How samsung formed?

maankr — Tue, 25 Mar 2025 15:29:10 GMT

Samsung was founded as a grocery trading store on March 1, 1938, by Lee Byung-Chull. He started his business in Taegu, Korea, trading noodles and other goods produced in and around the city and exporting them to China and its provinces. (The company name, Samsung, came from the Korean for “three stars.”) After the Korean War, Lee expanded his business into textiles and opened the largest woolen mill in Korea. He focused heavily on industrialization with the goal of helping his country redevelop itself after the war. During that period his business benefited from the new protectionist policies adopted by the Korean government, whose aim was to help large domestic conglomerates (chaebol) by shielding them from competition and providing them easy financing. In the late 1950s the company acquired three of Korea’s largest commercial banks as well as an insurance company and firms that made cement and fertilizer.

Re: How samsung formed?

piyali_31 — Tue, 25 Mar 2025 15:38:43 GMT

It is Daegu, actually.

Re: How samsung formed?

sumitdala — Tue, 25 Mar 2025 16:56:03 GMT

You answered How?
I'll answer why.
To loot people their hard-earned money. 😑

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How samsung formed?

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Re: How samsung formed?