Figuring out the owners of different companies can be difficult to do, as some companies are owned by just one person, while others are made up of parent companies and shareholders.
That being said, many have wondered about whether Samsung owns LG, and if not, who does. I was curious, so I did the research, and here is what I found!
Does Samsung Own LG in 2023?
It may come as a surprise to you, but Samsung doesn’t own LG in 2023. In fact, there is no one person that owns the company, because Samsung is actually a conglomerate. This means that there are many shareholders that are responsible for keeping the company going.
Keep reading if you want to learn more about the owners of LG, and what it means to be a conglomerate, along with other facts!
Who Owns LG?
LG manufactures a variety of appliances for the kitchen, laundry, and other household uses such as air conditioners, vacuum cleaners, and LED lighting solutions.
The company is currently a conglomerate, which means that there are many shareholders who own the company, rather than just one person being responsible for the entire company.
Who Owns Samsung?
Samsung is most likely best known for its popular line of Galaxy smartphones. However, this company also makes a number of Samsung branded smart appliances for your home.
This includes products such as cook tops, refrigerators, ovens, microwave ovens, laundry machines, and more.
Lee Byung-Chull started Samsung in March 1938, but unfortunately, the ownership was left to his son, Ken-hee Lee, in 1987 when he passed.
After the death of Ken-hee Lee in October 2020, his family is working on obtaining ownership of the company.
Is LG a Conglomerate?
A conglomerate is a corporation of several, sometimes unrelated, businesses.
In a conglomerate, one company owns a controlling stake in several smaller companies, conducting business separately and independently.
At this time, LG is a conglomerate, as there is not one person who owns the entire company. Rather, the company is made up entirely of shareholders.
What Is LG?
LG is a well-known electronic company that is popular for its high-quality mobile devices and smart home appliances.
As mentioned previously, LG isn’t owned by a single person. Instead, it’s a conglomerate, which basically means that the company’s owners are made up of a group of shareholders.
What Is Samsung?
Samsung is a popular electronic company that is well-known for its mobile devices.
These devices consist of smartphones, tablets, audio devices, TVs, and even smart home appliances like refrigerators, ovens, stove tops, microwaves, and laundry units.
Are Samsung and LG the Same Company?
Although many believe that Samsung and LG are the same company, this isn’t the case.
Rather, Samsung and LG are rival companies that compete for customers.
In fact, there is quite a bit of competition between these two companies, the main reason being that both are creating products that are so similar.
Who Was the Creator of Samsung?
Samsung is a South Korean company and was originally created by Lee Byung-Chull in the year 1938, in a town called Samsung in Seoul, South Korea.
In the following decades, the company eventually developed into the popular electronics giant that it is today.
When Was LG Founded?
In 1958, LG electronics was originally founded as GoldStar.
The company was established in the aftermath of the Korean War in order to provide the rebuilding nation with domestically-produced consumer electronics and home appliances.
Is Samsung Better Than LG?
There are mixed reviews when it comes to wondering whether Samsung is better than LG or vice versa.
In reality, it really comes down to personal preference for the appliance or device that you are looking for.
Both companies are well-known for providing high-quality products that last for a reasonable amount of time.
Which Companies Does Samsung Own?
Today, Samsung produces popular products such as the Galaxy line of smartphones, tablets, and laptop computers.
Not only does the company manufacture mobile devices, but it also sells industrial electronics including appliances, semiconductors, memory chips, and integrated systems.
Samsung has come a long way with the products it develops, industries it enhances, and customers it serves.
Samsung wouldn’t have been successful in achieving the status of one of the largest companies in the world without first obtaining other businesses and operating as a parent company.
So, here are just 11 companies that are currently owned by Samsung:
- Harman International industries
- Proximal Data
- LoopPay (Now known as Samsung Pay)
- TeleWorld Solutions
Although Samsung does own a variety of different companies, LG isn’t one of them. In fact, LG isn’t owned by one single person and instead is owned by shareholders
IN other words, no one person is solely in charge of the LG company, and instead, that responsibility falls on the many shareholders.