The Samsung Group (often referred to as Samsung) is a multinational giant specializing in electronics. Its other focal areas include chemicals, TV communications, and even automotive products.
Originated in South Korea, the brand is known worldwide. It has a head office in Seoul with numerous branches around the globe. Lee Jae-yong is the current chairman of the corporation.
The Samsung Company Background
When the enterprise appeared back in 1938, it didn’t deal with electronics or computers. Lee Byung-Chull, the forebear of the future masterpiece, founded a small grocery store. Initially, the firm cooperated closely with China exporting noodles and other local goods. Everything became worse when the Korean War happened.
After an enforced pause, the brand paid special attention to growing industrialization. This led to opening a department store and acquiring a nylon company. Until 1969, the corporation worked mainly with the textile and chemical industries. Everything changed when its first monochrome TV saw the world.
Just a year later, Samsung began exporting its products worldwide. This decision was made due to feeling too constricted in its homeland. At that time, it was already the largest organization in South Korea.
Coming down to the 21st century, the corporation released a Galaxy series. A top-notch device became best known among other early smartphones. A bit later, the brand cooperated with Apple, assembling microprocessors. Then, it went deeper with creating TVs and tablets.
The Main Business Lines
As of today, the company continues what it’s been doing at its inception. It’s also famous for high-end electronic products. Samsung distributes home appliances proving that its trademark is a global sign of quality.
After its founder’s death, the giant split into numerous subdivisions. His son, who succeeded the enterprise, made this decision. It led to a simplified management system where every branch worked in a particular field.
The Path to Success
Being closely connected to the Korean government, Samsung always had enough funding. This served as a breakpoint when the brand needed this support most. It was especially important after the war when everything had to be built again.
Now, the enterprise boasts countless international prizes. Take the IDEA 2021 as an example where it won 48 awards. On top of that, it had competed in the iF Design Awards the same year. It pulled off 71 awards in various categories.
With around 290,000 people employed and $232 billion in revenue, Samsung is a world-famous giant. Its presence is seen in every country with products distributed even in the smallest shops.
The Samsung Company’s Core Products
Mentioning the electronics part, Samsung’s Galaxy S22 Ultra is the finest smartphone one can purchase. It’s an Android-based device with a future-proof design and impressive specs. Besides, it’s usually available at an affordable cost.
Any gamer will be delighted to try the G7 LC32G75T best gaming monitor. It provides superior picture quality along with a 240Hz rate. It’s not the largest of the brand’s screens yet supports a 4K resolution.
There’s nothing that beats Samsung in its logistics and future-oriented perspectives. This giant has gone a long way to where it has ended up now.
FAQ About Samsung Company
Yes, now the company is considered a true leading giant of high technology. The firm collects many awards for its products at all kinds of exhibitions. At the IDEA 2021, it collected 48 awards.
About 300 thousand people work under the wings of the brand. The annual revenue of the company is about 230 million dollars.
The company develops innovative products in many areas of high technology. They have an advanced logistics system. The brand has spent a lot of time and money to build it. You can find their devices even in the smallest stores. The firm has offices or distributors in almost every country in the world. With them, you can always count on top-notch service and maintenance.
It is deservedly the best brand for TVs and monitors. Most recently, the company released a gaming monitor G7 LC32G75T, which has collected numerous awards. It runs at 240 Hz and has a 4k resolution. Many of their TVs and monitors already include 4k playback technology.
No, it is a Korean company. It was created as a small grocery store in 1938. The brand began producing electronics in 1969 when it introduced the first monochrome TV set. After just one year, the firm has already begun exporting its products.
Samsung is headquartered in Seoul, the capital of South Korea. The brand has thousands of offices around the world. The company’s products are also manufactured in many countries around the world. The firm works closely with other major players in the market. For example, it cooperates with Apple in the manufacture of microprocessors.