Lee Byung-Chull - Founder Samsung

Lee Byung-Chull founder of Samsung Group was born February 12, 1910, died 19 November 1987. He was the son of a wealthy family of landowners and had lecture at the University of educated Tokyo Wesda though not to pass. Lee Byung-Chull use inheritance to open a rice mill for the first attempt. that did not go well. In 1938, Lee Byung-Chull export trading company established in Korea, selling fish, vegetables, and fruits to China. Company grew rapidly and Lee moved its headquarters to Seoul in 1947. When the Korean War broke out, he was forced to leave Seoul and business start a sugar factory in Busan named Cheil Jedang. And it is South Korea's first sugar mill.


After the war, in 1954, Lee founded the Cheil Mojik and build a woolen mill in Chimsan-dong, Daegu. And it is the largest woolen mills in the country, the company grew rapidly into a large company.

From 1958 onwards Samsung began expanding into other industries such as finance, media, chemicals and shipbuilding throughout the 1970's. In the late 60's, Samsung Group started to get into the electronics industry. That the company can grow with the company rapidly dividing work tasks in the form of electronic divisions, Samsung Electronics Co. diantaran Devices, Samsung Electro-Mechanics Co., Samsung Corning Co., and Samsung Semiconductor & Telecommunications Co., and making facilities in Suwon. His first product was a black and white television. In 1980, the company acquired Hanguk tongsin jeonja in Gumi, began making telecommunications equipment.
its initial product is the switchboards. Starting from the product Samsung started producing phones and faxes, and finally into Samsung's mobile phone manufacturing. From the Samsung factory has produced over 0.8 billion mobile phones today.

In the late 1980's and early 1990's, Samsung Electronics to invest in research and development, investment is very important to push the company into the forefront of the global electronics industry. In 1980, Samsung is the company's manufacturing, distributor, and sells a wide range of appliances and electronic products worldwide. In 1982, he built a television assembly plant in Portugal. In 1984, he built a factory worth $ 25 million in New York. And in 1987, samsung build another facility worth $ 25 million in the UK.
In 1969, Samsung Electronics is best known for producing anything from Samsung Samsung is currently the Television, Mobile Phones (all 90's), Radio, Computer components and other electronic devices.

1987 founder and chairman, Lee Byung-Chull died, and Kun-Hee Lee took over as chairman. In the 1990's Samsung started to build a plant to expand globally in the United States, United Kingdom, Germany, Thailand, Mexico, Spain and China until 1997.

In 1997 almost all Korean businesses have shrunk in size and Samsung is no exception. They sold the business to ease debt and laying off employees to 50,000 employees. But thanks to the electronics industry they managed to survive and continue to grow until today.