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

Wait 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

Wait 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, mln.USD
4860
Staff
2847
Capital, mln.USD
2567
Glob.Revenue, mln.USD
217723
Assets, mln.USD
1173

Samsung Electronics is No.1 in handsets in Russia with 30% market share as of the fourth quarter of 2021.

The Company Statement
July 25, 2022

Samsung Electronics suspended all shipments to Russia but continues operating r&d center in Moscow and collaborating with government science institutions sharing advanced technologies.

Hiring in Samsung R&D Institute Russia
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, 2022The suspension of Samsung supplies to Russia is temporary
February 27, 2022The Central Bank advises to carry plastic cards with you in case of payment failures through pay services
March 05, 2022Samsung Elec says shipments to Russia suspended, donating $6 mln in aid
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