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SAMSUNG ELECTRONICS Co., Ltd.2019 Business ReportFor the year ended December 31, 2019Certain statements in the document, other than purely historical information, including estimates, projections, statements relating to our businessplans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.”Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actualresults to differ materially from the forward-looking statements. A detailed discussion of risks and uncer tainties that could cause actual results andevents to differ materially from such forward-looking statements is included in our financial reports available on our website.See, also, 『Note on Forward-Looking Statements』 in preamble of 『II. Business Overview』.Sam sung Electronics Business Report1 / 261
Table of ContentsCertification.3I. Corporate Overview .4II. Businesses Overview .25III. Financial Affairs.67IV. Management Discussion and Analysis .169V. Auditor’s Report .183VI. Corporate Governance .187VII. Information on Shareholders.204VIII. Executives and Employees.210IX. Affiliates and Subsidiaries .221X. Related Party Transactions.249XI. Other Information.253Samsung Electronics Business Report2 / 261
CertificationLetter of CertificationWe, Ki-nam Kim and Yoon-ho Choi, as CEO and executive of the company in charge of reporting, certify thatwe have reviewed the annual business report of Samsung Electronics Co., Ltd. for the year ended December 31,2019.Based on our knowledge, this report does not contain any untrue statements of material facts or omit anymaterial facts; and it does not contain any statements that are intentionally misleading.Based on our knowledge, the financial statements, and other financial information included in the report, arefairly presented in all materials and respect the financial condition, results of operations, and cash flows of thecompany as of, and for, the periods presented in this report.We confirm that Samsung Electronics operates the Internal Controls over Financial Reporting, as defined inArticle 8 of the Act on External Audit of Stock Companies.Date:Mar 30, 2020Sam sung Electronics Business Report3 / 261
I. Corporate Overview1. OverviewA. Legal, commercial name:- Samsung Electronics Co., Ltd.B. Date of establishment:- Samsung Electronics Co., Ltd. (“SEC” or “the Company”) was established as Samsung Electronics Industry Co., Ltd.on January 13, 1969, and held an initial public offering on June 11, 1975.- SEC changed its name from Samsung Electronics Industry Co., Ltd. to Samsung Electronics Co., Ltd. following aresolution passed at the Annual General Meeting (AGM) of shareholders on February 28, 1984.C. Address, phone number, and English language website of the corporate headquarter- Address: 129, Samsung-ro, Yeongtong-gu, Suwon, Gyeonggi-do, Korea- Phone Number: 82-31-200-1114- Website: https:// www.samsung.com/secD. The Company is not subject to Article 2 of the Framework Act on Small and Medium Enterprises.E. Core businesses- The Company (defined below) consists of business divisions that operate independently: CE (Consumer Electronics);IM (Information Technology & Mobile Communications); DS (Device Solutions); and Harman (Harman InternationalIndustries, Inc. and its subsidiaries), which produces automotive electronics components.Products in each Division are presented below:DivisionProductsCETVs, monitors, refrigerators, washing machines, air conditioners, etc.IMHHPs, network systems, computers, etc.DSDRAM, NAND flash, mobile APs, OLED smartphone panels, LCD TV panels, etc.HarmanHead units, infotainment systems, telematics, speakers, etc.SEC is a global electronics firm comprised of the headquarters in Korea and 240 subsidiaries (collectively, “SamsungElectronics” or the “Company”) across the world, including 9 regional headquarters for the CE and IM Divisions, 5regional headquarters for the DS Division, and Harman’s subsidiaries.[CE Division]The CE Division is leading the global digital era by continuously offering new products featuring innovative technology,unique designs, and enhanced value propositions.TV is the core product of CE. The Company has maintained its position as the market leader for 14 consecutive years byleveraging competitive advantages in hardware such as LCD/LED TVs as well as software driven product features withinour Smart TV product portfolio. We will continue to expand our market leadership based on our competitive edge in thepremium segment through our 8K QLED and ultra-large products to name a few.Sam sung Electronics Business Report4 / 261
[IM Division]The IM Division operates the Mobile Communication Business, which produces and sells smart mobile devices such assmartphones, tablets, wearables, etc. For smartphones, a key product of the business, we have developed a lineup rangingfrom low-end right through to premium models, and have achieved growth in both advanced and emerging markets withthe Galaxy series.We will lead growth of the smartphone market and deliver exceptional user experiences by: 1) offering innovativehardware features such as new form factors (based on flexible OLED technology), high-definition cameras, biometricsensors, and battery charger technologies; 2) improving software capabilities of mobile payment service Samsung Pay andAI platform Bixby; and 3) investing in future growth drivers such as Cloud, IoT, healthcare, AR, and VR. At the sametime, we will lead the global 5G market based on our end-to-end solutions, which encompass handsets, chipsets, as well asour commercialization experience in initial 5G markets.[DS Division]The Memory Business, System LSI Business, Foundry Business, and Display Panel (“DP”) Business make up the DSDivision. The Memory Business manufactures and sells DRAM and NAND products; the System LSI Business designsand sells mobile application processors (“mobile APs” or “APs”) and camera sensor chips; the Foundry Business is incharge of consignment production of semiconductors; and the DP Business manufactures and sells display panels.The Company constantly works to increase its influence on end-product manufacturers and create new demand throughtechnological breakthroughs and the development of high quality components as it has done with APs—which serve as thebrains of mobile products—and with memory components like DRAM via enhanced capacity and density.The Memory Business has maintained its position at the top of the global memory market by sustaining costcompetitiveness and applying the latest advanced process technology in each technological iteration. The System LSIBusiness has not been complacent, expanding its focus from mobile to include automotive chips, and will stay at theforefront of the market by offering differentiated products such as APs and CISs and strengthening competitiveness via itsadvanced manufacturing process technology. In 1H19, the Foundry Business introduced the world’s first 7-nano productmanufactured with EUV technology. Leveraging its capabilities, the business will gain market leadership by developingnext-generation technologies such as 4- and 5-nano EUV processes and the 3-nano GAA (gate all around) process in 2020.We are expanding the business by diversifying our product portfolio, which includes CISs, DDIs, and PMICs.In the Display division, the Company and its mobile panel business’s differentiated technology is a main factor behind theincreased adoption of OLED panels, while its release of products in new applications—such as foldable devices, laptops,and automotives—has expanded the overall market. Meanwhile, the large panel business is focusing on premium productssuch as high-definition, ultra-large, QD TVs and is enhancing its competitiveness through continuous improvements intechnology and productivity.[Harman Division]Harman designs and develops connected products and solutions for automakers, consumers, and companies worldwideand is a global leader in the market for connected car systems, audio and visual products, professional solutions, andconnected services. Harman has established an internationally renowned brand and employs both internal developmentand strategic acquisitions to expand its lineup of quality products. See 『II. Businesses Overview』, for more details about each Division.Sam sung Electronics Business Report5 / 261
F. AffiliatesSEC is an affiliate of the Samsung Group as defined under Korea’s Monopoly Regulation and Fair Trade Act (“SamsungGroup”).As of December 31, 2019, the Samsung Group had a total of 60 domestic affiliates following a reduction of 2 affiliates—Saengbo Real Estate Trust Co., Ltd and Red Bend Software Inc.—since December 31, 2018. Among the SamsungGroup’s domestic affiliates, 16 affiliates (including Samsung Electronics) are listed and 44 are unlisted.[As of Dec 31, 2019]TypeNumberAffiliateSamsung C&T; Samsung Electronics; Samsung SDI; Samsung Electro-Mechanics (Semco); Samsung Fire & MarineListed16Insurance; Samsung Heavy Industries; Samsung Life Insurance; Multicampus; Samsung Securities; Samsung SDS;Samsung Card; Samsung Engineering; S1; Cheil Worldwide; Hotel Shilla; Samsung BiologicsSeoul Lakeside CC; Samwoo Architects & Engineers; CVnet Corporation; Samsung Bioepis; Samsung Display; SamsungCorning Advanced Glass; SU Materials; STECO; SEMES; Samsung Electronics Service; Samsung Electronics Sales;Samsung Electronics Logitech; Suwon Samsung Bluewings FC; Samsung Medison; Samsung Claim Adjustment Service;Samsung Fire & Marine Insurance Service; Samsung Fire & Marine Insurance Financial Service; Samsung ElectronicsUnlisted44Service CS; Samsung Futures; Samsung Asset Management; Samsung Life Service; Samsung SRA Asset Management;Samsung Life Financial Service; SD Flex; Cheil Fashion Retail Co., Ltd.; Natural9*; Samsung Welstory; SECUI; STM; SCore; OpenHands; Miracom; Samsung Card Customer Service; Human TSS; S-1CRM; Shilla Stay; HDC Shilla Duty FreeLtd; Samsung Economic Research Institute (SERI); Samsung Lions; Samsung Venture Investment Corporation; SamsungActive Asset Management; Samsung Hedge Asset Management; Harman International Korea; SBTMTotal60Note: *Liquidated in December 2019 and was no longer an affiliate as of January 2020. See 『IX. Affiliates and Subsidiaries』 for more details about domestic and overseas affiliates.Sam sung Electronics Business Report6 / 261
G. Subsidiaries subject to consolidated financial statementsAs of December 31, 2019, Samsung Electronics’ consolidated subsidiaries numbered 240 with the addition of 8subsidiaries and reduction of 20 subsidiaries when compared to totals as of December 31, 2018. Below is the list ofconsolidated subsidiaries.(KRW mil)SubsidiaryDateestablishedMajor businessAssets asof Dec 31,2019OwnershipClassifiedas majorsubsidiary(Y/N)34,704,039Ov er 50%Y198,668Ov er 50%YSamsung Electronics America Inc. (SEA)Jul 1978Electronic goods salesNeuroLogica Corp.Feb 2004Medical equipmentDacor Holdings, Inc.Dec 1998Holding company70,283Ov er 50%NDacor, Inc.Mar 1965Home appliance production and sales70,214Ov er 50%NDacor Canada Co.Jun 2001Home appliance sales9Ov er 50%NEv erythingDacor.com, Inc.Jun 2006Home appliance sales0Ov er 50%NDistinctiv e Appliances of California, Inc.Jun 2014Home appliance sales0Ov er 50%NSamsung HVAC America, LLCJul 2001Air conditioner sales53,411Ov er 50%NSmartThings, Inc.Apr 2012Smart-home-device sales188,239Ov er 50%YSamsung Oak Holdings, Inc. (SHI)Jun 2016Holding company396,858Ov er 50%YStellus Technologies, Inc.Nov 2015Semiconductor system production and sales22,442Ov er 50%NJoy ent, Inc.Mar 2005Cloud serv ices208,093Ov er 50%YPrismv iew, LLCOct 2007LED display panel production and sales91,430Ov er 50%YSamsung Research America, Inc. (SRA)Oct 1988R&D807,624Ov er 50%YSamsung Next LLC (SNX)Aug 2016Holding company115,785Ov er 50%YSamsung Next Fund LLC (SNXF)Aug 2016Venture firm and new technology investments125,312Ov er 50%YViv Labs, Inc.Sep 2012Artificial Intelligence serv ices281,556Ov er 50%YSamsung Semiconductor Inc. (SSI)Jul 1983Semiconductor and display panel sales9,194,190Ov er 50%YSamsung Austin Semiconductor LLC. (SAS)Feb 1996Semiconductor production6,437,865Ov er 50%YSamsung International Inc. (SII)Oct 1983TV and monitor production1,191,534Ov er 50%YSamsung Mexicana S.A. de C.V (SAMEX)Mar 1988Electronic goods production55,259Ov er 50%NSamsung Electronics Home Appliances America, LLC (SEHA)Aug 2017Home appliance production663,997Ov er 50%YSEMES America, Inc.Oct 1998Semiconductor equipment1,731Ov er 50%NZhilabs Inc.Feb 2017Netw ork solution sales174Ov er 50%NSamsung Electronics Canada, Inc. (SECA)Jul 1980Electronic goods sales1,396,008Ov er 50%YAdGear Technologies Inc.Aug 2010Digital adv ertising platform34,696Ov er 50%NSigMast Communic ations Inc.Jul 2009Tex t messaging service development4,933Ov er 50%NSamsung Electronics Mexico S.A. De C.V. (SEM)Jul 1995Electronic goods sales1,250,456Ov er 50%YSamsung Electronics Digital Appliance Mexico, SA de CV(SEDAM)Dec 2012Electronic goods production521,891Ov er 50%YSamsung Electronics Latinoamerica Miami, Inc. (SEMI)May 1995Electronic goods sales350,117Ov er 50%YSam sung Electronics Business Report7 / 261
Samsung Electronics Latinoamerica (Zona Libre)(SELA)Apr 1989Electronic goods sales487,605Ov er 50%YSamsung Electronics Venezuela, C.A. (SEVEN)May 2010Marketing and services91Ov er 50%NSamsung Electronica Colombia S.A. (SAMCOL)Mar 1997Electronic goods sales567,003Ov er 50%YSamsung Electronics Panama. S.A. (SEPA)Jul 2012Consulting1,981Ov er 50%NSamsung Electronica da Amazonia Ltda. (SEDA)Jan 1995Electronic goods production and sales7,058,719Ov er 50%YSamsung Electronics Argentina S.A. (SEASA)Jun 1996Marketing and services46,405Ov er 50%NSamsung Electronics Chile Limitada (SECH)Dec 2002Electronic goods sales497,328Ov er 50%YSamsung Electronics Peru S.A.C. (SEPR)Apr 2010Electronic goods sales310,900Ov er 50%YHarman International Industries, Inc.Jan 1980Holding company15,780,810Ov er 50%YHarman Becker Automotive Systems, Inc.Jun 1981Audio product R&D, production, and sales4,389,303Ov er 50%YHarman Connected Services, Inc.Feb 2002Connected service provider2,081,187Ov er 50%YHarman Connected Services Engineering Corp.Sep 2004Connected service provider620Ov er 50%NHarman Connected Services South America S.R.L.Apr 2015Connected service provider0Ov er 50%NHarman da Amazonia Industria Eletronica e Participacoes Ltda.Jul 2005Audio product production and sales53,652Ov er 50%NHarman de Mex ico S. de R.L. de C.V.Feb 1997Audio product production107,312Ov er 50%YHarman do Brasil Industria Eletronica e Participacoes Ltda.Nov 1958Audio product R&D and sales253,503Ov er 50%YHarman Financial Group, LLCJun 2004Management company654,120Ov er 50%YHarman International Industries Canada Ltd.May 2005Audio product sales78Ov er 50%NHarman International Mex ico, S. de R.L. de C.V.Dec 2014Audio product sales28,262Ov er 50%NHarman KG Holding, LLCMar 2009Holding company0Ov er 50%NHarman Professional, Inc.Jul 2006Audio product R&D and sales1,097,748Ov er 50%YRT SV Co-Inv est, LPFeb 2014Venture firm inv estments12,220Ov er 50%NBeijing Integrated Circuit Industry International Fund, L.PDec 2014Inv estment in v enture firms27,097Ov er 50%NChina Materialia New Materials 2016 Limited PartnershipSep 2017Inv estment in v enture firms3,391Ov er 50%NSamsung Electronics (UK) Ltd. (SEUK)Jul 1995Electronic goods sales2,644,358Ov er 50%YSamsung Electronics (London) Ltd. (SEL)Jan 1999Holding company6,672Ov er 50%NSamsung Electronics Holding GmbH (SEHG)Feb 1982Holding company844,742Ov er 50%YSamsung Semiconductor Europe GmbH (SSEG)Dec 1987Semiconductor and display panel sales853,543Ov er 50%YSamsung Electronics GmbH (SEG)Dec 1984Electronic goods sales2,258,269Ov er 50%YSamsung Electronics Iberia, S.A. (SESA)Jan 1989Electronic goods sales1,117,384Ov er 50%YSamsung Electronics France S.A.S (SEF)Jan 1988Electronic goods sales1,738,061Ov er 50%YSamsung Electronics Hungarian Private Co. Ltd. (SEH)Oct 1989Electronic goods production and sales2,109,654Ov er 50%YSamsung Electronics Czech and Slovak s.r.o. (SECZ)Jan 2010Electronic goods sales244,072Ov er 50%YSamsung Electronics Italia S.P.A. (SEI)Apr 1991Electronic goods sales1,310,500Ov er 50%YSamsung Electronics Europe Logistics B.V. (SELS)May 1991Logistics2,027,213Ov er 50%YSamsung Electronics Benelux B.V. (SEBN)Jul 1995Electronic goods sales1,914,864Ov er 50%YSamsung Display Slovakia s.r.o. (SDSK)Mar 2007Display panel processing50,097Ov er 50%NSam sung Electronics Business Report8 / 261
Samsung Electronics Romania LLC (SEROM)Sep 2007Electronic goods sales290,743Ov er 50%YSamsung Electronics Polska, SP.Zo.o (SEPOL)Apr 1996Electronic goods sales909,905Ov er 50%YSamsung Electronics Portuguesa S.A. (SEP)Sep 1982Electronic goods sales212,856Ov er 50%YSamsung Electronics Nordic Aktiebolag (SENA)Mar 1992Electronic goods sales1,246,502Ov er 50%YSamsung Semiconductor Europe Limited (SSEL)Apr 1997Semiconductor and display panel sales93,207Ov er 50%YSamsung Electronics Austria GmbH(SEAG)Jan 2002Electronic goods sales423,105Ov er 50%YSamsung Electronics Switzerland GmbH(SESG)May 2013Electronic goods sales296,054Ov er 50%YSamsung Electronics Slovakia s.r.o (SESK)Jun 2002TV and monitor production1,324,355Ov er 50%YSamsung Electronics Baltics SIA(SEB)Oct 2001Electronic goods sales136,426Ov er 50%YSamsung Electronics Europe Holding Cooperatief U.A. (SEEH)Oct 2008Holding company10,682,847Ov er 50%YSamsung Electronics Poland Manufacturing SP.Zo.o (SEPM)Feb 2010Home appliance production423,582Ov er 50%YSamsung Electronics Greece SMSA. (SEGR)(Formerly Samsung Electronics Greece S.A.)Apr 2010Electronic goods sales98,718Ov er 50%YSamsung Electronics Air Conditioner Europe B.V. (SEACE)Apr 2017Air conditioner sales101,114Ov er 50%YSamsung Nanoradio Design Center (SNDC)Feb 2004R&D27,519Ov er 50%NSamsung Denmark Research Center ApS(SDRC)Sep 2012R&D25,297Ov er 50%NSamsung Cambridge Solution Centre Limited (SCSC)Sep 2012R&D146,786Ov er 50%YZhilabs, S.L.Nov 2008Netw ork solution R&D and sales6,745Ov er 50%NFoodient Ltd.Mar 2012R&D615Ov er 50%NSamsung Electronics Overseas B.V. (SEO)Jan 1997Electronic goods sales138,325Ov er 50%YSamsung Electronics Rus Company LLC(SERC)Oct 2006Electronic goods sales1,460,307Ov er 50%YSamsung Electronics Ukraine Company LLC(SEUC)Sep 2008Electronic goods sales283,864Ov er 50%YSamsung R&D Institute Rus LLC(SRR)Nov 2011R&D58,600Ov er 50%NSamsung Electronics Central Eurasia LLP(SECE)Sep 2008Electronic goods sales179,203Ov er 50%YSamsung Electronics Caucasus Co. Ltd. (SECC)Oct 2014Marketing2,059Ov er 50%NSamsung Electronics Rus Kaluga LLC(SERK)Jul 2007TV production1,259,052Ov er 50%YAKG Acoustics GmbHMar 1947Audio product production and sales388,887Ov er 50%YAMX UK LimitedMar 1993Audio product sales0Ov er 50%NArcam LimitedJul 2004Holding company0Ov er 50%NA&R Cambridge LimitedDec 1993Audio product sales0Ov er 50%NHarman Audio Iberia Espana Sociedad Limitada (Formerly DuranAudio Iberia Espana S.L.)Nov 2012Audio product sales253Ov er 50%NHarman Automotiv e UK LimitedOct 2012Audio product production1,040,947Ov er 50%YHarman Becker Automotive Systems GmbHJul 1990Audio product R&D, production, and sales4,024,489Ov er 50%YHarman Becker Automotive Systems Italy S.R.L.Dec 2005Audio product sales1,308Ov er 50%NHarman Becker Automotive Systems Manufacturing KftAug 1994Audio product R&D and production2,957,465Ov er 50%YHarman Belgium SAApr 1967Audio product sales2,786Ov er 50%NHarman Connected Services AB.Oct 1984Connected service provider23,739Ov er 50%NHarman Finland OyJul 1998Connected service provider2,194Ov er 50%NSam sung Electronics Business Report9 / 261
Harman Connected Services GmbHDec 2005Connected service provider50,121Ov er 50%NHarman Connected Services LimitedDec 1992Connected service provider0Ov er 50%NHarman Connected Services Poland Sp.zooJun 2007Connected service provider10,263Ov er 50%NHarman Connected Services UK Ltd.Sep 2008Connected service provider67,264Ov er 50%NHarman Consumer Nederland B.V.Dec 1995Audio product sales447,732Ov er 50%YHarman Deutschland GmbHMar 1998Audio product sales16,296Ov er 50%NHarman Finance International GP S.a.r.lApr 2015Holding company0Ov er 50%NHarman France SNCNov 1995Audio product sales156,575Ov er 50%YHarman Holding Gmbh & Co. KGJun 2002Management company5,282,405Ov er 50%YHarman Hungary Financing Ltd.Jun 2012Financing company43,454Ov er 50%NHarman Inc. & Co. KGJun 2012Holding company4,148,456Ov er 50%YHarman International Estonia OUMay 2015R&D224Ov er 50%NHarman International Industries LimitedMar 1980Audio product sales, etc.241,193Ov er 50%YHarman International Romania SRLFeb 2015R&D26,319Ov er 50%NHarman Finance International SCAApr 2015Financing company471,168Ov er 50%YHarman International s.r.oFeb 2015Audio product production20Ov er 50%NHarman Management GmbHApr 2002Holding company0Ov er 50%NHarman Professional KftDec 2014Audio product R&D and production97,517Ov er 50%YMartin Manufacturing (UK) LtdMay 1985Audio product production0Ov er 50%NHarman Professional Denmark ApSJul 1987Audio product R&D and sales165,264Ov er 50%YRed Bend Softw are Ltd.Aug 2004Softw are design0Ov er 50%NRed Bend Softw are SASOct 2002Softw are design8,088Ov er 50%NStuder Professional Audio GmbHNov 2003Audio product R&D and sales27,928Ov er 50%NHarman Connected Services OOONov 1998Connected service provider13,875Ov er 50%NHarman RUS CIS LLCAug 2011Audio product sales135,093Ov er 50%YSamsung Electronics West Africa Ltd. (SEWA)Mar 2010Marketing32,923Ov er 50%NSamsung Electronics East Africa Ltd. (SEEA)Dec 2011Marketing26,929Ov er 50%NSamsung Gulf Electronics Co.,, Ltd. (SGE)May 1995Electronic goods sales1,288,180Ov er 50%YSamsung Electronics Saudi Arabia Ltd. (SESAR)Nov 2019Electronic goods sales23,055Ov er 50%NSamsung Electronics Egypt S.A.E(SEEG)Jul 2012Electronic goods production and sales642,091Ov er 50%YSamsung Electronics Israel Ltd. (SEIL)Sep 2012Marketing17,993Ov er 50%NSamsung Electronics Tunisia S.A.R.L(SETN)Sep 2012Marketing4,553Ov er 50%NSamsung Electronics Pakistan (Private) Ltd. (SEPAK)Nov 2012Marketing2,913Ov er 50%NSamsung Electronics South Africa (Pty) Ltd. (SSA)Jun 1994Electronic goods sales522,382Ov er 50%YSamsung Electronics South Africa Production (pty) Ltd. (SSAP)Jul 2014TV and monitor production81,784Ov er 50%YSamsung Electronics Turkey (SETK)Dec 1984Electronic goods sales566,676Ov er 50%YSamsung Semiconductor Israel R&D Center, Ltd. (SIRC)Oct 2007R&D78,746Ov er 50%YSam sung Electronics Business Report10 / 261
Samsung Electronics Levant Co.,, Ltd. (SELV)Jul 2009Electronic goods sales484,098Ov er 50%YSamsung Electronics Maghreb Arab (SEMAG)Nov 2009Electronic goods sales240,938Ov er 50%YCorephotonics Ltd.Jan 2012R&D11,884Ov er 50%NGlobal Sy mphony Technology Group Private Ltd.Jan 2002Holding company42,327Ov er 50%NHarman Connected Services MoroccoApr 2012Connected service provider2,353Ov er 50%NHarman Industries Holdings Mauritius Ltd.Oct 2009Holding company85,666Ov er 50%YRed Bend Ltd.Feb 1998Audio product production89,221Ov er 50%YSamsung Japan Corporation (SJC)Dec 1975Semiconductor and display panel sales1,218,011Ov er 50%YSamsung R&D Institute Japan Co., Ltd. (SRJ)Aug 1992R&D161,026Ov er 50%YSamsung Electronics Japan Co.,, Ltd. (SEJ)Sep 2008Electronic goods sales976,240Ov er 50%YSamsung Electronics Display (M) Sdn. Bhd. (SDMA)Mar 1995Electronic goods production25,824Ov er 50%NSamsung Electronics (M) Sdn. Bhd. (SEMA)Sep 1989Home appliance production189,418Ov er 50%YSamsung Vina Electronics Co.,, Ltd. (SAVINA)Jan 1995Electronic goods sales292,458Ov er 50%YSamsung Asia Priv ate Ltd. (SAPL)Jul 2006Electronic goods sales9,137,262Ov er 50%YSamsung India Electronics Priv ate Ltd. (SIEL)Aug 1995Electronic goods production and sales7,042,872Ov er 50%YSamsung R&D Institute India-Bangalore Priv ate Limited (SRIBangalore)May 2005R&D383,411Ov er 50%YSamsung Nepal Services Pvt, Ltd (SNSL)Nov 2017Serv ices297Ov er 50%NSamsung Display Noida Private Limited (SDN)Jul 2019Display panel production5,276Ov er 50%NSamsung Electronics Australia Pty. Ltd. (SEAU)Nov 1987Electronic goods sales468,812Ov er 50%YSamsung Electronics New Zealand Limited (SENZ)Sep 2013Electronic goods sales104,271Ov er 50%YPT Samsung Electronics Indonesia (SEIN)Aug 1991Electronic goods production and sales1,014,085Ov er 50%YPT Samsung Telecommunications Indonesia (STIN)Mar 2003Electronic goods sales and services1,075Ov er 50%NThai Samsung Electronics Co.,, Ltd. (TSE)Oct 1988Electronic goods production and sales2,912,731Ov er 50%YLaos Samsung Electronics Sole Co.,, Ltd (LSE)Sep 2016Marketing774Ov er 50%NSamsung Electronics Philippines Corporation (SEPCO)Mar 1996Electronic goods sales285,358Ov er 50%YSamsung Display Vietnam Co.,, Ltd. (SDV)Jul 2014Display panel production7,267,124Ov er 50%YSamsung Malaysia Electronics (SME) Sdn. Bhd. (SME)May 2003Electronic goods sales412,503Ov er 50%YSamsung R&D Institute Bangladesh Limited (SRBD)Aug 2010R&D12,224Ov er 50%NSamsung Electronics Vietnam Co.,, Ltd. (SEV)Mar 2008Electronic goods production12,367,857Ov er 50%YSamsung Electronics Vietnam THAINGUYEN Co.,, Ltd. (SEVT)Mar 2013Telecom product production13,847,934Ov er 50%YSamsung Electronics HCMC CE Complex Co., Ltd. (SEHC)Feb 2015Electronic goods production and sales2,305,587Ov er 50%YHarman Connected Services Corp. India Pvt. Ltd.Apr 2002Connected service provider356,371Ov er 50%YHarman International (India) Priv ate LimitedJan 2009Audio product R&D and sales239,982Ov er 50%YHarman International Industries PTY, Ltd.Dec 2014Holding company0Ov er 50%NHarman International Japan Co., Ltd.Jun 1991Audio product R&D and sales86,606Ov er 50%YHarman Singapore Pte. Ltd.Aug 2007Audio product sales12,806Ov er 50%NMartin Professional Pte. Ltd.Jun 1995Audio product sales0Ov er 50%NSam sung Electronics Business Report11 / 261
Samsung Display Dongguan Co.,, Ltd. (SDD)Nov 2001Display panel production1,795,077Ov er 50%YSamsung Display TianJin Co.,, Ltd. (SDT)Jun 2004Display panel production1,285,173Ov er 50%YSamsung Electronics Hong Kong Co.,, Ltd. (SEHK)Sep 1988Electronic goods sales1,173,330Ov er 50%YSuzhou Samsung Electronics Co.,, Ltd. (SSEC)Apr 1995Home appliance production524,526Ov er 50%YSamsung Suzhou Electronics Export Co.,, Ltd. (SSEC-E)Apr 1995Home appliance production456,052Ov er 50%YSamsung (CHINA) Inv estment Co.,, Ltd. (SCIC)Mar 1996Electronic goods sales14,637,222Ov er 50%YSamsung Mobile R&D Center, China-Guangzhou (SRCGuangzhou)Jan 2010R&D84,371Ov er 50%YSamsung Tianjin Mobile Development Center (SRC-Tianjin)Aug 2010R&D15,889Ov er 50%NSamsung R&D Institute China-Shenzhen (SRC-Shenzhen)Mar 2013R&D29,785Ov er 50%NSamsung Electronics Suzhou Semiconductor Co.,, Ltd. (SESS)Dec 1994Semiconductor processing1,094,799Ov er 50%YSEMES (XIAN) Co.,, Ltd.Jul 2013Semiconductor equipment1,760Ov er 50%NSamsung Electronics Huizhou Co.,, Ltd. (SEHZ)Dec 1992Electronic goods production1,364,967Ov er 50%YTianjin Samsung Electronics Co.,, Ltd. (TSEC)Apr 1993TV and monitor production615,753Ov er 50%YSamsung Electronics Taiw an Co.,, Ltd. (SET)Nov 1994Electronic goods sales1,186,764Ov er 50%YBeijing Samsung Telecom R&D Center (SRC-Beijing)Sep 2000R&D127,668Ov er 50%YTianjin Samsung Telecom Technology Co.,, Ltd. (TSTC)Mar 2001Telecom product production579,435Ov er 50%YShanghai Samsung Semiconductor Co.,, Ltd. (SSS)Oct 2001Semiconductor and display panel sales5,880,616Ov er 50%YSamsung Electronics Suzhou Computer Co.,, Ltd. (SESC)Sep 2002Electronic goods production995,499Ov er 50%YSamsung Suzhou Module Co.,, Ltd. (SSM)Sep 2002Display panel production1,069,463Ov er 50%YSamsung Suzhou LCD Co.,, Ltd. (SSL)Jul 2011Display panel production1,808,262Ov er 50%YShenzhen Samsung Electronics Telecommunication Co.,, Ltd.(SSET)Feb 2002Telecom product production41,077Ov er 50%NSamsung Semiconductor (China) R&D Co.,, Ltd. (SSCR)Apr 2003R&D45,272Ov er 50%NSamsung Electronics China R&D Center (SRC-Nanjing)May 2004R&D65,312Ov er 50%NSamsung (China) Semic onductor Co.,, Ltd. (SCS)Sep 2012Semiconductor production12,370,070Ov er 50%YSamsung Semiconductor Xian Co.,
Samsung Electronics Business Report 1 / 261. SAMSUNG ELECTRONICS Co., Ltd. 2019 BusinessReport . For the year ended December 31, 2019. Certain statements in the document , other than purely historical information, including estimates, projections, statements relating to our business
