Global Entrepreneurs (Samsung)

Lee Byung-Chul

Lee was the only son of a wealthy family and was

born on February 12th, 1910 in Uiryeong County,
South Korea. His family had been landowners and
had left him a sizable inheritance. Chull studied at
Tokyo's Waseda University but did not complete his
degree. He initially started a rice mill with the money
he had inherited. Despite his best efforts, his initial
business did not succeed and sank without making
any big earnings.
Global Entrepreneurs (Samsung) 13:36 pm, 04/06/2022

On March 1st, 1938, Chul opened an export

company in Daegu under the name Samsung
Trading Co. after his initial venture was a
disaster. The business shipped a wide range of
products and food to China, including fish,
vegetables, and fruits. By 1945, the business saw
a significant development spurt as it began
supplying items not only to other nations but
also to all of Korea. In 1947, the business was
moved to Seoul. One of the top 10 trading
corporations at the time was thought to be
Samsung Trading Co. Chul, however, had to deal
with another challenge. The conflict this time.
Around 1950, Chul was forced to move his
business to a more secure area of Busan when
the war began.
 Global Entrepreneurs (Samsung)

For Chul, though, this changing was a blessing. His trucking firm experienced
growth over the following 18 months due to the significant influx of US army
personnel and military hardware. Chul also started a sugar refinery, which
quickly achieved success. He then established a wool plant in Daegu after
the war that eventually grew to be the biggest wool factory in the nation. As
the company expanded, Chul entered a number of new industries, including
finance, insurance, retail, and security. Samsung purchased Hanguk Jeonja Tongsin, a significant telecom
firm, in 1980. The business established its own electronics division
under the Samsung Electronics Co., Ltd. section in the same year.
The business then began mass-producing telephones, fax
machines, and other electronic gadgets. In 1992, Samsung held the
top spot on the list as the world's leading manufacturer of memory
chips. It quickly rose to second place in the microchip
manufacturing sector, just behind Intel. Samsung's introduction of
the first LCD panel, which completely changed the television
hardware market, brought 1995 with it.
On November 19, 1987, Lee Byung Chul passed away in Seoul, South Korea.
However, the business continued to adhere to his idea of extensive
expansion. The business established plants in New York, Texas, London,
etc. as part of its unprecedented expansion. Major contracts were
awarded to Samsung's construction division, including the Malaysian Burj
Khalifa.
 Local Entrepreneurs (National Book Store)

Socorro Ramos

Socorro Ramos endured a genuine battle after being

born on September 23, 1923 into a family that was
struggling financially. Her family used to manage
their everyday requirements through a small shop
that they ran. Despite this, she persisted in her
schooling and earned a humanities diploma from
Arellano High School in Manila. She received the title
of Doctor of Humanities from Ateneo de Manila
University in 2006.
Local Entrepreneurs (National Book Store) 13:36 pm, 04/06/2022

While she was working with her brother-in-law,

Socorro C. Ramos met the love of her life as well
as her future husband, Jose Ramos. Slowly they
came close to each other and tied knots.
Needless to say that Jose Ramos was the right
hand of Socorro Ramos and the greatest support
throughout the journey of taking the National
Book Store to its present day.

Together with her husband, she founded the

National Book Store in 1940. In the early going,
everything was fairly easy. The saying "Grass is
always greener on the other side" is true, though.
 Local Entrepreneurs (National Book Store)

Here is a little-known fact about this trail of success: During the

early years, the building that housed their store for items was
destroyed by a powerful typhoon. The company suffered a huge
loss. However, this was unable to stop them. They built a two-
storey structure to serve as their permanent store thanks to
their strong resolve and constructive methods. They used to sell pencils, pad paper, notebooks, and other
office supplies back then. They began producing
postcards and greeting cards in the 1950s using artwork
and views from the Philippines. Through these creations,
she defended Filipino culture and tradition in front of the
entire globe. She then built the business into a national
brand that gained the Hallmark Cards franchise by making
consistent efforts.
The iconic Albever building's construction began in 1963. Currently,
National Bookstore has 80 locations across the nation and employs
2500 people. This chain of brick-and-mortar bookstores has since
extended to include music stores, department stores, gift shops, and
convenience stores.