Tech Titans: Samsung

Tech Titans: Samsung — page 9
C-LAB A GRADE Samsung Electronics started C-Lab in 2012 It is a place where Samsung employees can work on projects of their own choosing This work is done outside their regular work hours This shows their commitment and their passion about their ideas The results of the innovative projects may or may not make it to the consumer marketplace The medical devices Relumino and GoBreath both presented at CES 2018 were the result of C-Lab projects SAMSUNG’S TRANSFORMATION Although Samsung makes lots of money from smartphones televisions appliances and computer chips it did not start out as an electronics firm The Korean company came into being long before the country was divided into North and South Korea in 1945 Lee Byung-chul started the company in 1938 Korea was under occupation by Japan at that time Originally the company milled rice and transported goods As time went on the company expanded into many other fields Sugar refining textile manufacturing and goods trading in the early 1950s provided the foundation of the Samsung Corporation By the mid-1960s Samsung was involved in fertilizers a private university insurance and food processing among other activities It was not until 1969 that the company established Samsung Electronics as a subsidiary In the 1970s Samsung Electronics’s first products were TVs The company later 12