Founded in 1938, Samsung Electronics was a global player with a significant contribution to the economy of Korea. The company now contributes over $16 billion to the country’s exports and tax revenues. It is also a global leader in the electronics industry, generating more than 84 percent of its sales outside of Korea. In 2008, Samsung announced it would merge with LG Group to form a new company, and later, merged with Matsushita Electric Industrial Co. Ltd.
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The company has expanded its product line to include mobile devices and consumer electronics. As of 2010, the company spent $5.7 billion on components from Samsung. Apple has been suing the company, citing alleged bribery and corruption. The smartphone giant has been criticized for making products with parts that violate patents and are inferior to competing brands. TechRadar reported that HTC dropped Samsung components in favor of Apple. It is unclear whether the move will affect the Galaxy Note line.
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In 1998, the company began selling personal computers, beginning with the SPC-1000. However, the product was only sold in Korea. In the late 1970s, Samsung entered the telecom hardware market with its Gumi-based Hanguk Jeonja Tongsin facility. This facility later developed into fax and telephone systems. In 2001, Samsung entered the mobile phone market with a partnership with Shanghai Great Wall Mobile Communications Co.
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