The founder of Samsung is Li Biong Chul. In the 30s of the last century in his homeland - Korea, he opened his own business - grind rice flour at the mill and held a village shop. By this time, Korea was captured by Japan, and it was difficult for a Korean to engage in business. But in spite of this Li Biong Chul already in 1938 in Daegu city he founded a trading company with a staff of forty people for the export of rice, sugar and dried fish to China and Manchuria. His small trading company Li Biong called "Three Stars" (Samsung Trading Company).
During the Second World War, the US landed on the Korean peninsula and liberated South Korea from the Japanese. By this time Li Biong had a large factory for the production of rice vodka and beer. These products sold well to the US Army and the affairs of Li Biong went up the hill. In 1950, a war broke out on the Korean peninsula between the communist North and the pro-American South. It ruined Li Biong's business. The fact is that the American troops retreated, and the main warehouses were behind the front line.
By 1951, Lee Biong adjusted his affairs. They were opened a textile factory, a sugar factory, he also took up insurance business. By the end of the 1950s, thanks to friendly relations with South Korean President Lee Seung Mann, Li Biong Chul became the richest and most famous businessman in the country.
In the 1960s, the Li family expanded their business: they built the largest fertilizer factory in Asia, founded the newspaper Joong-Ang, built ships, hotels, universities and hospitals, and created a system of citizens' insurance.
In 1965, South Korea restored diplomatic relations with Japan. Li Biong Chul reached an agreement with the Japanese leadership on the technological support of the radio electronic industry that was emerging at that time in South Korea.
As a result, in 1969, together with the Japanese firm Sanyo, Samsung was created - Sanyo- Electronics (SEC). It began to specialize in the production of semiconductors and a few years later became the property of Samsung.
In 1970, cooperation with Sanyo Electric led to the merger of companies and the creation of Samsung Electronics Corporation.
In 1972, it produced the first black and white TVs, and in 1977 - color TVs.
Since August 1973, the main office of the company has been located in Suwon (South Korea), and in November the construction of a plant for the production of household appliances is coming to an end. At the same time, the Korean company Semiconductor Co. joins the corporation, which resulted in the mass production of washing machines and refrigerators.
In 1977, the company's export volumes exceed 100 million US dollars. In 1978, the first representative office of Samsung in the United States was opened. In 1979, the first household video tape recorders were produced. However, half of the cost of goods had to be given to the Japanese for the use of their technology and design. In addition, in other countries, Samsung products were sold under foreign brands or at very low prices.
As a result of the economic crisis that swept South Korea in the late 1970s, Samsung Electronics began to incur losses. In response, Li Kun-hee, the son of the company's founder, decided to reform the company. He reduced the number of subsidiaries, stopped subsidizing units, put the quality of products at the forefront. These transformations favorably affected the company's financial position - Samsung Electronics revenues grew again. At that time, Korea Telecommunications Co, which was renamed Samsung Semiconductor & Telecommunications Co., joined the company.
In 1983, Samsung Electronics launched its first personal computers (model: SPC-1000). In the same year were released: the 64M DRAM chip with a memory capacity of 64 MB; a player that could read ordinary CDs, CD - ROMs, VIDEO - CDs, PHOTO - CDs, CD - OKs. In 1984, a sales office was opened in England, a factory for the production of audio and video equipment in the US, as well as a factory for the production of microwave ovens (2.4 million pieces per year).
In 1986, Samsung Electronics received the title of "Best Company of the Year" from the Korean Management Association. In the same year, the company produced a 10 millionth color TV, opened sales offices in Canada and Australia, research laboratories in California and Tokyo. From 1988 to 1989, the company's representative offices were opened in France, Thailand and Malaysia. By 1989, Samsung Electronics ranked 13th in the world for the production of semiconductor products. In the fall of 1988, the corporation merged with Samsung Semiconductor & Telecommunications Co.
In the 90 years, Samsung Electronics is intensively expanding its activities. In order to improve the management structure in December 1992, Samsung Electronics introduced a unified system of presidential administration. In 1991-1992 the development of the sector of personal mobile devices was completed, and a mobile telephone system was developed. In 1994 the sales volume reached 5 billion US dollars, and in 1995 the export volume exceeded 10 billion US dollars.
In May 1997, Samsung Electronics became the "Olympic Partner" in the category of "Manufacturers of wireless communication equipment" and the main exporter of CDMA equipment to Shanghai (China). In the same year, the company produces the world's lightest CDMA cell phone with a weight of 137 g. By 1998, the largest share of the market for liquid crystal monitors belonged to Samsung Electronics, it began mass production of digital TVs.
In January 1999, Forbes Global magazine awarded Samsung Electronics an annual award for Best Consumer Electronics Company.
Today Samsung Electronics is a transnational corporation with offices in 47 countries and 70 thousand people working in them. The company holds a leading position in the production of semiconductor and telecommunications equipment, as well as in the field of digital convergence technologies. The company consists of four main divisions: Digital Media Network Business, Device Solution Network Business, Telecommunication Network Business and Digital Appliance Network Business. In 2005, the company's sales amounted to $ 56.7 billion, and net profit - $ 7.5 billion.
Samsung Electronics believes that customers determine its future, and therefore considers its main task to offer the consumer exactly the product that he most needs. Equally important for Samsung Electronics is the profit of shareholders. To increase it, the company expands its presence in the global market as a global corporation. Samsung Electronics is making great efforts to change and improve the world. Protection of the environment, support of culture and sports, development of social programs - all this is in the sphere of the company's close attention.