Samsung Electronics| History & Facts
Tags: samsung
Published: 2023-02-04 08:50:59



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Lee Byung-Chull founded Samsung as a grocery store in March 1938. His business was founded in Taegu in Korea. He traded noodles and other products from the area and exported them to China and its provinces. (The Korean word for "three stars" is what gave Samsung its name.) After the Korean War Lee expanded his business to textiles and established the largest woolen mill of Korea. His goal was to help his country rebuild after the war, so he emphasized industrialization. His business was able to benefit from the protectionist policies of the Korean government. These policies were designed to protect large domestic conglomerates (chaebol), and provide them with easy financing. The company bought three of Korea's biggest commercial banks, an insurance company, and companies that made cement and fertilizer in the late 1950s. Samsung acquired more insurance companies in the 1960s, as well as an oil refinery and nylon company.

During the 1970s the company expanded its textile-manufacturing processes to cover the full line of production from raw materials all the way to the end product to better compete in the textile industry. Samsung Shipbuilding, Samsung Heavy Industries and Samsung Precision Company (Samsung Techwin), were all established. The company also began to invest in the chemical, heavy and petrochemical sectors during this time, which provided a promising growth path.

**Samsung Electronics**

Samsung Electronics is a global leader in innovation and technology. Samsung Electronics is changing the landscape of televisions, smartphones and tablets.

Samsung has two core divisions to strengthen synergies and provide differentiated products and service. DX (Device eXperience) includes businesses for Visual Display and Digital Appliances, Mobile eXperience and Networks; and DS(Device Solutions) which includes Memory, System LSI and Foundry businesses.

Samsung was founded in 1969 and has maintained a consistent business philosophy. It uses its talent and technology to create superior products and services that make the world a better place. Samsung places a high priority on its employees and technology to achieve this.

Samsung is committed towards sustainable and responsible business operations. Samsung has pledged to achieve net zero emissions enterprise-wide in 2050, to use more renewable energy and to strategically invest to develop new sustainable technologies that will create a better and healthier planet. Samsung's CSR vision, "Together for Tomorrow", also aims to empower the next generation and make positive social change. Empowering People.

**Samsung is a global company**

Lee Byung-Chull, who died in 1987, was succeeded by Lee Kun-Hee. Samsung was divided into five companies. Electronics remained under Lee Kun Hee's leadership while the four other companies were managed by other children and daughters of Lee Byung Chull. Lee Kun-Hee believed that Samsung had become complacent due to its South Korean economic dominance and was not ready for global competition. Lee Kun-Hee famously told Samsung executives "Change everything except your wife and children." He called it a "new management" concept. Samsung demanded that subordinates report errors to their bosses. It promoted women to senior executive positions and discouraged bureaucratic behavior.

In the 1990s, Samsung continued to expand its reach into global electronics markets thanks to Lee Kun-Hee's cultural transformation. Despite the company's success, these years brought with them corporate scandals, including numerous patent-infringement lawsuits and bribery cases. Lee Kun-Hee, a former president Roh Tae Woo's bribery accomplice, was found guilty of this crime in 1996. The judge commuted his sentence and he was released in 1997. The company made significant technological and product-quality improvements, and many of its technology products, which range from LCD screens to computer monitors and semiconductors, rose to the top five positions in global market share.

In the 2000s, Samsung's Galaxy smartphone line was born. These smartphones quickly became not only the most popular but also the most well-known in the world. Samsung was also the supplier of microprocessors to Apple's first iPhone models. It was the largest microprocessor manufacturer in the world in late 20th century and early 21st century. The company is the world's largest manufacturer of televisions, and has been so since 2006. The Galaxy series grew to include tablet computers in 2010 with the Galaxy Tab, and smartwatches in 2013 with the Galaxy Gear. In 2019, Samsung released the Galaxy Fold, a foldable smartphone.

Lee was charged with breach of trust and tax fraud as part of a scheme in April 2008. He resigned shortly after that as Samsung's chairman. He was convicted in July of tax evasion and was sentenced to three-years suspended prison time. Lee was pardoned in December 2009 by the South Korean government so that he could continue to serve on the International Olympic Committee and help lead South Korea's bid for the 2018 Winter Olympics at P'yongch'ang.

Samsung Group executives named Lee Kun-Hee, the largest division of the conglomerate, as the head for Samsung Electronics in March 2010. He was elected chairman of the Samsung Group again in 2012. In 2014, he had a heart attack and was left incapacitated until his passing in 2020. Lee Jae-Yong, Jay Y. Lee's son, was elected de facto leader and retained his positions.

Lee Jae-Yong was sent to prison for bribing Park Geun Hye, the former president. After serving one year, he was released in 2018. His sentence was then suspended. He was released in 2018 after his sentence was suspended. Samsung's imprisonment saw him lead by two and then three co-chief executives officers. In 2020, Lee was also indicted for financial crimes arising from the 2015 merger between two Samsung subsidiaries. The government claimed that Lee had manipulated the values of two of his subsidiaries to consolidate his control over Samsung.

**1970-2006: Electronics reshape the globe through growth**

The 1970s saw seismic changes in the world. Samsung, true to its name, was there to capitalise on technological innovations that made it possible to make better, more profitable electronic products. By today's standards, the company's first consumer electronics products included calculators, washing machines and refrigerators.

The company's reputation for making cheap electronics in the 1980s and 90s limited its growth potential. Lee Kun-Hee, the new CEO, outlined a plan to start manufacturing components for other companies and heavily invest in its electronics division. Samsung's market share, image, and revenue increased over time. The company was poised to dominate the entire industry by the mid 2000s.

- 1974: Samsung acquires Korea Semiconductor, and enters the semiconductor market.
- 1981: Samsung completes the 10-millionth TV set manufacturing plant.
- 1988: The SH-100 is the company's first mobile phone. It was a commercial failure.
- 1998: Lee Kun-Hee, the CEO, steers the company towards manufacturing electronic components. 
- This is a significant step in becoming the largest electronics producer in the world.
- 2004: Samsung creates the first 8GB flash memory chips in the world.

**2007-2012: The Smartphone Wars Begin**

The introduction of the iPhone in 2007 marked the beginnings for the smartphone industry. Samsung launched a number of smartphones that were based on Symbian, Windows Phone and its own in-house operating system.

Samsung's first Samsung Galaxy S phone, which ran the Android operating systems, was not released until 2010. This device allowed Samsung to capture market share from other brands. Samsung phones had a nearly 24% share of the market by late 2011, dwarfing Apple's 15%.

**2013 Today: Global dominance**

Samsung's position as the world's top smartphone manufacturer has remained virtually unchanged since the 2000s. In 2020, Huawei briefly overtook Samsung to become the largest manufacturer in the world. But that advantage didn't last very long. Samsung remains the undisputed king when it comes smartphones and Android-based devices.

Samsung has shifted its focus from competition to innovation over the past few years. The advertising war between Apple and Samsung continues, with each company spending hundreds upon millions to convince consumers that its flagship phone is the best. But few people are changing their loyalty. Even though Pixel phones are often our favorite, not even Google joined the race to create a new smartphone market.

Samsung still has other businesses. It is actually still the 14th largest insurance company in the globe. However, 70% of the annual revenue comes from Samsung Electronics. The company is an electronics company, but it excels in other industries. Samsung is like a person who has a full-time job, and some side hustles that are lucrative.

- 2013: The Galaxy S4 surpasses the S3 to become the most-sold Android phone ever, a record that it still holds in 2022.
- 2013: Record-breaking sales contributed to record profits. Q3 profit was almost $10 billion.
- 2019: The first Samsung TV to display 8K video in HD without external decoders or receivers.
- 2020: Samsung announces the last entries in its Note series, the Galaxy Note 20 Ultra and Galaxy Note 20 Ultra.
- 2022: Samsung's latest flagship phone, the Galaxy S22, received rave reviews.

**Samsung Galaxy S23**

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A few months after revealing two new foldables in March, Samsung is back to kick off 2023 by introducing the latest entries to its flagship line. Although the Galaxy S23, S23+ and S23 Ultra may not be the most impressive phones we have ever seen, they are still great options for those who have been putting off upgrading their aging Galaxy Note 9. We were blown away by last year's Galaxy S22 series, and Samsung has made all three models even better.

We have an exclusive first impression of the Galaxy S23 Ultra. Here's everything you need to know about Samsung Galaxy S23 series.

**Samsung Galaxy S23 series: Software**

The S23's software experience won't change the way the phone works. One UI 5.1 will be available on Samsung's most recent series first, before it is released to older models such as the Z-series last year and all the S22 models. Although it is based on Android 13 we have not yet seen much detail about One UI 5.1. Rumours suggest that One UI 5.1 will make some quality-of-life improvements, such as a new battery widget, AR filters, changes in Samsung Notes for simultaneous editing and changes to Samsung Notes. Google and Samsung are working together to streamline the process of setting up your new phone with Fast Pair. It should appear first on the Galaxy S23 Series.

**Samsung Galaxy S23 series: Cameras**

Although the Galaxy S23 Ultra may look identical to last year's model in appearance, it is getting major changes to improve its photography skills. Samsung's largest smartphone is now sporting its largest ever sensor, 108MP. The S23 Ultra's 200MP sensor should capture incredible detail in a scene. However, you will need to adjust your settings first. The company relies on pixel binning, which converts its huge shots into 50MP and 12MP images. This will greatly improve low-light photography, even in the most darkest situations.

This next-gen hardware will also offer many other improvements, such as 8K video recording at 30FPS instead of 24FPS last year and improved object-based Ai detection.

The S23 and S23+ are smaller phones, but Samsung keeps the same lens lineup last year: a 50MP main sensor, an ultra-wide lens of 12MP capable of 120-degree shots, as well as a 10MP telephoto lens that can be used for 3x optical zoom or up to 30x digital zoom. The Ultra's selfie camera has received an upgrade, with a 12MP lens replacing the 10MP. This allows for better-quality photos and Super HDR support.

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