Why Samsung Owns EVERYTHING: The Dark Truth

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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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I hope you enjoy the story of Samsung!
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Опубликовано:

26 июн 2024

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Комментарии : 804

@MagnatesMedia 2 года назад

🎁 Get your FREE stock (worth up to $300) at Public: public.com/magnatesmedia (in case you haven’t seen, Public now have crypto as well as stocks and ETFs, so check them out and get your free stock!) ⭐By the way, have you seen my recent video on the story of Snapchat yet? If not, after this video, feel free to check out: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-tiVSpUvQyHc.html (Snapchat: The Ghost That Haunts Mark Zuckerberg) As always, a huge thank you for all your support with these videos! - John

@bunny.4615 2 года назад

Hi can you make Young entrepreneur for beginners

@princess-xh4rn 2 года назад

117

@exoticfacts5543 2 года назад

@masternobody1896 2 года назад

Dang you know the secrets how

@emmanuelkuto3694 2 года назад

Do a doc on how iphone was created....

@R_mmone Год назад

Who's also watching this on a Samsung

@Ale111Ale 2 месяца назад

Me.

@henrypang4734 2 месяца назад

Not me.

@PbANDjcustoms 2 месяца назад

Yep

@ShemuelDrex 2 месяца назад

Mee 😊

@bobmarley-gy5tj 2 месяца назад

I am also doing that

@cyruskabir16 2 года назад

Most of countries in the world have one or more of these giant companies that nobody can mess with.

@Manny4uel Год назад

@despacito dave what about ghana?

@denz8ty648 Год назад

@despacito dave Depends on the context. Singapore has really good industrial foundations.

@hamishebdon6809 Год назад

@despacito dave have you heard of Woolworths and Coles?

@kenos911 Год назад

@despacito dave Australia loves funding multiple companies, not one

@jme_17 Год назад

@@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😂

@miyoali4858 2 года назад

This guy's editing skills are unparalleled in YT

@_purejoy_ 2 года назад

Agreed

@learnwithshams 2 года назад

Watch james jani.

@miyoali4858 2 года назад

@@learnwithshams I do

@kvngdeo 2 года назад

@@_purejoy_ fr

@abdus-s 2 года назад

Not really yt is massive

@anfzjdxn 2 года назад

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

@markarca6360 2 года назад

CJ stands for Cheil Jedang. What comes to my mind first are that they manufacture animal food (especially for livestock like 🐖 and 🐓).

@j4genius961 2 года назад

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!

@anfzjdxn 2 года назад

@@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....

@babagandu 2 года назад

@@anfzjdxn hi can I get parts for my Hyundai Galloper ? I can't find locally 😥😥

@Vysair 2 года назад

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

@collegeineurope509 2 года назад

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.

@thembi888 2 года назад

Literally just happened with Amazon and other companies during lockdowns

@collegeineurope509 2 года назад

@@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 RU-vid 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 RU-vid was a bargain at €1.65 Billion.

@justinsutton5005 2 года назад

@@collegeineurope509 I'm sorry search engines are not monopolies. Google however has around 44% in digital advertisement.

@justinsutton5005 2 года назад

@@collegeineurope509 Also a monopoly has to have over 50% market share

@1.4billion65 2 года назад

he can talk about Forbes 100 companies, which could make 100 vedios.

@needsy1234567 2 года назад

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 👏🏻

@illeagle9560 2 года назад

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

@thebrawlingmemereviewingam7968 Год назад

Yep just like how subaru and daihatsu were doing scooters, mazda did corks (weird but profitable) and military motorcycles and Toyota did wool looms

@illeagle9560 Год назад

@@thebrawlingmemereviewingam7968 mazda was a cork maker? Lmao what the hell, never would have guessed

@pookumz123 Год назад

Samsung is Korean tho

@illeagle9560 Год назад

@@pookumz123 I know, I was bringing it up because of Samsung also starting with something different than what they're known for today

@lostfollower7397 Год назад

Porsche, VW, Mercedes Benz, Daimler, MAN, Audi, and BMW during WW2: *nervous sweating*

@DK-ox7ze Год назад

How did LG manage to become a Chaebol and Samsung's competitor when Samsung had so much influence and power in South Korea?

@coversbyrichard 9 месяцев назад

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…

@zersky495 Месяц назад

*Republic of Samsung

@benkim2016 2 года назад

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!

@wyslink9354 Год назад

cool, hope your friend at least practices good karma cause they probably need a lot of it then

@sicabeat 10 месяцев назад

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.

@TheRomanianCrow 4 месяца назад

Founder of LG? Nice

@evanhuff8254 2 года назад

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.

@theStamax Год назад

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.

@spinyslasher6586 Год назад

He mentions it in part 2 bro. Timestamped: 5:00

@theStamax Год назад

@@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".

@spinyslasher6586 Год назад

@@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.

@theStamax Год назад

@@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.

@tedkaczynskiamericanhero3916 Год назад

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

@Staetik Год назад

Never knew Samsung was soo GANGSTA! Makes me appreciate all my Samsung stuff even more. Wish they made car audio, or do they?

@HaciyevAmin1 Год назад

JBL, AKG, Harman Kardon, Bang&Olufsen are all owned by Samsung 😃

@saylalisalovemelalisalovem3334 Год назад

all of my family members use samsung and are loyal customers of the brand and here im watching this video

@spOnariss 2 года назад

glad to see your channel grows so fast! with these amazing contents, you are unstoppable.

@Koljakid 6 месяцев назад

Me watching this on samsung

@johntolle-fr1cz Год назад

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.

@TPS070 7 месяцев назад

We all know what Empires turn Into, so no thanks on the empire part..we like them as they are

@IQuoteMedia 2 года назад

Who else is watching on a Samsung galaxy???

@The_ProfessionalKid 5 месяцев назад

LOL ME

@serahkingal-hw4jc 3 месяца назад

Me.. And my name is also Lee

@waynecrabtree3938 2 месяца назад

The s24 ultra

@siyzerix 8 месяцев назад

Ah, the real life cyberpunk 2077

@lukehTM 2 года назад

I have been here since the beggining! Great video and happy to see you grow

@tarabottogino Год назад

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!

@entkalb557 Год назад

Been watching these mini documentaries on your channel for a while now. One or 2 videos a day 😆 they're very well made!!

@crwn5164 Год назад

You narate stories so smooth that I can't seem to stop watching your videos.

@oloruntobaowojaiye5905 Год назад

Please do you have a blog ? This is amazing. Please expand to a blog and put the same stories there. Great work

@gotxagaming4982 2 года назад

Good job on the videos bro, nice selection of information too :)

@_123Ackerman 2 года назад

the first youtube channel i always disappointed when the video is not 40 minute 😅😅😅

@jamesklusener 2 года назад

Watching on my Samsung

@hbvlogs76 Год назад

Found your channel Today...amazing content...Great channel...keep up the good work...

@danielucheibeh7971 11 месяцев назад

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

@ethiopiawenet8041 2 года назад

i really love your videos man...just keep posting

@ImprovementGang 2 года назад

Wow, I never knew that is how Samsung started. I guess there are a lot of dark roots for all companies.

@FlyingPigChannel 2 года назад

@@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

@FlyingPigChannel 2 года назад

@@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 :)

@h.m.5724 2 года назад

@@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

@kaush8491 Год назад

@@FlyingPigChannel Every big companies have a dark side and huge powerful connection with the government without power u can't be top of world

@iamgreat1234 Год назад

Japan - Toyota Korea - Samsung China - Sinopec Singapore - Trafigura UK - British Petroleum France - Total Germany - Volkswagen US - Walmart

@lunam7249 Год назад

Your very very smart!!❤

@YusufSumarlin 2 года назад

Always love the videos, keep up the good work man.

@coolbeans6357 Год назад

This is by far the best Chanel I've subscribed to... ty for all the great informational movies 🎬

@Bruhh253 2 года назад

Another good work from the good man. ❤️🔥

@Ares4twenty69 Год назад

You should definitely do one about walmart

@fffff8930 2 года назад

Dude the editing and voiceover 🔥🥵🔥

@leisuretalks 2 года назад

Your video editing skills are awesome. Where did you learn ?

@emmanueldavid3964 2 года назад

So Informative.👍

@alexongashum5288 10 месяцев назад

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🌝

@mgreek31 2 года назад

Thanks for the video.. really helps

@GiiftiHair 2 года назад

What a amazing vidoe !! I feel so inspired

@UnwindAndChill 2 года назад

great video john. i enjoyed the music playing in the video. see you soon at 1million subs. i wish you the very best.

@OnurTheXbot Год назад

Sadly, most Tech Giants are like this.

@carmcarm8230 Год назад

Great videos!!!!

@praneethkavi5055 2 года назад

Why are the edits so good .. is there someone working for it or what?

@Mr.PDF_File 2 года назад

Maybe an editor 🤔

@dragxito136 2 года назад

@@Mr.PDF_File he work himself

@williamgodfrey2355 6 месяцев назад

Love watching your videios so glad u have ur ch back :)

@peterramsay1767 2 года назад

“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.”

@ibrahimfaizan6047 2 года назад

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

@kathyfrugalsen3047 2 года назад

@@ibrahimfaizan6047 Sounds like plan, how do you put money to work?

@ibrahimfaizan6047 2 года назад

@@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 ?

@kathyfrugalsen3047 2 года назад

@@ibrahimfaizan6047 Thanks for replying me, I've heard so many people talk about investment but none had said how to do it right.

@hoshifuyo4494 2 года назад

Am hoping on you can explain more on how you make extra income from investments

@markarca6360 2 года назад

Watching this video on a Samsung 📱.

@neilchristiancalajate6747 2 года назад

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.

@Germ5563 2 года назад

Because Apple Or Should I Say Crapple Funnels Their Consumers Into Their Tight User Experience Controlling Every Aspect.

@indieshd 2 года назад

Always good content 👌

@ffangstromgaming6996 2 года назад

Love your documentory ❤️

@X_479 2 года назад

Great content man

@balatedijosia6444 2 года назад

Always Enjoying ur Content Brother Keep up the Smart 🧠 work you doing 🎊 🎊 🎊

@lindagaiko8919 Год назад

Very informative!

@epiciphones Год назад

thanks for your awesome video's!!!❤❤

@nikanj6 2 года назад

Excellent content.

@charliepea Год назад

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.

@kingsleykumi5049 2 года назад

Samsung could have been among the top 5 companies in the world if it was listed on the US stock exchange.

@kiloneie Год назад

I doubt it would be a good idea with how shady their roots are.

@wideseen Год назад

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.

@vaibhavsharma3012 2 года назад

lovee you bruv, really liked this video

@kevininyanje9110 2 года назад

Great work

@MostlyMobiles 2 года назад

Another Great video

@drmediatrition4571 2 года назад

Vdo was really greate! Can you ease include the life story and down parts

@thabisovuyohlalukana5037 Год назад

This is the only page I allow ads play on because it has contributed so much to what I know.

@_purejoy_ 2 года назад

Love your videos. You've surpassed your mentor James Jani

@conrado. 2 года назад

Be consistent You are great

@chris623able 2 года назад

No, youre the legend. Great video, dude. thanks!

@mrmeseas1225 Год назад

Nice video!

@bipolarman9246 Год назад

Editing quality and your narratives.. what's your business? A perfect youtuber?

@tommy2900 Год назад

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.

@vita8208 Год назад

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?

@user-zc7rb8eb6n Год назад

Yes. Literally Samsung is the world’s largest semiconductor company.

@dannyguz1258 Год назад

Burh you tweaking samsung has beat apple in the phone industry by some years now.

@treyyoungley6171 Год назад

I find it mind boggling little tiny businesses form into one of the biggest in the workd

@cidguy Год назад

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.

@drjag2861 2 года назад

Fantastic video you got a subscribe

@sayiankaparsanka1476 2 года назад

It is weird that I am watching the story of samsung on a Samsung

@kevichadi233 Год назад

Same here 😃👍

@archie12321 Год назад

you had 155k subs 6 months ago?? the channel growth is deserved for sure

@mesouls Год назад

samsung founder is just so smart

@iliev.baflingstel Год назад

What is the name of the music that starts at 2:45 ? Great video!

@nicholasalder546 Год назад

Amazing man

@happydays8171 Год назад

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.

@6zz 2 года назад

Man I swear your channel so fkn underrated

@Povilaz Год назад

Very interesting!

@anthonylim2428 Год назад

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.