Samsung was founded in 1938 by Lee Byung chulcomo, it is highly recognized as a trading company, for three decades, the group diversified into areas including food processing, textiles, insurance, securities and retail.
Samsung entered the industry in the late sixties and the shipbuilding and shipbuilding industry in the mid-seventies; these areas really drove its growth entirely later.
After Lee’s death in 1987, Samsung split into four business groups: Samsung Group, ShinsegaeGroup, CJ Group, and HansolGroup.
Since 1990 Samsung has increasingly globalized its electronic activities and in particular has devoted a large amount of resources to its mobile phone and semiconductor division that have become its most important source of income.
Samsung has a powerful influence on South Korea’s economic development, politics, media and culture and has been a major driving force behind the «Miracle on the Han River.»
Its affiliated companies produce about a fifth of South Korea’s total exports. Samsung’s revenue was equal to 17% of South Korea’s $1.082 billion GDP.
HISTORY OF THE COMPANY.
In 1938, Lee Byung-chul (1910–1987) from a large landowning family in Uiryeong County moved to nearby Daegu City and founded Samsung Sanghoe.
Samsung started as a small trading company with forty employees located in Su-dong. These were dried fish, edibles and locally grown noodles. The company prospered and Lee moved its headquarters to Seoul in 1947.
When the Korean War broke out, he was forced to leave Seoul. He started a sugar refinery in Busan called CheilJedang. In 1954, Lee founded CheilMojik. And he built the plant in Chimsan-dong, Daegu. It was the largest wool mill in the country.
In the 1980s, Samsung Electronics began investing heavily in research and development, investments that were instrumental in pushing the company to the forefront of the global electronics industry.
In 1982, he 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, Texas, in 1996.
As of 2012, Samsung has invested more than US$13,000,000,000 in the Austin facility, which operates under the name Samsung Austin Semiconductor. This makes Austin’s location the largest foreign investment in Texas and one of the largest foreign investments in the United States.
Samsung began growing as an international corporation in the 1990s. Samsung’s construction arm was awarded contracts to build one of the two Petronas Towers in Malaysia, Taipei 101 in Taiwan and BurjKhalifa in the United Arab Emirates.
In 1993, Lee Kun-hee sold ten of the Samsung Group’s subsidiaries, reduced the size of the company, and merged other operations to concentrate on three industries: electronics, engineering, and chemicals.
In 1996, the Samsung Group reacquired the foundation of Sungkyunkwan University.
Compared to other major Korean companies, Samsung survived the 1997 Asian financial crisis relatively unscathed. 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 by Samsung.
In addition, Samsung manufactured a range of aircraft from the 80s to the 90s. The company was founded in 1999 as KoreaAerospace Industries, the result of a merger between the three main aerospace divisions of Samsung Aerospace, Daewoo Heavy Industries and Hyundai Space and Aircraft Company. However, Samsung still manufactures aircraft engines and gas turbines.
In 2000, Samsung opened a computer programming lab in Warsaw, Poland. His work began with set-top box technology before moving on to digital television and smartphones. The smartphone platform was developed with partners, officially launched with the original Samsung Solstice line of devices and other derivatives in 2008, and subsequently developed into the Samsung Galaxy line of devices, including Notes & Edge and other products.
As of 2011, the Warsaw base is Samsung’s most important research and development center in Europe, and is projected to hire 400 new hires per year by the end of 2013.
On September 3, 2014, Samsung announced Gear VR, a virtual reality device in collaboration with Oculus VR and developed for the Galaxy Note 4.
In October 2014, Samsung also announced that it would invest 633 billion South Korean won in the construction of a new 700,000-square-meter production complex in Vietnam.
On December 2, 2014, Samsung announced that it will sell fiber optics to U.S. specialty glass manufacturer Corning Inc.
En 2015, Samsung recibió más patentes en EE. UU. Que ninguna otra empresa, incluidos IBM, Google, Sony, Microsoft y Apple. La compañía recibió 7.679 patentes de servicios públicos hasta el 11 de diciembre.
2016 TO PRESENT.
- In January 2016, Samsung announced that it will work with Microsoft to develop Windows 10-based IoT devices, where the companies will work together to develop products that will run on the platform, as well as to integrate with other companies developing hardware and services at Microsoft. YOU
- Samsung launched a fitness smartwatch called GearFit 2 and a wireless headphone brand called the GearIcon X.
- On August 31, 2016, Samsung announced the Gear S3 smartwatch, which was released on November 18, 2016.
- On March 29, 2017, Samsung unveiled its new Samsung Galaxy S8 and S8+ smartphones.
- On August 29, 2017, Samsung announced its flagship Samsung Galaxy Note8 smartphone. These phones were also complemented by a number of low- and mid-range phones, as well as the Samsung Galaxy S8 Active smartphone, in 2017.
- On October 12, 2018, Samsung announced its new Galaxy A9 with 4 rear cameras.
- On November 8, 2018, Samsung announced a new revamped software design called One UI.
