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Samsung History: How a success journey looks like!

samsung headquaters

Hello… here we come with Samsung history and as you loved our earlier posts hopefully you will like this one too.

have you ever thought of a brand who’s screens are Iconic and even companies like Apple have to purchase it from that brand?

So the Brand talking about is Samsung and here we have Samsung history

Samsung has a very bright future as it keeps innovating and always believes in customer satisfaction.

Samsung History: Overview

So, a genuine question is what Samsung history is? giving a gist…

Samsung, one of the largest electronics manufacturers in the world in South Korea.

Specializes in the manufacturing of a broad range of industrial and consumer electronics, including devices, digital media devices, semiconductors, memory chips, and built-in systems

Become one of the most recognized technical brands and provides approximately a fifth of all exports in South Korea. So a gold brick for South Korea economy!!

also read Xiaomi history

why Samsung?

samsung logo

The question arises is what the word Samsung mean?…or why Samsung?

Samsung Korean: 삼성; Hanja: 三星; Korean pronunciation: [samsʌŋ]means “three stars” in English.

so, what Samsung is all about, here its …

A multinational corporation based in Samsung Town, Seoul, in South Korea, which consists of various affiliated companies, most of which linked to the Samsung brand, with the most important southern Korean chaebol (largest shareholder) because of the leading group of companies.


Samsung History: Begining!

First Headquaters

you guys must be thinking that Samsung is a smartphone producer from the beginning …but it’s wrong, the truth is that corporate will diversify into fields like(given below) over the subsequent three decades.

  • food manufacturing
  • textiles
  • banking
  • shares
  • insurance
  • securities
  • distribution

Samsung founded as a trading company by Lee Byung-Chul in 1938. Lee Byung-Chull formed Samsung as a grocery shop.

He began his business in Taegu, Korea, trade noodles and other items developed and exported to China and its provinces in and around the region.

Lee extended his company into textiles during the Korean War and launched Korea’s largest woolen factory.

To order to assist his nation recover itself after the war, he focussed on industrialization.

At this point, his organization was gaining from the Korean government’s latest protectionist measures, which had the aim of helping large domestic conglomerates by shielding them from the competition and quick financing.

within the late 1960s, Samsung joined the electronics sector and therefore the construction and shipbuilding industries within the mid-1970s.

Samsung divided into four business groups following the death of Lee in 1987:

  • Samsung Group
  • Shinsegae Group
  • CJ Group
  • Hansol Group

Samsung ‘s operations and products have gradually become globalized after 1990, with smartphone and semiconductor devices, especially, is that the primary revenue stream.

click here.. for micromax history


Samsung Founder: Lee Byung-Chul

Founder: Lee Byung-Chul
Founder: Lee Byung-Chul

Lee Byung-Chul was a South Korean businessman from 12 February 1910 to 19 November 1987. He was the producer and one among the foremost popular businessmen in South Korea. it’s the growing community of companies in South Korea.

Byung-Chul was the son of a wealthy family of landlords (a Gyeongju Lee clan branch). He studied at the University of Waseda, Tokyo, but didn’t finish his studies

It initially alleged to be a trading company. It already features a range of holding firms and branches grouped under the Samsung name.


Lee Byung-Chul: Early Life

Lee Byung-Chul early images of his struggle
Lee Byung-Chul early images of his struggle

Byung-Chul found out a truck business in Daegu on 1 March 1938 and named it Samsung Trading Co, Samsung’s precursor. Samsung means “Three Stars” which explains the company logos initially used.

By 1945, Samsung was shipping goods to and from Korea. By 1947 it had its headquarters in Seoul. Before the Korean War erupted in 1950, Lee became one of the ten biggest ‘financial enterprises.’

Lee decided to maneuver his company to Busan after the North Korea army invaded Seoul. Lee’s trucking service was enormously helpful to the big migration of the US troops and supplies into Busan over the following year and a half the war.


Samsung history success!

Headquarters samsung
Headquarters samsung

Notable Samsung’s manufacturing alliances include Samsung Devices(the latest global information technology group; mobile electronics supplier and 2017 sales chipmaker), Heavy Industries and Samsung Engineering, and C&T (respectively the world’s 13th and 36th largest building companies). becomes the world’s biggest information technology company.

Life assurance (World’s 14th most vital life assurance company), Everland and Cheil Worldwide (World’s 15th largest commercial business, estimated 2012 revenues) are other main subsidiaries.

Samsung may be a leading provider of computer parts for clients like

  • Apple
  • Sony
  • HTC
  • Nokia
  • lithium-ion batteries
  • semiconductors
  • CPUs
  • photo cameras
  • camera lenses
  • non-volatile storage cards

It was first developed within the original Samsung Solstice and later the recognition on its Samsung Galaxy device line. it’s the world’s largest mobile and smartphone manufacturer.

The business additionally a serious manufacturer of tablet computers, especially its Samsung Galaxy Tab range driven by Android, which targeted at expanding the demand for tablets via the Samsung Galaxy Note smartphone series.


Samsung Expansion

Samsung extended into the worldwide technology industries within the 1990s. Despite the prosperity of those years, business controversies, like several fraud lawsuits and violation lawsuits, have also been presented.

Nevertheless, a spread of technology products, starting from semiconductors to computer monitors and Lcd displays, have continued to form progress in technology and quality fronts with their growth within the world’s top five positions.

The year 2000 saw the launch, additionally to becoming the company’s most critically regarded model, of Samsung’s Galaxy smartphone range, which frequently stills top annual lists of the simplest models.

Since 2006, the corporate has been the top-selling global manufacturer of televisions. Beginning in 2010, the Galaxy series expanded to tablet computers with the introduction of the Galaxy Tab.


Products And Services

Know Samsung as a mobile manufacturer .. wrong it’s way bigger and Expanded to many Industries, have a look at all those(most of them are covered)

samsung history Semiconductor

  • As the largest chip manufacturer within the world since 1993 and a semiconductor since 2017, Samsung has produced different

    • semiconductor devices
    • semitractor nodes
    • MOSFET transistors
    • integral circuit chips
    • semiconductive memory

Electronics firm has been a serious manufacturer of semiconductors since 2017.

Samsung electronics

samsung jumped into electronics
samsung jumped into electronics

maybe a multinational electronics and knowledge technology company headquartered in Suwon and therefore the flagship company of the Samsung Group.

Its products include-

    • air conditioners
    • computers
    • digital televisions
    • active-matrix organic light-emitting diodes (AMOLEDs)
    • mobile phones
    • monitors
    • printers
    • refrigerators
    • semiconductors
    • telecommunications networking equipment

within the half-moon of 2012, it’s the world’s largest telephone maker by unit revenue, with a worldwide market share of 25.4%. it’s also the second-largest semiconductor manufacturer within the world by sales for 2011 (after Intel).

Click here to look 20 most expensive phones

Medical centers Samsung

medical centers
medical centers

The Samsung medical center was founded on 9 November 1994, under the philosophy of

“contributing to improving the health of the state through the simplest medical service, advanced medical research and therefore the development of fantastic medical staff.”

The Samsung center includes a hospital and a cancer center. The hospital is found during a smart building with

  • floor space of over 200,000 square meters
    • 20 floors above the ground floor
    • 5 floors underground, housing 40 departments
    • 10 specialist centers
    • 120 special clinics
    • 1,306 beds
    • 655-bed Cancer Center
    • the floor area of over 100,000 square meters
    • 11 floors above ground and eight floors below
    • SMC tertiary managed service

Hotel Shilla

samsung history: hotel shilla
samsung history, Shila hotels

Hotel Shilla (also referred to as “The Shilla”) opened in March 1979, following the intent of the Samsung Group’s founder, the late Lee Byung-Chul.

Hosting numerous state visits and international events, it’s acted proudly and responsibility as

“the face representing the Samsung Group” and”the hotel representing Korea”

Because of the locomotive for the industry in Korea. Hotel Shilla retains the beauty and a history of winning the hearts of tourists with the intention of being “the best company for hospitality” By joining LHW, they’re on par with the world’s most luxurious hotels.

Meanwhile, it’s added modernist design elements to the roof called tradition, thereby making itself a premium lifestyle space through changes.

Furthermore, it started a duty-free shop business with its know-how as a service company within the background and has built its image because of the best global distribution company.

Also expanding its business into commissioned fitness facilities management with five-star hotels in Korea and abroad also as into the restaurant business.

Hotel Shilla aims to be a renowned multinational hospitality business delivering the very best value for capital by creating innovative inventions and constantly taking over challenges.


Exclusive Interview

All Samsung electronics products connected and form an IoT (Internet of Things) ecosystem with external partners.

We will lead the hyper-connectivity of the future BK Yoon, CEO of the Consumer Electronics (CE) Business at Samsung Electronics at a press meeting at IFA 2017

Samsung will draw out synergies from all product lines. By connecting them to the external IoT ecosystem, we will be able to provide added value to the customers along with enhancements to their everyday life experiences.

An easy to use IoT service for everyone is impossible without cooperation between businesses,

By making open cooperation between Harman, SmartThings and internal groups with external IoT businesses, we will realize a user-oriented IoT service at home, in the office, in vehicles and other areas.

“IoT and B2B will be our main focus of investment to continue innovation in the CE business,” Yoon commented.

“ furthermore, will enter the North American built-in home appliances market as one of the top-tier companies in three years by building the best lineup with Dacor who we acquired last year,”

Sponsorship

In 2013, Samsung Electronics spent an estimated $14 billion (U.S.) on publicity and marketing. that’s a better proportion of 5.4 percent of total income than most of the world’s top-20 firms by revenues (Apple invested 0.6 percent and General Motors expended 3.5 percent).

furthermore In 2012, Samsung became the world’s largest advertiser, spending $4.3 billion, compared to $1 billion for Apple. Samsung ‘s worldwide $39.6 billion marks worth is a smaller amount than half Apple’s


Samsung And Apple FaceOff!

samsung vs apple

Nine American juries found on 24 August 2012 that Samsung Electronics would compensate Apple $1.05 billion in penalties for infringing six of its mobile development patents. The award was also smaller than Apple’s $2.5 billion.

The court further decided that Apple didn’t violate five of the Samsung patents applied to within the lawsuit. Samsung opposed the judgment claiming that the change would hinder competition within the industry. A South Korea verdict later followed which claimed all firms were guilty of infringement on property.

  • Apple instead tried to dam sales within us of eight Samsung phones

    1. Galaxy S 4 G
    2. S2 AT&T
    3. Galaxy S2 Skyrocket
    4. S2 T-Mobile
    5. S2 Epic 4 G
    6. Galaxy S Showcase
    7. Droid Charge
    8. Galaxy Prevail

But, the court refused.

In 2015, more U.S. patents were granted to Samsung than the other company-including

  • IBM
  • Google
  • Sony
  • Microsoft
  • Apple.

Via December 11 the corporate-issued 7,679 utility patents.


Samsung manufactured Bombs!

defected smartphones

The Galaxy Note7 smartphone went on sale on 19 August 2016. However, Samsung suspended phone sales in early September 2016 and announced an off-the-cuff recall.

This happened when certain phone units had batteries with a malfunction that caused them to emit unnecessary heat leading to fires and explosions. Not like the image shown!!

Samsung upgraded the phones’ recalled models with a replacement one; however, it had been later revealed that the newest Galaxy Note 7 one already had the battery flaw.On October 10, 2016, Samsung recalled all Galaxy Note7 smartphones worldwide, and therefore the handset production was permanently terminated subsequent day.

In 2018, Samsung launched the world’s largest mobile manufacturing facility in Noida, India with guests of honor including Indian Prime Minister Narendra Modi.


Samsung #2020

The SPH-1300, an early touch-screen device launched in 2001, took Samsung into the phone business. In 2005 the corporate also developed the primary voice-recognition phone.

Samsung acquired companies that developed technology for electronic devices within the late 2000s and early 2010s.

Samsung released the Galaxy S II in 2011, followed by the Galaxy S III in 2012, which is one of the foremost popular smartphones within the world.

The year 2012 also marked Samsung becoming the most important mobile maker within the world and acquiring mSpot to supply entertainment for users of Samsung devices.

In the following years, the firm made numerous acquisitions including companies that might help it grow its medical equipment products, smart TVs, OLED screens, home appliances, printing technologies, cloud applications, payment systems, and AI services.

The Gear VR, a computer game platform designed to be used with Galaxy Note 4, was revealed by Samsung in September 2014. By 2015, Samsung had approved more US patents than the other company, with quite 7,500 utility patents granted before the top of the year.

In 2017, Samsung received approval from the govt to start out developing a self-driving vehicle.


Controversies in Samsung past

Financial scandals

Former Samsung chief lawyer Kim Yong Chul claimed in 2007 that he had been involved in bribing and producing evidence on behalf of group chairman Lee Kun-hee and therefore the firm.

Kim said that during a “fabricated scenario,” Samsung lawyers trained executives to function scapegoats to guard Lee, albeit those executives weren’t involved.

also told the media that Samsung also “sidelined” him despite failing to simply accept a US $3.3 million bribes. administrative district court judge presiding over a case during which two of its executives were found guilty of chip price-fixing charges.

Kim disclosed that the business collected a big amount of undisclosed funds from bank accounts allegedly operated under the names of up to 1,000 Samsung executives — four accounts established in his own name to handle 5 billion won.

Antitrust concerns

“You may additionally claim that the Samsung chairman is bigger than the South Korean president. [South] Koreans have come to consider Samsung as powerful and above the principles,”

Woo Suk-hoon, host of a well-liked economics podcast during a Washington Post article titled “In South Korea , the Samsung Republic,”

Critics believed Samsung exhausted smaller companies, narrowing options for South Korean customers and sometimes colluding with fellow giants to line costs while threatening those investigating.

During a discussion, Lee Jung-hee, a South Korean presidential contender, said: “Samsung has the govt in his pockets.

Viral marketing

Taiwan’s Fair Trade Commission is probing misleading ads by Samsung and its local Taiwanese advertisement firm.

The case started after reports issued from the Commission alleging that the organization employed students to focus on Samsung Electronics’ rivals in online forums.

Samsung Taiwan released a press release on its Facebook page saying that it had not interacted with any appraisal study and stopped online advertisement activities that constituted publishing or reacting to online material.

Labor abuses

From 2012 to 2015, Samsung has been the topic of the many allegations regarding child labor in its supply chain.

Samsung terminated its effect Shinyang Electronics in July 2014 after getting a lawsuit regarding the firm breaching child labor laws.

Samsung says that his inquiry gave rise to reports of Shinyang employing underage workers which he quickly cut connections via his strategy of “zero tolerance” for child labor violence.

In July 2014 China Labor Watch (CLW) criticized one among Samsung’s Chinese supplier factories, HEG, for using underage workers. HEG denied the accusations and sued China Labor Watch.

In August 2014, CLW issued a statement alleging that HEG had employed in a factory in Huizhou, Guangdong, over ten children under the age of 16. 

The group said the identified youngest child is 14 years old. Samsung said it conducted an on-site production line investigation that included one-one interviews but found no evidence of the use of child labor.

CLW responded that prior to Samsung’s investigators arriving, HEG had already dismissed the workers described in its statement. 

It also alleged that HEG had violated laws on overtime for adult workers.

and said that a female university student paid only her standard wage despite working four hours of overtime per day, albeit Chinese law requires overtime pay of 1.5 to 2.0 times the quality wages

Price fixing

Samsung firms were fined €145,727,000 on 19 October 2011 for being a part of a price cartel of ten firms for DRAMs that lasted from 1 July 1998 to fifteen June 2002.

Like most other cartel members, the businesses received a 10- percent decrease to acknowledge the facts to the investigators.

Samsung had to pay 90 percent of their settlement share, but as a result of initially revealing the case to investigators, Micron avoided payment.

Some DRAM microchip manufacturers conspired to price-fix in Canada during 1999, including Samsung among the accused.

The 2002 price fix has been investigated. That year, a recession began, and therefore the price fix ended; however, the Canadian government reopened the case in 2014, silently investigating.

During an attempt on a category action case, ample evidence was discovered and provided to Samsung and two other producers. the firms committed to a $120 million deal including a fee of $40 million and a rebate of $80 million to Canadians who bought a tool, printer, MP3 player, game console or video from April 1999 to June 2002

Illegal sales of DRAM in the USA

In 1987, us International Trade Commission order that the Samsung Group of South Korea illegally marketed computer chips within the US without licenses from the device maker, Texas Instruments Inc.

The order requires Samsung to pay a penalty to Texas Instruments within the approaching weeks.

Otherwise selling is going to be prohibited within the US on all dynamic random access memory chips manufactured by Samsung and every one good utilizing the chips.

The ban includes circuit boards and equipment called single-in-line packages made by other companies that use Samsung’s D-RAM’s with 64,000 or 256,000 memory characters.

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