What is the Brand Samsung Group?

what is the brand Samsung Group

The company first emerged in 1969 and has grown tremendously since then. Its name, which means “three stars,” represents an endless universe and has continued to grow and evolve through the years. As a global leader in smartphones, Samsung has consistently beaten Apple’s iPhone in the market. In recent years, the company has been the subject of several complaints about child labor in their supply chains. Today, the company is the world’s leading smartphone manufacturer.

The company began life as a trading company and started out producing textiles. The group’s founder, Lee Kun-hee, had a heart attack last year, and his son, Lee Jae-yong, took over as CEO. He has since restructured the organization’s operations, focusing more on engineering and electronics. He also reacquired the foundation of Sungkyunkwan University, which had been abandoned by his father.

The name Samsung originated in the 1930s, when Lee Byung-Chull opened a grocery store in Taegu. He traded local products and exported them to China. The name Samsung, which translates to “three stars” in Korean, was adopted by the family. The company expanded into textiles after the Korean War and became the largest woolen mill in the country. This expansion helped Korea redevelop after the war. The new government protectionist policies also benefited the company.