Samsung is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. Over the first three decades of its establishment, the group diversified into areas like food processing, textiles, insurance, securities and retail. It entered the electronics industry in the late 1960s. Since then, Samsung has increasingly globalized its activities in electronics, particularly mobile phones and semiconductors. Through innovative, reliable products and services; talented people; a responsible approach to business and global citizenship; and collaboration with their partners and customers, Samsung is taking the world in imaginative new directions.
In 1938, Lee Byung-Chull founded Samsung Sanghoe. The company started out as a small trading company with forty employees located in Su-dong. It dealt in locally-grown groceries and made noodles. Later, it moved into lines of business such as insurance, securities and retail. In the late 1960s, it entered the electronics industry. The company formed several electronics-related divisions, such as Samsung Electronics Devices, Samsung Electro-Mechanics, Samsung Corning and Samsung Semiconductor & Telecommunications. Its first product was a black-and-white television set. In 1980, Samsung acquired the Gumi-based Hangul Jeonja Tongsin and entered telecommunications hardware. The facility was developed into the telephone and fax manufacturing systems and became the center of Samsung's mobile phone manufacturing. Samsung has produced over 800 million mobile phones to date.
After Lee’s death in 1987, Samsung Group was separated into four business groups—Samsung Group, Shinsegae Group, CJ Group and the Hansol Group. The company started to rise as an international corporation in the 1990s. Its construction branch was awarded contracts to build one of the two Petronas Towers in Malaysia, Taipei 101 in Taiwan and the Burj Khalifa in United Arab Emirates. Soon, Samsung became the world's largest producer of memory chips in 1992 and the world's second-largest chipmaker after Intel. Ten years later, Samsung grew to be the world's largest manufacturer of liquid-crystal display panels. In the first quarter of 2012, Samsung Electronics became the world's largest mobile phone maker by unit sales, overtaking Nokia, which had been the market leader since 1998. In 2015, Samsung was granted more U.S. patents than any other company-including IBM, Google, Sony, Microsoft and Apple.
Through the company’s devotion to create superior products and services across all areas of its business, it strives to enhance the lives of people everywhere and bring positive change to the world. Hence, it surely is a world-class company!