Biography Lee Byung-Chull founder of Samsung Group

Lee Byung-Chull Samsung Group founder was born February 12, 1910, died 19 November 1987. He was the son of a wealthy family of landowners and had college education at the University of Tokyo Wesda though not until graduation. Lee Byung-Chull use his inheritance to open a rice mill for the first attempt. business was not going well. In 1938, Lee Byung-Chull establish an export trading company in Korea, selling fish, vegetables, and fruits to China. The company is growing rapidly and Lee moved its head office to Seoul in 1947. When the Korean War broke out, he was forced to leave Seoul and started a sugar factory in Busan venture named Cheil Jedang. And it was South Korea's first sugar mill.

After the war, in 1954, Lee founded Cheil Mojik and build a woolen mill in Chimsan-dong, Daegu. And it was the largest woolen mill in the country, the company is growing rapidly into a large company.

From 1958 onwards Samsung began to expand into other industries such as finance, media, chemicals and shipbuilding throughout the 1970's. In the late 60's, Samsung Group started to get into the electronics industry. That the company could grow rapidly dividing company work assignment in the form of electronics divisions, diantaran Samsung Electronics Devices Co., Samsung Electro-Mechanics Co., Samsung Corning Co., and Samsung Semiconductor & Telecommunications Co., and made the facility in Suwon. His first product was a black-and-white television. In 1980, the company acquired Hanguk tongsin jeonja in Gumi, began making telecommunications equipment. Her initial products were switchboards. Starting from the samsung product began producing telephone and fax, and eventually become Samsung's mobile phone manufacturing. From the factory Samsung has produced more than 0.8 billion mobile phones today.

In the late 1980s and early 1990s, Samsung Electronics invested heavily in research and development, investment is very important to encourage the company to the forefront of the global electronics industry. In 1980, Samsung is the company's manufacturing, distributors, and selling a wide range of appliances and electronic products worldwide. In 1982, he built a television assembly plant in Portugal. In 1984, he built a factory for $ 25 million in New York. And in 1987, samsung build another facility worth $ 25 million in the UK. In 1969, Samsung Electronics produces what is the best known of the current Samsung Televisions, Mobile Phones (all 90's), radio, computer components and other electronic devices.

1987 founder and chairman, Lee Byung-Chull died and Kun-Hee Lee took over as chairman. In the 1990's Samsung began to expand globally building factories in the United States, the United Kingdom, Germany, Thailand, Mexico, Spain and China until 1997.

In 1997 nearly all Korean businesses suffered major crisis and Samsung is no exception. They sell some of its business units to relieve debt and laying off employees to 50,000 employees. But thanks to the electronic industry they managed to survive and continue to thrive today.