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Samsung Electronics is a South Korean multinational corporation and the world’s largest and leading electronics and information technology company. In August 2005, BusinessWeek rated Samsung as the Number 1 consumer electronics brand in the world with revenue topping 89.5$ billion. Headquartered in Suwon, South Korea, it is part of the Korean Samsung Group, operating in approximately over 100 countries. The name samsung literally means “three stars” or “tristar” in Korean. The Samsung Group was founded in 1938 by Lee Byung-chul (1910-1987). It was incorporated in 1951 as Samsung Corporation. Samsung Electronics was founded in 1969 in Daegu, South Korea as Samsung Electric Industries originally manufacturing electronic appliances such as TVs, calculators, refrigerators, air conditioners and washers. By 1981, the company had manufactured over 10 million black and white TVs. In 1988, it merged with Samsung Semiconductor & Communications.
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