HISTORY SAMSUNG
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Samsung Grup (Hangul: 삼성; hanja: 三星; Korean pronunciation: [sʰamsʰʌŋ]) is a multinational conglomerate based in Samsung Town, Seoul, South Korea. [3] many of them are united under the Samsung brand and are the largest chaebol (business conglomerate) in South Korea. Samsung was founded by Lee Byung-Chul in 1938 as a trading company. Over the next three decades, the group has diversified into areas, including food processing, textiles, insurance, securities and retail. Samsung entered the electronics industry in the late 1960s and shipbuilding and industrial construction in the mid-1970s; these areas have stimulated its further growth. Following Lee’s death in 1987, Samsung was split into four business groups — Samsung Group, Shinsegae Group, CJ Group and Hansol Group. Since 1990, Samsung has increasingly globalized its business and electronics; in particular, its mobile phones and semiconductors have become the most important source of income.

The most well-known Samsung affiliates are: Samsung Electronics (the largest information technology company in the world measured in 2012 as revenue and fourth in market value) [4], Samsung Heavy Industries (the second largest manufacturer of ships in the world, measured by revenue by 2010) [5] and Samsung Engineering and Samsung C&T (the world’s 37th largest construction company). [6] Other notable subsidiaries are Samsung Life Insurance (the fourteenth largest life insurance company in the world) [7], Samsung Everland (administrator of Everland Resort, the oldest theme park in South Korea) [8] and Cheil Worldwide ( the fifteenth largest advertising agency in the world measured by revenue in 2012). [9] [10]

Samsung has a strong influence on South Korea in economic, political, media and cultural development and has been a major driving force behind the “Miracle on the Han River”. [11] [12] Its affiliates produce about one-fifth of South Korea’s total exports. [13] Samsung’s revenue was equal to 17% of South Korea’s $ 1.082 billion GDP. [14] 1930–1980

1938: Byung-Chul Lee sets up his small business in Daegu, called the Samsung Store

1950 — Byung-Chul Lee is the founder of the Seoul-based Samsung Trading Company

1953: Samsung begins production of sugar, which was later taken over by the CJ Corporation

1954: Cheil Industries is founded

1958: Samsung starts insurance business

1963: The first department store / warehouse opens in Seoul

1964: Samsung launches Tongyang Broadcasting Company (TBC), which later merged with KBS

1965: Samsung gives birth to Joong-Ang Ilbo, which is no longer affiliated with the company

1969: Samsung Electronics is founded

1974: The Heavy Industry and Petrochemical industry is born

1976: The company receives an export award from the government because it was part of the national development program

1977: Samsung Construction appears as a result of this award. In addition, the Samsung Shipbuilding branch is also established

1982: Samsung prepares a professional baseball team

1983: Samsung produces its first computer chip, 64k DRAM

Towards the end of the 1980s, Samsung expanded into the field of petrochemicals and electronics

Samsung means three stars in Korean. Lee Byung-Chull founded Samsung in 1938, starting with a small, 40-employee company based in Seoul. The company prospered until the communist invasion of 1950, which caused extensive damage to its founder. He was forced to leave and start all over again in Suwon in 1951. In just one year, the company’s value increased twentyfold. In 1953, Lee opened a sugar refinery — the first manufacturing facility in South Korea since the Korean War. The company prospered under the leadership of Lee, whose goal was for Samsung to be the market leader in every industry in which it operates (Samsung Elecronics). The company also began to expand into services such as insurance, guarantors, and in the early 1970s, Lee borrowed money from foreign companies to enter the mass media industry through radio and television stations (Samsung Electronics). . The regime of Park Chung-Hee, the president of South Korea in the 1960s and 1970s, helped Samsung Electronics and many other Korean companies. Park attached great importance to economic development and supported large, profitable companies, protecting them from competition and helping them financially. His government has banned several foreign companies from selling their electronics in South Korea. To make up for South Korea’s lack of technology expertise, the South Korean government has called on foreign suppliers of telecommunications equipment to offer advanced semiconductor technology in exchange for allowing access to the Korean market (Samsung Elecronics). This has greatly helped Samsung in its attempt to create the first Korean memory chips for quick access. Moreover, although Samsung Electronics could invest in companies outside the country, foreign investors were prohibited from buying Samsung shares (Samsung Electronics). Samsung has prospered significantly in the domestic market.

Later, the Samsung Group split into several branches, such as Samsung Elecron Devices Co., Samsung Elecro-Mechanics Co., Samsung Corning Co. and Samsung Semiconductor & Telecommunications Co., all of which were grouped under the name Samsung Electronics Co., Ltd. in the 1980s. The company’s first product was a black and white television. In the late ’80s and early’ 90s, Samsung Electronics invested heavily in research and development, as well as building the company as a leader in the global electronics industry. In the 1980’s, Samsung produced, shipped, and sold a wide range of electronics and products worldwide. (Samsung Electronics). In 1982 he opened a television assembly plant in Portugal; in 1984, he built a $ 25 million factory in New York; and in 1987 he set up a new $ 25 million space in the United Kingdom. In 1993, Lee Kun-Hee, Lee Byung-Chull’s successor, sold ten of the Samsung Group’s subsidiaries, downsized the company, and combined various operations, focusing on three industries: electronics, engineering, and chemistry (Samsung Elecronics). In 1992, Samsung became the world’s largest manufacturer of memory chips. In 1995 he designed his first liquid crystal display, eventually matching his technological level with that of Sony (Lee Kun-Hee). Samsung has also tried to improve its image internationally. Since 1998, he has spent more than $ 6 billion on marketing, sponsored the last five Olympics, and staged a major video commercial in Times Square in 2002 (Lee Kun-Hee). Samsung is also involved in the Asian Games, contributing through the Samsung Nations Cup Riding Competition, Samsung Running Festival, Champion