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In [[1953]], Samsung started [[sugar]] production, a business no longer part of Samsung. In [[1958]] insurance services started.
In [[1965]] a department store opened in Kwanjou.
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Samsung Electronics was founded in [[1969]].
In [[1974]] Samsung petrochemical and heavy industries followed. The company was awarded an export prize by the government as a part of the country's development programme in [[1976]]. As a result, Samsung construction emerged three months later the following year. Shipbuilding was added in [[1977]].
The enormous diversification of the 70s continued in the [[1980s]]. In [[1982]], Samsung established a professional [[baseball]] team. In [[1983]] Samsung produced its first computer [[microchip|chip]]: a 64k [[DRAM]]. Towards the end of the decade, Samsung pushed its efforts in [[petrochemical]]s and electronics.
The [[1990s]] saw Samsung rise as an international corporation. Not only did it acquire a number of businesses abroad, but also began leading the way in certain electronic components. Samsung's construction branch was awarded the contract to build one of the two [[Petronas Towers]] in [[Malaysia]] in September 1993.
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