Samsung Factory Shops

 

As one of the world’s largest companies, Samsung is a multinational conglomerate with a brand name that is known by millions worldwide.

The South Korean company has been involved in various different industries over more than 74 years of operation, including import/export trading, food processing, textile manufacturing, insurance brokering, securities trading, retail, and, most recently, construction, shipbuilding, and the electronics industry.

It is arguably this last area of operation, and in particular the production of mobile phones and computer accessories, for which Samsung is best known among the general public today.

Samsung was founded in 1938 in Taegu, Korea, by entrepreneur and businessman Byung-Chull Lee. The name ‘Samsung’ translates roughly to ‘three stars’, and was chosen partly due to the significance of the number three in traditional Korean numerology. The company’s initial focus was the trade export business, selling dried Korean fish, vegetables, and fruit to Beijing and Manchuria, as well as producing its own noodles.

Early history of a Technology giant

The outbreak of the Korean war forced the company to move away from exports and led to the construction of a large sugar mill, and later a wool mill (the largest in the country), that would establish the company as a major player in the Asian market.

This diversification continued into the 1960s as management sought to grow Samsung into a worldwide industry leader. This was partly achieved through the acquisition of many different enterprises in the insurance, securities, and retail fields, as well as a focus on industrialisation.

The late 1960s saw Samsung enter the electronics industry, creating many divisions to focus on different types of electronic products. The first of these produced by the company was a black-and-white television set. In 1980, Samsung began to tap into the rapidly growing telecommunications industry, originally producing switchboards.

Through innovative research and development, the company quickly moved towards the production of mobile phones, for which it is currently most well known. Samsung Electronics has produced over 800 million mobile phones to date, and is today the largest information technology company in the world.

Samsung Product Range

Samsung’s other divisions have also flourished in recent years – in particular, Samsung Heavy Industries (the world’s second-largest shipbuilder). Additionally, Samsung’s construction division was awarded the contracts to build one of the two Petronas towers in Malaysia, as well as the Burj Khalifa (currently the world’s tallest building) in the United Arab Emirates.

Since the year 1990, Samsung has further expanded its operations into the production of computer memory chips, liquid-crystal display (LCD) screens, and computer programming.

Samsung stores in South Africa

As a large international company, Samsung has a significant presence in the South African market, with headquarters located in Johannesburg. The company’s electronic products have proven particularly popular in the country, with mobile phones, televisions, laptop computers, digital cameras, home appliances, computer peripherals, printers, and many other products selling well.

A large number of dedicated retail outlets exist in shopping centers all over the country, and Samsung products are also sold by licensed distributors such as electronics retailers, department stores, and many others.

Samsung
Disclaimer

NB!

No open factory outlets for Samsung at the moment but please check back for updates.

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