Many years ago, Samsung was allegedly founded with just 30 dollars, but today, Samsung’s net worth is estimated to be 300 billion dollars.
1. Samsung Started as Grocery Store
Did you know that Samsung began as a grocery store? It was founded in 1938 by Lee Byung-Chull, a local businessman who opened a humble grocery store in South Korea, the store traded, fish, noodles fruit, and vegetables and exported the goods to China. The store had only 40 employees after the Korean war, South Korea became one of the poorest countries in the world.
2. Expanded Business into Textiles
Samsung was born when a 29-year-old man began dreaming to save Korea and its people by creating a successful company. Lee expanded his business into textiles and opened the largest woolen mill in the country and soon entered almost every manufacturing business to help his country redevelop.
3. Entered into Electronics
Samsung also expanded into electronics in the 60s. One of its first products was black and white televisions by the mid-70s Samsung made washing machines and fridges before creating the color tv. Today we all use Samsung products in our daily lives. It’S televisions, smartphones, computers, ovens, cameras, and more so.
4. Became a Tech Giant
The company that was founded with only 30 dollars as a grocery store, selling fish and noodles became one of the most innovative tech giants. With more than 300 000 employees and a net worth of 300 billion dollars in 2013, Samsung was named the largest tech company in the world.