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Saturday, May 23, 2020

The story of Lee By-chul- Samsung Founder

The story of Lee By-chul- Samsung Founder

An entrepreneur is someone who has a vision that can change millions of lives and help the country grow economically at the same time. This vision brings creative ideas and creates employment opportunities that help the community prosper.

Countries such as USA, China, India, South Korea and many others have played key roles in the global industry. In the case of the electronic and plastic market, China's list of best, best clothes, computers and various types of equipment from the United States and South Korea is famous for electronic and automotive industries. One man from the South Korean market has changed completely electronic and Smartphone Samsung as a company comes to market with a world changing technology. Founder Lee Byung-chul at Samsung has seen many flaws and problems throughout the years and today stands as a symbol of growth, innovation, and prosperity.


Early Life

He was born on February 12, 1910 in County in South Korea Lee was the only son of a wealthy family. His family were owners and left a great deal of property to inherit. Chull attended Waseda University in Tokyo but did not complete his degree. Initially, he used his heritage property to start a rice lunch. Although he dedicated himself to this first venture, he failed to draw and dive without creating huge profits.

After the failure of his first business Chul sailed from Daegu on March 1, 1938 and named him Samsung Trading Co. The company exported a wide variety of products and foods such as fish, vegetables, and fruits to Chinese regions. The company saw significant growth as it shipped goods throughout Korea and even in other countries in 1945. The company was then moved to Seoul in 1947. Samsung Trading Co. is considered to be one of the ten largest trading companies of the period. time. But, Chul faced another problem. This time, the fight. When the war broke out Chul turned his company into a safe haven in Busan around 1950.

But this cycle has become a tradition for Chul. The massive surge of U.S. military and military equipment has intensified its cargo business over the next year and a half. Chul also launched a sugar filtering container that came to light early on. After the war, he started making a wool factory in 1954 in Daegu which later became the largest wool factory in the country. As the business grew, Chul moved to various other sectors such as finance, insurance, retail, and security.

Chul had a strong belief in the industry and wanted to be a team leader each Samsung. It was in the 1960s that Samsung moved to the electronics industry to take over the market like other departments. Samsung was focused on creating innovative products and at the same time the company was releasing its first product - black-and-white television. In the mid and late 1960s Samsung already had six units focusing on sectors such as semiconductor, telecommunications, hardware, etc.

Success in Electricity Business

In 1980, Samsung bought Hanguk Jeonja Tongsin, a major telecommunications company. In this situation the year was same when the company had its own electronics division under Samsung Electronics Co., Ltd. The company then started producing phones, fax machines, and other large-scale electronic devices.

Samsung's founder, Lee Byung Chul, died on November 19, 1987 in Seoul, South Korea. But the company continued its pursuit of a broad-based expansion philosophy. The company has expanded to never include their plants in New York, Texas, London, etc. Samsung's construction company has worked on major projects including Burj Khalifa in Malaysia.

The greatest achievement

Samsung topped the list as the # 1 chip manufacturer in the world in 1992. In 1995 it came with great success as Samsung introduced the first LCD screen to replace the television device industry.

During the same year, the company's total revenue was $ 265 billion in profits to $ 26 billion. Samsung employs more than 425,000 people with a good life.

Praise the Business Father, Lee Byung-chul

Samsung Group, Korea's largest Colombia, celebrated its 100th birthday at Hoam Lee Byung-chul at Hoam Art Hall in Seoul from February 4, and lasted until February 10. At this special event, the Lee family, both past and present Later Samsung executives, other business leaders, politicians and executives attended to commemorate Lee's 100th anniversary. In turn, all participants honored and respected the man whose historic work had spread to the Korean Peninsula, from decades of strict rule of law to revolutionary capitalism. The concert held its opening concert on February 4th, with soprano Jo Su-mi, conductor Kim Jee-yun, pianist Kim Young-ho, and the Bucheon Philharmonic Orchestra. Meanwhile, Lee's presentation took place during the event, featuring Lee's photos, photos, and remarks. On the last day of the event, a workshop was held at the Shilla Hotel in Seoul, where many notable scholars filled the seats and made important speeches. Among them was Harvard Business School scholar Tarun Khanna who gave a presentation on Korean economic growth and the role of entrepreneurs.

Who is Hoam Lee Byung-chul

Hoam Lee Byung-chul, founder of the Samsung Group and the father of the Korean industry said, "Innovative innovations and revolutionary advances in revolutionary technology will revitalize the Korean economy. Time and again he is known as the richest man in Korea.”

What grew Samsung up high was Hoam Lee's management skills

Lee Byung-chul had a good understanding and developed a great company while avoiding bad luck and having a good leader. He maintained the principles of his life that a corporate president should consider three basic ideas while balancing these three: market, people, and management. Also, he trusted his staff with all his heart to allow the person in charge to do the job, without being supervised. His favorite role for the company's security and stability was to choose a psychologist as a consultant rather than a business expert. He realized that management is not about playing numbers, but managing people; also, he understood that his employees are the most valuable assets of his company.

Samsung History

Samsung History

Samsung Group sparked the idea of   connectivity. President Park Chung-hee was conducting a campaign against corruption in 1961. At the time, Lee was living in Japan, refusing to return to Korea and confront the ruling president, because he did not want to walk in the trap of where he was the main target will achieve as the richest man in Korea. However, he and President Park made an agreement that eventually became the pillar of the Korean reunion. The deal is as follows: Samsung is allowed to continue doing business, but it has to be a company that executes government projects that align with President Park's plan. While the agreement illustrates Lee's fall into the government, such a plan established the nature of the Korean financial system, in which the government and a commercial space created a common interest that would benefit both. Then, the corporate profits of Korean-acquired companies can be better interpreted as partially or partly funded by the government. Samsung, however, for a long time, has made progress from day to day and month by month and now sees record profits and revenue.

She started out as a shipping company in 1938, and quickly worked and employed more than 400,000 employees and manufactured electronics, cars, chemicals, and clothing, shipping, and running hotels operating in her company. Samsung Electronics is now known to be one of the 10 top companies in the world and operates five major businesses: telecommunications, home appliances and digital devices, Digital Media, LCD, and Semiconductor. Threatening and intimidating Japan, Taiwan and other countries of the world not mentioned internally, Samsung Electronics with a strong line expansion has succeeded in destroying the market share of any company to become a leading manufacturer of DRAM, home appliances, flash memory, DVD- combo players, and several other devices are also the lead in the upcoming plasma shows and mobile phones. Recently, Samsung has even become a prominent player in Japan's selection.

Samsung's evolution of history

At age 26, he used the money his father inherited to start a month of rice in his hometown. The project went on a rocky road so he moved to Daegu and started a truck and real estate business and named it Samsung, which means 'three stars'. To make matters worse, business has deteriorated due to the noise from the Japanese invasion of Manchuria. However, Lee returned to the business and started a business where he incorporated local and international trade into the former cargo and real estate business he had started. This is how Samsung's Business Competition developed amid turbulent conditions in the Korean Peninsula. In 1953, he launched the first Korean sugar refining company called Cheil Sugar. Cheil which means 'first' was good afterwards and made a very high profit. In 1952, he founded a subsidiary called Cheil Wool Company. Since then, Samsung Electronics has emerged to become the most powerful group and even surpasses Intel's global leaders for financial records in 2005. In 1971, Samsung Electronics won the export of local television for the first time and made The fourth VCR in a row. Since then, Samsung introduced color TVs for the first time in Korea in 1976, and has been recognized as the world's largest black and white TV producer. In this scenario, Samsung went from successful to successful; riding on the rise of the wave and undoubtedly Lee planted the fruits of that success. He also served as chairman of the Korean Industry Association; a leading trade association made up of business leaders in the country.

Samsung Empire

There are four major groups ending in the Samsung Group: Hansol, CJ, and Shinsegae group. Cheil Jedang, known as CJ, is a North Korean company that is different from its mother company, Samsung. Owned and managed by Lee Jae-hyun, Lee's grandfather. It has also opened a chain of movie theaters in the name of CGV. The Shinsegae group is most popular in department stores and is run by Lee's youngest daughter, My Myung-hee. To date, Samsung Group has 64 companies and employs approximately 30,000 employees and combines revenue of KRW200 trillion (US $ 172.3 billion), with close to one-fifth of Korea's gross domestic product (GDP).

This is a very beautiful empire state building

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