Samsung company
Samsung is one of the world's largest providers of technology . Started as a trading company exporting various products from South Korea to Beijing , China . Founded by Lee Byung - chul in 1938 , Samsung has gradually evolved into a multinational corporation that it is today.
The word Samsung means " three stars " in Korean . It is a name associated with the various types of businesses in South Korea and in various parts of the world . Internationally , people associate the name with the electronics , information technology and development .
history of Samsung
Samsung 's history began in 1938 where Lee Byung - Chull ( 1910-1987 ) came from a family of land owners in the area Uiryeong come to Daegu city and founded Samsung Sanghoe , a small trading company with forty employees located in Su - dong ( now Ingyo - dong ) . Lee built the company that is progressing and he moved its head office to Seoul in 1947 . When the Korean War broke out , Lee was forced to leave Seoul and started sugar refinery in Busan as a name of Cheil Jedang . After the war , in 1954 , Lee founded Cheil Mojik and build factories in Chimsan - dong , Daegu as a woolen mill .
Lee sought to establish Samsung as an industry leader in many fields , such as insurance , securities , and retail . In the late 1960s , Samsung Group began to develop into industrial electronics and electronic form 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 . The first product is a black and white television set . In 1980 , the Company purchased Hanguk Jeonja Samsung Tongsin in Gumi , and started to build telecommunication devices . Its early products were Switchboards . This facility has been developed into the telephone and fax manufacturing systems and became the center of Samsung's mobile phone manufacturing . They have produced more than 800 million mobile phone . The company grouped them together under Samsung Electronics Co. , Ltd. in the 1980s .
In the late 1980s and early 1990s , Samsung Electronics invested heavily in research and development , investments are important in driving the company to the forefront of the global electronics industry . In 1982 , Samsung built a television assembly plant in Portugal , in 1984 , samsung build a factory in New York , in 1985 , samsung build a factory in Tokyo , in 1987 , samsung build facilities in the UK , and other facilities in Austin in 1996 . In total , Samsung has invested $ 5.6 billion in Austin - by far the largest foreign investment in Texas and one of the largest single foreign investment in the United States . Samsung new investment in Austin a total of more than $ 9 billion .
Samsung started to rise as an international corporation in the 1990s . Samsung's construction branch was awarded a contract to build one of the two Petronas Towers in Malaysia , Taipei 101 in Taiwan and the Burj Khalifa in the United Arab Emirates . In 1993 . , Lee Kun - hee sold ten of Samsung Group's subsidiaries , downsized the company , and others joined operations to concentrate on three industries are electronics , engineering , and chemicals . In 1996 , Samsung Group to buy back Sungkyunkwan University foundation .
Compared to other Korean big companies , Samsung survived the 1997 Asian financial crisis relatively big impact . However , Samsung Motor was sold to Renault have suffered significant losses . In 2010 , the stock Renault Samsung is 80.1 percent owned by Renault and 19.9 percent owned by Samsung . In addition , Samsung produces a wide range of aircraft from the 1980s -1990s . The company was founded in 1999 as Korea Aerospace Industries ( KAI ) , the result of merger between then three domestic major aerospace divisions of Samsung Aerospace , Daewoo Heavy Industries , and Hyundai Space and Aircraft Company .
Samsung became the largest producer of memory chips in the world in 1992 , and the world 's second-largest chipmaker after Intel . Ten years later , Samsung grew into the largest manufacturer in the world to make liquid-crystal display panels . In 2006 , S - LCD was established as a joint venture between Samsung and Sony in order to provide a stable supply of LCD panels for them and operate the factories and build facilities in Tangjung , South Korea .
Samsung Electronics surpass Sony as one of the most popular brands in the world of consumer electronics in 2004 and 2005 , and now ranks 19th in the world as a whole . Samsung became the second largest company after Nokia mobile phone manufacturer by volume , especially the leading market share in North America and Western Europe .
Samsung's success as a provider of technology continues to evolve through the eighties such as Samsung Electronics has joined with Samsung Semiconductor and Telecommunications . This paved the way towards a strong hold on the international market with high-tech products that will become a staple in every home . This development continues as the next decade as Samsung continues to exceed the limits and restructuring business plan to accommodate the global scene . Adopt a new form of management proved to be a wise move for the company as their product goes on the list of top must -haves in their various fields . TV - LCD , picture tube , Samsung printers and other high-tech products acquisitions became known for their high quality . When Samsung ventured into the LCD industry in 1993 , became the best in the world .
Excellent method of quality control company that made her successful in providing only the best products to the whole world . It applies a " Stop Line " system where each person can stop the production process in the event that the product is found to be substandard.
For now , Samsung continues to maintain its status as the best operator in the world " it " technology . Its highly qualified workforce is still striving for excellence in their respective fields to make the whole enterprise a great success in the making . The secret of success continued in the constant improvement of the company 's management structure and implementation of his philosophy : " We will devote our human resources and technology to create products and services , thereby contributing to a better global society . "
