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The Samsung Group of companies is own by a man that strongly believes in Industrialization. He had an unusual passion for invention. According to findings, Mr. Lee Byung Chull desired to be the leading manufacturer in the world.
Samsung Electronics overtook Sony as one of the world's most popular consumer electronics brands in 2004 and 2005, and is now ranked #19 in the world overall. Behind Nokia, Samsung is the world's second largest by volume producer of cell phones with a leading market share in the North America and Western Europe. Samsung became the largest producer of memory chips in the world in 1992, and is the world's second-largest chipmaker after Intel. In 1995, it built its first liquid-crystal display screen. Ten years later, Samsung grew to be the world's largest manufacturer of liquid-crystal display panels. Dream pays! Dare to have a dream to live with. It will be the pivot around which your life will revolve. Dream is the balance point of every mans destiny. It controls your emotion, finance, and time. In the late 1980s and early 1990s, Samsung Electronics invested heavily in research and development, investments that were pivotal in pushing the company to the forefront of the global electronics industry. In 1982, it built a television assembly plant in Portugal; in 1984, a plant in New York; in 1985, a plant in Tokyo; in 1987, a facility in England; and another facility in Austin in 1996. Lee placed great importance on industrialization, and focused his economic development strategy on a handful of large domestic conglomerates. The company has a powerful influence on the country's economic development, politics, media and culture, being a major driving force behind the Miracle on the Han River. Many businesses today use Samsung's international success as a role model. This company has its revenue as large as some countries' total GDP. In 2006, Samsung Group would have been the 35th largest economy in the world if ranked, larger than that of Argentina. Samsung Group accounts for about a fifth of South Korea's total exports. They have produced over 800 million mobile phones to date. The company grouped them together under Samsung Electronics Co., Ltd. in the 1980s.
View of the Samsung logo inside the Time Warner Center in New York City.
In total, Samsung has invested about 3.88billion in the Austin location by far the largest foreign investment in Texas and one of the largest single foreign investments in the United States. Samsung started to rise as an international corporation in the 1990s. Today its operations concentrate on three industries: electronics, engineering, and chemicals. Compared to other major Korean companies, Samsung survived the 1997 Asian financial crisis relatively unharmed. You cant have a passionate dream and sink with others who dont.