The History of Samsung

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Lee-Byung Chull was born the youngest son of four siblings to Kwon Jae-Lim and Lee Chan-Woo. Byung Chull was the son of a prosperous Yangban family that owned land, albeit as a minor branch of the Lee clan. That land was located in Uiryeong county, province of South Gyeongsang. The Yangban in Korean society was comparable to the landed nobility in the Middle East, Europe, China, and Japan, and was usually the privileged ruling class. He was born during a time of great struggle in the then Korean Empire in 1910, as it was the time during which the empire of Japan was annexing the country as a colony. Nevertheless, most of the Korean yangban became the subservient Korean nobility through which the Japanese exerted their control, and Lee-Byung Chull's family was one of them. Keeping the privilege he completed his high school education at Seoul's Joongdong High School before moving to Tokyo to pursue his post-secondary education at Waseda University, though he did not finish. His time after returning from Japan is not known about, but it can be surmised that he spent the time looking after his family's properties and estates. It was also during this time that the Japanese authorities began to introduce forced cultural assimilation and Japanization, so dealing with such a predicament may also have taken up his time.
After this time, he eventually started his own business, a grocery trading company that he named Samsung Trading Company. The name Samsung means three stars. The name was a reference to the Korean cultural understanding of a constellation about which Korean folklore tells the tale of a well-meaning dragon fighting against an evil one. With the Samsung trading company, Lee-Byung Chull traded noodles and other consumer products made in and around the city of Daegu, then exported to China and its provinces. The company profited off the increased demand for essential goods such as food and care products as World War II began, with the Korean and Japanese home markets cutting their spending on luxury items. As a result of the company's success, Lee relocated its headquarters to Seoul in 1947. He was forced to flee Seoul when the Korean War started because the Korean People's army had taken over most of South Korea. He went to Busan, where he focused on Cheil Jedang, the sugar refinery he founded in the city, which was followed in 1954 by Cheil Mojik, which he founded and constructed in Chimsan-Dong, Daegu. These businesses were established under the Samsung brand, effectively diversifying it into different kinds of products. On a side note, Cheil Jedang exists today as Korea's leading food culture company engaged in advanced food research works. It was also during this time that Lee had a partner named Cho Hong Jai who was responsible for breaking Samsung into other kinds of goods. But they had a dispute over differences in management style. This led them to split apart and therefore Samsung Group was divided into The Hyosung Group, The Samsung Group, Hankook Tire and other companies.