Lee Byung Chull is certainly no stranger to our ears. He is the figure behind the presence of Samsung smartphones in our lives. He was born in South Korea on February 12, 1910 and died on November 19, 1987.
Lee was born to a very rich landlord. He had studied at Wesda University, Tokyo, but did not graduate. He started his business by using inheritance from his parents. His business career began with the rice mill business. Because he failed, he closed the business. Furthermore, he established an export trading business in Korea, including selling fish, vegetables and fruits to China. This effort turned out to be fruitful enough. He also moved his business to headquarters in Seoul in 1947. When the Korean War broke out, he had to leave Seoul and start a sugar factory business in Busan called Cheil Jedang. This factory became the first sugar factory in South Korea.
When the Korean war ended in 1954, he founded Cheil Mojik’s business and built a wool factory in Chimsan Dong, Daegu. This company also grew tremendously and became a large company in Korea. The extraordinary development of this company made Lee founded Samsung which is engaged in various business fields. Then, the Samsung company is engaged in electronics since 1960.
Samsung Group formed electronic divisions, such as Samsung Electronics Co Devices, Samsung Electro-Mechanics Co., Samsung Corning Co., Samsung Semiconductor and Telecommunications Co., and made facilities at Suwon. Their first product is a black and white television set. Then, Samsung Electronics produced television (1969), mobile phones (throughout the 90s), radios, computer components, and other electronic devices.
In 1980, the Samsung company bought Hanguk Jeonja Tongsin at Gumi and began building telecommunications equipment. The initial product is Switchboards. This facility has developed into a telephone and fax manufacturing system which later became the Samsung mobile manufacturing center and has produced more than 800 million cellphones. Their companies are grouped together under Samsung Electronics Co., Ltd. in the 1980s.
In the late 1980s and early 1990s, Samsung Electronics invested in research and development. This investment is very important in encouraging companies to become the leading companies in the global electronics industry. Some of Samsung’s investments, including:
- In 1982, Samsung built a television assembly plant in Portugal.
- In 1984, Samsung built a factory in New York.
- In 1985, Samsung built a factory in Tokyo.
- In 1987, Samsung built facilities in the UK.
- In 1996, Samsung built another facility in Austin
In total, Samsung has invested 5.6 billion dollars in Austin. And, so far, Samsung is the largest foreign investor in Texas and one of the largest foreign investors in the United States.
Samsung began to rise as an international company in the 1990s. The Samsung Construction Branch received a contract to build one of the two Petronas Towers in Malaysia, Taiwan and the Burj Khalifa in the United Arab Emirates. in 1993, Lee Kun-Hee sold ten Samsung Group subsidiaries. The company was streamlined and other operations joined forces to concentrate on three industries, namely electronics, engineering, and chemicals. In 1996, Samsung Group bought back the Sungkyunkwan University Foundation.
Compared to other large Korean companies, Samsung is a company that survived the Asian financial crisis in 1997. However, Samsung Motor was sold to Renault because it suffered a significant loss. Samsung manufactures various aircraft from the 1980s to the 1990s. In addition, in 2010, 80.1% of Samsung’s Renault shares were owned by Renault and 19.9% were owned by Samsung. In 1999, Korea Aerospace Industries (KAI) which was the result of a merger between three major domestic aerospace divisions, namely Samsung Aerospace, Daewoo Heavy Industries, and Hyundai Space and Aircraft Company was officially established.
In 1992, Samsung became the largest producer of memory chips in the world and the second largest maker of chips in the world after Intel. Ten years later, Samsung grew to become the largest producer of liquid-crystal display panels in the world.
Pada tahun 2006, S-LCD didirikan sebagai perusahaan patungan antara Samsung dan Sony dalam rangka menyediakan pasokan yang stabil dari panel LCD untuk mereka dan mengoperasikan pabrik-pabrik serta membangun fasilitas di Tangjung, Korea Selatan. Pada tahun 2004 dan 2005, Samsung Electronics mengungguli Sony sebagai salah satu merek paling populer di dunia elektronik. Dan, sekarang, Samsung menduduki peringkat ke 19 di dunia. Samsung menjadi perusahaan terbesar kedua setelah Nokia dengan volume dunia produsen ponsel terutama pangsa pasar terkemuka di Amerika Utara dan Eropa Barat.
In 2006, the S-LCD was established as a joint venture between Samsung and Sony in order to provide a stable supply of LCD panels to them and operate factories and build facilities in Tangjung, South Korea. In 2004 and 2005, Samsung Electronics outperformed Sony as one of the most popular brands in the world of electronics. And, now, Samsung is ranked 19th in the world. Samsung became the second largest company after Nokia with the world volume of mobile manufacturers, especially the leading market share in North America and Western Europe.