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Samsung Samsung is a South Korean company originally founded as a grocery trading store by Lee Byung-Chull in March 1938. The company forayed in the electronics industry in 1969 and its first electronic product was a black-and-white television. Soon, the company also started exporting its products and became a major electronic manufacturer in its home country. In 1970, the company acquired a 50 per cent stake in Korea Semiconductor.   Witnessing a rapid expansion in the early 1980s, the company established separate branches for its various electronics businesses. It is at this time that the company also made investments in two research & development institutes which helped it become the market leader in information technology services. By 1990s, the company had become one of the top five electronics makers in the world and was mainly known for its semiconductors, LCD screens and other technology products.

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