One reason was the death of the founder in 1990, another was the neglect of marketing issues, and the devaluation of the Asian currency. Although the history of the brand developed very promisingly, a series of unfortunate events caused a difficult time for Samick and eventually bankruptcy. This continuous growth soon led to the opening of new facilities in California (1978), Berlin (1980), and in the 1990s in Indonesia and China. Just over a decade after the first piano was made, the company grew so much that it employed thousands of people, working not only on pianos but also on acoustic and electric guitars. At that time, no one expected to export Samick pianos abroad in the next few years. Then, taking up the challenge of developing the company, Hyo Ick Lee started producing his own Samick pianos in a small workshop. This brand began its activity by importing American Baldwin pianos. The relatively young company Samick Pianos was founded in South Korea in 1958 by Hyo Ick Lee. Thus, in the 21st century, one of the world's leading manufacturers and sellers of upright and grand pianos is based in the East - in Asia. Although the home of the piano is Europe, over the years the fame of this instrument has reached most of the world.
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