Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Samsung is a South Korean multinational manufacturing conglomerate. It comprises numerous affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean business conglomerate.

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
1286
Assets(RF), mln.USD
1484
Capital(RF), mln.USD
1281
Glob.Revenue, mln.USD
198213
Staff(RF), 2021
2847
Taxes(RF), mln.USD
7

Samsung Electronics is No.1 in handsets in Russia with 30% market share as of the fourth quarter of 2021. The first contract production was launched at the Kaluga enterprise of South Korean Samsung.

The Company Statement
June 23, 2023

Samsung Electronics suspended all shipments to Russia but continues operating r&d center in Moscow and collaborating with government science institutions sharing advanced technologies. Samsung Electronics said nothing had been decided after a newspaper reported the company https://www.reuters.com/technology/samsung-expects-return-russian-market-this-year-izvestia-newspaper-2022-09-14/ was expected to return to the Russian market this year, six months after suspending shipments following the invasion of Ukraine. The Russian authorities are "losing patience" with electronics manufacturers Samsung and LG and are preparing to ban their equipment in the country because they refuse to sell their plants in the Kaluga and Moscow regions. And although Russian vendors, including Lex, Kuppersberg, Schaub Lorenz and others, were actively interested in buying these capacities, they could not come to an agreement, since South Korean manufacturers do not give in on the price. Decreased revenue in 2023 vs 2022.

November 05, 2024Why does Samsung still operate in Russia? Diplomat explained the position of the official Seoul
September 16, 2024Domestic manufacturer begins assembling monitors for the public sector at Samsung plant
September 07, 2024Russian Paralympians Didn't Receive Samsung Sponsored Phones as Gifts at Paris Games
July 03, 2024Samsung introduced new AI TVs
June 24, 2024The first contract production was launched at the Kaluga enterprise of South Korean Samsung
April 01, 2024Company: Samsung Electronics Rus (SERK, Samsung)
March 11, 2024Departed brands resumed advertising activity in the Russian Federation
February 21, 2024Subsidiaries of foreign IT companies will be denied access to benefits
January 30, 2024Samsung, LG Differ from Hyundai in Handling Russian Appliance Plants
October 27, 2023Sales of tablets in Russia increased by 30%, budget models are especially popular
June 17, 2023The Ministry of Digital Development and the Ministry of Industry and Trade are discussing a ban on parallel imports of Samsung and LG smartphones
May 31, 2023The way around the sanctions
April 13, 2023Not all gold that rings: Smartphone manufacturers are determined using metals from the Russian Federation
March 21, 2023Samsung phones are being adapted for Russia massively, but handicraft
February 01, 2023Manufacturers of household appliances are trying to buy out the factories of companies that left the Russian Federation
September 15, 2022Samsung says no decision after report it was returning to Russia
August 25, 2022Sanctions futile: Samsung continues to work in RF - media
May 17, 2022Samsung Research is collaborating with 16 R&D centers in 14 countries and 7 AI-dedicated centers in Korea, U.S., Canada, U.K., and Russia.
March 05, 2022Samsung Elec says shipments to Russia suspended, donating $6 mln in aid
March 05, 2022The suspension of Samsung supplies to Russia is temporary
Hiring in Samsung R&D Institute Russia
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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