How Big is Samsung?

Founded by Lee Byung-chull on 1 march 1938 in South Korea, The Company was first started as a trading company and slowly started growing in food processing, textile, insurance, and security sectors.

It is one of the most influential company and have a very important role in Korean economy as it produces the 17% of total south Korea GDP.

It also played an important role in development of Korea.

Enter in Electronic sector

With the 1^st product as a black and white television set the company enters in Electronic sector in 1960’s.

But the best was yet on its way it way year 1970 when company started building semiconductors the business spread so much that the company started a separate semiconductor branch.

The company work with the time and modify itself accordingly, as the time passes Samsung introduces many more electronic items in the market. Telephone, fax machines and many more similar products were introduced, and the company got success in every field.

It was mid of 1970’s when Samsung opened a new branch in Ship building field.

After the death of Lee Byung-chull the company divided into- 1) Samsung Group

                       2) Shinsegea Group

                       3) CJ Group

                       4) Hansol Group

Samsung quickly became a leading Technology service.

It opened 2 new Research and Development institutes and launched many more famous and successful products

Year 200

Mobile era started and Samsung was among top participant in the race to become most successful mobile brand. The year 2000 witnessed the launch of Galaxy Smartphones series. The series quickly became the most popular mobile phone series in the market with a huge demand. To make its services and facilities more user friendly the company in the year of 2010 took a decision to expand its galaxy series to Tablets and computers and the galaxy Tab born with a huge demand in multinational markets.

There is no specific answer to the question that how big is Samsung but you can have an idea of it by knowing the field Samsung involved in.

The company is mainly involved in –

1) Textile industries

2) Aerospace industries

3) Electronic

4) Home appliances

5) Semiconductors

6) Smartphones

7) Electronic systems

FAQ’s

Q-Where is Samsung Headquarters located?

Ans- Seoul, South Korea

Q-What was the main reason beside Company’s growth?

Ans- Maybe the leadership quality and the correct decision, and the time factor also worked here.

Q-When was the company started?

Ans- Samsung was started in 1938

Q-Is it among the largest company in the world?

Ans- Yes, its 14^th biggest company in the world.