Samsung has been in existence as a company since 1938 and originated in South Korea. In the 1960s, Samsung started to evolve as an electronics maker and its first product was a black and white television set. One-fifth of South Korea’s exports are from Samsung. In the 1980s, Samsung started making telephone switchboards and this path eventually led to making the first cell phones. In 1992, Samsung became the biggest producer of microchips. News headlines about Samsung typically include new product releases such as smartphones, computers, and home electronics. Samsung has a long list of subsidiaries that include hotels, heavy industrial, marine insurance, and fine chemicals.