Samsung History

Topics: Samsung Group, Chaebol, Samsung Electronics Pages: 21 (6512 words) Published: August 22, 2013
Type| Chaebol|
Industry| Conglomerate|
Founded| 1938|
Founder(s)| Lee Byung-chul|
Headquarters| Samsung Town, Seoul, South Korea|
Area served| Worldwide|
Key people| Lee Kun-hee
(Chairman of Samsung Electronics)|
Products| Apparel, chemicals, consumer electronics, electronic components, medical equipment, precision instruments, semiconductors,ships, telecommunications equipment| Services| Advertising, construction, entertainment, financial services, hospitality, information and communications technology services, medical services,retail| Revenue|  US$ 247.5 billion (FY 2011)[1]|

Net income|  US$ 18.3 billion(FY 2011)[1]|
Total assets|  US$ 384.3 billion (FY 2011)[1]|
Total equity|  US$ 159.6 billion (FY 2011)[1]|
Employees| 369,000 (FY 2011)[1]|
Subsidiaries| Samsung Electronics
Samsung Life Insurance
Samsung Fire & Marine Insurance
Samsung Heavy Industries
Samsung C&T
Samsung SDS
Samsung Techwin etc.|

The Samsung Byeolpyo noodles logo, used from late 1938 until replaced in 1958. | |
The Samsung Group logo, used from late 1969 until replaced in 1979 | |
The Samsung Group logo (“three stars”), used from late 1980 until replaced in 1992 | |
The Samsung Electronics logo, used from late 1980 until replaced in 1992 | |
Samsung's current logo, in use since 1993.[115] |

1938 to 1970

The headquarters of Samsung Sanghoes in Daegu in the late 1930s In 1938,[15] Lee Byung-chull (1910–1987) of a large landowning family in the Uiryeong county came to the nearby Daegu city and founded Samsung Sanghoe (삼성상회, 三星商會), a small trading company with forty employees located in Su-dong (now Ingyo-dong). It dealt in groceries produced in and around the city and produced its own noodles. The company prospered and Lee moved its head office to Seoul in 1947. When the Korean War broke out, however, he was forced to leave Seoul and started a sugar refinery in Busan named Cheil Jedang. After the war, in 1954, Lee founded Cheil Mojikand built the plant in Chimsan-dong, Daegu. It was the largest woollen mill ever in the country and the company took on the aspect of a major company. Samsung diversified into many areas and Lee sought to help establish Samsung as an industry leader in a wide range of enterprises, moving into businesses such as insurance, securities, and retail. Lee placed great importance on industrialization, and focused his economic development strategy on a handful of large domestic conglomerates, protecting them from competition and assisting them financially.[16] In 1948, Cho Hong-jai (the Hyosung group’s founder) jointly invested in a new company called Samsung Mulsan Gongsa (삼성물산공사), or the Samsung Trading Corporation, with the Samsung Group founder Lee Byung-chull. The trading firm grew to become the present-day Samsung C&T Corporation. But after some years Cho and Lee separated due to differences in management between them. He wanted to get up to a 30% group share. After settlement, Samsung Group was separated into Samsung Group and Hyosung Group, Hankook Tire, and others.[17][18] In the late 1960s, Samsung Group entered into the electronics industry. It formed several electronics-related divisions, such as Samsung Electronics Devices Co., Samsung Electro-Mechanics Co., Samsung Corning Co., and Samsung Semiconductor & Telecommunications Co., and made the facility in Suwon. Its first product was a black-and-white television set. 1970 to 1990

The SPC-1000, introduced in 1982, was Samsung's first personal computer (Korean market only) and uses an audio cassette tape to load and save data – the floppy drivewas optional[19] In 1980, Samsung acquired the Gumi-based Hanguk Jeonja Tongsin and entered the telecommunications hardware industry. Its early products were switchboards....
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