What is Samsung?

Samsung is a South Korean electronics company which sells televisions, household appliances and perhaps most notably, mobile devices. As of Q2 2016, Samsung was the largest vendor in the worldwide smartphone market with a 22.8 percent market share in 2016Q2. The company has experienced year-on-year growth of 7.7 percent. Samsung’s Galaxy devices compete with second largest smartphone vendor Apple in the premium smartphone market. Samsung devices run on the Android operating system. Some of its devices run on Samsung’s own operating system, Tizen. Samsung is one of the world’s largest technology providers. It started out as trading company exporting various products from South Korea to Beijing, China. Founded by Lee Byung-chul in 1938, Samsung gradually developed into the multinational corporation that it is today.
The word Samsung means “three stars” in Korean. It became the name associated with different types of business establishments in South Korea and in various parts of the world. Internationally, people associate the name with electronics, information technology, and development.  In 1969, Samsung Electronics was born. From there, the company started acquiring and creating different business establishments including a hospital, paper manufacturing plant, life insurance company, department stores and many others. The company was destined to become a household name starting in its mother country and spanning its reach to many other cities internationally. Samsung Electronics started catering to the international market in the seventies kicking off with the corporation’s acquisition of half of Korea Semiconductor which made it the leading electronics manufacturer in the country.

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