Samsung
Unlike other electronic companies Samsung origins were not involving electronics but other products.
In 1938 the Samsung's founder Byung-Chull Lee set up a
trade export company in Korea, selling fish, vegetables, and fruit to
China. Within a decade Samusng had flour mills and confectionary
machines and became a co-operation in 1951. Humble beginnings.
From 1958 onwards Samsung began to expand into other
industries such as financial, media, chemicals and ship building
throughout the 1970's. In 1969, Samsung Electronics was established
producing what Samsung is most famous for, Televisions, Mobile Phones
(throughout 90's), Radio's, Computer components and other electronics
devices.
1987 founder and chairman, Byung-Chull Lee passed away
and Kun-Hee Lee took over as chairman. In the 1990's Samsung began to
expand globally building factories in the US, Britain, Germany,
Thailand, Mexico, Spain and China until 1997.
In 1997 nearly all Korean businesses shrunk in size and
Samsung was no exception. They sold businesses to relieve debt and cut
employees down lowering personnel by 50,000. But thanks to the
electronic industry they managed to curb this and continue to grow.
The history of Samsung and mobile phones stretches back
to over 10 years. In 1993 Samsung developed the 'lightest' mobile phone
of its era. The SCH-800 and it was available on CDMA networks.
Then they developed smart phones and a phone combined mp3
player towards the end of the 20th century. To this date Samsung are
dedicated to the 3G industry. Making video,camera phones at a speed to
keep up with consumer demand. Samsung has made steady growth in the
mobile industry and are currently second but competitor Nokia is ahead
with more than 100% increase in shares.
