Samsung Welstory
Native name | 삼성웰스토리 |
|---|---|
| Headquarters | Seongnam, South Korea |
Key people | Song Kue-jong (CEO) |
Number of employees | 6,772 (2024) |
| Parent | Samsung C&T |
Samsung Welstory (Korean: 삼성웰스토리) is a South Korean food services company founded in 2013.[1] It is a subsidiary of Samsung C&T and has provided services to other Samsung affiliates including Samsung Electronics, Samsung Display, Samsung Electro-Mechanics, and Samsung SDI.[2]
History
Samsung's food services operations date back to 1982, while the Welstory brand was launched in 2007.[1] The 'Samsung Welstory' entity was spun-off from Samsung Everland after its merger with Cheil Industries in 2014. Cheil merged with C&T the year after.[3] In 2014, a Vietnamese subsidiary was established.[1] A Chinese distribution joint venture by the name of ‘Shanghai Welstory’ was established in 2016, with a Japanese wholesaler and Chinese supplier taking minority stakes.[4]
In 2021, four Samsung affiliates were fined KRW 234.9 billion by the Fair Trade Commission for its deals with Welstory, which did not involve open bidding and inflated the value of the services.[3][5] The FTC rejected the companies' remedy plan.[2] Investigators from the Seoul Central District Prosecutors Office raided the headquarters of Welstory and Samsung Electronics in 2022 as part of the probe.[6]
A market research branch was opened in the U.S. in 2024. A subsidiary was also established in Hungary to serve a Samsung SDI factory.[7] In 2025, the minister of food and drug safety visited Welstory to speak on its cooking robots.[8] In October, Welstory signed a memorandum of understanding with Louetlang to expand its presence in Europe.[9]
References
- ^ a b c "About Us | Samsung Welstory". www.samsungwelstory.com. Retrieved 2026-01-23.
- ^ a b "Samsung Welstory's transfer-pricing remedy rejected by FTC". koreajoongangdaily.joins.com. 2021-06-03. Retrieved 2026-01-27.
- ^ a b Su-hyun, Song (2021-07-05). "[News Focus] Welstory: Food for Samsung workers or the Lees?". The Korea Herald. Retrieved 2026-01-27.
- ^ "Samsung to enter joint food venture in Shanghai". koreajoongangdaily.joins.com. 2016-06-23. Retrieved 2026-01-27.
- ^ "Five Samsung companies fined for Welstory scheme". koreajoongangdaily.joins.com. 2021-06-24. Retrieved 2026-01-23.
- ^ "Raids on Samsung Electronics and Welstory unit". koreajoongangdaily.joins.com. 2022-03-28. Retrieved 2026-01-27.
- ^ "Samsung Welstory expands globally, targets Europe and U.S. - 매일경제 영문뉴스 펄스(Pulse)". Pulse (in Korean). Retrieved 2026-01-27.
- ^ "Minister Oh Yoo-kyung supports cooking robots' global expansion at Samsung Welstory". Chosunbiz. 2025-02-10. Retrieved 2026-01-27.
- ^ 도어컴 (2025-10-14). "Louetlang and Samsung Welstory Forge Strategic Alliance to Accelerate K-Food's Global Expansion". 미주중앙일보 (in Korean). Retrieved 2026-01-27.