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list-unstyled" style="--category-color:var(--red)"><li class="link-black font-14 my-10"><a href="/money/Samsung-Electronics#ref1020548-1">Introduction</a></li><li class="link-black font-14 my-10"><a href="/money/Samsung-Electronics#ref348582">Early years</a></li><li class="link-black font-14 my-10"><a href="/money/Samsung-Electronics#ref348583">Electronics</a></li><li class="link-black font-14 my-10"><a href="/money/Samsung-Electronics/Samsung-as-a-global-company#ref348584">Samsung as a global company</a></li></ul><div class="font-14 font-weight-bold mt-20">Read More</div><div class="TableOfContents_RelatedArticle__yK5m6" data-testid="RelatedContents"><a href="/money/Motorola-Inc" class="link-black" data-testid="RelatedContent-1-394377-1"><div class="card card-sm card-horizontal my-15" data-testid="Card"><div class="card-media" data-testid="CardMedia" style="aspect-ratio:50/40"><img loading="lazy" 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data-testid="Card"><div class="card-media" data-testid="CardMedia" style="aspect-ratio:50/40"><img loading="lazy" src="https://cdn.britannica.com/26/233526-050-F27B5225/Sony-Corporation-headquarters-Tokyo-Japan.jpg?c=crop&h=40&w=50" alt="Sony headquarters" data-testid="IrisImage"/></div><div class="card-body" data-testid="CardBody"><div class="font-14">Sony</div></div></div></a></div></div><button class="btn btn-outline-undefined TableOfContents_MobileTableOfContentsButton__dHpRi d-md-none mb-20 w-100 d-none" data-testid="MobileTableOfContents" type="button" aria-label="Table Of Contents" style="--category-color:var(--red)"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0V0z"></path><path d="M4 10.5c-.83 0-1.5.67-1.5 1.5s.67 1.5 1.5 1.5 1.5-.67 1.5-1.5-.67-1.5-1.5-1.5zm0-6c-.83 0-1.5.67-1.5 1.5S3.17 7.5 4 7.5 5.5 6.83 5.5 6 4.83 4.5 4 4.5zm0 12c-.83 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9c-1.66 0-3 1.34-3 3s1.34 3 3 3c.79 0 1.5-.31 2.04-.81l7.12 4.16c-.05.21-.08.43-.08.65 0 1.61 1.31 2.92 2.92 2.92 1.61 0 2.92-1.31 2.92-2.92s-1.31-2.92-2.92-2.92z"></path></svg>Share</button><span hidden="" style="position:fixed;top:1px;left:1px;width:1px;height:0;padding:0;margin:-1px;overflow:hidden;clip:rect(0, 0, 0, 0);white-space:nowrap;border-width:0;display:none"></span></div><div class="" data-testid="BylinesWrapper"><strong class="font-12 mr-5 text-center">Written by</strong><span class="mr-5" data-testid="Byline"><span class="Byline_popoverTrigger__xVs4j font-14" id="_R1jiksvf7ksq">Peter Bondarenko</span></span><div class="popover AuthorPopover_AuthorPopover__0W0b4" data-testid="Popover"><a class="font-weight-semi-bold" href="/money/author/Peter-Bondarenko/9343972">Peter Bondarenko</a><div class="AuthorPopover_shortBio__1tFaf mt-5 font-14 font-serif text-gray-700 line-clamp clamp-4">Former Assistant Editor, Economics, Encyclopædia Britannica.</div><div data-popper-arrow="true"></div></div></div><strong class="font-12 mr-5">Fact-checked by</strong><span class="mr-5" data-testid="Byline"><span class="Byline_popoverTrigger__xVs4j font-14" id="_R1liksvf7ksq">The Editors of Encyclopaedia Britannica</span></span><div class="popover AuthorPopover_AuthorPopover__0W0b4" data-testid="Popover"><a class="font-weight-semi-bold" href="/money/author/The-Editors-of-Encyclopaedia-Britannica/4419">The Editors of Encyclopaedia Britannica</a><div class="AuthorPopover_shortBio__1tFaf mt-5 font-14 font-serif text-gray-700 line-clamp clamp-4">Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. They write new content and verify and edit content received from contributors.</div><div data-popper-arrow="true"></div></div><div class="caption mt-5 d-flex" data-testid="ContentDateAndHistory"><span>Updated: <time dateTime="Dec. 06, 2024">Dec. 06, 2024</time></span></div></div><div class="TableOfContents_TableOfContents__g8WLR d-none" data-testid="TableOfContents"><div class="font-16 font-weight-bold">Table of Contents</div><hr class="mt-0"/><ul class="TableOfContents_TableOfContentsList__yU1tL p-0 mt-0 mb-0 list-unstyled pl-5" style="--category-color:var(--red)"><li class="link-black font-14 my-10"><a href="/money/Samsung-Electronics#ref1020548-1">Introduction</a></li><li class="link-black font-14 my-10"><a href="/money/Samsung-Electronics#ref348582">Early years</a></li><li class="link-black font-14 my-10"><a href="/money/Samsung-Electronics#ref348583">Electronics</a></li><li class="link-black font-14 my-10"><a href="/money/Samsung-Electronics/Samsung-as-a-global-company#ref348584">Samsung as a global company</a></li></ul><div class="font-14 font-weight-bold mt-20">Read More</div><div class="TableOfContents_RelatedArticle__yK5m6" data-testid="RelatedContents"><a href="/money/Motorola-Inc" class="link-black" data-testid="RelatedContent-1-394377-1"><div class="card card-sm card-horizontal my-15" data-testid="Card"><div class="card-media" data-testid="CardMedia" style="aspect-ratio:50/40"><img loading="lazy" src="https://cdn.britannica.com/34/128734-050-2AF822A1/Motorola-logo-2005.jpg?c=crop&h=40&w=50" alt="Motorola logo" data-testid="IrisImage"/></div><div class="card-body" data-testid="CardBody"><div class="font-14">Motorola, Inc.</div></div></div></a><a href="/money/Hewlett-Packard-Company" class="link-black" data-testid="RelatedContent-1-264529-1"><div class="card card-sm card-horizontal my-15" data-testid="Card"><div class="card-media" data-testid="CardMedia" style="aspect-ratio:50/40"><img loading="lazy" src="https://cdn.britannica.com/05/23605-004-F2B4F973/Palo-Alto-garage-equipment-William-Hewlett-California-1938.jpg?c=crop&h=40&w=50" alt="Garage where William Hewlett and David Packard began their company, HP" data-testid="IrisImage"/></div><div class="card-body" data-testid="CardBody"><div class="font-14">Hewlett-Packard Company</div></div></div></a><a href="/money/Sony" class="link-black" data-testid="RelatedContent-1-554596-1"><div class="card card-sm card-horizontal my-15" data-testid="Card"><div class="card-media" data-testid="CardMedia" style="aspect-ratio:50/40"><img loading="lazy" src="https://cdn.britannica.com/26/233526-050-F27B5225/Sony-Corporation-headquarters-Tokyo-Japan.jpg?c=crop&h=40&w=50" alt="Sony headquarters" data-testid="IrisImage"/></div><div class="card-body" data-testid="CardBody"><div class="font-14">Sony</div></div></div></a></div></div><button class="btn btn-outline-undefined TableOfContents_MobileTableOfContentsButton__dHpRi d-md-none mb-20 w-100" data-testid="MobileTableOfContents" type="button" aria-label="Table Of Contents" style="--category-color:var(--red)"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0V0z"></path><path d="M4 10.5c-.83 0-1.5.67-1.5 1.5s.67 1.5 1.5 1.5 1.5-.67 1.5-1.5-.67-1.5-1.5-1.5zm0-6c-.83 0-1.5.67-1.5 1.5S3.17 7.5 4 7.5 5.5 6.83 5.5 6 4.83 4.5 4 4.5zm0 12c-.83 0-1.5.68-1.5 1.5s.68 1.5 1.5 1.5 1.5-.68 1.5-1.5-.67-1.5-1.5-1.5zM7 19h14v-2H7v2zm0-6h14v-2H7v2zm0-8v2h14V5H7z"></path></svg><span class="font-18 ml-5">Table Of Contents</span></button><span hidden="" style="position:fixed;top:1px;left:1px;width:1px;height:0;padding:0;margin:-1px;overflow:hidden;clip:rect(0, 0, 0, 0);white-space:nowrap;border-width:0;display:none"></span><div class="font-serif font-18 lh-lg dropCapArticle"><div class="Article_floatedHeroComponents__8_NjL"><div class="mb-10 BorderlessCard_BorderlessCard__u5tTW d-inline-block w-100 pb-0 rounded border p-10" data-testid="BorderlessCard"><div class="w-100 position-relative d-flex"><img loading="eager" src="https://cdn.britannica.com/52/157052-050-61DE6C39/Samsung-Group-South-Korean-construction-electronics-industries.jpg?w=385" alt="Samsung" width="385" data-testid="IrisImage" class="border rounded w-100"/><button class="btn btn-outline-blue-dark btn-xl btn-circle CircleIconButton_CircleIconButton__HkIE0 position-absolute bottom-10 right-10 bg-white" data-testid="CircleIconButton" type="button" aria-label="Open full size image" id="_Rcksvf7ksq"><svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0V0z"></path><path d="M15.5 14h-.79l-.28-.27A6.471 6.471 0 0 0 16 9.5 6.5 6.5 0 1 0 9.5 16c1.61 0 3.09-.59 4.23-1.57l.27.28v.79l5 4.99L20.49 19l-4.99-5zm-6 0C7.01 14 5 11.99 5 9.5S7.01 5 9.5 5 14 7.01 14 9.5 11.99 14 9.5 14z"></path><path d="M12 10h-2v2H9v-2H7V9h2V7h1v2h2v1z"></path></svg></button><div class="tooltip font-16" data-testid="Tooltip">Open full sized image<div data-popper-arrow="true"></div></div></div><div class="font-serif text-gray-700 mt-5 font-14 text-left">Samsung is a South Korean company specializing in a wide variety of consumer and industry electronics.</div><div class="font-serif text-gray-700 mt-5 font-12 font-italic mb-10 text-left">© pcruciatti/Shutterstock.com</div></div></div><div class="QuickFacts_quickFacts__FMF2_ border rounded p-20 mb-20 ml-sm-20 mx-auto font-14 bg-white font-sans-serif"><div class="" data-testid="QuickFacts-Facts"><div class="QuickFacts_fact__5ukCJ position-relative mb-10 line-clamp clamp-3"><dl class=""> <dt class="font-weight-bold text-capitalize mr-5">Date:</dt><dd>March 1, 1938 - present</dd></dl></div><div class="QuickFacts_fact__5ukCJ position-relative mb-10 line-clamp clamp-3"><dl class=""> <dt class="font-weight-bold text-capitalize mr-5">Areas Of Involvement:</dt><dd><a href="/topic/textile">textile</a></dd><dd><a href="/technology/aerospace-industry">aerospace industry</a></dd><dd><a href="/technology/electronics">electronics</a></dd><dd><a href="/technology/home-appliance">home appliance</a></dd><dd><a href="/science/semiconductor">semiconductor</a></dd></dl></div><div class="QuickFacts_fact__5ukCJ position-relative line-clamp clamp-3"><dl class=""> <dt class="font-weight-bold text-capitalize mr-5">Related People:</dt><dd><a href="/money/Lee-Kun-Hee">Lee Kun-Hee</a></dd></dl></div></div></div><div class="mb-20 font-sans-serif"><div class="label mb-5 font-weight-bold text-hr text-hr-right font-14">Recent News</div><div class="mt-5 d-flex flex-column" data-testid="RecentNews-Item-3972001"><span class="font-12"><time class="mr-5" dateTime="Dec. 4, 2024, 8:32 AM UTC">Dec. 4, 2024, 8:32 AM UTC</time>(TechSpot)</span><a href="https://www.techspot.com/news/105822-samsung-may-unveil-smart-ar-glasses-galaxy-s25.html" class="d-block font-14 gtm-ap-news-link font-weight-semi-bold">Samsung to unveil AR glasses prototype at Galaxy S25 launch event next month</a></div><div class="mt-5 d-flex flex-column" data-testid="RecentNews-Item-3977197"><span class="font-12"><time class="mr-5" dateTime="Dec. 3, 2024, 3:20 AM UTC">Dec. 3, 2024, 3:20 AM UTC</time>(Newsweek)</span><a href="https://www.newsweek.com/us-loans-stellantis-samsung-venture-billions-build-ev-battery-plants-1994220" class="d-block font-14 gtm-ap-news-link font-weight-semi-bold">US Loans Stellantis, Samsung Venture $7.54B to Build EV Battery Plants</a></div><button class="btn btn-xs btn-text-black btn-show-more p-0" data-testid="RecentNews-Toggle" aria-pressed="false">Show More<svg stroke="currentColor" fill="currentColor" stroke-width="0" viewBox="0 0 24 24" height="1em" width="1em" xmlns="http://www.w3.org/2000/svg"><path fill="none" d="M0 0h24v24H0V0z"></path><path d="M7.41 8.59 12 13.17l4.59-4.58L18 10l-6 6-6-6 1.41-1.41z"></path></svg></button></div><section class="HTMLContent_HTMLContent__cOyPs" data-testid="HTMLContent"><span id="ref1020548-1" data-level="1" /><p><strong><span id="ref1221707" />Samsung</strong>, South Korean company that is one of the world’s largest producers of electronic devices. Samsung specializes in the production of a wide variety of consumer and industry <a href="/technology/electronics">electronics</a>, including <a href="/technology/home-appliance">appliances</a>, digital media devices, <a href="/science/semiconductor">semiconductors</a>, memory chips, and integrated systems. It has become one of the most-recognizable names in technology and produces about a fifth of <a href="/place/South-Korea">South Korea’s</a> total exports.</p></section><section class="HTMLContent_HTMLContent__cOyPs" data-testid="HTMLContent"><span id="ref348582" data-level="1" /><h2 class="h2">Early years</h2><p>Samsung was founded as a grocery trading store on March 1, 1938, by <span id="ref1229691" /><a href="/biography/Lee-Byung-Chull">Lee Byung-Chull</a>. He started his business in <a href="/place/Daegu">Taegu</a>, Korea, trading <a href="/topic/noodle">noodles</a> and other goods produced in and around the city and exporting them to <a href="/place/China">China</a> and its provinces. (The company name, Samsung, came from the Korean for “three stars.”) After the <a href="/event/Korean-War">Korean War</a>, Lee expanded his business into textiles and opened the largest woolen mill in Korea. He focused heavily on <a href="/topic/industrialization">industrialization</a> with the goal of helping his country redevelop itself after the war. During that period his business benefited from the new <a href="/money/protectionism">protectionist</a> policies adopted by the Korean government, whose aim was to help large domestic <a href="/money/conglomerate-business">conglomerates</a> (<em><a href="/money/chaebol">chaebol</a></em>) 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. Samsung in the 1960s acquired more insurance companies as well as an oil refinery, a nylon company, and a <a href="/money/department-store">department store</a>.</p><p>During the 1970s the company expanded its textile-manufacturing processes to cover the full line of production—from raw materials all the way to the end product—to better compete in the <a href="/topic/textile">textile</a> industry. New subsidiaries such as Samsung Heavy Industries, Samsung Shipbuilding, and Samsung Precision Company (Samsung Techwin) were established. Also, during the same period, the company started to invest in the heavy, chemical, and <a href="/science/petrochemical">petrochemical</a> industries, providing the company a promising growth path.</p><span id="ref348583" data-level="1" /><h2 class="h2">Electronics</h2><p>Samsung first entered the electronics industry in 1969 with several electronics-focused divisions. Their first products were black-and-white <a href="/technology/television-technology">televisions</a>. During the 1970s the company began to export home electronics products overseas. At that time Samsung was already a major manufacturer in Korea, and it had acquired a 50 percent stake in Korea Semiconductor.</p><p>The late 1970s and early ’80s witnessed the rapid expansion of Samsung’s technology businesses. Separate <a href="/science/semiconductor">semiconductor</a> and electronics branches were established, and in 1978 an <a href="/technology/aerospace-industry">aerospace</a> division was created. Samsung Data Systems (now Samsung SDS) was established in 1985 to serve businesses’ growing need for systems development. That helped Samsung quickly become a leader in information technology services. Samsung also created two <a href="/topic/research-and-development">research and development</a> institutes that broadened the company’s technology line into electronics, semiconductors, high-polymer chemicals, <a href="/science/genetic-engineering">genetic engineering</a> tools, <a href="/technology/telecommunication">telecommunications</a>, aerospace, and nanotechnology.</p></section></div></div><aside class="d-none d-lg-block cm-right-rail col-da-320 z-1" data-testid="RightRail"></aside></div><div data-page-index="1" data-testid="PageSentinel"></div></div></main><footer class="Footer_Footer__h6k1G text-align-center pb-100" data-testid="Footer"><div class="pt-30 pt-md-40 mx-25 mx-md-0"><a href="/money"><img loading="lazy" src="https://cdn.britannica.com/money/assets/Money-475x60-footer-2x.png?h=47&w=390" alt="Britannica Money Logo" data-testid="IrisImage"/></a></div><div class="Footer_SubLinks__z2QDt my-30 font-weight-semi-bold font-weight-semi-bold d-flex flex-row tw-justify-center 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He started his business in \u003ca href=\"/place/Daegu\"\u003eTaegu\u003c/a\u003e, Korea, trading \u003ca href=\"/topic/noodle\"\u003enoodles\u003c/a\u003e and other goods produced in and around the city and exporting them to \u003ca href=\"/place/China\"\u003eChina\u003c/a\u003e and its provinces. (The company name, Samsung, came from the Korean for “three stars.”) After the \u003ca href=\"/event/Korean-War\"\u003eKorean War\u003c/a\u003e, Lee expanded his business into textiles and opened the largest woolen mill in Korea. He focused heavily on \u003ca href=\"/topic/industrialization\"\u003eindustrialization\u003c/a\u003e with the goal of helping his country redevelop itself after the war. During that period his business benefited from the new \u003ca href=\"/money/protectionism\"\u003eprotectionist\u003c/a\u003e policies adopted by the Korean government, whose aim was to help large domestic \u003ca href=\"/money/conglomerate-business\"\u003econglomerates\u003c/a\u003e (\u003cem\u003e\u003ca href=\"/money/chaebol\"\u003echaebol\u003c/a\u003e\u003c/em\u003e) 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. Samsung in the 1960s acquired more insurance companies as well as an oil refinery, a nylon company, and a \u003ca href=\"/money/department-store\"\u003edepartment store\u003c/a\u003e.\u003c/p\u003e\u003c!--[P-2]--\u003e\u003cp\u003eDuring the 1970s the company expanded its textile-manufacturing processes to cover the full line of production—from raw materials all the way to the end product—to better compete in the \u003ca href=\"/topic/textile\"\u003etextile\u003c/a\u003e industry. New subsidiaries such as Samsung Heavy Industries, Samsung Shipbuilding, and Samsung Precision Company (Samsung Techwin) were established. Also, during the same period, the company started to invest in the heavy, chemical, and \u003ca href=\"/science/petrochemical\"\u003epetrochemical\u003c/a\u003e industries, providing the company a promising growth path.\u003c/p\u003e\u003c!--[P-3]--\u003e\u003cspan id=\"ref348583\" data-level=\"1\" /\u003e\u003ch2 class=\"h2\"\u003eElectronics\u003c/h2\u003e\u003cp\u003eSamsung first entered the electronics industry in 1969 with several electronics-focused divisions. Their first products were black-and-white \u003ca href=\"/technology/television-technology\"\u003etelevisions\u003c/a\u003e. During the 1970s the company began to export home electronics products overseas. At that time Samsung was already a major manufacturer in Korea, and it had acquired a 50 percent stake in Korea Semiconductor.\u003c/p\u003e\u003c!--[P-4]--\u003e\u003cp\u003eThe late 1970s and early ’80s witnessed the rapid expansion of Samsung’s technology businesses. Separate \u003ca href=\"/science/semiconductor\"\u003esemiconductor\u003c/a\u003e and electronics branches were established, and in 1978 an \u003ca href=\"/technology/aerospace-industry\"\u003eaerospace\u003c/a\u003e division was created. Samsung Data Systems (now Samsung SDS) was established in 1985 to serve businesses’ growing need for systems development. That helped Samsung quickly become a leader in information technology services. Samsung also created two \u003ca href=\"/topic/research-and-development\"\u003eresearch and development\u003c/a\u003e institutes that broadened the company’s technology line into electronics, semiconductors, high-polymer chemicals, \u003ca href=\"/science/genetic-engineering\"\u003egenetic engineering\u003c/a\u003e tools, \u003ca href=\"/technology/telecommunication\"\u003etelecommunications\u003c/a\u003e, aerospace, and nanotechnology.\u003c/p\u003e\u003c!--[P-5]--\u003e"])</script><script>self.__next_f.push([1,"7:[\"$\",\"$L18\",null,{\"initialArticle\":{\"contentInfo\":{\"contentId\":\"1-1020548-1\",\"browserTitle\":\"Samsung | History \u0026 Facts\",\"metaDescription\":\"Samsung, South Korean company that is one of the world’s largest producers of electronic devices. 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