10 Facts About Samsung

10 Facts About Samsung

10 Facts About Samsung

Are you interested in learning some intriguing information about Samsung? Samsung is a market leader in terms of producing and providing various electronic devices such as smartphones, televisions, and monitors. 10 Facts About Samsung

Their goods are available globally and are quite popular. Indeed, you may have encountered a Samsung product over your lifetime. Now, we’ve produced a list of the top 10 mind-blowing facts about Samsung in this article. And we’ll share them with you one by one in the next part. Therefore, let us begin…

10 Facts About Samsung

10 Facts About Samsung

Samsung’s ancestors

Lee Byung-Chul was one of the most prosperous businessmen in South Korea’s history. In 1938, he created a corporation called ‘Samsung Sanghoe’ in what was then Japanese Korea. At the time, the firm employed 40 people. 10 Facts About Samsung

Lee Byung-Chul later departed Seoul due to the Korean War. Additionally, he began diversifying his business. He dabbled in a variety of sectors, including sugar refinery, woollen mills, and fishing.

 

 Samsung’s Significance

Samsung is a term that originates in Korea. Additionally, it signifies ‘three stars’ or ‘Tri-Star’. The term ‘three’ alludes to anything that is’strong, large, or massive’ in this context.

 

Samsung Began as a Mercantile Company

Samsung is well-known for its manufacture and distribution of mobile and electrical gadgets. However, Samsung began as a trade corporation. In 1938, the firm traded noodles, local goods, and dried fish.

 

Samsung Is More Than An Electronics Manufacturer

Generally, we all recognize Samsung as one of the world’s major electronics manufacturers. Samsung, on the other hand, is not exclusively an electronic corporation. It is a South Korean transnational company. The term ‘Conglomerate’ refers to a business that is made up of several subsidiary firms. 10 Facts About Samsung

Samsung has a large number of subsidiary companies. Several of them are partly owned by Samsung. While others are wholly owned or linked with Samsung.

Samsung Electronics, Samsung C&T Corporation, Samsung Engineering, Samsung Fire & Marine Insurance, and Samsung Heavy Industries are among the most well-known. Therefore, if you believe Samsung makes just televisions, cellphones, and other electrical goods, you are misinformed.

 

Samsung and Electronics Manufacturing

Samsung did not enter the electronic sector until the 1960s. During that time period, Samsung established a number of subsidiary firms focused on electronics production. Samsung launched its first electrical device in 1970. 10 Facts About Samsung

It was a 12-inch black-and-white television. This television was really well-received at the time. As a consequence, they have shifted their concentration in the subsequent decades to producing more electronics on their own. In 1986, they also created a vehicle phone. However, unlike the television, this product was not a success. Despite this, they continued to experiment with new technologies on a regular basis.

 

 Samsung’s Global Coverage

Samsung now owns over 80 significant firms and countless of smaller ones. And to ensure that all of these businesses work well, Samsung employs approximately 4,90,000 individuals from all over the globe. 10 Facts About Samsung

According to reports, Samsung employs around 80,000 people worldwide. This demonstrates that Samsung is genuinely global in scope.

 

Samsung Construction Division

Samsung Engineering Co., Ltd is one of Samsung’s subsidiaries. This firm is well-known for providing a range of engineering services, including design, construction, combining, and procurement. Until date, this organization has successfully worked on and finished several projects in around 38 countries. 10 Facts About Samsung

For example, the Burj Khalifa is now the world’s tallest structure. Additionally, it was constructed by Samsung Engineering Co., Ltd. That is not all; Samsung has contributed to the construction of other notable buildings, like the Petronas Twin Towers and Taipei 101.

 

 Samsung and the Republic of Korea

Samsung and South Korea are inextricably linked. This firm has aided the nation in several ways. To begin, Samsung is the largest firm in South Korea in terms of revenue. Indeed, this corporation alone contributed between 17 and 20% of South Korea’s overall GDP (1082 billion USD).

10 Facts About Samsung

 Samsung’s Rebirth

Samsung was not always as successful as they are now. Samsung was not very popular between 1980 and 1990. It was because they manufactured substandard items. However, Lee Kun Hee became chairman of Samsung in 1993. He is the son of Samsung’s founder, Lee Byung-chul.

He wanted to operate the firm according to a new management style that placed a premium on quality. However, even after that, Samsung continued to produce substandard goods. As a consequence, he visited one of their plants in 1995 and piled all the electrical equipment created there. And he demolished some of them by setting them on fire, while others he shattered with hammers. 10 Facts About Samsung

According to reports, he destroyed merchandise worth a total of $50 million that day. And approximately 2000 Samsung workers were on hand to witness the occasion. By doing so, he attempted to instil a sense of excellence in all of his company’s workers. Since then, a new generation of Samsung has been born. Samsung developed become one of the world’s top multinational corporations under his leadership.

10 Facts About Samsung

 The First Watch Phone in the World and Samsung

By now, you should be acquainted with smartwatches. Numerous firms currently manufacture smartwatches. However, Samsung laid the groundwork for smartwatches. Samsung produced the world’s first watch phone between 1998 and 1999. Samsung SPH-WP10 was the device’s model. 10 Facts About Samsung

It was primarily a timepiece. Simultaneously, you may use it as a phone. For up to 90 minutes, the watch phone may be used for phone calls. It had a backlit monochrome LCD display. Additionally, it had voice commands for quickly phoning your contacts. Regrettably, this technology was not economically viable in 1999.

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