Samsung Company History

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Samsung -The company history: On March 1, 1938, founding chairman Byung-Chull Lee started a business in Taegu, Korea, with 30,000 won.At the start, his business focused primarily on trade export, selling dried Korean fish, vegetables, and fruit to Manchuria and Beijing, so it started out as a small trading company with forty employees located in Su-dong. In little more than a decade, Samsung-which means "three stars" in Korean-would have its own flour mills and confectionery machines, its own manufacturing and sales operations, and ultimately evolve to become the modern global corporation that still bears the same name today. In 2000, Samsung opened a computer programming laboratory in Warsaw, Poland.Its work began with set-top-box technology…show more content…
After 35 reported incidents of overheating smartphones worldwide, Samsung made the unprecedented decision to recall every single one of the Galaxy Note 7 smartphones that has been sold. That's said to be 1 million of the 2.5 million that were manufactured. Since the recall was first announced, the number of explosive Note 7s has nearly quadrupled.The company stopped all sales and shipments of the Note 7, worked with government agencies and cellular carriers around the world to provide refunds and exchanges for the…show more content…
As of October 13, Samsung is officially recalling every single Note 7, including replacement units. The Galaxy Note 7 certainly isn't the first phone to catch on fire, or even the first giant recall.In 2009, Nokia recalled 46 million phone batteries that were at risk of short-circuiting.No brand or model is necessarily safe: for instance, unlucky iPhone owners allegedly suffered nasty burns from exploding devices in 2015 and 2016. And though the Galaxy Note 7 is making headlines right now, other Samsung phones have also burst into flames, like the Galaxy Core that allegedly burned a 6-year-old child. What makes the Note 7 different: Samsung may have accidentally squeezed its batteries harder than it should, the thin plastic layer that separates the positive and negative sides of the battery got punctured, became the shortest route for electricity to zap across the battery (that's why they call it a "short-circuit"), and became a huge fire

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