Samsung compony History part:-2


Samsung diversified into many different areas.  Lee sought to establish Samsung as the leader in a wide range of industries.  Samsung went into lines of business such as insurance, securities and retail.

 In 1947, the founder of the Hoosung Group, Cho Hong-jai, along with Samsung founder Lee Byung-Chull, invested in a new company called Samsung Mulsan Gongsa or Samsung Trading Corporation.  Currently the trading firm grew to become Samsung C&T Corporation.  After a few years, Cho and Lee split due to differences in management style.  Cho wanted 30 equity shares.  The Samsung Group was separated into Samsung Group and Hyosung Group, Hankook Tire and other businesses. 

 In the late 1960s, the Samsung Group entered the electronics industry.  It formed several electronics-related divisions, such as Samsung Electronics Devices, Samsung Electro-Mechanics, Samsung Corning and Samsung Semiconductor & Telecom, and Suwon.  Its first product was a black-and-white television set.

Samsung compony History 1970-1990

 The SPC-1000, launched in 1982, was Samsung's first personal computer (sold only in the Korean market) and an audio cassette tape was used to load and save data - a floppy drive was optional. 

 In 1980, Samsung acquired Gumi-based Henguk Jonja Tongsin and forayed into telecommunications hardware.  Very early were product switchboards.  The facility evolved into telephone and fax manufacturing systems and became the center of Samsung's mobile phone manufacturing.  They have produced over 800 million mobile phones so far.The company grouped them together under Samsung Electronics in the 1980s.

 After Lee's death in 1987, the Samsung Group was separated into four business groups - the Samsung Group, the Shinsegg Group, the CJ Group and the Hansol Group.  [25] Shinseg (discount store, department store) was originally part of the Samsung group, which was split from the Samsung group in 1990 with the CJ group (food / chemicals / entertainment / logistics), and the Hansol group (paper / telecommunications).  was given.  Today these different groups are independent and they are not associated or associated with the Samsung group.  A Hansol Group representative said "only those ignorant of the laws governing the business world can have some absurd belief", adding, "When Hansol split from the Samsung group in 1991, it had a separate relationship with Samsung.  Separated all associated payment guarantees and shareholding relationships. "A Hansol Group source claimed," Hansol, Shinsegg and CJ have been independent management since the split from Samsung Group  The subject. "  The executive director of a Shinsegi department store said "Shinzegai has no payment guarantee associated with the Samsung Group". 

 In the 1980s, Samsung Electronics began investing heavily in research and development, which were instrumental in propelling the company to the forefront of the global electronics industry.  In 1982, it built a television assembly plant in Portugal;  In 1984, a plant in New York;  In 1985, a plant in Tokyo;  In 1987, a facility in England;  In 1996, another facility in Austin, Texas.  As of 2012, Samsung has invested more than $ 13,000,000,000,000 in the Austin facility, which operates under the name Samsung Austin Semiconductor.  This makes the Austin location the largest foreign investment in Texas and one of the largest single foreign investments in the United States. 

 1990-2000

 Samsung began to grow as an international corporation in the 1990s.  Samsung's manufacturing arm was awarded a contract to build two Petronas Towers in Malaysia, Taipei 101 in Taiwan and Burj Khalifa in the United Arab Emirates.  [29] In 1993, Lee Kun-hee sold ten subsidiaries of the Samsung Group, downsizing the company and merging other operations to focus on three industries: electronics, engineering and chemicals.  In 1996, Samsung Group reclaimed the foundation of Sungkyunkwan University.

 In 1992, Samsung became the world's largest manufacturer of memory chips and the world's second-largest chipmaker after Intel (see Worldwide Top 20 Semiconductor Market Share Ranking Year by Year).  [30] In 1995, it made its first liquid-crystal display screen.  Ten years later, Samsung became the world's largest manufacturer of liquid-crystal display panels.  Sony, which did not invest in large-sized TFT-LCDs, approached Samsung to collaborate, and in 2006, the S-LCD was established as a joint venture between Samsung and Sony to allow both manufacturers  To provide a stable supply of LCD panels.  .  The S-LCD was owned by Samsung (50% plus one share) and Sony (50% a share) and it operates its factories and facilities in Tangjung, South Korea.  As of 26 December 2011, it was announced that Samsung had acquired Sony's stake in this joint venture.


 On 2 August 2016, Samsung Electronics unveiled the Galaxy Note 7 smartphone, [45] which went on sale on 19 August 2016.  However, in early September 2016, Samsung suspended sales of the phone and announced an informal recall.  This occurred when some of the phone's units had batteries with a defect, causing them excessive heat, which caused fires and explosions.  Samsung replaced the recalled units of the phone with the new version;  However, it was later discovered that the new version of the Galaxy Note 7 also had a battery malfunction.  Samsung recalled all Galaxy Note 7 smartphones worldwide on 10 October 2016 and permanently ceased production of the phone the following day. 

 Acquired and attempted to acquire

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 Samsung has made the following acquisitions and attempted acquisitions:

 Rowley - Swiss Watch Battle

 In 1995, Samsung Techwin acquired the German camera manufacturer Rowley.  Samsung (Rowley) used its optic expertise on the crystals of a new line of Swiss-made watches, called Nouvelle Pozzarez S.A. in Bassertort, Switzerland.  Was designed by a team of.  Rolex's decision to fight Rowley on every front was characterized by a close resemblance between the two names and feared that its sales would suffer as a result.  In the face of such threats, the Geneva firm decided to confront.  It was also a demonstration of the determination of the Swiss watch industry when an established brand is threatened.  Rolex sees this front-line battle as important to the entire Swiss watch industry.  Rolex has succeeded in keeping Rowley out of the German market.  On 11 March 1995, the Cologne district court stayed the advertising and sale of Rolle watches on German territory.  In 1999, Rollei management bought the company.

 Fokker - Dutch aircraft manufacturer

 Samsung lost the opportunity to revive its unsuccessful bid to take on Dutch aircraft manufacturer Föker when other airplane manufacturers declined their offer to form a consortium.  The three proposed partners - Hyundai, Hanjin and Daewoo - informed the South Korean government that they would not join Samsung Aerospace Industries.