Samsung Electronic Background History

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Samsung was founded by Byung-Chull Lee in 1938 when Byung-Chull Lee came to the nearby Daegu city. It was a small trading company with 40 employees. The word of Samsung means ‘three stars’ in Korea which represents big, numerous and powerful. Byung-Chull Lee established a sugar factory in South Korea in 1953. In his opinion, this act is important because this is the first manufacturer factory built after the Korean War. In 1960s, Samsung moved into various service businesses. Examples of the service businesses are insurance, broadcasting, securities and even a department store. In the late of 1960s, Lee was charges with an illegal sale. Nevertheless, one of Lee’s son was arrested and Lee forced to donate a fertilizer plant to the government to win his release. After Lee’s son was arrested, he decided to break into mass communication industry by launching radio and television station, as well as by manufacturing televisions and electronic components through the Samsung Electronics division. Samsung Electronics was established in Taegu, Korea in 1969. It was the chief subsidiary of South Korea Samsung group. And it also was the largest electronic producer in Asia. Four main divisions in Samsung Electronics, there are Digital Media, Semiconductors, Information & Communication, and Home Appliances. The first product of Samsung Electronics was a small and simple black-and-white television that began selling at early 1970s. From this product, Samsung Electronics developed a different line of consumer electronics that is first sold domestically, and later began exporting. Samsung Semiconductor and Telecommunications Co. was formed in 1978 to make up lack of technology expertise in South Korea. Utilizing its newly acquired knowledge, Samsung became the first Korean manufacturer of low-cost, relatively low-tech, 64-kilobit dynamic random access memory (DRAM) chips. The success of Samsung as a technology provider continues to grow when Samsung Electronics and was merged...
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