Nationality Korean Name Lee Byung-chul Hanja 李秉喆 | Hangul 이병철 Religion Won Buddhism Role Business person | |
 Born February 12, 1910 ( 1910-02-12 ) Uiryeong, Gyeongsangnam-do, Korean Empire Alma mater Waseda University in Tokyo Occupation Founder of Samsung Group Died November 19, 1987, Seoul, South Korea Organizations founded Samsung Group, Samsung Electronics, CJ Group, Samsung C&T Corporation, Cheil Industries Children Lee Kun-hee, Lee Maeng-hee, Lee Myung-Hee Grandchildren Lee Jae-yong, Lee Jae-hyun, Lee Boo-Jin Siblings Lee Byung-gak, Lee Byung-yoon Similar Lee Jae yong (businessman), Lee Kun hee, Lee Soo bin | ||
History of SAMSUNG | 1938-2017 | 4K
Lee Byung-chul (February 12, 1910 – November 19, 1987) was the founder of the Samsung Group and one of South Korea's most successful businessmen. With the breakup of the Hyundai chaebol, Samsung is now South Korea's largest business group.
Contents
- History of SAMSUNG 1938 2017 4K
- Samsung Success Story in Hindi History Facts Lee Byung Chul K9 Thunder Smartphones
- Early life
- Beginning
- Federation of Korean Industries
- Korean art collection
- Family
- References
Samsung Success Story in Hindi | History | Facts | Lee Byung Chul | K9 Thunder | Smartphones
Early life
Byung-chul was the son of a wealthy landowning family (a branch of the Gyeongju Lee clan). He attended college at Waseda University in Tokyo but did not complete his degree.
Beginning
Byung-chul established a trucking business in Daegu on 1 March 1938, which he named Samsung Trading Co, the forerunner to Samsung. Samsung means "Three Stars" which explains the initial corporate logos.
By 1945 Samsung was transporting goods throughout Korea and to other countries. The company was based in Seoul by 1947. It was one of the ten largest "trading companies" when the Korean War started in 1950. With the conquest of Seoul by the North Korean army, Lee was forced to relocate his business to Pusan. The massive influx of U.S. troops and equipment into Busan over the next year and a half of the war proved to be highly beneficial to Lee's trucking company.
In 1961 when General Park seized power, Lee was in Japan and for some time he did not return to South Korea. Eventually, a deal was struck and Lee returned but Samsung had to give up control over the banks it acquired and follow economic directives from Park's government.
Federation of Korean Industries
Later in life, Byung-chul served as chairman of the Federation of Korean Industries and was known as the richest man in Korea.
Korean art collection
After his death, Byung-chul's estate (Ho-Am) was opened to the public for tours. His collection of Korean art is considered one of the largest private collections in the country and it features a number of art objects that have been designated "National Treasures" by the Korean government. Ho-Am is located a short distance from the Everland park, South Korea's most popular amusement park (Everland is also owned by the Samsung Group).
Family
The family of Lee Byung-chul