Why Samsung Owns EVERYTHING: The Dark Truth
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- čas přidán 9. 06. 2024
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How A Fish Seller Built An Unstoppable Empire (The Controversial Samsung Story) - how did Samsung go from a grocery store to one of the biggest business empires in the world? Samsung not only dominate in tech, but many other industries you may not even realize. Welcome to another MagnatesMedia mini business movie, telling the INSANE Controversial Samsung Story! 😉
00:00 How Big is Samsung? The Incredible Samsung Story
04:55 A Dynasty of Corruption
10:36 Thanks to Public For Sponsoring This Video
11:47 The Exploding Phone
We go on a journey from how Samsung began, up until present day, looking at the huge size of Samsung and the many industries it operates in, along with their biggest marketing disaster ever.
An important note: With all of these business stories, the intention is not to try and single out one specific company. I make videos about LOTS of different companies, this episode just happens to be about Samsung. I have absolutely nothing against Samsung, and in fact I use their products myself. The purpose of these videos is simply to summarise the interesting stories behind many different big businesses.
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As always, a huge thank you for all your support with these videos! - John
Hi can you make Young entrepreneur for beginners
117
HI
Dang you know the secrets how
Do a doc on how iphone was created....
Who's also watching this on a Samsung
Me.
Not me.
Yep
Mee 😊
I am also doing that
Most of countries in the world have one or more of these giant companies that nobody can mess with.
@despacito dave what about ghana?
@despacito dave Depends on the context. Singapore has really good industrial foundations.
@despacito dave have you heard of Woolworths and Coles?
@despacito dave Australia loves funding multiple companies, not one
@@everything_huawei_pro4743 Your Huawei really sucks, that's they have been kicked out from the Top 5 biggest smartphone company in the world. Poor Huaweishit, just getting some design ideas from Samsung and Apple😂
This guy's editing skills are unparalleled in YT
Agreed
Watch james jani.
@@learnwithshams I do
@@_purejoy_ fr
Not really yt is massive
Just adding to the video: Founder of Samsung Mr. Lee Byung Chul also made CJ (Major food, Major Entertainment, logistics, etc), SSG (biggest malls, etc), Saehan, and Hansol. Also, he partially owned n influenced Korean news platforms... People outside of Korea don't really realize this but Samsung family owns Korea... There is no emperor system in Korea but that family line is basically the one.. It's kind of insane how much they own but the companies are just not named "Samsung". They are bigger than how they look from outside. Apple is bigger in assets but the power this family has is up to a debate. I think Apple has more power and money though. But, I only said "up to a debate" because USA has so many powerful companies n family trees. Whereas, Korea only has 2 family: Samsung & Hyundai. Political power can be debatable because other major companies in USA has to share the pie. Hopefully, South Korea can become like USA, where USA has various power horse firms, rather than just one big powerful company. Lastly, the video edit was legit !! Thank you for taking away my sleep time lol jkjk
CJ stands for Cheil Jedang. What comes to my mind first are that they manufacture animal food (especially for livestock like 🐖 and 🐓).
America had a similar issue with the do called robber barons ( Rockefeller, Carnegie, JP Morgan, Van Der Bilt etc etc ) what Korea needs is some strong anti monopoly laws and a restructuring of the economy around mid-sized companies....Though that may be a bit difficult due to the massive power that these families have it's not impossible, but it would take strong political figures like Roosevelt in the US who would stand up to them, or the people uniting against them, good luck to you and may your country continue to prosper!
@@markarca6360 yehh also CJ entertainment is huge but shit sad thing is one guy made all of em.... Korea's kinda screwed if Samsung goes down....
@@anfzjdxn hi can I get parts for my Hyundai Galloper ? I can't find locally 😥😥
You can look up a connection chart showing what the Lee Family owned or whatever they are called. It was so messy you'd think they are the royal family lol
There are so many companies like this all over the world. What would you like to talk about next:
Volkswagen maybe or Wallmart or BMW.
Or you could talk about a company like this who went bust and the effect that had on the country they predominantly operated in:
such as Baring in England or Nokia in Finland.
Literally just happened with Amazon and other companies during lockdowns
@@thembi888 Wrong - every company aspires to be like this its capitalism. What sector or commodity do you want to talk about? What decade?
Maybe talk about this company CZcams which is a part of Alphabet who command a 93% market share (any company over 30% is a monopoly and has to be broken up and somehow they continue to exist why?) Alphabet is only 25 years old and it has acquired 247 companies ranging from €1 million to €12.5 Billion CZcams was a bargain at €1.65 Billion.
@@collegeineurope509 I'm sorry search engines are not monopolies. Google however has around 44% in digital advertisement.
@@collegeineurope509 Also a monopoly has to have over 50% market share
he can talk about Forbes 100 companies, which could make 100 vedios.
My high school friends dad worked for Lee Byungchul in the 70s.
Now he owns his own company affiliated with Samsung and my friend
Is still working there. That is 50 yrs of loyalty!
cool, hope your friend at least practices good karma cause they probably need a lot of it then
You know when someone is outstanding at making videos, you watch videos they make even when you normally wouldn't be interested in that video. Bravo young man 👏🏻
You have to understand that they did not have completely humble beginnings; these were people who came from some money and a good foundation to start on. My great-grandaunt was married to the founder of LG, who grew up around these people who founded Samsung and other companies. They were all college-educated (uncommon at that time in history) and had servants/housemaids and money to travel for leisure or to learn a trade. My great-great-grandfather apparently squandered all his wealth having fun in China while his colleagues were learning about sugarcanes and other goods.
Founder of LG? Nice
How did LG manage to become a Chaebol and Samsung's competitor when Samsung had so much influence and power in South Korea?
LG is nowhere near as big as Samsung.
LG is primarily electronics and engineering conglomerate with some businesses in chemicals and power generation (electric grid).
Samsung is more than that - they are known in the West as an electronics company but Samsung is also banking, finance, investments, insurance, manufacturing, shipbuilding, petrochemicals, import/export, clothing, etc etc…
The reason why even as a Korean, don’t buy Samsung is because I view Samsung as a “jack of all trades, master of none”. I’ve always found LG’s electronics and home appliances to always be of a higher quality than Samsungs which is why all my appliances are LG and not Samsung.
LG is a Chaebol with a focus and control of a specific industry, which is why it’s smaller. Samsung is a Chaebol based on overall size across the board… if that makes sense…
I think LG’s business is way more ethical (not saying much) than Samsung. There is a problem when you have one company that is the everything company…
*Republic of Samsung
I think you failed to mention how big the impact of the major reason how korea's top 5 corps (such as samsung) gained their power actually was. Namely the state support which was implemented in the 70s and originally meant to grow korea's economy as a whole by supporting certain private businesses. While this worked rather well originally , it nowadays (ever since the 90s really) has lead to some major problems. Mostly the small business issue you mentioned.
He mentions it in part 2 bro. Timestamped: 5:00
@@spinyslasher6586 He did, but imo he failed to point out how big of a factor this actually was. Too much focused on the impact of the founder (cause that's generally what sells ... "rags to riches" and such). Truth is, it was a massive stroke of luck that made Samsung the giant it is today.
Hence why I stated "how big the impact ..." and not "the impact".
@@theStamax the entire second part of the video, and the ending of the video, was used to showcase how Samsung used government support and corruption to assert dominance on smaller businesses. I doubt you watched the whole video, because he literally says in end that Samsung's success is due to the founder having deep political connections.
@@spinyslasher6586 well I did. Granted I may have formulated the comment better in hindsight. I just felt that the way the story was built up and ultimately concluded was too much focused on the individual, while the larger factor was downplayed.
I apologize if this has caused any misunderstanding and I'll try to be more concise in future comments. Admittedly the "how big the impact ..." alone was likely not clear enough on what my actual criticism was.
That actually makes sense because the US likes to crush small businesses as well.
Heavy handed regulations written by the big corporations have ensured this.
Also, I've never been to Korea at all, but I think I would love it.
Spicy food, good BBQ, and every Korean movie or show I've watched (with subtitles) is always great!
Seems they keep politics out of entertainment, and I don't want somebody's political beliefs jammed down my throat, even if they agree with me and especially if they disagree.
These days watching anything from Hollywood is like being a masochist.
Tell me I'm racist because a white male, etc. is not only ironic and hypocritical, but disgusting to hear
I owned the Note 7 when I was in college. I absolutely loved it, it was so sad when I had to swap it in.
Most of the big Japanese companies started by doing something different than they do today, Mitsubishi was a airplane manufacturer, and Nintendo I think started by making playing cards
Yep just like how subaru and daihatsu were doing scooters, mazda did corks (weird but profitable) and military motorcycles and Toyota did wool looms
@@thebrawlingmemereviewingam7968 mazda was a cork maker? Lmao what the hell, never would have guessed
Samsung is Korean tho
@@pookumz123 I know, I was bringing it up because of Samsung also starting with something different than what they're known for today
Porsche, VW, Mercedes Benz, Daimler, MAN, Audi, and BMW during WW2: *nervous sweating*
Can't get enough of these videos. Great content, research, editing. Best mini docs I've seen. Hope you continue to grow until you're an empire.
We all know what Empires turn Into, so no thanks on the empire part..we like them as they are
glad to see your channel grows so fast! with these amazing contents, you are unstoppable.
Never knew Samsung was soo GANGSTA! Makes me appreciate all my Samsung stuff even more. Wish they made car audio, or do they?
JBL, AKG, Harman Kardon, Bang&Olufsen are all owned by Samsung 😃
all of my family members use samsung and are loyal customers of the brand and here im watching this video
Ah, the real life cyberpunk 2077
Please talk about the dark truth of apple products. I really wanna learn how they became so influential to an extent where everyone wishes to make use of their products
Who else is watching on a Samsung galaxy???
LOL ME
Me.. And my name is also Lee
The s24 ultra
The gentlemen on the right @ 8:06, is the father of a young girl who used to work for Samsung, She contracted cancer while working with chemicals to produce electronic chips @ Samsung laboratory, she passed away at a very early age. Really sad story. Her family as you can imagine was very devestating, and the man that you see on the video fought very hard to force Samsung to admit the dangerous the chemicals used back then!
I have been here since the beggining! Great video and happy to see you grow
Wow, I never knew that is how Samsung started. I guess there are a lot of dark roots for all companies.
@@dol4732 They have crazy influence over South Korea and one of the family members wasa found guilty of bribing politicians, he goes into detail about this later on in the video
@@dol4732 imo it’s still relatively early enough in their time as a giant company to be considered their beginning, idk just my two cents :)
@@FlyingPigChannel that is far less than what huge companies in America do, but since they're white we just going to pretend it's not bad. If only you knew what large companies like Vungard and Blackrock (far more valuable and richer than Apple, Amazon, Facebook and Microsoft combined) do to socio-economic of the world you would shut the f... up
@@FlyingPigChannel Every big companies have a dark side and huge powerful connection with the government without power u can't be top of world
You narate stories so smooth that I can't seem to stop watching your videos.
the first youtube channel i always disappointed when the video is not 40 minute 😅😅😅
Please do you have a blog ? This is amazing. Please expand to a blog and put the same stories there. Great work
Been watching these mini documentaries on your channel for a while now. One or 2 videos a day 😆 they're very well made!!
You should definitely do one about walmart
Good job on the videos bro, nice selection of information too :)
Watching on my Samsung
Why are the edits so good .. is there someone working for it or what?
Maybe an editor 🤔
@@Don_Dewitt he work himself
Found your channel Today...amazing content...Great channel...keep up the good work...
i really love your videos man...just keep posting
I've been using Samsung phones for decades already, and I have one that's 7 years old and can still play Spotify like strong. Problem is, the S8 I'm using right now gets so angry (overheating) easily and it's so annoying.
Always love the videos, keep up the good work man.
Another good work from the good man. ❤️🔥
This is by far the best Chanel I've subscribed to... ty for all the great informational movies 🎬
Dude the editing and voiceover 🔥🥵🔥
never thought about this. i just know samsung mostly for their phones and how everyone compares them to apple but its crazy to think that samsung truly has apple beat. maybe not in the smartphone industry but in the world industry wow.
Not what you think, this companies are the same company in a way or work very close together and share a lot together , don’t like apple ? Buy Samsung , don’t like Samsung? Buy apple, who in reality profits from all this and to who is this technology more than just money?
Yes. Literally Samsung is the world’s largest semiconductor company.
Burh you tweaking samsung has beat apple in the phone industry by some years now.
Great videos!!!!
Samsung could have been among the top 5 companies in the world if it was listed on the US stock exchange.
I doubt it would be a good idea with how shady their roots are.
Why should that be? Are they in trouble funding growth you think? I totally disagree. On the contrary a family owned business has potential management incentives that elected boards of New Management creatures can never achieve.
i love samsung though as i feel like i have more freedom using their android phones than those iphones of different company...
dunno why though as it's just feels.
Because Apple Or Should I Say Crapple Funnels Their Consumers Into Their Tight User Experience Controlling Every Aspect.
This is the only page I allow ads play on because it has contributed so much to what I know.
magnates media , you really do a very good job , i love your clips and youve got a nice accent. i swear to god i watch your videos daily, ever since i came across your channel. keep it up. cheers mate🌝
Your video editing skills are awesome. Where did you learn ?
So Informative.👍
Thanks for the video.. really helps
For example: Hyundai started with selling used shoes first by Jung Joo-Young(the boss of all bosses of Hyundai but passed in 2001). Then he began the company by building and repairing army vehicles that were left in Korea after Korean war... something like that if I remember correctly.
What a amazing vidoe !! I feel so inspired
I find it mind boggling little tiny businesses form into one of the biggest in the workd
you had 155k subs 6 months ago?? the channel growth is deserved for sure
I hadn't heard of the GTA 'exploding samsung' mod😂😂😂
Thats hilarious
Always good content 👌
Always Enjoying ur Content Brother Keep up the Smart 🧠 work you doing 🎊 🎊 🎊
Great work
Love watching your videios so glad u have ur ch back :)
Love your documentory ❤️
Great content man
The 3 represents something to be established. If something happens once, it just happened. If the same thing happens twice, it can be a coincidence or a pattern. The 3rd time that the same thing happens establishes a pattern, something persistent, something established.
great video john. i enjoyed the music playing in the video. see you soon at 1million subs.
i wish you the very best.
Excellent content.
Love your videos. You've surpassed your mentor James Jani
Very informative!
Japan - Toyota
Korea - Samsung
China - Sinopec
Singapore - Trafigura
UK - British Petroleum
France - Total
Germany - Volkswagen
US - Walmart
Your very very smart!!❤
Nice video!
Editing quality and your narratives.. what's your business? A perfect youtuber?
Another Great video
Sadly, most Tech Giants are like this.
thanks for your awesome video's!!!❤❤
“Wealth should be created by investing to create more wealth. Income is the fruit of wealth. If you do not do that, you will not have more income.”
Making it out at a young age is quite difficult. I started a side hustle at 17, saved up and made some good investments. l'm 28,live on my own and having a good life for myself. Big ups to you and everyone out there trying
@@ibrahimfaizan6047 Sounds like plan, how do you put money to work?
@@kathyfrugalsen3047 Yes it sure is. I put in money in investments and get profits. That 's how I make more money without working. This does not sound new to you right ?
@@ibrahimfaizan6047 Thanks for replying me, I've heard so many people talk about investment but none had said how to do it right.
Am hoping on you can explain more on how you make extra income from investments
samsung founder is just so smart
lovee you bruv, really liked this video
Vdo was really greate!
Can you ease include the life story and down parts
Be consistent
You are great
I'll be honest, the gta exploding phones mod is hilarious af.
No, youre the legend. Great video, dude. thanks!
Watching this video on a Samsung 📱.
MORE VIDEOS PLEASE
It is weird that I am watching the story of samsung on a Samsung
Same here 😃👍
I still samsung new phones when they show the trailer of it and nice video man :]
You should create a film company, I’ll be you first investor!
Amazing man
Very interesting!
Congratulations 👏
last part was the most hilarious🤣🤣😂😂
Proud to be SAMSUNG hardcore fans.
Man I swear your channel so fkn underrated
brilliant man
Sometimes I like not knowing about the history of some of my favorite companies... let's hope this video doesn't change my perception of Samsung.
Fantastic video you got a subscribe
It's one of those things where the end justifies the means. It's unfair, but a necessary evil.
The Korean War really changed everything. Communism deprives people of individual achievement, no matter how everyone slices the cake of the system.
What is the name of the music that starts at 2:45 ?
Great video!
I hope you will soon talk about Boing or Lockheed, specially F-104 starfighter as a comparison
You are so underrated 😔
Great vid. Me watching from a Samsung phone😄
This guy just filled up the dump side of James Jani - which was making videos each 2 month.
Keep up and make more cool & frequent videos 👍
Do a video on how iphone was was created...
My favourite youtube channel ❤
My god you make good videos!
I dislike it, but, Samsung and LG usually are the best quality and least expensive product I buy. Always wondered how they got so big, thanks for the video. This is a Samsung phone.
I love your content.