Samsung History
Samsung Group Timeline and History
Samsung’s beginnings (1938 ~ 1969)
On March 1, 1938, founding chairman Byung-Chull Lee started a business in Taegu, Korea with 30,000 won. At first, Mr. Lee's little business was primarily in trade export, selling dried Korean fish, vegetables, and fruit to Manchuria and Beijing. But in just over a decade, SAMSUNG - meaning literally "three stars" in Korean - would have its own flour mills and confectionery machines, its own manufacturing and sales operations, and ultimately become the roots of the modern global corporation that still bears the same name today.
1969
Dec SAMSUNG-Sanyo Electronics established (Renamed SAMSUNG Electro-Mechanics in March 1975 and merged with SAMSUNG Electronics in March 1977)
Jan SAMSUNG Electronics Manufacturing incorporated (Renamed SAMSUNG Electronics in February 1984)
1968
Nov Koryo General Hospital opened (Renamed Kangbuk SAMSUNG Hospital in 1995)
1966
May Joong-Ang Development established (Known today as SAMSUNG Everland)
1965
Oct Saehan Paper Manufacturing acquired (Renamed Chonju Paper Manufacturing in August 1968 and no longer affiliated with SAMSUNG)
Sep SAMSUNG launched Joong-Ang Ilbo newspaper (No longer affiliated with SAMSUNG)
Apr SAMSUNG Foundation of Culture established
1963
Jul DongBang Life Insurance acquired (Renamed SAMSUNG Life Insurance in July 1989
DongHwa Department Store acquired (Known today as Shinsegae Department Store and no longer affiliated with SAMSUNG)
1958
Feb Ankuk Fire & Marine Insurance acquired (Renamed SAMSUNG Fire & Marine Insurance in October1993)
1954
Sep Cheil Industries Inc. founded
1953
Aug Cheil Sugar Manufacturing Co. founded (Now an independent company and no longer...
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