The Korean Kid Who Created Samsung During A Time Of Great Struggle

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in much of the world chances are high

that someone's first smartphone is

usually a samsung the company has soared

to the top with a reputation for cost

effectiveness innovation and quality in

everything they make but who was

responsible for this how did samsung

achieve success

was born the youngest son of four

siblings to quan jae lim and lee chanwu

biengchul was the son of a prosperous

yanban family that owned land albeit as

a minor branch of the lee clan that land

was located in year young county

province of south gyeongsang the yangban

in korean society was comparable to the

landed nobility in the middle east

europe china and japan and was usually

the privileged ruling class he was born

during a time of great struggle in the

then korean empire in 1910 as it was the

time during which the empire of japan

was annexing the country as a colony

nevertheless most of the korean yangban

became the subservient korean nobility

through which the japanese exerted their

control and libyan chol's family was one

of them keeping the privilege he

completed his high school education at

seoul's jung high school before moving

to tokyo to pursue his post-secondary

education at wasita university though he

did not finish his time after returning

from japan is not known about but it can

be surmised that he spent the time

looking after his family's properties

and estates it was also during this time

that the japanese authorities began to

introduce forced cultural assimilation

and japanization so dealing with such a

predicament may also have taken up his

time after this time he eventually

started his own business a grocery

trading company that he named samsung

trading company

the name samsung means three stars the

name was a reference to the korean

cultural understanding of a

constellation about which korean

folklore tells the tale of a

well-meaning dragon fighting against an

evil one

with the samsung trading company

libyan chul traded noodles and other

consumer products made in and around the

city of daegu then exported to china and

its provinces the company profited off

the increased demand for essential goods

such as food and care products as world

war ii began with the korean and

japanese home markets cutting their

spending on luxury items as a result of

the company's success lee relocated its

headquarters to seoul in 1947.

he was forced to flee seoul when the

korean war started because the korean

people's army had taken over most of

south korea he went to busan where he

focused on chael jedong the sugar

refinery he founded in the city which

was followed in 1954 by chelmojik which

he founded and constructed in

chimsendong daegu these businesses were

established under the samsung brand

effectively diversifying it into

different kinds of products on a side

note chil jedong exists today as korea's

leading food culture company engaged in

advanced food research works it was also

during this time that lee had a partner

named chohong hong-jae who was

responsible for breaking samsung into

other kinds of goods but they had a

dispute over differences in management

style this led them to split apart and

therefore samsung group was divided into

the hyosung group the samsung group

hankook tire and other companies

during this period samsung was run with

the focused aim of helping korea

industrialize rapidly his company

benefited from the new protectionist

measures the korean government had put

in place these measures aimed to aid the

chable or large domestic conglomerates

by shielding them from the competition

and facilitating easy financing samsung

was one of those chables as he ran it as

a family owned business grooming his

third son lee kun-hee to take over

eventually the company bought three of

korea's biggest commercial banks in the

late 1950s along with an insurance

provider a cement manufacturer and a

fertilizer manufacturer

in the 1960s samsung bought additional

insurance firms an oil refinery a nylon

manufacturer and a department store

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in 1969 samsung made its debut in the

electronic sector with a number of

divisions dedicated to the sector these

included samsung corning samsung

semiconductor and telecommunications

samsung electromechanics and samsung

electronics devices a partnership

between samsung and sanyo also got

underway

opening the door for the manufacturer of

consumer goods like tvs and microwaves

the first black and white tvs samsung

sanyo produced were for the korean

market in 1970 and they were a big

success because korean consumers

preferred them to japanese sets samsung

was able to innovate quickly because it

was already a significant manufacturer

in korea and had acquired a 50 stake in

korea semiconductor samsung also made

transistor black and white tvs color tvs

refrigerators electric desk calculators

and air conditioners over the following

10 years the company produced 5 million

tvs a significant milestone in 1978.

samsung heavy industries was one of the

world's biggest shipbuilders by 1974.

the business founded samsung electronics

america and suwon rnd center in the

later part of the 1970s by this time it

was clear lieb young chul had made it he

was already topping the list of richest

koreans consistently lee also held the

position of chairman of the federation

of korean industries a powerful business

organization made up of the top

businessmen in the nation including

representatives from lg and samsung this

gave the chables significant influence

over the development of the nation's

fiscal and monetary policies the effects

of which are still being debated today

with the acquisition of hanguk janja

tongsen in 1980 samsung made its foray

into the telecommunications hardware

sector samsung started out making

telephone switchboards then developed

into telephone and fax systems before

switching to the production of mobile

phones in 1988. it was around this time

in 1987 that lee yong-chol died a

natural death leading to the previously

mentioned lee hong ki his third son to

take over as president of samsung at

first though samsung did not see the

sales it had hoped for because motorola

a 1928 founded telecommunications

company already controlled 60

of the korean mobile phone market

samsung had only been able to secure a

10

hold at the time this issue persisted

for a number of years with samsung's

products being infamous for their subpar

performance and quality it is said that

because of these problems company

management frequently thought about

leaving the cell phone market samsung is

one of the few mobile phone companies

that exceeded expectations and reached

the absolute top of the market despite

the fact that it is not the only

business to have struggled in the mobile

phone sector companies like lg and

amazon completely failed in such

endeavors this was made possible by one

crucial choice

it wasn't until 1995.

a few years after samsung unveiled its

first cell phone that it was determined

the company required a new business plan

for the future the person who initiated

this change was lee khan he it was

decided that the business would place a

greater emphasis on cutting edge

technology rather than the less coveted

and lucrative goods that they were

currently peddling the company decided

to invest in new technologies rather

than continue with such products early

in the 21st century samsung's tech

business grew and expanded and it

eventually surpassed sony to overtake it

as the 20th largest consumer company in

the world

additionally it cemented its position as

the most well-liked consumer brand

overall

lee kung hee also led the company to

invest heavily in the development of

smartphones the samsung galaxy s the

company's first smartphone was released

in june 2010. the new phone was well

received by the public who compared it

favorably to other popular

android-powered smartphones like the

nexus 1 and htc desire critics and news

media alike praised the galaxy s for its

super amoled display but it also faced

criticism for its subpar gps features

and deteriorating performance over time

samsung has produced dozens of

smartphones since the launch of the

galaxy s each one outperforming the last

in terms of new features and system

upgrades some products like the galaxy

note edge achieved the utmost levels of

success due to its curved screen edges

the 2014 release of the galaxy note edge

was distinctive this curved screen

technology has been incorporated into

many phones that have been released

since the first edge including the

galaxy s8 and s9 the phone which at the

time was viewed as more of a concept

product was nevertheless widely

publicized and served as an inspiration

for subsequent phones the tablet

features an 8 megapixel camera an

octa-core processor and a 9.7 inch

screen samsung has released a number of

excellent tablets since the tab s2's

success with the galaxy tab active 3

being the most recent in 2020 with its

most recent technological advancements

enabling the release of foldable

smartphones the samsung galaxy z fold

and the galaxy zefal 2 samsung has come

a long way since the company's first

smartphone was released in 2010.

samsung is currently led by lee ji zhang

following his father lee khan he's death

in recent times however the company has

been facing the consequences of a major

scandal the performance of over 10 000

apps including system apps google apps

instagram tiktok netflix microsoft

office and a number of other third-party

apps was found to be slower by over 56

when samsung's game optimizing service

was tested on some of the galaxy

flagship devices the list of these apps

was even created by the south korean

tech forum miko additionally it became

clear that the gos restrictions did not

include benchmarking apps this means

that even though apps were slowing down

for galaxy users their devices were

still reporting exaggerated performance

numbers for these apps in fact due to

the problem the well-known benchmarking

website geekbench resigned from

supporting samsung's most recent

flagship smartphones which include the

new galaxy s22 series flagships the game

optimization service gos app throttling

scandal has been officially apologized

for by samsung vc and ceo zhang hee-han

to users of the company's flagship

galaxy devices junghi assured samsung

customers at the company's annual

shareholders meeting that the company

would listen to customers more closely

to prevent such an issue from happening

again li ji zhang's own succession to

leadership was complicated by korean law

not long before this seeking to avoid

massive legally mandated succession

taxes he issued a rare apology over

contentious succession plans and

declared he would not give his children

management rights at the family-run

conglomerate it followed korean

prosecutors indicting him for a number

of violations and a lengthy court battle

too president of the republic of korea

moon jae-in succeeded his ousted

predecessor park hyung-hee in 2017 and

campaigned on a platform of reforming

family-run conglomerates that control

the economy he also pledged that he

would not pardon tycoon convictions

lightly as he claimed had been done in

the past the current times are not so

good for samsung

samsung's current interest in ai is

evidence that it has no plans to slow

down in its effort to produce

cutting-edge technology for the general

public the galaxy s8 introduced

samsung's built-in ai system bixby which

functions similarly to apple's siri and

already provides users with an ai

experience with its effort to integrate

ai into people's daily lives samsung is

now advancing further into the field of

artificial intelligence according to

samsung it is now concentrating on the

user experience and advantages of using

ai with a primary focus on the user

rather than just the ai itself samsung

will continue to try to embrace the use

of ai within its upcoming devices by

2022 samsung intends to invest 22

billion dollars in cutting-edge

technology with 5g and ai taking the

lead samsung intends to hire 1 000 new

scientists at ai focused research

facilities around the world as part of

its research initiative overall

projected investments in the coming

future are supposed to reach over 206

million dollars and through 2023 these

investments will be made the company

claims that this move will give it the

opportunity to improve its position

internationally in cutthroat markets

like the chip market while also giving

it new growth prospects in next

generation telecommunications and

robotics the precise sums that samsung

electronics will spend on each of the

industries highlighted were not broken

down however it emphasized once more

that mergers and acquisitions are being

thought about in order to consolidate

technology and take the lead in the

market this means they are going back to

their tried and true method of advancing

their technology by acquiring new

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