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founding chairman Byung-chull lee started a business in korea with 30,000 won
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Samsung expands into many other areas including department stores, the Joongang Ilbo daily newspaper, a shipbuilder, a securities company and a chemical firm.
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Samsung Electronics is established. It produces its first black-and-white TVs in 1972 and expands to refrigerators, washing machines and colour TVs during the 1970s.
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Samsung acquires a Korean semiconductor manufacturing firm, which later grows to become the world's top memory chip making business.
1983: Samsung Electronics starts manufacturing computers, enters 64k -
Samsung Electronics starts manufacturing computers, enters 64k DRAM business.
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Lee Byung-chull dies. His third son Lee Kun-hee takes over as group chairman. He changes the focus of the group from a mass-producer of lower-end goods to one that would use innovation and superior products to build a respected brand name.
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Samsung becomes the largest producer of memory chips in the world.
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Lee Kun-hee starts Samsung Motor, builds LCD plant and first liquid crystal display screen.
