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Samsung's incredible success story: from grocery store to tech titans

Lovemoney Logo By lovemoney staff of Lovemoney | Slide 2 of 32: Samsung was founded in 1938 by Lee Byung-Chull, a local businessman who opened a grocery trading store in Daegu, South Korea. The store traded noodles, dried fish, fruit and vegetables and other local produce in and around the city and exported the goods to China.

A modest start

Samsung was founded in 1938 by Lee Byung-Chull, a local businessman who opened a grocery trading store in Daegu, South Korea. The store traded noodles, dried fish, fruit and vegetables and other local produce in and around the city and exported the goods to China.
© Dimas Ardian/Getty Images

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