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| Year | Spending, in million USD |
|---|---|
| 2023 | 3.18 |
| 2022 | 5.79 |
| 2021 | 3.72 |
| 2020 | 3.33 |
| 2019 | 3.47 |
| 2018 | 3.85 |
| 2017 | 3.50 |
| 2016 | 1.64 |
| 2015 | 1.68 |
| 2014 | 1.41 |
| 2013 | 1.32 |
| 2012 | 0.90 |
| 2011 | 0.15 |
| 2010 | 0.20 |
| 2009 | 0.34 |
- Region: United States
- Time period: 2009 to 2023
- Published: Oct 2023
Data Analysis and Insights
Sharp Increase in Lobbying Spending Over 15 Years
Samsung's lobbying expenses in the U.S. experienced a sharp increase from 0.15 million USD in 2011 to 3.18 million USD in 2023, indicating a significant growth in their strategic investment to influence policy and regulatory decisions. This growth highlights the company's expanding focus on U.S. legislative matters over the years.Record High Lobbying Expenses in 2022
The year 2022 saw Samsung's highest recorded lobbying expenses at 5.79 million USD. This peak demonstrates the company's aggressive approach to advocacy, likely in response to specific regulatory challenges or opportunities during that period.Trend of Increasing Lobbying Investment
From 2009 to 2023, Samsung's lobbying expenses demonstrated a general upward trend, with the exception of a few years. The expenses more than quadrupled from 0.34 million USD in 2009 to 3.18 million USD in 2023, reflecting the company's growing emphasis on navigating U.S. policy environments.Significant Year-on-Year Fluctuations
Despite the overall growth trend, Samsung's lobbying expenses showed significant year-on-year fluctuations, notably the decrease from 5.79 million USD in 2022 to 3.18 million USD in 2023. Such variations suggest a strategy responsive to the changing political landscape and specific business needs.Early Years of Minimal Lobbying Effort
The early years from 2009 to 2011 marked minimal lobbying efforts by Samsung, with expenses under 0.35 million USD. This period likely represents the initial stages of Samsung's engagement in U.S. lobbying, which has since become a key part of their business strategy.Steady Growth Following Initial Investments
After the initial minimal investments in lobbying, Samsung demonstrated a steady increase in spending, surpassing 1 million USD by 2012 and maintaining a general upward trajectory until reaching the peak in 2022. This steady growth underscores the company's commitment to influencing U.S. policy and regulatory landscapes to its advantage.Frequently Asked Questions
When did Samsung record the highest lobbying expenses?
How much did Samsung's lobbying expenses increase in recent years?
Samsung's lobbying expenses quadrupled from 0.34 million USD in 2009 to 3.18 million USD in 2023.
Terms and Definitions
Samsung is a South Korean multinational conglomerate that comprises a number of subsidiaries and affiliated businesses. It's one of the largest businesses in South Korea, manufacturing a wide range of products, including but not limited to, smartphones, televisions, and computers.
U.S. Lobbying is a practice where companies, organizations, or individuals attempt to influence decisions made by officials in the U.S. Government, most often legislators or members of regulatory agencies, to favor their interests.
Lobbying expenses are the costs related to carrying out lobbying activities by a company or organization. These can include payments to lobbying firms, fees to lobbyists, contributions to political campaigns or political groups, and other resources necessary to influence legislation or policies.
Lobbying firms are companies that offer lobbying services to other organizations or individuals. They often employ lobbyists who have expertise in specific policy areas and have established relationships with policymakers and other influencers in the political and legislative environments.
Lobbyists are professionals employed either by a lobbying firm, a company, an organization, or acting independently, who aim to influence decisions within government bodies. They may represent organizations, corporations, or interest groups and work to persuade government members to make decisions in their clients' favor.
Regulatory agencies are public authorities or government agencies that have the power to issue regulations, oversee and enforce them. They may regulate a wide range of activities, including business practices, environmental standards, and public utilities, depending on their mandate.
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