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  • 4 June 2023
  • Last Update 22 May 2023 06:50

Early History of South Korean Tech Giant SAMSUNG

The history of SAMSUNG which is now one of the giant electronics companies originated from South Korea.

Korean electronics giant Samsung

The history of Samsung, a South Korean industry that describes one of the largest electronics manufacturers in the world. Samsung specializes in the creation of a wide range of consumer electronics as well as industries,

equipment, digital media devices, semiconductors, memory chips, and integrated systems.

This is one of the most well-known names in technology.

It makes up about a fifth of South Korea’s total exports.

Samsung was founded as a grocery store on March 1, 1938, by Lee Byung-Chull.

Samsung started its business in Taegu, Korea, trading noodles and other goods made in and near the city and exporting them to China and its provinces.

Support from the Korean government for Samsung

After the Korean War, Lee increased his business into textiles and opened the largest wool mill in Korea. He focused heavily on industrialization with the aim of helping his country rebuild itself after the war.

During that period his business benefited from new protectionist policies adopted by the Korean government.

It aims to help large domestic conglomerates by protecting them from the competition and sharing them with easy financing.

Throughout the 1970s, the industry expanded its textile manufacturing process.

To cover all production lines—from raw materials to end products—to better compete in the textile industry.

New industrial subsidiaries such as Samsung Heavy Industries, Samsung Shipbuilding, And Samsung Precision Company, Samsung Techwin, were founded.

Not only that, but throughout the same period, history began Samsung industry began to invest.

in heavy industry, chemistry, as well as petrochemicals, which provides a promising development path for the industry.

History of samsung company

Samsung’s corporate history began to penetrate the electronics industry in 1969.

With some divisions focused on electronics — their initial product was black-and-white TV.

Throughout the 1970s, Samsung began exporting home electronics out of the country. At that time, Samsung became a major manufacturer in Korea and acquired a 50 percent stake in Korea Semiconductor.

The late 1970s and early 1980s saw the rapid expansion of Samsung’s technology business.

Samsung SDS was born.

Separate semiconductor and electronics branches were established, and in 1978 an aerospace division was created.

Samsung Information Systems, currently Samsung SDS, was founded in 1985.

to serve the growing business needs of the system development.

Samsung immediately became a leader in data technology services.

Samsung also produced 2 research and development institutions that expanded the industry’s technology line.

so electronics, semiconductors, large polymer chemicals, genetic engineering equipment, telecommunications, aerospace, and nanotechnology.

In the 1990s Samsung continued its expansion into the global electronics market.

Despite its success, those years also revealed the industry scandal that befell Samsung,

including some bribery cases and patent infringement lawsuits.

Nevertheless, the industry continues to make progress in the field of technology and product quality, with some of its technology products.

From semiconductors to pc monitors and LCD screens— they rose to the top 5 in the global market share.

According to samsung’s founder, the meaning of the word Samsung () in Koreanhanja is “three stars“. The word “three” represents something “big, numerous, and powerful”, while “star” means durable, just like the stars in the sky.

The 2000s saw the birth of the Samsung Galaxy smartphone series, which soon not only became a highly praised and historical industrial product.

But it also often tops the annual list of best-selling smartphones worldwide.

Since 2006, the industry has been the best-selling global tv producer. Starting in 2010, the Galaxy series expanded to tablet PCs with the introduction of the Galaxy Tab.

Now Samsung is one of the world’s giant electronics companies from Korea that dominates technology on various fronts.

History of SAMSUNG, the world's giant electronics company
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