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Saturday, October 5, 2013

The Rise of Samsung

March 1938: Founding chairman Byung-Chull Lee started a business in Taegu, Korea, with 30,000 won (about $29.50 in dollars today). He was the son of a wealthy landowner and rice miller. Company was initially a food exporter, selling Korean fish, vegetables, and fruit.

In a little over a decade, Samsung moved into the production of food, and established manufacturing and sales operations

Factoid: The name Samsung means “Three Stars” in Korean.

The Rise of Samsung
Image source: Best Choice Reviews

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