The story about THREE STARS and how it came about


 

Let's talk business and in this case, SAMSUNG. Aside Samsung mobile and electronics, what else do you know about them? 


Let me brief you 👇


History:

Founded on March 1, 1938, by Lee Byung-chul in Daegu, South Korea

Initially a trading company, exporting dried fish, fruits, and vegetables. Diversified into various industries, including textiles, sugar, and electronics.


Headquarters: Samsung Town, Seoul, South Korea

Operations: Over 80 countries worldwide

Employees: Approximately 320,000 employees globally


Business Areas & Companies:


1. Samsung Electronics: Semiconductors, displays, home appliances, and mobile devices


2. Samsung Heavy Industries: Shipbuilding, construction equipment, and wind turbines


3. Samsung C&T: Trading, construction, and fashion


4. Samsung Life Insurance: Life insurance and health insurance


5. Samsung Fire & Marine Insurance: Property insurance and marine insurance


6. Samsung Securities: Brokerage services and investment banking


7. Samsung Asset Management: Asset management and mutual funds


8. Samsung SDI: Batteries and electronic materials


9. Samsung Electro-Mechanics: Electronic components and module solutions


10. Samsung Corning Precision Materials: Glass substrates


11. Samsung Biologics: Biopharmaceuticals


12. Samsung Bioepis: Biosimilars


13. Samsung Medison: Medical equipment


14. Samsung SDS: IT services and cybersecurity


Innovation and Research: 


1. Samsung Advanced Institute of Technology (SAIT): Research and development in emerging technologies


2. Samsung Research Institute: Research in AI, 5G, and IoT


3. Samsung Innovation Museum: Showcases Samsung's innovative products and technologies


4. Samsung Sustainability: Focuses on environmental sustainability, social responsibility, and governance


5. Samsung Foundation: Supports education, healthcare, and cultural development


6. Samsung Volunteer Program: Encourages employee volunteering and community service


Brands and Products:

1. Samsung Electronics: Home appliances, and semiconductors


2. Samsung Mobile: Mobile devices and wearables


3. Samsung Knox: Mobile security solution


Take Home🥰


1. The company's name "Samsung" means "three stars" or "tristar" in Korean.


2. Samsung Sanghoe was a trading company that exported dried fish, fruits, and vegetables to China and Japan. 


3. Lee Byung-chul had a vision to expand his business into various industries, and over time, Samsung diversified into textiles, sugar, and electronics.


4. Samsung is a major player (Big Fish) in the economy of south Korea


5. You too can create your own Samsung, what you need is collaborative friends and investors and one major idea/solution 


6. Now that you learnt all this for free, also share for others to learn too 🙃


Photo credit: Samsung 


Written by: Martin Onyisi 

#techwithmartony #inventionsforyoursmallhome #programming #developer #martonyvianney #STEM #engineering #engineeringlife

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