SAMSUNG HISTORY

                 SAMSUNG HISTORY (1938 - 2018)

 Who Based Samsung, when Samsung was Born, along with other Details

The Samsung Group is a South Korean established conglomerate firm that comes with a range of subsidiaries. It is among the biggest companies in Korea, generating virtually one-fifth of the nation's total exports using a key focus in the electronic equipment, heavy industry, construction, and protection businesses.

Other significant subsidiaries of Samsung contain advertising, insurance, and entertainment sector companies.
Samsung History

The little business of just 40 employees began as a grocery shop, exporting and trading products produced in the vicinity of town, such as dried Korean fish and veggies, in addition to its noodles.

The business grew, and shortly expanded to Seoul in 1947 but abandoned after the Korean War broke out.

The successful diversification turned into a growth plan for Samsung, which quickly expanded into the securities, insurance, and retail enterprise. Samsung was concentrated on the redevelopment of Korea following the war using a fundamental focus on industrialization.

Samsung entered the electronics business from the 1960's with the creation of many electronics concentrated divisions.

  

 Samsung assembled their first centers in Suwon, South Korea, in 1970, in which they began creating black and white television sets.

 

Between 1972 and 1979, Samsung started selling washing machines, altered to Samsung Petrochemical after which Samsung Heavy Industries and from 1976, had sold its 1 millionth B&W television.

Back in 1977, they began exporting colour TVs, and based Samsung Construction, Samsung Fine Chemicals, and Samsung Precision Co. (currently called Samsung Techwin).
1980 to Present

Originally building phone switchboards, Samsung enlarged into phone and fax systems that eventually shifted to cellular phone production.

The cell phone company was bundled with Samsung Electronics, which started to invest heavily in research and development during the 1980's.

Back in 1987 with the passing of Lee Byung-chull, the Samsung team was split into four business groups leaving the Samsung Group using electronic equipment, engineering, structure, and many high-tech goods.

Samsung climbed as an global business through the 1990's.

The building division of Samsung procured several high-profile building jobs, including among the Petronas Towers in Malaysia, Taipei 101 in Taiwan along with also the half-mile tall Burj Khalifa Tower at the UAE.



In 1993, Samsung started to concentrate on three sectors - engineering, electronics, and compounds. The reorganization included selling ten subsidiaries and downsizing. With a renewed attention in electronic equipment, Samsung spent in LCD technology, getting the largest producer of LCD panels from the world by 2005.

Sony partnered with Samsung in 2006 to create a steady source of LCD panels for the two businesses, which was a growing problem for Sony, which hadn't invested in massive LCD panels. While the venture was almost a 50-50 split, Samsung possessed one share over Sony, giving them control over the production. In the end of 2011, Samsung purchased Sony's stake in the venture and took complete control.

Samsung's attention in the future relies on five core companies including cellular, electronic equipment and bio pharmaceuticals. Included in its bio-pharma investment, Samsung formed a joint partnership together with Bio gen, investing $255 million to provide technical advancement and bio pharmaceutical manufacturing capability in South Korea. Samsung has budgeted almost $2 billion in extra investment to pursue their bio-pharma growth plan and leverage the benefits of the joint venture.

Samsung has also continued to expand from the cell phone marketplace, becoming the biggest manufacturer of cellular phones in 2012. To stay a dominant producer, Samsung has earmarked $3-4 billion to update their Austin Texas semiconductor manufacturing center.

Samsung announced the Gear VR at September 2014, which will be a virtual reality apparatus developed to be used with the Galaxy Note 4. Additionally in 2014, Samsung announced they'd start promoting fiber optics to glass producer Corning Inc..

From 2015, Samsung had more US patents accepted than any other firm, being awarded on 7,500 utility patents prior to the close of the year.

Samsung published a fitness smartwatch at 2016 called Gear Match two, in addition to wireless earbuds called Gear Icon X. At the close of the calendar year, the Gear G3 smartwatch was declared. In late 2017, the business continued to launch merchandise: The Galaxy Note 8 was a specific triumph for the firm, which had fought with manufacturing problems during the launch of the Galaxy Notice 7.