Samsung Founded in 1938 by Lee Byung-chul as a trading company,

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Updated By: History Editorial Network (HEN)
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Samsung, founded in 1938 by Lee Byung-chul, began as a modest trading company in Su-dong, South Korea. Initially focused on exporting dried fish, locally grown groceries, and noodles, the company laid the foundation for what would later become one of the most influential conglomerates in the world. Lee Byung-chul’s vision and entrepreneurial spirit allowed Samsung to quickly expand into various industries, including textiles, insurance, food processing, and retail. This diversification strategy became a core principle of the company’s growth and resilience over the years. As South Korea underwent rapid industrialization in the latter half of the 20th century, Samsung pivoted toward electronics, eventually making it the central focus of its operations. By the late 1960s, Samsung Electronics was established, setting the stage for its future dominance in the global technology sector. Today, Samsung is synonymous with innovation and quality, known worldwide for its smartphones, semiconductors, home appliances, and displays. What started as a small trading firm has evolved into a symbol of South Korean economic progress and a global leader in technological advancement. \#SamsungHistory #InnovationJourney #MomentsOfLife #MoofLife\_Moment #MoofLife
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