At present, Samsung is mostly known as a cellphone manufacturer, television, equipment and other electronics. You can find their brand name displayed in all ways of consumer electronics from their popular Galaxy phones to tablet computers and more. In 1938, when Lee Byung-chull started the company in Taegu, Korea, they were in a completely different business.
As explained by Britannica, Lee gets trade noodles starting and other products around the city and exporting them to China. Then, he opened a wool factory and moved the company into textiles. Over the coming decades, Samsung acquires banks, insurance companies, and other companies that can swoop, expand the services offered.
Not until the end of the 60s that Samsung first entered electronics and, while continuing to have a variety of operating portfolios, the company emerged as one of the leading developers and electronic producers in the world, (per company market stamp). However, the brand was built based on the inheritance of innovation and experiments. Diversification allows companies to create impressive product collections and sometimes unexpected ones that you might not expect from a more general image.
Samsung motors
In 2000, two years after their first car was launched, most companies were sold to Renault, a French car maker, for around $ 78 billion A., with Samsung maintaining around 18% of the company, (per Korean Herald).
The relationship remained for more than two decades, because Renault Samsung grew to be one of the top three car manufacturers in Korea, (per Renault Group). After 22 years as a partner, this relationship will expire in August 2022, with the company fully expanded to Renault, (per only automatic). On March 20, 2022, Renault Samsung Motors has changed its name to Renault Korea Motors. If you want to get a Samsung branded car, you have to do it on the secondary market.