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- About Samsung phones
With many modern businesses using Samsung's achievements as a motivation and an illustration to how a business can grow, The Samsung Group has indeed established a very good name for itself and its products.
Based in Samsung Town in South Korea, Samsung makes up around 20 per cent of the country's total exports, and has an enormous say in its political happenings, economic progresses, culture, and the media, due to it being the leading force, pushing the success of the Miracle on the Han River.
Lee Byung-chull was the man who founded the company in 1947, where it first produced noodles and sold vegetables and other groceries in the city of Daegu. Due to the Korean War, Byung-chull had to travel to Busan, where he started a sugar refinery business, which was a huge success. When the war was over, Lee diversified yet again, creating the biggest woollen mill the country had ever seen.
This was, however, not enough for Lee, who wished to create Samsung as a leader of industry, one with a massive range of products and enterprises. It was this thought track that pushed Lee into creating retail businesses, as well as insurance and security companies too.
It was not until the 1960s when Samsung entered the electrical industry that it is so well known for today.