A Brief History of Samsung

The pinnacle of the Samsung chaebol is Samsung Electronics Co., Ltd., a South Korean multinational electronics corporation. In 2012, Samsung's revenue accounted for 70% of the Samsung Group's overall revenue. It is the world's largest smartphone manufacturer and has over three million smartphones on the market. It has a strong reputation for innovative products and excellent customer service, and is known for its mobile phone service.

The company began as a trading store in 1938 and expanded into textiles. As it expanded its business into a diversified sector, it began to export its goods to China. Its name, Samsung, comes from the Korean for "three stars", and its audio logo was written by Walter Werzowa. As the company grew, it also expanded into textiles. The audio logo was originally played on a piano, and has been discontinued.

In the 1950s, Samsung expanded its operations and made investments in petrochemicals, oil and heavy industries. It also established a department store and a firm that produces nylon. In the 1960s, Samsung acquired three of Korea's largest commercial banks. Then, in 2007, Samsung launched its own television network and started selling mobile phones. Eventually, it expanded its operations to include everything from refrigerators to microwave ovens.

In the 1980s, Samsung expanded its business to telecom hardware. It merged with the Korea Exchange and launched the SPC-1000, its first personal computer. Despite the fact that it was sold only in the Korean market, the SPC-1000 was widely used by consumers. Since then, Samsung has made over 800 million mobile phones. The company has since diversified into many different markets and produced more than eight billion smartphones. But, the company's history is littered with scandals.

Founded in 1938, Samsung was originally a grocery trading company. In 1969, it branched out into the electronics industry, acquiring a 50% stake in the Korea Semiconductor. In 2011, it had total revenues of $8.06 billion and began exporting its products internationally. Today, Samasung is a global leader in many different sectors. While its construction division is responsible for most of its revenue, the company also manufactures and markets semiconductors.

Samsung's ambitions are rooted in its mobile phone business. Its mobile phones compete with Apple's iPhone and other leading brands. With so many competitors, it's difficult for a company to compete in this arena. But Samsung's ambition has made the company a worldwide leader in smartphones, tablets, and wearables. By acquiring Pantech, it has made a strategic move that has helped it strengthen its position as a leading brand.

Samsung's subsidiaries diversified into several industries after the founding of the company in 1938. Originally, the company concentrated on electronics and shipbuilding, but later diversified into textiles, food processing, insurance, and shipbuilding. In 2007, the company diversified into insurance and rebranded S-LCD Corporation as Hanwha Techwin. After Lee Byung-chul's death in 1987, Samsung consolidated its five businesses and reorganized its global operations.