Samsung, one of the most recognizable names in the global market today, derives its name from the Korean words "sam" meaning 'three' and "sung" meaning 'stars.' Founded by Lee Byung-chul in 1938 as a trading company, the name was chosen to embody the qualities of being powerful and everlasting, much like stars in the night sky. This symbolism resonates with the founder's vision for his company – a corporate entity that would endure through generations, its success as constant and visible as celestial bodies.
The number three itself holds significance in East Asian culture, often associated with balance, harmony, and strength. In the context of Samsung, it initially represented Lee Byung-chul's aim for his enterprise to be robust, superior, and perennial. From its nascent stages as a trading business, Samsung diversified into various industries including food processing, textiles, insurance, and retail throughout the mid-20th century.
It wasn't until the late 1960s that Samsung entered the electronics industry, a sector that would come to define its brand globally. Today, Samsung Electronics, the crown jewel of the Samsung conglomerate, is world-renowned for its innovative and technologically advanced products such as smartphones, televisions, and semiconductors. This expansion and evolution reflect the visionary goal embedded in its name – to excel and last across different industries and epochs.
By consistently adhering to the symbolic meaning of its name, Samsung has not only embedded itself in the technological fabric of everyday life but also stood by its founder’s ambition of creating a durable and prominent company. This adherence to founding principles is one reason Samsung continues to be a leader in global markets, living up to the 'three stars' of greatness, distinction, and longevity its name suggests.
