Samchuly - History - 1965–1984


As the Korean economy struggled to grow, Samchuly decided to export bicycles to the United States and shipped their first set of bicycles in 1965. President Park Chung-Hee visited Samchuly's factory at Siheung and encouraged Samchuly to help Korea industrialize in the 1970s. Exports to the United States grew very rapidly in the 1970s, with annual exports averaging 100,000 bicycles. By the 1980s, annual exports averaged 300,000 bicicyles.

Read more about this topic:  Samchuly, History