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October 10, 2013

Infographic: The Rise of Samsung; From Food Exports to Smartwatches

Inforgraphic: The Rise of Samsung; From Food Exports to Smartwatches: "[Infographic] The Rise of Samsung; From Food Exports to Smartwatches"

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Infographic: The Rise of Samsung; From Food Exports to Smartwatches: "[Infographic] The Rise of Samsung; From Food Exports to Smartwatches"

From a start up to a giant killer : Samsung's Rise to a Giant Killer has today become " a Must to do "case study at the premier business s schools:

 For two decades now, Samsung has been " using "  Western business practices onto its essentially Japanese system, combining its traditional low-cost manufacturing prowess with an ability to bring high-quality, high-margin branded products swiftly to market
Twenty years ago, Samsung was just a me too start up  with interests in Food processing , textiles and insurance .

Today Samsung has a powerful influence on South Korea's economic development. Its affiliate companies produce around a fifth of South Korea's total exports. Samsung's revenue was equal to 17% of the South Korea's $1,082 billion GDP
In 2013, Samsung began construction on building the world's largest mobile phone factory in the Thai Nguyen province of Vietnam

Today  few people would have predicted that Samsung could transform itself from a low-cost original equipment manufacturer to a world leader in R&D, marketing, and design, with a brand more valuable than Pepsi, Nike, or American Express.

Samsung was founded by Lee Byung-chul in 1938 as a trading company, and its only in 1960 . Samsung entered the electronics industry. Following Lee's death in 1987, Samsung was separated into four business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group. Since the 1990s Samsung has increasingly globalized its activities, and electronics, particularly mobile phones and semiconductors, have become its most important source of income.