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Whose company is Samsung?

businesstechnology

Quick Answer

Samsung was founded by Lee Byung-chul in 1938 in Daegu, Korea, as a small trading company selling dried fish, vegetables and noodles.

The Full Story

Lee Byung-chul started Samsung Sanghoe in 1938 with about 40 employees. The name means “three stars” in Korean, symbolising something big, numerous and powerful. After the Korean War the company expanded into sugar refining, textiles, insurance and retail. Samsung Electronics was founded in 1969 and began making black-and-white televisions. Under Lee’s son Lee Kun-hee and grandson Lee Jae-yong, Samsung became one of the world’s biggest makers of smartphones, memory chips and TVs.

Key Facts

1.Samsung means “three stars” in Korean.
2.Samsung Electronics was established in 1969.
3.Samsung has been the world’s top TV brand by sales for well over a decade.

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Suggested video title for this topic:

"From dried fish to smartphones — the story of Samsung"