Manufacturing Magazine October 2022 | Page 101

TOP 10

Samsung

Founded in 1938

02

Samsung was founded in 1938 , Daegu , South Korea . It started as a grocery shop , but after the Korean War , expanded into industrial products to revive the ravaged economy , with Samsung Electronics later established in 1969 . Now , Samsung is responsible for 20 % of all exports from South Korea , from watches to household appliances to phones . The tallest building , Dubai ’ s Burj Khalifa , also owes its success to Samsung ' s construction division , which helped funding to reach 828mn .
Samsung Electronics hatched its own brand of smartphone in the 2000s , and the Samsung Galaxy series quickly became one of the best-selling smartphones in the world . In 2019 , Samsung introduced the foldable smartphone , the Galaxy Fold .
The company now employs 267,000 people from 80 different countries , with manufacturing facilities in South Korea , as well as Vietnam , China , India , Brazil , Indonesia . In 2021 , the company had a revenue of approximately US $ 244bn . manufacturingdigital . com 101