The Untold Story of Samsung: From Humble Trading to Tech Leadership

Samsung, a dominant force in the tech world, has a fascinating and often-overlooked history. This piece examines Samsung’s early days, revealing the company’s unexpected transformation. Founded in 1938, Samsung initially operated as a trading company with a small workforce, dealing in dried fish, groceries, and noodles. The company’s entry into the electronics industry came in 1960. Samsung’s founder, Lee Byung Chul, had the vision to expand Samsung across various sectors, branching into insurance, securities, and retail. The company established several electronics-related divisions and opened a facility in Suwon. The initial electronic product was a black and white television. The company was aided by the fact that Lee also owned a private radio and television company. Following the founder’s death, the business was restructured.