How did Samsung start?

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Samsung was founded by Lee Byung-Chull on March 1, 1938, as a grocery trading store. The business was initially started in Taegu, Korea selling noodles and other products made in and around the city and trading them to China. Eventually, Lee extended his business producing and selling textiles until he established the largest woolen mill in South Korea.

To help his country recover and redevelop after the Korean War, he focused on industrialization. It was then followed by the establishment of new subsidiaries such as Samsung Heavy Industries, Samsung Shipbuilding, and Samsung Techwin.

Moreover, Samsung invested in the chemical and petrochemical industries. Since 1969, Samsung has also entered the electronics and technology business producing digital devices, appliances, semiconductors, memory chips, etc.

Key Timeline of Samsung’s Development

  • In 1969, Samsung started to create electronic devices such as the black and white television.
  • During the 1970s the company started to export its electronic products abroad.
  • Semiconductor and electronic business branches were established in 1978 and in the early 1980s the rapid development of Samsung in the technology industry was seen.
  • The Samsung Data Systems or Samsung SDS was started in 1985.
  • In the 1990s, it expanded its technological products into computers and LCD screens.
  • Samsung Galaxy Smartphones were introduced in the 2000s and became the best seller of smartphones in the world. Today, Samsung has become one of the most famous producers of mobile phones globally.
  • In 2006, it also became a best-selling company that manufactured televisions.
  • The Samsung Galaxy Tab series was then launched in 2010

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Pieter Borremans
By Pieter Borremans

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