You might be one of the many people who are interested in Samsung’s electronic devices. But do you know who owns it or the possibility of purchasing stock in Samsung?
As a loyal customer or fan, it is important that the firm’s existence and ownership. We have prepared that information for you.
So, is Samsung a private or public company? By the end of this post, you should be able to tell the company’s ownership.
Here we go.
Samsung is a company started by Lee Byung-Chull in March 1938. His son took over the company in 1987. After a long-term illness, Lee Kun-hee, in 2020, passed away.
By 2017, Samsung Electronics was the largest consumer electronics maker, Information Technology Company, as well as chipmaker. But that is not the only subsidiary that is huge. There’s also Samsung C&T, Samsung Engineering, Samsung Heavy Industries, and more.
Who Owns Samsung?
Samsung is a chaebol that is owned by Samsung Group. It is a South Korean company that is run by the Lee family. The company includes more than 80 affiliate companies. Samsung Electronics, which is the largest company of Samsung, is responsible for more than 70% of the company’s revenues.
The Samsung Group is referred to as a chaebol. That is a large South Korean conglomerate that is controlled and run by a family. In this case, that is the Lee family.
Samsung group’s ownership structure is very complicated. The family and chairman control the group with the help of their holdings in Samsung Life, Samsung Electronics, Samsung Everland, as well as Samsung C&T. This ownership’s nature is meant to cement the control over the group to the family.
Is Samsung a Public Company?
When did Samsung go public? Well, Samsung’s stock got to its highest since it went public in 1975. It stated that it wanted a plan that would help turn it into a holding company. For a long time, the Lee family has maintained its control with the help of a cross-holdings web that has protected it from other types of influence.
Samsung, the electronics firm does the stock trade through the Korea Exchange, or KR. Its shares do not trade on the U.S. stock exchange. The company does not offer ADRs (American Depositary Receipts). That makes it difficult for Americans to trade in that company.
Can I buy stock of Samsung? Fortunately for you, you can choose to buy shares with the help of a local South Korean broker or even invest directly.
You can also use the Grey Market to find Samsung shares. You also have the choice to trade over the counter, or even through an ETF, which might include Samsung.
So, if you are still wondering whether Samsung is a public or private company, you now know that it is a public company. Even though it is somewhat hard, you can buy shares using a couple of methods.