Samsung was founded by Lee Byung-Hee in 1938 as a trading company. Over the next three decades, the field developed into a diversified group, including food processing, textiles, insurance, securities and retail. Samsung introduced electronic equipment in the late 1960s and the construction, shipbuilding and other industries in the mid-1970s; these areas will promote its further development. After Lee's death in 1987, Samsung was divided into four business groups: Samsung Group, New World Group, CJ Group and Hansol Group. Since the 1990s, Samsung's business has become increasingly globalized, and electronic products, especially mobile phones and semiconductors, have become the most important source of revenue. Samsung's economic development, politics, media and culture in Korea have a strong influence and have been the driving force behind Samsung's economic, political, media and cultural development. "Miracle of the Han River", a major driving force. 17% of its subsidiaries about a fifth of South Korea's total exports generated Samsung's revenue in South Korea is equivalent to $1.082 billion in GDPHistorySince Daegu, South Korea is a small business of export, Samsung has become one of the world's leading electronics companies, manufacturing digital devices and media, semiconductors, systems and memories. Today, Samsung's innovative and high-quality products and processes are recognized around the world. This timeline captures major milestones in Samsung's golden history, showing how the company innovated its product line and achieved revenue and market share growth, and continues its mission to make life better for people. consumers around the world. 1938-1969 The beginnings of Samsung On March 1, 1938, founding chairman Byung-Chull Lee started a business in Taegu, Korea, with 30,000 won. Initially, its ...... middle of paper ......) from January 1, 2010 (transition date-January 1, 2009). Unless otherwise indicated in the footnote, all year-end statements have been prepared in accordance with the historical cost model. The principles used in the preparation of these financial statements are based on IFRS standards and Korean interpretations in force as of December 31, 2010 or on standards that will be applicable after December 31, 2010 but which the Company has decided to adopt in advance. The principal adjustments made by the Company in restating its previously issued financial statements in accordance with accounting principles generally accepted in the Republic of Korea ("Korean GAAP") are described in Note 3. The reporting standards were applied accordingly. consistent with the 2009 comparative financial information. These Main accounting policies The financial statements are presented below.