History of Samsung
Samsung was founded in 1938 by Lee Byung-chul in Su-dong, South Korea, as a small trading company
that initially sold dried-fish, noodles, and other goods. Over the years, it expanded into various
sectors, including textiles, insurance, and food processing. In the 1960s, Samsung began to focus on
industrialization to help boost South Korea's economy, establishing itself in the electronics and
construction industries. This move marked Samsung’s entry into sectors that would later define its
global identity.
The electronics division, formed in the late 1960s, was a key turning
point
for Samsung. The company began producing televisions, microwaves, and other household appliances,
steadily expanding its range and improving the quality of its products. By the 1980s, Samsung’s
investments in electronics paid off, and it became a major player in consumer electronics and
semiconductor manufacturing. Samsung Electronics emerged as a global brand known for quality and
innovation, helping Samsung become a household name worldwide.
In the 1990s and 2000s,
Samsung
made a strong push in the mobile phone market, eventually leading to the release of its Galaxy
series, which became one of the most successful smartphone lines globally. Samsung's commitment to
research and development drove it to the forefront of technology, and it now holds a significant
share in industries such as smartphones, semiconductors, and home appliances. Today, Samsung is a
leading multinational conglomerate, recognized for its technological innovations and influential
role in shaping the modern electronics industry.
Despite challenges and competition,
Samsung’s
ability to adapt has kept it at the top of the tech world. From humble beginnings as a trading
company to a global leader in technology, Samsung’s history reflects a journey of resilience,
innovation, and a constant drive to push the boundaries of what technology can achieve.