Samsung was founded as a grocery trading store on March 1, 1938, by Lee Byung-Chull. He started his business in Taegu, Korea, trading noodles and other goods produced in and around the city and exporting them to China and its provinces. (The company name, Samsung, came from the Korean for “three stars.”) After the Korean War, Lee expanded his business into textiles and opened the largest woolen mill in Korea. He focused heavily on industrialization with the goal of helping his country redevelop itself after the war. During that period his business benefited from the new protectionist policies adopted by the Korean government, whose aim was to help large domestic conglomerates (chaebol) 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 department store. Sources:
Samsung has an interesting history, Samsung has many projects done by daughter companies, after almost 86 years of existence, Samsung has become very flexible and versatile company, known in the world not only for electronics.
For example, you may not have known, but Samsung constructed to build the world's tallest building, "Burj Khalifa". Source:
JBL, company that makes headphones, s owned by Harman, which belongs to Samsung.
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Also, Samsung used to make tanks, possibly, Samsung is still manufacturing tanks.
Source:https: //twitter.com/eurodefence/status/1751977335308370154?t=UpdUlshOaWEHSL7gVjSuWQ&s=19
Samsung is mostly known as the best manufacturer of phones, AMOLED screens, TVs, SSDs, phone cameras, even UFS storage & more.
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