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[4K] Lunch Break in Samsung HQ in Seoul Korea

"What's the Annual Salary of Samsung Employees?"

Hello everyone!
Today, I visited Samsung Town, Seocho-dong, where Samsung's headquarters, the number one company in Korea, is located during lunch. Completed in 2008, Samsung Town consists of three buildings with 32-44 floors and is connected to Gangnam Station in Seoul. At one time, about 20,000 Samsung employees worked, and it was a business district with 200,000 people coming and going every day. Samsung Electronics has left for Suwon and Samsung C&T has left for Pangyo and Jamsil, but this is still the headquarters of the Samsung Group.

At lunchtime, the alleys around Samsung Town are filled with office workers. People who have finished eating early are walking down the street with take-out coffee. Office workers from other buildings in the neighborhood also flock to it, so during lunch time, the area is crowded with many people.

Employees of the Samsung Group suffer from performance pressure and fierce competition, instead of receiving the highest level of salary and amazing welfare benefits. The employee turnover rate is around 5%, which is relatively high among large domestic companies. What is the atmosphere of the lunch break for Samsung employees who are free from heavy work and have a refresh time?

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#samsung_digital_city #samsung_group #samsung_headquarters
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⭐️by "The Korea Herald" Feb 21, 2016
Samsung Electronics is expected to complete the relocation of its Seoul offices to Suwon, Gyeonggi Province, next month, a move that is widely considered part of Samsung Group’s ongoing business restructuring.

Even though the tech giant has been headquartered in Suwon where its production facilities are based since 1973, the Seoul office has played a control tower role together with Samsung Corporate Strategy Office that oversees all group companies.

Samsung Group has created the so-called “Samsung Town,” consisting of three skyscrapers, in Seocho-dong, southern Seoul, since 2008, with Samsung Electronics, the crown jewel, occupying the tallest 44-story building.

Under the relocation plan, some 5,000 designers and developers have already moved out to a new research and development campus in Umyeon-dong, southern Seoul, while the remaining supporting division workers will be relocated to Suwon on March 18.

The vacant offices will be occupied by Samsung’s financial units such as Samsung Life Insurance and Samsung Card that have been based in Taepyeong-ro, central Seoul.

The relocation comes as Samsung is streamlining its sprawling businesses into two main pillars -- tech and finance. In recent years, Samsung has sold off less profitable businesses such as defense and chemicals. Last week, it was rumored to be considering selling its advertising unit Cheil Worldwide to French ad giant Publicis Groupe.

“Samsung says the relocation aims to seek synergies among tech divisions. But it seems unavoidable more resources will be poured into financial units,” said an industry source on condition of anonymity.

Samsung Electronics vice chairman Lee Jae-yong, who has become the group’s de facto leader since his father Lee Kun-hee’s hospitalization in May in 2014, has also renewed commitment to the group’s financial units.

“In the past, Samsung was focused more on launching new products. But now they realize financial services should be supported to tap deeper into overseas markets,” another source said.

At the center of the new push is Samsung Pay, its mobile payments service, with which the company aims to build customer loyalty for its future device sales.

While its rivals such as Apple receive fees from card companies, Samsung offers the service free of charge to penetrate the market faster.
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