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    Company As A Whole

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    1) Samsung was founded in 1938 in South Korea as a small trading company called Samsung Sanghoe and diversified into areas like food production and woolen mills. 2) In the late 1960s, Samsung entered the electronics industry through divisions like Samsung Electronics and produced its first black-and-white television sets. 3) Samsung invested heavily in research and development in the 1980s and 1990s, helping push it to become a leading global electronics company with production facilities around the world.

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    Company As A Whole

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    rishabh-jain-9275
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    1) Samsung was founded in 1938 in South Korea as a small trading company called Samsung Sanghoe and diversified into areas like food production and woolen mills. 2) In the late 1960s, Samsung entered the electronics industry through divisions like Samsung Electronics and produced its first black-and-white television sets. 3) Samsung invested heavily in research and development in the 1980s and 1990s, helping push it to become a leading global electronics company with production facilities around the world.

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    1) Samsung was founded in 1938 in South Korea as a small trading company called Samsung Sanghoe and diversified into areas like food production and woolen mills. 2) In the late 1960s, Samsung entered the electronics industry through divisions like Samsung Electronics and produced its first black-and-white television sets. 3) Samsung invested heavily in research and development in the 1980s and 1990s, helping push it to become a leading global electronics company with production facilities around the world.

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    21 views2 pages

    Company As A Whole

    Uploaded by

    rishabh-jain-9275
    1) Samsung was founded in 1938 in South Korea as a small trading company called Samsung Sanghoe and diversified into areas like food production and woolen mills. 2) In the late 1960s, Samsung entered the electronics industry through divisions like Samsung Electronics and produced its first black-and-white television sets. 3) Samsung invested heavily in research and development in the 1980s and 1990s, helping push it to become a leading global electronics company with production facilities around the world.

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    In 1938, Lee Byung-chull (1910–1987) of the large landowning family in the Uiryeong

    county came to the nearby Daegu city and founded Samsung Sanghoe (삼성상회), 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 noodles itself. 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 as a name of
    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 an aspect of a major company.

    Samsung diversified into many areas and Lee sought to 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. He later banned several foreign companies from
    selling consumer electronics in South Korea in order to protect Samsung from foreign
    competition[citation needed].

    In the late 1960s, Samsung Group began 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. In
    1980, the company acquired Hanguk Jeonja Tongsin in Gumi, and started to build
    telecommunication devices. Its early products were switchboards. The facility were
    developed into the telephone and fax manufacturing systems and became the centre of
    Samsung's mobile phone manufacturing. They have produced over 800 million mobile
    phones to date.[17] The company grouped them together under Samsung Electronics Co., Ltd.
    in the 1980s.

    View of the Samsung logo inside the Time Warner Center in New York City.

    In the late 1980s and early 1990s, Samsung Electronics invested heavily in research and
    development, investments that were pivotal in pushing the company to the forefront of the
    global electronics industry. In 1982, it built a television assembly plant in Portugal; in 1984, a
    plant in New York; in 1985, a plant in Tokyo; in 1987, a facility in England; and another
    facility in Austin in 1996. In total, Samsung has invested about $5.6 billion in the Austin
    location – by far the largest foreign investment in Texas and one of the largest single foreign
    investments in the United States. The new investment will bring the total Samsung
    investment in Austin to more than $9 billion.[18]
    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 United Arab Emirates.[19] In 1993, Lee Kun-hee sold
    off ten of Samsung Group's subsidiaries, downsized the company, and merged other
    operations to concentrate on three industries: electronics, engineering, and chemicals. In
    1996, the Samsung Group reacquired the Sungkyunkwan University foundation.

    Compared to other major Korean companies, Samsung survived the 1997 Asian financial
    crisis relatively unharmed. However, Samsung Motor was sold to Renault at a significant
    loss. As of 2010, Renault Samsung is 80.1 percent owned by Renault and 19.9 percent owned
    by Samsung. Additionally, Samsung manufactured a range of aircraft from the 1980s to
    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. However, Samsung
    still manufactures aircraft engines.[citation needed]

    Samsung Group headquarters at Samsung Town, Seoul.

    Samsung became the largest producer of memory chips in the world in 1992, and is the
    world's second-largest chipmaker after Intel (see Worldwide Top 20 Semiconductor Market
    Share Ranking Year by Year).[20] In 1995, it built its first liquid-crystal display screen. Ten
    years later, Samsung grew to be the world's largest manufacturer of liquid-crystal display
    panels. Sony, which had not invested in large-size TFT-LCDs, contacted Samsung to
    cooperate, and, 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 both manufacturers. S-LCD is
    owned by Samsung (50% plus 1 share) and Sony (50% minus 1 share) and operates its
    factories and facilities in Tangjung, South Korea.

    Samsung Electronics overtook Sony as one of the world's most popular consumer electronics
    brands in 2004 and 2005, and is now ranked #19 in the world overall.[21] Behind Nokia,
    Samsung is the world's second largest by volume producer of cell phones with a leading
    market share in the North America and Western Europe.[22]

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