🇰🇷 Samsung’s Journey: From a Small Trading Shop to a Global Tech Giant
This article explains who founded Samsung, how it grew, who made it a global giant, how many owners it has had, and who controls the company today.
1️⃣ Foundation of Samsung
• Samsung was founded on March 1, 1938, in Daegu, South Korea.
• 👤 Founder: Lee Byung-chul
• Date of birth: February 12, 1910
• Date of death: November 19, 1987
• Age at death: 77 years
In its early days, Samsung was not involved in electronics. The company initially dealt in:
• Rice 🍚
• Noodles 🍜
• Dried fish 🐟
• General trading and exports
The name “Samsung” means “Three Stars” in Korean. Lee Byung-chul believed that his company would become big, powerful, and long-lasting, just like stars in the sky.
2️⃣ Expansionand Entry into Electronics
--> Between 1938 and the 1960s, Samsung expanded into:
• Trading
• Sugar manufacturing
• Textiles
• Insurance and construction
🔥 1969 – A Major Turning Point
In 1969, Samsung founded Samsung Electronics.
This marked the company’s entry into the technology sector.
Early products included:
• Televisions
• Refrigerators
• Washing machines
This decision completely changed Samsung’s future and laid the foundation for its global success.
3️⃣ 👑Owners and Leadership of Samsung
Samsung is a family-controlled conglomerate, known as a chaebol in South Korea. Although many Samsung companies are publicly listed, control has always remained with the Lee family.
1. Lee Byung-chul (1938–1987)
• Founder and first Chairman
• Built the foundation of Samsung
• Expanded the business into multiple industries
Without Lee Byung-chul, Samsung would not exist.
2. Lee Kun-hee (1987–2020)
• Son of the founder
• Born: January 9, 1942
• Died: October 25, 2020
• Age: 78 years
Lee Kun-hee is widely regarded as the man who transformed Samsung into a global brand.
🔥His famous quote:
“Change everything except your wife and children.”
Under his leadership:
• Samsung shifted focus from low-cost products to high-quality premium products
• Heavy investments were made in semiconductors and R&D
• Samsung became a global leader in smartphones, memory chips, and displays
👉 Most of Samsung’s global success was achieved during his era.
3️⃣ Lee Jae-yong (2020–Present)
• Son of Lee Kun-hee
• Born: June 23, 1968
• Age (2026): 57 years
• Position: Vice Chairman (but real decision-maker)
Lee Jae-yong began taking control around 2014 and became the most powerful leader after his father’s death in 2020.
--> His focus areas include:
• Artificial Intelligence (AI)
• Advanced semiconductor technology
• Electric vehicle components
• Future-oriented innovation
Despite facing legal controversies in the past, he continues to control Samsung’s strategic direction.
🤔 Who Will Lead Samsung in the Future?
--> At present, Lee Jae-yong is expected to remain in control of Samsung for the long term.
• In Samsung:
Leadership is based more on ownership and influence than on official titles
• In the future:
Leadership may pass to the next generation of the Lee family
However, no official successor has been announced yet
📊 Samsung Timeline (Quick Overview)
Year Event
1938 Samsung founded
1969 Samsung Electronics established
1987 Lee Kun-hee becomes Chairman
1990s Global expansion
2010s Leader in smartphones and semiconductors
2020 Lee Jae-yong becomes top leader
🌍 Samsung Today
• Today, Samsung is:
One of the world’s top technology companies
A global leader in smartphones and memory chips
A major player in TVs, displays, and AI technology
A brand trusted by millions worldwide
Samsung’s story proves that strong vision, innovation, and long-term thinking can turn a small business into a global powerhouse.
🔺 Disclaimer
This article is for educational and informational purposes only.
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