How Samsung Went From Selling Dried Fish... To Selling Everything
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- Опубліковано 30 вер 2024
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#history #business #samsung
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Written By: Sam
Video Created By:
Svibe Multimedia Studio
Editor: Cardan
Media Gatherer: Andrea Rivas
Footage Courtesy of: Getty Images
Music Provided By: Epidemic Sound
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Samsung is the largest company in South Korea, making up more than twenty percent of the major economy’s total GDP. [1]
It pulled this off by making…everything!
We’re talking smartphones and washing machines to military equipment and the world’s largest ships.
The company employs so many people, and is responsible for so much of South Korea’s way of life, that some consider the secretive family at the top to be like a reincarnated royal dynasty.
Apparently, getting arrested isn’t scandalous enough to ruin their image!
What’s even more shocking than sheer breadth and power of this formidable conglomerate is its humble beginnings.
Less than 70 years ago, Samsung was a tiny family-run fish trader. Now, it’s bigger than most countries.
Samsung’s founder was Lee Byung-chul.
He was born on 12th February 1920 to a wealthy land-owning family but the silver spoon in his mouth wasn’t going to make life any easier for him. [2]
Korea was on the verge of seismic change. Instability was about to rock its foundations. Lee’s family’s status among the ruling class was about to become a target on his back.
That’s because just a few months after his birth, Japan officially annexed Korea as part of its colonialist agenda.
But by 1938, he’d put that talent for adaptability into action when he dropped out of college and moved to a neighbouring province.
Here he set up his own company called, well, you know the name. You’re watching this video aren’t you?
‘Samsung’ roughly translates to “three stars”. Each star represents the tenets of the company: ‘greatness’, ‘prosperity’, and ‘longevity’.
At the time you could fault him for being arrogant. I mean, ‘greatness’ is a good aspiration for any local grocery trader. But are ‘dried fish’ really ‘prosperous?’
Well, Lee was doing something right.
He had 40 employees under his belt, all working together to deal in noodles and locally-grown groceries.
Initial customers were based in Korea, but soon he was exporting to China.
By the time the 35-year Japanese rule of Korea ended in 1945, there were new business opportunities to be found. [6]
While Japan was being rebuilt with the help of Allied Forces, Korea had its own identity crisis.
In just a few years Lee would be able to redefine the identity and nature of his own company.
In 1947, the ‘Samsung’ company was doing so well that Lee could uproot his HQ to Seoul where all the big fish were. As in, other companies. Not fish for selling.
In less than a decade, he was living up to the first two stars of his company’s name: greatness and prosperity.
But the third star of longevity would require a new way of thinking.
It’s time to learn How History Works as we dissect ‘How Samsung Went From Selling Fish to Controlling a Country’.
- Sources -
SOURCES
en.yna.co.kr/v...
/ from-a-small-trading-c...
www.britannica...
www.history.co...
news.bbc.co.uk/...
history.state....
www.unc.mil/Hi...
www.kdeveloped...
/ history-of-samsung
www.korea.net/...
lobbymap.org/i...
www.britannica...
www.businessin...
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When you become more powerful than your country’s _whole judiciary system,_ that’s when you know you _won._ If the law can’t touch you, nothing can.
East India company laughing in corner
Ann Rand's John Gault, if the government wasn't so crooked.
Not how it works in Korea. In a few years the gov will end up running Samsung. It's not america.
@@thomasburt4422 Ayn Rand
Sounds a bit like Mexican cartels
From how money works to how history works this dude works way to hard
I have very good people helping me :)
He'd need about 27 more channels to match Simon Whistler!
@@HowMoneyWorksis there going to be a HowHowThingWorksWorks channel to educate us on how your channels? work?
Next channel; How This Dude Works 😅
Wasn't the second ceo the one who might have been secretly dead for years but the family didn't declare it for inheritance tax reasons?
Well, is someone going to answer this lad for everyone?
Yes. Thats the zombie ceo
Do u mean the 3rd son? Well i can understand why they wouldnt have reported it or that might have been his own idea ( speculation)
@@Phosfit Yes. He was brain dead for a while and kept "alive" via tubes and whatnot in a vegetative state until the family could no longer ignore the issue
Watching this on a Samsung phone
Same
Lol. Me too. Samsung is my favorite phone brand.
I heard from Janitor from corpo building when it was previosly rented by Samsung that people when downsized really were depressed about returning from Poland to South Korea - as they had normal house here, and in their homeland they were forced to their style of living with one room fit all - plus less discriminating culture
how is Samsung so readily successful you ask? collaboration with whatever military ruler is in place.
Yep Samsung has its weapons development branch too🎉
Exploding smartphones?
@@mirzaahmed6589 no, weapons systems for South Korea military...
It has about 80 affiliated branches in total. They really have a lot of fingers in a lot of pies.
They’re preparing to expand into *North Korea.* Heard they’ve been having secret meetings with *Kim Jong-Un.*
@@HowHistoryWorks yes 😂
2:04 I love how when you say 1897 we see 1987 on screen.😂
Wealth always creates dynasties, regardless how it is accumulated. Influence can be bought regardless of the underlying system.
So, Samsung is just another one in the long line of such families.
However, 20% of the Korean GDP is a lot. I remember when I came to Japan for the first time that I was really amazed to find not only excavators and TVs with the iconic brand, but petrol stations and supermarkets too! And heavy machinery, it looks like that was something any of the Vhaebol got into. Hyundai Heavy Industries also runs a VERY successful shipyard operation. I guess if you keep wages low with whatever means, you can be competitive. But they must be doing sth right, otherwise these companies would not be successful.
They have ties to organized crime namely the Japanese and Korean Yakuza as well as the CIA.
How and why do you think they were allowed to steal chip IP as well as Apples IP technologies without ending up like Toshiba or Sharp? Easy, the CIA under George Bush has an interest in seeing more plants being built by Samsung Chips in Texas.
Old Italian saying, fool me once shame on you! Fool me twice Shame on me!
Republic of Korea? Nope Its the Republic of Samsung.
No matter what the Samsung chaebols do they won't be penalized greatly just because w/o them SoKor turns to shit
13:48 selling the most needed thing to the most influential group through and through, food to the peasants then to the government, then to the corporations
on 2:04 you say 1897 and the number says 1987
Ahh yes you see the reason I did that is because… I screwed up
@@HowHistoryWorks everyone makes mistakes its a great video either way
@@HowHistoryWorks or perhaps this was part of your secret genius plot to simultaneously see if your viewers were paying attention, and increase engagement in the comments?
@@santerikajala8354NO! THIS IS NOT FORGIVABLE! 💀
This is really similar to Asianometry's "How the rich ate South Korea"
That one is definitely better
Same story different perspective.
Microsoft, Google, Apple, Facebook, Standard Oil and AT&T should have used Samsung example to explain to U.S. Government we are not a Monopoly.
Incredible story
Is it 1897 or 1987? I got so confused when you said it didnt end unt 1897 but then it flashed 1987
Worst script for narration and keep repeating useless things things.
So you bought a new car and paid for the upgrade System for the stereo. Well guess what you just got Samsung system. Yes every speaker is a Samsung. Every MBZ and other high end cars. Surprise.
Is sam still singing?
He’s done it before, he can do it again.
Sam will.sing as long as the company exists.
When I heard dried fish got like wtf and thought it was a story of raise from bottom and saw the video.
Still silver spoon startup and government corruption was involved 😂
Samsung is the real life Arasaka.
All that is left is a corporate military.......
Oh wait they may already have😂
@@Cole-ui8bi 🤣
What about LG??
LG is the modern company name for the old Korean electronic company that many may know from long ago: Gold Star.
Luck GoodNow was where it started and realised how dumb that sounded in English so changed to LG. And the were Gold Star of the 90s.
Wikipedia + several random google serach could create 20 minutes with many errors. You will became next Jake Tran, my dude.
7:49. That's socialism
2:02 "1897" bruh
great man 👨 history
17:51 It was Jay Lee, not Lee Sr. Who committed the Bribery Scandal.
The tour guide told me his sister married into Hyundai and that’s how he got his start😂
@2:03 what year? 1897 or 1987??
Now we just need How the Future Works
I really don’t give a flying fruit loop about Samsung. Fuck all of these greedy corporations.
Broski thank you for the great content that you make, I know for a fact that you are helping to build a much more financial savy generation. Thank you for existing man, I love hearing your voice.
At the 2:04 mark you said "1897" but the video graphic reads "1987"
They’re part of the military industrial complex of So. Korea.
Nice
Great video as always! I actually watched a portion of the video, I have listened to every video since you started and I I bet most of your viewers are like me, you likely could spend way less on putting minimal effort into the visual portion of your content.
Small error at 2:04 (on the screen is 1987 instead of 1897)
Webtoon lore
We really have to commend this editing skill
Are you going to comment on the Homelander trial?
Clearly acting in self defence.
@@HowHistoryWorks I heard the guy homelander 'killed' was actually a pedo. The police found terrabytes of cp on his computer
My boi is innocent.
They sold dried fish?
Yeah it was my idea actually
It was actually,,,,,,rice, flour, and sugar. The original conglomerate was Cheil Je dang or CJ Group.
The Cheil Group founder was Lee Byung Chull.
Samsung was a spin-off from the Confectionery division run by Lee Myung Hee and his wife Lady Son, the true CEO of the organization and scion and mother of the present CEO and Chairs of CJ Group.
Samsung has ties to organized crime syndicates from both the Japanese and Korean side and had backup by the CIA.
To me, the most amazing thing about Samsung is how they keep making and selling garbage appliances.
Do one for TATA Group in india 🇮🇳, it will also help you with indian viewership
Samsung is no more producing military equipment. It sold its military department to Hanhwa Group at 2015, and its name is Hanhwa aerospace at this moment.
Just not gonna talk about what Lee and his people were doing leading up to the outbreak of war and the political actions they took, huh?
What they do slime?