Samsung is comprised of more than 78 different companies and affiliates in a wide range of businesses.
About the founder :
Lee Byung-chull(1910–1987) of a large landowning family in the Uiryeongcounty came to the nearby Daegu city and
founded Samsung Sanghoe(삼성상회, 三星商會), a small trading company with forty employees in 1938. It was
located in Su-dong (now Ingyo-dong). It dealt in groceries produced in and around the city and produced its own noodles.
The journey of Samsung :
In 1938, 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 Mojik and built the plant in Chimsan-dong, Daegu. It was the largest woolen 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. President Park Chung Hee 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.
In 1947, Cho Hong-jai (the Hyosung group’s founder) jointly invested in a new company called Samsung Mulsan Gongsa (삼
성물산공사), 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]
성물산공사), 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]
In the late 1960s, Samsung Group entered into the electronics industry. It formed several electronics-
related divisions, such as Samsung Electronics Devices, Samsung Electro-Mechanics, Samsung Corning, and Samsung
Semiconductor & Telecommunications, and made the facility in Suwon. Its first product was a black-and-white television set.
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