1.
South Korea
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South Korea, officially the Republic of Korea, is a sovereign state in East Asia, constituting the southern part of the Korean Peninsula. The earliest Korean pottery dates to 8000 BC, with three kingdoms flourishing in the 1st century BC and its rich and vibrant culture left 19 UNESCO Intangible Cultural Heritages of Humanity, the third largest in the world, along with 12 World Heritage Sites. Annexed into Imperial Japan in 1910, Korea was divided after its surrender in 1945, peace has since mostly continued with the two agreeing to work peacefully for reunification and the South solidifying peace as a regional power with the worlds 10th largest defence budget. South Koreas tiger economy soared at an average of 10% for over 30 years in a period of rapid transformation called the Miracle on the Han River. A long legacy of openness and focus on innovation made it successful, today, it is the worlds fifth largest exporter with the G20s largest budget surplus and highest credit rating of any country in East Asia. It has free trade agreements with 75% of the economy and is the only G20 nation trading freely with China, the US. Since 1988, its constitution guarantees a liberal democracy with high government transparency, high personal freedoms led to the rise of a globally influential pop culture such as K-pop and K-drama, a phenomenon called the Korean Wave, known for its distinctive fashionable and trendy style. Home of the UN Green Climate Fund and GGGI, South Korea is a leader in low carbon growth, committed to helping developing countries as a major DAC. It is the third least ignorant country in the Index of Ignorance, ranking eighth highest for peaceful tolerance. It is the worlds largest spender on R&D per GDP, leading the OECD in graduates in science, the name Korea derives from the name Goryeo. The name Goryeo itself was first used by the ancient kingdom of Goguryeo in the 5th century as a form of its name. The 10th-century kingdom of Goryeo succeeded Goguryeo, and thus inherited its name, the modern spelling of Korea first appeared in the late 17th century in the travel writings of the Dutch East India Companys Hendrick Hamel. After Goryeo was replaced by Joseon in 1392, Joseon became the name for the entire territory. The new official name has its origin in the ancient country of Gojoseon, in 1897, the Joseon dynasty changed the official name of the country from Joseon to Daehan Jeguk. The name Daehan, which means great Han literally, derives from Samhan, however, the name Joseon was still widely used by Koreans to refer to their country, though it was no longer the official name. Under Japanese rule, the two names Han and Joseon coexisted, there were several groups who fought for independence, the most notable being the Provisional Government of the Republic of Korea. Following the surrender of Japan, in 1945, the Republic of Korea was adopted as the name for the new country. Since the government only controlled the part of the Korean Peninsula
2.
Great egret
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The great egret, also known as the common egret, large egret or great white heron, is a large, widely distributed egret, with four subspecies found in Asia, Africa, the Americas, and southern Europe. Distributed across most of the tropical and warmer regions of the world. It builds tree nests in close to water. Like all egrets, it is a member of the heron family, traditionally classified with the storks in the Ciconiiformes, the Ardeidae are closer relatives of pelicans and belong in the Pelecaniformes instead. The great egret—unlike the typical egrets—does not belong to the genus Egretta, in the past, however, it was sometimes placed in Egretta or separated in a monotypic genus Casmerodius. The Old World population is referred to as the great white egret. This species is confused with the great white heron of the Caribbean. The scientific name comes from Latin ardea heron, and alba, there are four subspecies in various parts of the world, which differ but little. Standing up to 1 m tall, this species can measure 80 to 104 cm in length and have a wingspan of 131 to 170 cm, body mass can range from 700 to 1,500 g, with an average of around 1,000 g. It is thus only slightly smaller than the blue or grey heron. In breeding plumage, delicate ornamental feathers are borne on the back, males and females are identical in appearance, juveniles look like non-breeding adults. Differentiated from the intermediate egret by the gape, which extends well beyond the back of the eye in case of the great egret and it has a slow flight, with its neck retracted. This is characteristic of herons and bitterns, and distinguishes them from storks, cranes, ibises, and spoonbills, the great egret walks with its neck extended and wings held close. The great egret is not normally a vocal bird, it gives a low croak when disturbed. The great egret is generally a successful species with a large and expanding range, occurring worldwide in temperate. It is ubiquitous across the Sun Belt of the United States, in North America, large numbers of great egrets were killed around the end of the 19th century so that their plumes could be used to decorate hats. Numbers have since recovered as a result of conservation measures and its range has expanded as far north as southern Canada. Nevertheless, the species adapts well to human habitation and can be seen near wetlands
3.
United States dollar
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The United States dollar is the official currency of the United States and its insular territories per the United States Constitution. It is divided into 100 smaller cent units, the circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars. The U. S. dollar was originally commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain pure or 416 grain standard silver, the currency most used in international transactions, it is the worlds primary reserve currency. Several countries use it as their currency, and in many others it is the de facto currency. Besides the United States, it is used as the sole currency in two British Overseas Territories in the Caribbean, the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while the country mints its own coins, or also accepts U. S. coins that can be used as payment in U. S. dollars. After Nixon shock of 1971, USD became fiat currency, Article I, Section 8 of the U. S. Constitution provides that the Congress has the power To coin money, laws implementing this power are currently codified at 31 U. S. C. Section 5112 prescribes the forms in which the United States dollars should be issued and these coins are both designated in Section 5112 as legal tender in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar, the pure silver dollar is known as the American Silver Eagle. Section 5112 also provides for the minting and issuance of other coins and these other coins are more fully described in Coins of the United States dollar. The Constitution provides that a regular Statement and Account of the Receipts and that provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported in the Statements are currently being expressed in U. S. dollars, the U. S. dollar may therefore be described as the unit of account of the United States. The word dollar is one of the words in the first paragraph of Section 9 of Article I of the Constitution, there, dollars is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U. S. Congress passed a Coinage Act, Section 20 of the act provided, That the money of account of the United States shall be expressed in dollars, or units. And that all accounts in the offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation. In other words, this act designated the United States dollar as the unit of currency of the United States, unlike the Spanish milled dollar the U. S. dollar is based upon a decimal system of values. Both one-dollar coins and notes are produced today, although the form is significantly more common
4.
Car
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A car is a wheeled, self-powered motor vehicle used for transportation and a product of the automotive industry. The year 1886 is regarded as the year of the modern car. In that year, German inventor Karl Benz built the Benz Patent-Motorwagen, cars did not become widely available until the early 20th century. One of the first cars that was accessible to the masses was the 1908 Model T, an American car manufactured by the Ford Motor Company. Cars were rapidly adopted in the United States of America, where they replaced animal-drawn carriages and carts, cars are equipped with controls used for driving, parking, passenger comfort and safety, and controlling a variety of lights. Over the decades, additional features and controls have been added to vehicles, examples include rear reversing cameras, air conditioning, navigation systems, and in car entertainment. Most cars in use in the 2010s are propelled by a combustion engine. Both fuels cause air pollution and are blamed for contributing to climate change. Vehicles using alternative fuels such as ethanol flexible-fuel vehicles and natural gas vehicles are also gaining popularity in some countries, electric cars, which were invented early in the history of the car, began to become commercially available in 2008. There are costs and benefits to car use, the costs of car usage include the cost of, acquiring the vehicle, interest payments, repairs and auto maintenance, fuel, depreciation, driving time, parking fees, taxes, and insurance. The costs to society of car use include, maintaining roads, land use, road congestion, air pollution, public health, health care, road traffic accidents are the largest cause of injury-related deaths worldwide. The benefits may include transportation, mobility, independence. The ability for humans to move flexibly from place to place has far-reaching implications for the nature of societies and it was estimated in 2010 that the number of cars had risen to over 1 billion vehicles, up from the 500 million of 1986. The numbers are increasing rapidly, especially in China, India, the word car is believed to originate from the Latin word carrus or carrum, or the Middle English word carre. In turn, these originated from the Gaulish word karros, the Gaulish language was a branch of the Brythoic language which also used the word Karr, the Brythonig language evolved into Welsh where Car llusg and car rhyfel still survive. It originally referred to any wheeled vehicle, such as a cart, carriage. Motor car is attested from 1895, and is the formal name for cars in British English. Autocar is a variant that is attested from 1895
5.
Hyundai Motor Company
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The Hyundai Motor Company is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea. In 2008, Hyundai Motor was ranked as the eighth largest automaker, Hyundai sold 4.4 million vehicles worldwide in 2012, and with Kia, total sales were 7.12 million. Hyundai is the fourth largest vehicle manufacturer in the world, Hyundai operates the worlds largest integrated automobile manufacturing facility in Ulsan, South Korea, which has an annual production capacity of 1.6 million units. The company employs about 75,000 people worldwide, Hyundai vehicles are sold in 193 countries through some 5,000 dealerships and showrooms. Genesis Motors is the luxury car branch of Hyundai, Chung Ju-Yung founded the Hyundai Engineering and Construction Company in 1947. Hyundai Motor Company was later established in 1967, the companys first model, the Cortina, was released in cooperation with Ford Motor Company in 1968. When Hyundai wanted to develop their own car, they hired George Turnbull in February 1974 and he in turn hired five other top British car engineers. They were Kenneth Barnett body design, engineers John Simpson and Edward Chapman, in 1975, the Pony, the first Korean car, was released, with styling by Giorgio Giugiaro of ItalDesign and powertrain technology provided by Japans Mitsubishi Motors. Exports began in the year to Ecuador and soon thereafter to the Benelux countries. In 1984, Hyundai exported the Pony to Canada, but not to the United States, Canadian sales greatly exceeded expectations, and it was at one point the top-selling car on the Canadian market. In 1985, the one millionth Hyundai car was built, in 1986, Hyundai began to sell cars in the United States, and the Excel was nominated as Best Product #10 by Fortune magazine, largely because of its affordability. The company began to produce models with its own technology in 1988, in the spring of 1990, aggregate production of Hyundai automobiles reached the four million mark. In 1991, the company succeeded in developing its first proprietary gasoline engine, the four-cylinder Alpha, in 1996, Hyundai Motor India Limited was established with a production plant in Irungattukottai near Chennai, India. In 1998, Hyundai began to overhaul its image in an attempt to itself as a world-class brand. Chung Ju Yung transferred leadership of Hyundai Motor to his son, Chung Mong Koo, Hyundais parent company, Hyundai Motor Group, invested heavily in the quality, design, manufacturing, and long-term research of its vehicles. It added a 10-year or 100, 000-mile warranty to cars sold in the United States, in 2004, Hyundai was ranked second in initial quality in a survey/study by J. D. Power and Associates. Hyundai is now one of the top 100 most valuable brands worldwide, since 2002, Hyundai has also been one of the worldwide official sponsors of the FIFA World Cup. In 2006, the South Korean government initiated an investigation of Chung Mong Koos practices as head of Hyundai, on 28 April 2006, Chung was arrested, and charged for embezzlement of 100 billion South Korean won
6.
Shipyard
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A shipyard is a place where ships are repaired and built. These can be yachts, military vessels, cruise liners or other cargo or passenger ships, dockyards are sometimes more associated with maintenance and basing activities than shipyards, which are sometimes associated more with initial construction. The terms are used interchangeably, in part because the evolution of dockyards and shipyards has often caused them to change or merge roles. The shipbuilding industry tends to be fragmented in Europe than in Asia. In European countries there are a number of small companies. The publicly owned shipyards in the US are Naval facilities providing basing, support, Shipyards are constructed nearby the sea or tidal rivers to allow easy access for their ships. Sir Alfred Yarrow established his yard by the Thames in Londons Docklands in the late 19th century before moving it northwards to the banks of the Clyde at Scotstoun. Other famous UK shipyards include the Harland and Wolff yard in Belfast, Northern Ireland, where Titanic was built, and the naval dockyard at Chatham, England on the Medway in north Kent. The site of a large shipyard will contain many specialised cranes, dry docks, slipways, dust-free warehouses, painting facilities, after a ships useful life is over, it makes its final voyage to a shipbreaking yard, often on a beach in South Asia. Historically shipbreaking was carried on in drydock in developed countries, but high wages, the worlds earliest known dockyards were built in the Harappan port city of Lothal circa 2600 BC in Gujarat, India. Lothal engineers accorded high priority to the creation of a dockyard, the dock was built on the eastern flank of the town, and is regarded by archaeologists as an engineering feat of the highest order. It was located away from the current of the river to avoid silting. The name of the ancient Greek city of Naupactus means shipyard, Naupactus reputation in this field extends to the time of legend, where it is depicted as the place where the Heraclidae built a fleet to invade the Peloponnesus. During its time of operation it was changed, rebuilt and modified. It is currently a maritime museum, ships were the first items to be manufactured in a factory, several hundred years before the Industrial Revolution, in the Venice Arsenal, Venice, Italy. The Arsenal apparently mass-produced nearly one every day using pre-manufactured parts. Chantiers de lAtlantique – established in 1861 Nantes-Indret, France – Establish in 1771 it built ships for the American Revolution including the Deane, jean Street Shipyard 1843–present – The oldest continually operated shipyard in the U. S. Located on the Hillsborough River in Tampa, Florida, Gloucester Marine Railways 1859–present – Oldest working shipyard in New England
7.
Oil refinery
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Oil refineries are typically large, sprawling industrial complexes with extensive piping running throughout, carrying streams of fluids between large chemical processing units. In many ways, oil refineries use much of the technology of, the crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products, an oil refinery is considered an essential part of the downstream side of the petroleum industry. The lighter elements, however, form explosive vapors in the tanks and are therefore hazardous. Petroleum fossil fuels are burned in internal combustion engines to power for ships, automobiles, aircraft engines, lawn mowers, dirt bikes. Different boiling points allow the hydrocarbons to be separated by distillation, Oil can be used in a variety of ways because it contains hydrocarbons of varying molecular masses, forms and lengths such as paraffins, aromatics, naphthenes, alkenes, dienes, and alkynes. Once separated and purified of any contaminants and impurities, the fuel or lubricant can be sold without further processing, smaller molecules such as isobutane and propylene or butylenes can be recombined to meet specific octane requirements by processes such as alkylation, or more commonly, dimerization. The octane grade of gasoline can also be improved by catalytic reforming, the final step in gasoline production is the blending of fuels with different octane ratings, vapor pressures, and other properties to meet product specifications. Another method for reprocessing and upgrading these intermediate products uses a process to separate usable oil from the waste asphaltene material. Oil refineries are large plants, processing about a hundred thousand to several hundred thousand barrels of crude oil a day. Because of the capacity, many of the units operate continuously, as opposed to processing in batches. The high capacity also makes process optimization and advanced process control very desirable, petroleum products are usually grouped into four categories, light distillates, middle distillates, heavy distillates and residuum. This classification is based on the way crude oil is distilled and separated into fractions as in the above drawing and these are not usually transported but instead are blended or processed further on-site. Chemical plants are often adjacent to oil refineries or a number of further chemical processes are integrated into it. For example, light hydrocarbons are steam-cracked in a plant. Using the Claus process, hydrogen sulfide is afterwards transformed to elementary sulfur to be sold to the chemical industry, the rather large heat energy freed by this process is directly used in the other parts of the refinery. Often an electrical plant is combined into the whole refinery process to take up the excess heat. Desalter unit washes out salt from the oil before it enters the atmospheric distillation unit
8.
Shipbuilding
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Shipbuilding is the construction of ships and other floating vessels. It normally takes place in a facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history, Shipbuilding and ship repairs, both commercial and military, are referred to as naval engineering. The construction of boats is an activity called boat building. The dismantling of ships is called ship breaking, the ancestors of Australian Aborigines and New Guineans also went across the Lombok Strait to Sahul by boat over 50,000 years ago. Evidence from Ancient Egypt shows that the early Egyptians knew how to assemble planks of wood into a ship hull as early as 3000 BC, the Archaeological Institute of America reports that some of the oldest ships yet unearthed are known as the Abydos boats. These are a group of 14 ships discovered in Abydos that were constructed of wooden planks which were sewn together, the ship dating to 3000 BC was about 25 m,75 feet long and is now thought to perhaps have belonged to an earlier pharaoh. According to professor OConnor, the 5, 000-year-old ship may have belonged to Pharaoh Aha. Early Egyptians also knew how to assemble planks of wood with treenails to fasten them together, early Egyptians also knew how to fasten the planks of this ship together with mortise and tenon joints. The oldest known tidal dock in the world was built around 2500 BC during the Harappan civilisation at Lothal near the present day Mangrol harbour on the Gujarat coast in India, other ports were probably at Balakot and Dwarka. However, it is probable that many small-scale ports, and not massive ports, were used for the Harappan maritime trade, ships from the harbour at these ancient port cities established trade with Mesopotamia. Shipbuilding and boatmaking may have been prosperous industries in ancient India, native labourers may have manufactured the flotilla of boats used by Alexander the Great to navigate across the Hydaspes and even the Indus, under Nearchos. The Indians also exported teak for shipbuilding to ancient Persia, other references to Indian timber used for shipbuilding is noted in the works of Ibn Jubayr. The ships of Ancient Egypts Eighteenth Dynasty were typically about 25 meters in length and they mounted a single square sail on a yard, with an additional spar along the bottom of the sail. These ships could also be oar propelled, the ocean and sea going ships of Ancient Egypt were constructed with cedar wood, most likely hailing from Lebanon. The ships of Phoenicia seem to have been of a similar design, the naval history of China stems back to the Spring and Autumn period of the ancient Chinese Zhou Dynasty. The Chinese built large rectangular barges known as ships, which were essentially floating fortresses complete with multiple decks with guarded ramparts. There is considerable knowledge regarding shipbuilding and seafaring in the ancient Mediterranean and this was dually met with the introduction of the Han Dynasty junk ship design in the same century
9.
Dearborn, Michigan
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Dearborn is a city in the State of Michigan. It is located in Wayne County and is part of the Detroit metropolitan area, Dearborn is the eighth largest city in the State of Michigan. As of the 2010 census, it had a population of 98,153 and it later grew into a manufacturing hub for the automotive industry. The city was the home of Henry Ford and is the headquarters of the Ford Motor Company. It has a campus of the University of Michigan as well as Henry Ford Community College, Dearborn has The Henry Ford, the United States largest indoor-outdoor museum complex and Metro Detroits leading tourist attraction. Dearborn residents are primarily of European or Middle Eastern heritage, descendants of 19th, Middle Eastern ancestries make up the largest ethnic grouping with Lebanese, Yemeni, Iraqi, Syrian and Palestinian groups present. The primary European ethnicities are German, Polish, Irish and Italian, the area had been inhabited for thousands of years by varying indigenous peoples. Historical tribes belonged mostly to the Algonquian-language family, although the Huron were Iroquoian speaking, French colonists had a trading post and developed Detroit during the colonial period, trading with numerous regional tribes. This settlement was ceded to Britain in 1763 after its victory in the Seven Years War, the Dearborn area was settled permanently by Europeans in 1786, after the American Revolutionary War. The town of Dearborn was incorporated in 1893, in 1927 it was established as a city. Its current borders result from a 1928 consolidation vote that merged Dearborn and neighboring Fordson, the area between the two towns was, and still remains in part, undeveloped. Once farm land, this was bought by Henry Ford for his estate, Fair Lane, the open land is planted with sunflowers and often with Henry Fords favorite soybeans. The Arab American National Museum opened in Dearborn in 2005, the first museum in the devoted to Arab-American history. Arab Americans in Dearborn include ethnic Lebanese Christians who immigrated in the twentieth century to work in the auto industry as well as more recent Arab immigrants from other nations. According to the United States Census Bureau, the city has an area of 24.5 square miles. The Rouge River runs through the city with an artificial waterfall/low head dam on the Henry Ford estate to power its powerhouse, the Upper, Middle, and Lower Branches of the river come together in Dearborn. The river is widened and channeled near the Rouge Plant to allow freighter access. Fordson Island is an 8.4 acre island about three miles inland from the Detroit River on the River Rouge, Fordson Island is the only major island in a tributary to the Detroit River
10.
Lithium-ion battery
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A lithium-ion battery or Li-ion battery is a type of rechargeable battery in which lithium ions move from the negative electrode to the positive electrode during discharge and back when charging. Li-ion batteries use an intercalated lithium compound as one electrode material, the electrolyte, which allows for ionic movement, and the two electrodes are the constituent components of a lithium-ion battery cell. Lithium-ion batteries are common in home electronics and they are one of the most popular types of rechargeable batteries for portable electronics, with a high energy density, tiny memory effect and low self-discharge. Beyond consumer electronics, LIBs are also growing in popularity for military, battery electric vehicle, for example, lithium-ion batteries are becoming a common replacement for the lead–acid batteries that have been used historically for golf carts and utility vehicles. Chemistry, performance, cost and safety characteristics vary across LIB types, handheld electronics mostly use LIBs based on lithium cobalt oxide, which offers high energy density, but presents safety risks, especially when damaged. Lithium iron phosphate, lithium ion manganese oxide battery and lithium nickel manganese cobalt oxide offer lower energy density, such batteries are widely used for electric tools, medical equipment and other roles. NMC in particular is a contender for automotive applications. Lithium nickel cobalt aluminum oxide and lithium titanate are specialty designs aimed at particular niche roles, the newer lithium–sulfur batteries promise the highest performance-to-weight ratio. Lithium-ion batteries can pose unique safety hazards since they contain a flammable electrolyte, an expert notes If a battery cell is charged too quickly, it can cause a short circuit, leading to explosions and fires. Because of these risks, testing standards are more stringent than those for acid-electrolyte batteries, there have been battery-related recalls by some companies, including the 2016 Samsung Note 7 recall for battery fires. This article covers just the topics and general principles of lithium-ion batteries. Nearly all facets have elements that are impacted by currently very active development or research, a cell is a basic electrochemical unit that contains the basic components, such as electrodes, separator, and electrolyte. In the case of cells, this is the single cylindrical, prismatic or pouch unit. In this regard, the simplest battery is a cell with perhaps a small electronic circuit for protection. In many cases, distinguishing between cell and battery is not important, however, this should be done when dealing with specific applications, for example, battery electric vehicles, where battery may indicate a high voltage system of 400 V, and not a single cell. The term module is used as an intermediate topology, with the understanding that a battery pack is made of modules. In electrochemistry, the anode is the electrode where oxidation is taking place in the battery, i. e. electrons get free, however, this happens on opposite electrodes during charge vs. discharge. Historically, for lithium cells, which started as single use discharge cells and this is true on discharge, but with a rechargeable system, the negative electrode chemically becomes the cathode while charging
11.
Samsung
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Samsung Group is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul. It comprises numerous affiliated businesses, most of them united under the Samsung brand, Samsung was founded by Lee Byung-chul in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities, Samsung entered the electronics industry in the late 1960s and the construction and shipbuilding industries in the mid-1970s, these areas would drive its subsequent growth. Following Lees death in 1987, Samsung was separated into four business groups – Samsung Group, Shinsegae Group, CJ Group, since 1990, Samsung has increasingly globalised its activities and electronics, in particular, its mobile phones and semiconductors have become its most important source of income. Notable Samsung industrial affiliates include Samsung Electronics, Samsung Heavy Industries, other notable subsidiaries include Samsung Life Insurance, Samsung Everland and Cheil Worldwide. Samsung has an influence on South Koreas economic development, politics, media. Its affiliate companies produce around a fifth of South Koreas total exports, Samsungs revenue was equal to 17% of South Koreas $1,082 billion GDP. On 17 February 2017, Vice Chairman Lee Jae-yong was arrested for bribery, embezzlement, hiding assets overseas, according to Samsungs founder, the meaning of the Korean hanja word Samsung is tri-star or three stars. The word three represents something big, numerous and powerful, in 1938, Lee Byung-chull of a large landowning family in the Uiryeong county moved to nearby Daegu city and founded Samsung Sanghoe. Samsung started out as a trading company with forty employees located in Su-dong. It dealt in dried-fish, locally-grown groceries and made noodles, the company prospered and Lee moved its head office to Seoul in 1947. When the Korean War broke out, he was forced to leave Seoul and he started a sugar refinery in Busan named Cheil Jedang. In 1954, Lee founded Cheil Mojik and built the plant in Chimsan-dong and it was the largest woollen mill ever in the country. Samsung diversified into different areas. Lee sought to establish Samsung as leader in a range of industries. Samsung moved into lines of such as insurance, securities. President Park Chung Hee placed great importance on industrialization and he focused his economic development strategy on a handful of large domestic conglomerates, protecting them from competition and assisting them financially. In 1947, Cho Hong-jai, the Hyosung groups founder, jointly invested in a new company called Samsung Mulsan Gongsa, or the Samsung Trading Corporation, the trading firm grew to become the present-day Samsung C&T Corporation
12.
Robert Bosch GmbH
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Robert Bosch GmbH, or Bosch, is a German multinational engineering and electronics company headquartered in Gerlingen, near Stuttgart, Germany. It is the worlds largest supplier of automotive components measured by 2011 revenues, the company was founded by Robert Bosch in Stuttgart in 1886. Bosch is 92% owned by Robert Bosch Stiftung, Boschs core products are automotive components, industrial products and building products. The history of the started in a backyard in Stuttgart-West as the Werkstätte für Feinmechanik und Elektrotechnik on November 15,1886. One year later, Bosch presented the first low voltage magneto for gas engines, twenty years later, the first magneto for automobiles followed. The first factory was opened by Bosch in Stuttgart in 1901, in 1906, the company produced its 100, 000-th magneto. In the same year, Bosch introduced the 8-hours day for workers, in 1910, the Feuerbach plant was founded and built close to Stuttgart. In this factory, Bosch started to produce headlights in 1913, in 1917, Bosch was transformed into a corporation. In 1926, Bosch started to produce windscreen wipers, and in 1927, Bosch bought the gas appliances production from Junkers & Co. in 1932. In the same year, the company developed its first power drill, in 1937, Bosch was transformed into a limited liability company. Boschs subsidiary, Dreilinden Maschinenbau GmbH was a manufacturer in Kleinmachnow. This subsidiary employed forced laborers, prisoners of war and concentration camp detainees, there are two books published by Angela Martin and Hanna Sjöberg that report about Boschs use of slave labor. Since 2006, there is a commemoration in the forced labor camp. On March 12,1942, the founder, Robert Bosch. After the second war, Bosch established a partnership with the Japanese company Denso. In 1964, the Robert Bosch Stiftung was founded, Bosch founded a new development center in Schwieberdingen in 1968, and headquarters moved to Gerlingen in 1970. In 1981, the company participated on an equity basis in the Telefonbau & Normalzeit GmbH that was renamed Telenorma in 1985, in 1994, this part of the company was renamed as Bosch Telecom GmbH. In 2000, Bosch sold the Private Networks area, in 2001, Bosch acquired the Mannesmann Rexroth AG which was later renamed to Bosch Rexroth AG
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