Lee Byung-Chull: The Founder of The Samsung Company

Lee Byung-chull is known as the founder of Samsung, an electronics manufacturing company and the world’s largest technology giant from South Korea. The products produced by Samsung range from smartphones, televisions and household appliances.

For smartphones themselves, Samsung is known as the number one smartphone manufacturer in the world and the largest. Apart from Deltsapure innovation, the Samsung Company itself is known for its technology and good product quality. However, initially Samsung was founded as a vegetable selling company. What’s the story?

Lee Byung-Chull Biography

Lee Byung-chull, the founder of Samsung, was born on February 12, 1910. He was the son of a rich land-owning family and had studied at Tokyo’s Wesda University, although he did not graduate.

Lee Byung-chull used his inheritance to open his first rice mill. The business did not go well.

Establishment of the Samsung Company

At its inception, Samsung was not as focused on electronics as it is today. Samsung’s history began in 1938. At that time, Samsung’s founder, Lee Byung-chull, founded Samsung Sanghoe, a company engaged in the vegetable export trade.

The company sold dried fish, vegetables and fruit to China amidst the Japanese colonial rule. At its inception, Samsung had four employees.

The company which is now known as Samsung is little by little growing rapidly. Furthermore, Lee Byung-chull then moved Samsung’s headquarters to Seoul in 1947.

In Lee Byung-chull’s biography, it is known that when the Korean War broke out, Samsung’s founder forced him to leave Seoul. He then moved to Busan and there he started a sugar factory under the name Cheil Jedang. This factory was the first sugar factory established in South Korea. After the Korean War ended in 1954, he then founded a wool factory called Cheil Mojik. This company’s factory was built in Daegu, South Korea.

Samsung is the largest electronics company in Korea

Cheil Mojik, founded by Lee Byung Chull, became the largest wool factory in South Korea and became a large company. Successful in the textile business, Lee Byung-chull then expanded his business to other industries. From 1958 onwards, Samsung began expanding into other industries such as finance, media, chemicals and shipbuilding throughout the 1970s.

Only in the late 60s, the Samsung Group began to enter the electronics industry. So that the company can grow rapidly, the company divides work tasks into electronic divisions. For example, Samsung Electronics Co Devices, Samsung Electro-Mechanics Co, Samsung Corning Co, and Samsung Semiconductor & Telecommunications Co, and set up facilities in Suwon. Its first product was a black-and-white television.

In 1980, the company, which was acquired by Hanguk tongsin jeonja in Gumi, began making telecommunications equipment. Its initial products were switchboards. Starting from this product, Samsung began producing telephones and faxes and eventually became Samsung’s mobile phone manufacturing. From this factory Samsung has produced more than 0.8 billion cellphones to date.

Become a Giant Manufacturing Company

In the late 1980s and early 1990s, Samsung Electronics, founded by Lee Byung-chull, invested in research and development. Investment is critical to propel the company to the forefront of the global electronics industry.

In the 1980s Samsung was a company that manufactured, distributed and sold various kinds of electronic equipment and products throughout the world. In 1982, he built a television assembly factory in Portugal.

On 1984, he built a $25 million factory in New York. And in 1987, Samsung built another $25 million facility in England.

Samsung Electronics produces what Samsung is best known for today, namely Televisions, Mobile Phones (during the 90s), Radios, Computer components and other electronic devices.

In the biography of Lee Byung-Chull it is known that he died in 1987. After the death of the founder of Samsung, Kun-Hee Lee took over as chairman of the Samsung company.

Under the leadership of Ku Hee Lee, Samsung’s expansion expanded throughout the world. In the 1990s Samsung began building factories expanding globally in the United States, United Kingdom, Germany, Thailand, Mexico, Spain and China until 1997.

In 1997 almost all businesses in Korea experienced a major crisis and Samsung was no exception. They sold several business units to reduce debt and laid off 50,000 employees. However, thanks to the electronics industry they managed to survive and continue to develop to this day.

Samsung: Electronics Giant in the World

Now Samsung is currently known as the largest Android cellphone manufacturer in the world. In fact, the popularity of Samsung cellphones beats the Apple iPhone made by Steve Jobs.

However, Samsung’s journey to become the largest smartphone manufacturer in the world has been quite long. The beginning of Samsung’s success in the smartphone world began on April 27 2009.

At that time, Samsung launched its first Android cellphone, namely the Samsung i7500. This cellphone offers a 3.2 inch AMOLED touch screen. The OS used on this cellphone is Android OS Cupcake 1.5.

Furthermore, Samsung’s success on the Android platform began with the launch of the Samsung Galaxy S. This cellphone was launched by Samsung in March 2010. And, the sales level of this cellphone was quite high.

In January 2011, Samsung managed to sell 10 million units of this cellphone. This success also spread to the successors of the Galaxy S. Among them are the Samsung Galaxy S II and Samsung Galaxy S III. Not only that, several other Galaxy cellphones have also received high response on the market.

The Galaxy Series smartphone is the ‘spearhead’ in the smartphone business carried out by Samsung. The smartphone business line is one of the largest revenues of the Samsung Group.

And until now, Samsung continues to innovate by launching its newest technology products, especially smartphones. Until now, Samsung is known as the number one smartphone manufacturer in the world, beating Apple and Xiaomi which are behind it.

Apart from smartphones, which are the mainstay of Samsung’s business, Lee Byung-chull’s company also produces various other electronic products such as televisions and various household electronic equipment. The product itself is known to be of very high quality. Apart from that, Samsung products are also known for their good technology.

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