In 2022, the revenue of Samsung Group-affiliated companies accounted for about **** percent of South Korea's gross domestic product (GDP). These affiliates generated total revenue of around ***** trillion South Korean won that year, having first surpassed the 400-trillion mark the previous year. Samsung’s share of revenue in GDP remained constant at around ** percent during the surveyed period. Samsung Group’s major affiliates Samsung owns about 60 affiliates that are among the leading companies in their respective industries. For example, Samsung Electronics - best known for its Galaxy smartphones - is a global player in consumer electronics and telecommunications. Samsung Heavy Industries is one of the three leading companies in the domestic shipbuilding industry, while Samsung Group's affiliated financial companies, such as Samsung Fire & Marine Insurance and Samsung Life Insurance, have a strong influence on the South Korean financial market. Samsung: The largest chaebol in South Korea Samsung is the biggest chaebol group in South Korea – a large family-run conglomerate owned and managed by an individual or their family members. Chaebol groups typically have numerous affiliates, operate in multiple and diverse business sectors, and usually maintain a monopoly position in the relevant market. South Korea’s economy is dominated by a few chaebols, such as Samsung, SK, LG, and Hyundai Motor Company, whose influence on the market increased significantly, especially during the COVID-19 pandemic.

In the third quarter of 2025, Samsung Electronics’ mobile experience (MX) was its biggest revenue generator, bringing in approximately **** trillion South Korean won. Other key segments are the company’s mobile communications and display panel businesses, which also contributed significantly to total revenue. Samsung Samsung, perhaps best known for its consumer electronics division, owns business ventures that span across a large range of industries. Controlling some of the top companies operating in every sector from electronics to insurance to shipbuilding, Samsung ranks among the largest conglomerates in the world in terms of market value. The company employs hundreds of thousands of workers and accounts for a significant portion of South Korea’s GDP, meaning that Samsung is massively influential within its home country. Mobile communications segment The cornerstone of Samsung’s success is its mobile communications segment, which includes various lines of smartphones and wearables as well as the company’s library of application software, such as Samsung Pay. The company’s Samsung Galaxy line is among the most popular in the world and contributes towards making Samsung one of the largest smartphone brands in the world in terms of worldwide shipments.

As of May 2024, ******* Group was the largest business group in South Korea, generating approximately ****** trillion South Korean won in revenue. ******* is the biggest family-owned conglomerate in the country, known as a chaebol. These chaebols are significant contributors to South Korea’s gross domestic product (GDP), with the revenue from the five largest chaebols accounting for nearly half of the nation's GDP. Key industry of South Korea’s economy The manufacturing sector is a vital pillar of South Korea's economy and the most valuable industry contributing to the nation's GDP. Over the past several decades, it has been the driving force behind the rapid economic development of South Korea. The contribution of mining and manufacturing, particularly manufacturing, has grown from about **** percent in 1953 to nearly ** percent in 2023. However, despite its importance, the growth of the manufacturing sector has been declining in recent years, contributing fewer percentage points to South Korea's overall economic development. Rising start-up scene in South Korea Historically, large chaebol groups have dominated the South Korean economy. However, in recent years, new players have begun to emerge, indicating a shift in the economic landscape. The South Korean start-up scene has experienced significant growth, fueled by substantial venture capital investments and government financing programs. Over the past decade, the volume of venture capital investments in South Korea has increased more than fourfold. Additionally, the number of start-ups valued at over one billion US dollars, known as unicorns, has also grown significantly. In 2023, South Korea had 23 unicorns, representing a more than sevenfold increase in just seven years.

As of December 2024, ****** male and ****** female employees were working for Samsung Electronics under permanent contracts at the company's South Korean headquarters in Suwon. According to its annual report, there were *** temporary workers that year. Samsung in South Korea   Samsung Electronics’ parent company Samsung Group is the largest family-owned business conglomerate in South Korea. These family-owned South Korean conglomerates, some other examples being LG and Hyundai, are called chaebol. The company and its affiliates account for around one-fifth of the country’s GDP. Other big players in the domestic economy include LG Corporation and SK Group. Samsung’s products and global presence  Samsung maintains a strong global presence in multiple sectors, holding the highest share in the global smartphone market as of 2023. Other products not limited to televisions, tablets, and home appliances such as refrigerators, contribute to its diverse range of products. Globally, the company employs more than ******* people. Samsung also features prominently among the largest companies in the world by market capitalization and revenue.

In 2024, the gross domestic product (GDP) contributed by the construction sector in South Korea was approximately *** trillion South Korean won. The GDP from this sector showed overall growth until 2017 and started to decrease from the year after. Construction industry in South Korea In 2023, approximately ******* construction permits were issued in South Korea. In 2023, the total construction costs amounted to over *** trillion South Korean won, the highest they have been in the last decade. According to the government construction capability evaluation, South Korea’s leading construction company was Samsung C&T (Construction and Trading). The government’s annual construction capability evaluation measures a company’s performance based on construction contracts, business management, technical capabilities, and brand credibility. Construction overseas South Korean construction companies also operate abroad, constructing industrial plants, public works, electric power plants, telecommunications facilities, and more. Overseas construction orders totaled over ** billion U.S. dollars in 2024. However, this figure remained below the value of orders recorded a decade earlier.