Samsung was founded as a trading store in 1938 by Lee Byung-Chull. After focusing on industrialization and expanding its business to textile manufacturing, the company entered the electronics industry in 1969 with black-and-white TV sets. Samsung further expanded in the ’80s establishing several electronics branches and venturing in
semiconductor manufacturing. In the 2000s, the company launched the Galaxy smartphone series, one of the company’s most-praised products viewed by many as a direct competitor of Apple’s iPhone. Samsung is one of the world’s largest mobile phone makers, alongside companies like Apple, Huawei, Xiaomi, Motorola, and LG.