Samsung was once renowned for selling dried fish and other groceries. Can you
believe this!?

Samsung was founded in 1938 by Byung-Chull Lee as "Samsung Sanghoe".

It started by exporting dried local fish, vegetables, and fruit to Manchuria and
Beijing.

Lee, the founder had started the business with Rs 30,000 & it expanded to have
its own flour mills and confectionery machines, in just over a decade.

In 1951, Lee established "Samsung Moolsan" (now Samsung Corporation).

In the next couple of decades, many other subsidiaries were born, including

•Samsung Fire & Marine Insurance

•Samsung Life Insurance- Largest insurance company in South Korea!

•Samsung Everland- A theme park!

•Samsung C&T Corporation- A construction company!

But it was in 1969, after 3 decades when Samsung-Sanyo Electronics (which later
became Samsung Electronics that we know today) was established.

Most people just know about Samsung Electronics. No matter how many things you
do, people all over the world will only recognise you for your one best thing.

What other interesting lessons can you derive from this?

#samsung #unbelievable #facts #storyline



Posted by Radhika Bajoria on LinkedIn
link: linkedin.com/in/radhika-bajoria-3102ba158