Biography of Lee Byung-chull (Founder Samsung)

Not all companies with famous brand is established from the beginning with a brand such as Samsung Group companies which are currently more dikela by the public as the company initially Electronic Telecommunications is a company that is engaged in a much different this time, Lee Byung-chull is the founder of Samsung, the following is a brief biography of He and a brief history of Samsung Companies.

Lee Byung-chull He was the founder of Samsung Group, was born February 12, 1910, died 19 November 1987. He was the son of a wealthy land owner and had attended lectures at the University of Tokyo Wesda though not until graduation. Lee Byung-chull use inheritance to open a rice mill for the first attempt. efforts were not going well. In 1938 Lee Byung-Chull export trading company established in Korea, selling fish, vegetables, and fruits to China. Company is growing rapidly and Lee moved its headquarters to Seoul in 1947. When the Korean War broke out, he was forced to leave Seoul and started a sugar factory in Busan, named Cheil Jedang. And that is the first sugar mill in South Korea. After the war, in 1954, Lee founded Cheil Mojik and build a woolen mill in Chimsan-dong, Daegu. And that is the largest woolen mill in the country, the company grew rapidly into large companies.

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

In the late 1980s and early 1990s, 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 the 1980s Samsung was manufacturing companies, distributors, and sells various kinds of equipment and electronics 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 to build another facility worth $ 25 million in the UK.
In 1969, Samsung Electronics to produce what is most known from the current Samsung TV, Mobile Phones (over 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 1990 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 businesses in Korea experienced a big crisis and Samsung is no exception. They sell some business units to relieve 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.