43rd (USD 5. Interbrand, a division of Omnicom, is a branding consultancy Interbrand was founded in 1974 as Novamark by John Murphy, a former employee of Dunlop, in BusinessWeek is a business Magazine published by McGraw-Hill. 2billion) in 2000, 42nd (USD 6. 4 billion) in 2001, 34th (USD 8. 3 billion) in 2002, 25th (USD 10. 8 billion) in 2003, 21st (USD 12. 5 billion) in 2004, and 20th (14. 9 billion) in 2005 among top global companies.
In terms of export that directly contributes to the Korean economy, Samsung took up 18. 1% of the all exports with USD 31. 2 billion in 2000 and 20. 7% with USD 52. 7 billion in 2004. In addition, Samsung's tax payments to the Korean government in 2003 was KRW 6. 5 trillion, which is about 6. 3% of total tax revenue.
The market value of Samsung in 1997 reached KRW 7. 3 trillion in 1997, which amounted to 10. 3% of the Korean market but this figure increased to KRW 90. 8 trillion taking up 22. 4% in 2004.
Moreover, the annual net profit of Samsung marked KRW 5. 8 trillion in 2001, KRW 11. 7 trillion in 2002, KRW 7. 4 trillion in 2003, and KRW 15. 7 trillion in 2004, showing forth a steady increase.
In order to enhance the working environment and build a strong and trustworthy foundation, the semiconductor sector of Samsung Electronics has been conducting a ‘Great Workplace Program’ called GWP since 1998. Then, in 2003, GWP has spread throughout the entire Samsung Group as Samsung Fire and Marine Insurance, Samsung SDI, Samsung Everland, Samsung Corporation, Cheil Industries, Samsung Networks, and others started to apply its core principles. In 2006, 9 subsidiary companies of Samsung Electronics, 80 overseas branches, and 130 overseas business sectors have reported that they are actively applying the GWP.
Dramatic surge in Net Profits starting in the late 90's: $2. 2Bil (1999), $7. 3Bil (2000), $8. 9Bil (2002), $11. 8Bil (2004).
Samsung's Brand Value conducted by Interbrand of the world's top 100 brands: $6. 4Bil (2001), $8. 3Bil(2002), $10. 8Bil(2003), $12. 5Bil(2004), $14. 9Bil(2005).
Market Capitalization (Ratio to the total market value of all Korean listed stocks): A dramatic increase from 7. 3 trillion KRW, 10. 3% of the total national listing value in 1997. At the end of 2004 national listing value in 22. 4%.
Samsung's Annual Profits Growth: $4. 5Bil (2001), $8. 9Bil (2002), $5. 6Bil (2003), $11. 8Bil (2004) and Debt-to-Equity Ratio Decrease: 104% (2000), 78% (2001), 68% (2002), 56% (2003), 51% (2004).
The relations of Samsung companies are very complicated. According to the Financial Supervisory Service of South Korea, Samsung Everland owns 13. 3% of Samsung Life Insurance; Samsung Life Insurance holds 34. 5% of Samsung Card and 7. 2% of Samsung Electronics, as well as more of other Samsung companies; Samsung Electronics in turns keeps 46. 0% of Samsung Card and stocks of other Samsung companies; and finally, Samsung Card holds 25. 6% of Samsung Everland.
The family of Lee Kun-hee owns 40% of Samsung Everland, whilst Samsung Card holds 25. 6%, and related people have another 30%. Thus it is thought that Lee controls 95% of Samsung Everland. Control of one company, through the circular investment, enables the Lee family to control other Samsung companies despite having only relatively minor holdings.
Samsung owns the professional soccer club Suwon Samsung Bluewings, the baseball team Samsung Lions, the basketball team Seoul Samsung Thunders, the women's basketball team Samsung Bichumi, and the volleyball team Samsung Bluefangs in South Korea. Suwon Bluewings is a Korean football team based in Suwon. Founded in December 1995 they have become one of the Asian football's best clubs with a host Samsung Lions ( is a Korean professional Baseball team founded in 1982. Seoul Samsung Thunders ( Korean: 서울 삼성 썬더스 have been in the KBL (Korean Basketball League since its inception 10 years ago
Samsung signed the second biggest sponsorship deal in English football history with Premiership member Chelsea. Their five-year deal is estimated to be worth £50 million.
The company sponsors the rugby league team the Sydney Roosters in the Australian National Rugby League 1995-1997 2004-present. History See also History of rugby league The grass roots of rugby league can be traced to early football history, through the playing of ball games The Sydney Roosters is a professional Rugby league club based in the Eastern Suburbs of Sydney, Australia. It also sponsors the Melbourne Victory football club in the Australian A-League. Melbourne Victory Football Club is a football (soccer team in the Australian A-League based in Melbourne, Victoria. The A-League is the premier Australasian domestic Association football competition The deal with Victory is also believed to be the largest in Australian club football history.
Samsung is a sponsor of the April NASCAR Nextel Cup race at Texas Motor Speedway, the Samsung 500. The National Association for Stock Car Auto Racing ( NASCAR) is the largest sanctioning body of Stock cars in the United States. Texas Motor Speedway is a speedway located in the northernmost portion of the U The Samsung 500 is a NASCAR Sprint Cup Series race held at the Texas Motor Speedway in Fort Worth, Texas USA This sponsorship, initially with RadioShack from 2002-2006, was in doubt after the 2003 race because of NASCAR's ban on wireless telecommunication sponsors effective the 2004 season, but was grandfathered into the Nextel contract. RadioShack Corporation (formerly Tandy Corporation) (  is a chain of electronics retail stores in the United States, as well as parts of North America (Nextel uses exclusively Motorola equipment. ) However, after Sprint's merger with Nextel, the ban was rescinded for Samsung, because of Sprint's sale of Samsung products.
Samsung has been a Worldwide Olympic Partner since 1997 in the Wireless Communications category.
In April 2008 Samsung and Mexican soccer team Club Deportivo Guadalajara signed a sponsorship deal for six years where Samsung will provide 865 Plasma and LCD screens for the teams new stadium Estadio Chivas. Club Deportivo Guadalajara SA de CV, commonly known as Las Chivas ( The Goats) is a Mexican Association football team based in Guadalajara El Templo Mayor, in the JVC complex will be a multi-use venue that will be used mostly for football matches and will host the home matches of Club Deportivo Guadalajara Also Samsung will use the team's image to promote its products in the Mexican Market.
Samsung currently sponsors French People's Baseball Team.