Samsung was founded as a grocery trading store on March 1, 1938, by Lee Byung-Chull. He started his business in Taegu, Korea, trading noodles and other goods produced in and around the city and exporting them to China and its provinces.
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The company is recognized as one of the world's largest producers of electronics and information technology. Its products include smartphones, televisions, home appliances, and semiconductors. Samsung's headquarters is located in Seoul.