samsung underwent a historic restructuring that led to its separation into four distinct business groups
Updated By: History Editorial Network (HEN)
Published:
3 min read
After the death of Samsung's founder, Lee Byung-chul, in 1987, the massive conglomerate underwent a historic restructuring that led to its separation into four distinct business groups: Samsung Group, Shinsegae Group, CJ Group, and Hansol Group. This division was driven in part by inheritance and succession plans among Lee’s children, each of whom went on to lead and transform their respective groups. While Samsung Group retained its core electronics and industrial businesses, the others ventured into new domains, contributing significantly to South Korea's diversified economic landscape.
Shinsegae emerged as a leading force in retail, developing luxury department stores and modern shopping experiences. CJ Group expanded into food, entertainment, and biotechnology, becoming a cultural and culinary powerhouse. Hansol Group focused on paper products and telecommunications, further diversifying the legacy. Despite operating independently, all four entities continue to carry the spirit of innovation and ambition that characterized their shared origin, each playing a pivotal role in shaping Korea’s modern business ecosystem.
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