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Samsung was founded by Lee Byung-chul in 1938 as a trading company Samsung has a powerful influence on South Korea's economic development, politics, media and culture, and has been a major driving force behind the "Miracle on the Han River In 1993 Samsung developed the 'lightest' mobile phone of its era. The SCH-800 and it was available on CDMA networks. Then they developed smart phones and a phone combined mp3 player towards the end of the 20th century. To this date Samsung are dedicated to the 3G industry.
Company
Growth Percentage
Market share
39 17.2 6.9
Blackberr y
LG Gfive Karbon Spice Max
1210
1600 755 800 1040 514
1950
1834 1326 1004 920 745
61.2
14.6 75 25 -11.5 44.9
5.9
5.5 6. 4 5.3 2.8 2.2
1997 Turnaround: Cut a third of workforce, cut debt Sold and spun off divisions Set firewalls to other Samsung Divisions New business proposition: profits Streamlined inventories Diversification
New Economy: Exodus of engineers and managers to startups Top 4 conglomerates: $1.2B in startups (Samsung: $520M)
Startups benefit from links to global networks and financial expertise You simply cant survive without adapting to the fast-changing Internet era, and one solution is linking up with startups