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How did Samsung which started as a small fish selling business in South Korea rise to compete with the worlds top apple company today most of us remember Samsung as mobile phones TV and AC washing machines but Samsung is actually a much bigger company than you think not only textiles Hospitals but also one of the largest building company construction company even old famous burj khalifa was built by Samsung company how many of you know this how Samsung company has grown from the level of selling mats and doing small business in Korea to ruling the electronics market of many countries which is what I am going to tell you today in 1938 at the age of 28 Leefuel started Samsung as a small commodity trading company in South Korea. The company sold mats, vegetables and some essential commodities. During the 1940 there was a shortage of essential commodities in South Korea, so considering it as a business opportunity, Sugar Industry, Textile Industry and Insurance
The industry started expanding Samsung business by investing the profits of one company in another company at the same time Samsung became the richest businessman in Korea due to the profits of Samsung in fact this is just the beginning because in 1968 samsung company entered the electronics market. Because of this one step samsung started as a small company somewhere in South Korea and became one of the largest electronics manufacturing company in the world and joined the Fortune 500 list. But all this is definitely not an overnight success because Samsung has come to this stage only after facing many court cases litigations and many failures. It has launched black and white TV within a few years Samsung has grown to become the number one TV manufacturer and has expanded to all divisions in electronics. Like Refrigerator AC washing machine microwave in 1974 samsung electronics bought hand Cook a semiconductor manufacturing company and became the world’s largest semiconductor chip manufacturing company. It seems that Samsung company has grown step by step
If you really think so you are wrong because you have seen so far that there is only one side of the coin. Now let us see who has the back side of the coin. How much did the founders of that company try to make Samsung a success. South Korean government tried more than that. I do not understand. But look at what happened in South Korea in 1940. Due to the war the country account was heavily damaged at that time, Samsung started growing in the country. the South Korean government noticed this and started supporting Samsung because if Samsung gets more income the government income will also increase in the form of taxes. So for this no one can compete with Samsung under the order of the South Korean government the South Korean government stood behind Samsung by placing restrictions on all companies and not importing any product from outside countries increasing access to imports and making all the people in South Korea us on the one hand.
Samsung has grown due to the support given to Samsung by the South Korean government both legally and illegally and due to the tax money created by the company South Korea has also developed a lot. Impact Samsung contribution to South Korea development. city is managed by samsung companye only Samsung products. So this is called mutual growth after his death in 1987 his sons became the CEO of Samsung. At that time many people in the government bribed the politicians and did very easy activities for Samsung growth. An employee released a book called think Samsung. In that book it is written very clearly how they deleted the activities and what proof. In 2008 he was suspended from Samsung for three years and paid more than one million dollars for some of the productivity. Because if there is anything for Samsung company it is a danger to the South Korean government so they left all of them as elegations the opinion of the people is that they make quality products the quality of Marchelux was completely raised to higher standards after this Samsung expanded their business to many countries in the world at the same time the Nokia company belonging to Filmyam made wireless mobile phones and owned the mobile market of many countries in the world.l
So Samsung also used advanced technology in 1990 to compete with Nokia and launched the Samsung mobile phone with LCD display. With this mobile phone Samsung which is growing as a successful company by using advanced technology from flip model to touch screen got a problem from Apple company that is they are copying Apple designs in most of the Samsung phones and tops. Apple company is in almost 10 countries. More than 17 cases have been filed against Samsung at one point of time Apple CEO Steve Jobs announced directly in front of the press that Samsung was copying their designs. In 2012 the US government fined Samsung 500 million dollars for violating Samsung copyright laws. However Samsung growth did not stop. In 2013 Samsung was listed in Fortune 500 as the worlds largest company in terms of revenue. joined in However in 2012 after losing the case against Apple in the court Samsung decided to take revenge that is the group started making phones with advanced and higher specifications than Apple and finally launched the Samsung Note 7 smartphone.
But unfortunatly it started as one of the biggest disaster in the history of Samsung due to this samsung company was trolled on social media and the reputation of the company was also spoiled and used some marketing strategy to grow the company
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