In 1988, Samsung Electronics launched its first mobile phone in the South Korean market. [27] Sales were initially poor, and by the early 1990s, Motorola held a market share of over 60 percent in the country's mobile phone market compared to just 10 percent for Samsung. [27] Samsung's mobile phone division also struggled with poor quality and inferior [clarification needed] products until the mid-1990s, and exit from the sector was a frequent topic of discussion within the company. [28] SAMSUNG The Samsung Group is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul. It is comprised of around 80 affiliated businesses, most of them with name Samsung attached to them. Samsung is the largest South Korean chaebol (business conglomerate). As of 2020, Samsung was the world’s 8th highest brand in terms of value. The word Samsung means “three stars.” The name was chosen by Samsung founder Lee Byung-Chul whose vision was for his company to become ... Samsung, a name synonymous with cutting-edge technology and innovation, is a multinational conglomerate headquartered in South Korea. Founded by Lee Byung-chul in 1938, Samsung initially started as a small trading company. Despite having manufacturing facilities in China and a significant market presence there, Samsung is a South Korean company, founded and headquartered in South Korea. In conclusion, Samsung is a South Korean multinational conglomerate known for its innovative products and global reach.
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