Samsung Electronics And Its Impact On Economic Development, Politics And Culture

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ABSTRAT Nowadays Samsung Electronics is a South Korean multinational company that produces a wide range of electronical equipment. In South Korea, the company has a paramount influence on economic development, politics and culture. However, Samsung also has a huge power in the worldwide terms. The revenue that the company earns every year is impressive. At the same time, the whole world may take advantages of Samsung’s products using them. Today Samsung Electronics is globally recognizes as a producer of innovative and high quality electronic equipment. (Samsung.com, 2015) SAMSUNG COMPANY RESEACH PAPER Samsung was created as a small export business in Taegu, Korea. In 1938 a Korean entrepreneur, Byung-Chull Lee, started a small company called Samsung hiring 40 employees with 2000$ nest egg. A brand name ‘Samsung’ means ‘three stars’ in Korean language. (Referenceforbusiness.com, 2015) At the beginning, Byung-Chull Lee basically focused on trade export such as selling dried fish, vegetables and fruit to Manchuria and Beijing. However, in 1969 Samsung occurred as a company of consumer electronics industry. During 31 years Lee made a lot of efforts to make a success in different areas, so that he ended up creating Samsung Electronics. Much to everybody’s delight, a small export business has dramatically grown to become one of the worldwide leaders in consumer electronics industry (Samsung.com, 2015). Today Samsung Electronics Company is one of the largest manufacturers

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