Discover the entire history of Samsung

Samsung’s story begins in March 1938 with an ambitious man and 30,000 earnings (about $30).

Young South Korean entrepreneur Byung Chull Lee, 29, opens a small business in the city of Taegu.

To contribute to the economic and social development of your country.

By this time, South Korea had already freed itself from Japanese rule and was one of the poorest agricultural countries in the world.

It didn’t take long for the small company selling products such as dried fish and vegetables to enter the trade.

However, and in the manufacture of manufactured products – which helped to reduce the country’s resource shortages.

After the Korean War, the company began to explore products that could replace imports. Because the country suffered from this dependence on imports – and started selling low-cost, daily-use products – starting with sugar and production there.

The good price and quality of the products led to great success for the company.

And Samsung dominated the Korean market. In 1957, he began his first recruitment of employees. Hired recent graduates for the first time in Korea.

A year later, she took control of the insurance company Ankuk Fire and Marine Insurance Co. However, through capital investments and mergers, it begins to increasingly diversify its business.

By the end of the 1950s, Samsung had become the largest company without subsidiaries.

Already in the 60s, Samsung became the largest company in Korea.

Between 1961 and 1965. The company’s exports increased eight times, becoming the leader in the country. However, from 1969 onwards, it began to invest in the chemical industry and the electronics market – which had been underdeveloped until then.

Samsung Electronics

The priority was to stop the production of simple parts for assembly and develop our own technology.

However, in 1975, with the launch of Econo-TV, Samsung Electronics became one of the largest television manufacturers in the Korean market. Korea’s first color TV was developed by Korea – a device it began exporting to Panama in 1997.

However, the company’s catalog had a wide variety of appliances – refrigerators, video cameras, microwaves, etc. Samsung Electronics becomes South Korea’s export pilot.

In the 1980s, Samsung entered the high-tech industry. However, the 1973 oil crisis was the trigger for the company to produce its own national components. And enter more deeply into the semiconductor market – a segment in which the United States and Japan have already stood out.

HISTORY!

However, in 1983, the company decided to shift its semiconductor business towards the production of memory chips.

An attitude that represented an important turning point and was consolidated in the high technology market. In November of that year, 64K DRAM was born.

And there is no way to disconnect the South Korean brand from its most famous line so far: Galaxy.

However, the first cell phone in this family was the Galaxy i7500, which hit the market in 2009.

However, the real culprit behind the company’s enormous success in this sector were the Galaxy S2 and S3, which hit the market in 2011 and 2012 respectively.

And with strong specs and high-quality cameras, its latest models are among the best high-end smartphones.

However today, Samsung’s flagship line is already in its tenth generation (with one foot in the eleventh).

Highlight for the Galaxy S10, which started the discussion about the new WiFi standard (WiFi 6).

Samsung was founded on March 1, 1938 by Lee Byung-chul in South Korea.
Initially, the company was a small food export business, such as dried fish and flour.

In the 1960s, Samsung began to diversify its operations.
It entered the textile industry and then expanded into sectors such as construction and petrochemicals.

In 1969, Samsung launched its first electronics division.
This move marked the beginning of its journey to become a global technology leader.

CONCLUSION

The 1980s were an important milestone for the company. Samsung invested heavily in research and development, creating innovative products. In the 1990s, the brand became a reference in consumer electronics. It launched its first cell phones and consolidated its position in the global market. Currently, Samsung is one of the largest smartphone manufacturers in the world. In addition, it leads markets such as televisions, semiconductors and household appliances. The company is known for its constant innovation. It invests billions in advanced technology such as artificial intelligence and 5G. Samsung also has a significant impact on the South Korean economy. With a legacy spanning more than 80 years, it continues to shape the future of global technology.

And Galaxy Note 10, which is in the Top 3 of the best cameras for smartphones, according to DXOMark.

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