History of Samsung:

 

1938 - 1969 

 

Samsung's Beginnings

On March 1, 1938, founding chairman Byung-Chull Lee started a business in Daegu, Korea, focused primarily on trade export, selling dried Korean fish, vegetables, and fruit to Manchuria and Beijing. In little more than a decade, Samsung which means "three stars" in Korean would have its own flour mills and confectionery machines, its own manufacturing and sales operations, and. From these humble beginnings, Samsung would ultimately evolve to become the modern global corporation that still bears the same name today.

 

1970 - 1979 

Diversifying in Industries and Electronics

In the 1970s, Samsung laid the strategic foundations for its future growth by investing in the heavy, chemical, and petrochemical industries. Another burst of growth for Samsung, came from the burgeoning home electronics business. Already a top manufacturer in the Korean market, Samsung Electronics began to export its products for the first time during this period.

 

 

1980 - 1989 

Entering the Global Marketplace

Samsung’s core technology businesses diversified and expanded globally during the late 1970s and early 1980s. During this period, Samsung restructured old businesses and entered new ones with the aim of becoming one of the world’s top five electronics companies.

 

1990 - 1993 

Competing in a Changing Tech World

The early 1990s Presented tremendous challenges for high-tech businesses.

 

1994 - 1996

Becoming a Global Force

In the mid-1990s, Samsung revolutionized its business through a dedication to making world-class products, providing total customer satisfaction, and being a good corporate citizen all under the vision of "quality first".

 

 

1997 - 1999 

Advancing the Digital Frontier

Despite the 1997 financial crisis that affected nearly all Korean businesses, Samsung was one of a few companies that continued growing, thanks to its leadership in digital and network technologies and its steady concentration on electronics, finances, and related services.

 

Present - 2005

Fortune Global Top Company, Samsung

With the success of its electronics business, Samsung has been recognized globally as a industry leader in technology and now ranks as a top 10 global brand.