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Samsung History

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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 affiliated with SAMSUNG)

1951 Jan SAMSUNG Moolsan established (Known today as SAMSUNG Corporation)

1938 Mar SAMSUNG founded in Taegu, Korea

SAMSUNG's industrial era (1970 ~1979)
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