Samsung Group is one of the largest and most influential conglomerates in the world, based in South Korea. Founded in 1938 by Lee Byung-chul, Samsung began as a trading company and evolved over the decades into a global leader across a diverse range of industries. The group is best known today for its flagship subsidiary, Samsung Electronics, which dominates global markets in smartphones, TVs, semiconductors, and home appliances. Samsung's innovation-driven approach has made it a symbol of South Korea’s rapid modernization and technological prowess.
Beyond electronics, Samsung Group includes numerous other subsidiaries and affiliates involved in industries such as construction, shipbuilding (Samsung Heavy Industries), life insurance (Samsung Life), and biopharmaceuticals (Samsung Biologics). Despite a few restructuring moves—including the separation of groups like CJ, Hansol, and Shinsegae after the founder’s death in 1987—Samsung remains the largest of South Korea's chaebols (family-owned business conglomerates). Its influence extends far beyond business, playing a key role in the country’s economy, employment, and even global cultural presence.
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Background - By Kenneth C. Zirkel - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=137051582