Samsung was founded in 1938 in Taegu, South Korea, and it was initially a company that concentrated in exporting edibles. Its founder started the company exporting dried Korean fish, vegetables and fruit. However, Samsung soon began to acquire machinery and pastry flour for production. The founder didn't waste no time in dreaming small. He was shooting for the stars.
Shooting for the Stars
From there, Samsung was responsible for acquiring various companies that allowed it to enter into different markets such as manufacturing of tanks, weapons and submarines (Samsung Fire and Marine), life insurance, annuities and health (Samsung Life), management buildings, food, beverages, energy and environment (Samsung Everland), petrochemical and chemical (Samsung Petrochemical), heavy machinery (Samsung Heavy Industries), construction industry (Samsung Construction), the best known, electronics (Samsung Electronics), and many others as well.
Samsung's Success Around the Globe
Samsung's work in electronics began in 1970. It began the production of televisions or TV in black and white, washing machines and refrigerators in 1974, and in 1979, a mass production of Samsung's microwave ovens were distributed. In fact, the previous year, Samsung had produced 4 million black and white televisions.
In 1981, it sold 1 million color TVs, and the following year, it sold 10 million TVs in black and white. Also in 1982, Samsung created a subsidiary in German sales. Samsung took 12 years to sell 10 million TVs in black and white, while in the same time period, sales of color televisions doubled. At the same time, Samsung started producing personal computers (1983), exported VCRs to America (1984), and developed the lightest and smallest VCR in the world (1986), which began selling like hotcakes around the globe as soon as it launched on the market.
The Restructure of Samsung
It was in November 1987, when the son of the founder of Samsung was devoted to restructure this company to make it one of the world's top five electronic companies, and he was surely able to make this occur. Between 1991 and 1993, the development of a mobile telephone system, development of a hard drive 250MB, and the first digital video recorder (DVD-R) in the world took place. In the following years, Samsung produced the 30 millionth microwave oven (1994), created the first dual 33-inch TV screen in the world (1995), completed the development of the DRAM 1GB, and completed the development of the world's fastest CPU by then, the Alpha chip (1996).
In 1997, a financial crisis affected a lot of Korean companies; however, Samsung managed to stay afloat and has been able to still do so even to this day. All of their electronics keep selling like hotcakes, especially their smartphones and tablets. Samsung is now one of the leading companies in the world. It is often going head to head with the also well-known company Apple.
Samsung Philippines Today
From 2000 to present, Samsung has made great progress in technology, from television screens, mobile phones such as the Samsung Galaxy, tablets like the Samsung Galaxy Tab, home appliances, video recorders, digital cameras, and much more. Samsung price is range considered to be in the middle to the upper range. Being a pioneer in the development of LCD TV / LED TV and Blu-Ray player technology, it is currently suffering further restructuring in a couple of its divisions. However, this has not caused any disadvantage, because the company continues to develop new technologies for an increasingly competitive market.