Interesting facts about Samsung

Samsung is undoubtedly one of the big kahunas in the tech world having established for itself, one of the most colossal electronics and mobile empire in the globe. Its story dates back to 1938, the tale of how a one-time grocery store evolved rapidly through its diversification and continuous innovative ideas into other sectors far ayond mobile and electronics. Samsung’s voyage into the tech world wasn’t all that rosy, they were engulfed with great obstacles but “achievements they say are based on determination”. Here are some interesting facts you need to know about this South-Korean Kingpin.

Since inception, the company’s name Samsung, sam (three) and sung (stars) is said to culturally depict something “massive, multiple and possessing strength”. Samsung was merely a trading corporation of forty employees dealing in locally made goods but their diversification into different sectors including mobile and electronics guides us to yet another fascinating reality.

The corporation presently has 59 unlisted organizations and 19 listed companies ranging from building to financial services, shipbuilding, and even medical sectors and their concerted efforts hired more than 489,000 individuals, spanning through 80 distinct nations, such as Korea.

The Samsung logo we all recognize wasn’t always the company’s logo, it came into use in 1993. Prior to that, there were two other logos, the first was created in 1969 and the second in 1980.

It was in 1970 that Samsung inordinate desire for electronics was manifested with the manufacture of their first electronics being a black and white TV. The first sets of TV produced by Samsung were properly applauded while the automobile phones were met with great criticisms.

South Korea is referred to as “the Republic of Samsung” owing to the great influence of Samsung Group and its lion share in the Gross Domestic Product (GDP) of its home country. According to the CNN reports in 2017, about 0.15% of South-Koreas GDP comprises of the entire resources of the Samsung Group. Furthermore, not less than 20 percent of the market value of the Korea Stock exchange is based on different Samsung organizations with Samsung Electronics playing the biggest role.

In 1995, numerous hardware including phones, televisions and fax machines worth more than $49 million were completely destroyed by Chairman Lee and his board members using heavy hammers. Pretty funny right? The story doesn’t end there. He ensured no less than 2000 employees were onlookers and afterwards, the new management he wanted finally began as the company witnessed rapid growth and ascension to the top of the global market in decades that followed.

Samsung invented the digital TV 1998, the watch phone and MP3 phone were created in the following year, the three-dimension home theater in 2010 and the first curved smartphone display in the world was invented in 2013.

Samsung had over 460% (staggering 250,000) more employees than Apple in 2013 with Samsung hiring past 370,000 individuals and Apple simply 80,000.

Another interesting fact is that Samsung’s building section built the popular Burj Khalifa skyscraper in Dubai, the tallest building in the world since 2010 at 2,722 feet.

Samsung and Six flags united in 2016 and with the application of Samsung VR equipment, established North America’s first Virtual Reality Roller-coasters. You can download samsung user manuals here manymanuals

With the present trend of things, with continuous innovation, technological advancements and unrelenting efforts of Samsung to remain number one in the global market, you'll agree with me that Samsung is really a force to be reckoned with having come a long way. The company undoubtedly had its fair share of achievements and failures but their ability to cross the hurdles made their past very interesting.