Founded by Lee Byung-chul in 1938 as a trading company, Samsung is a South Korean multinational conglomerate company, comprising numerous subsidiaries and affiliated business united under the Samsung brand.
The group diversified since its initial founding into industries, including food processing, textiles, insurance, and securities and retail. In the late 1960s, Samsung entered the electronics industry, and in the mid 1970s, the construction and ship building industries. After Lee Byung-chul’s death in 1987, Samsung divided into four business groups: Samsung Group, Shinsegae Group, CJ Group, and Hansol Group.
Notable Samsung subsidiaries include Samsung Electronics, Samsung Heavy Industries, Samsung Engineering, Samsung C&T, Samsung Life Insurance, Samsung Everland, Samsung Techwin, and Cheil Worldwide.