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10 things you should know about Samsung
Samsung is a brand founded by Lee Byung-chul, here are 10 things you should know about Samsung.
- Samsung was founded by Lee Byung-chul in 1938 as a trading company.
- The Samsung Group is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul.
- Samsung entered the electronics industry in the late 1960s and the construction and shipbuilding industries in the mid-1970s.
- Following Lee’s death in 1987, Samsung was separated into four business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group.
- Samsung has the 6th highest global brand value.
- Its affiliate companies produce around a fifth of South Korea’s total exports.
- Samsung’s revenue was equal to 17% of South Korea’s $1,082 billion GDP
- Samsung started out as a small trading company with forty employees located in Su-dong
- In the late 1960s, Samsung Group entered the electronics industry, it formed several electronics-related divisions, such as Samsung Electronics Devices, Samsung Electro-Mechanics, Samsung Corning and Samsung Semiconductor & Telecommunications, and made the facility in Suwon.
- Samsung became the world’s largest producer of memory chips in 1992 and is the world’s second-largest chipmaker after Intel
