Samsung company history

Samsung company history summary

This company is a South Korean conglomerate company founded by Lee Byung-Chul. Its headquarters are in Suwon. Samsung Company is the world’s largest manufacturer of mobile phones and smartphones due to the popularity of its Samsung Galaxy Tab.

It is a major vendor of tablet computers e.g. android-powered Samsung Galaxy Tab and pioneer of the phablet market through Galaxy Note family of devices. Samsung is therefore considered a company that has contributed to the world’s development in technology.

It is also the world’s largest maker of LCD panels since 2002, world’s largest TV manufacturer since 2006 and largest manufacturer of mobile phones since 2011. Samsung Company displaced Apple Inc. as the world’s largest company in 2011 and is a major part of the South Korean economy.

Controversies however have arisen from various areas such as employees in semi conductor plants being diagnosed with blood cancer (leukemia). The company denied being responsible but after the release of a movie “Another Promise” in 2013, Samsung offered an apology and compensation to workers who got ill. Customers have also complained about overheating of batteries as well as the explosion of Samsung devices.

On April 15, 2011, Apple sued Samsung in the U.S. District court in California for infringement on Apple’s intellectual property: its trademarks, user interface and style. The jury ruled in favor of Apple Company and it was paid $1.049 billion in damages.

Slogans such as “Samsung, for today and tomorrow” (1993-2002) and the current “Samsung Turn on tomorrow” are the driving forces for the inventor’s of these gadgets.

As time evolves, we are all expected to move with the tide and keep with the improvements in technology. We never know, the next thing may be a Samsung automobile.