Samsung Group is a South Korean multinational conglomerate company headquartered in Samsung, Seoul. It includes a number of subsidiaries and affiliates, mostly merged under the Samsung brand, and is South Korea’s largest onion .
Samsung founded Lee Byung-chull in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities, and retail. Samsung entered the electronics industry in the late 1960s and construction and shipbuilding in the mid-1970s; these areas would encourage its further growth. After Lee's death in 1987, Samsung was split into four business groups - Samsung Group, Shinsegae Group, CJ Group and Hansol Group. Since the 1990s, Samsung has increasingly globalized its activities, and electronics, especially mobile phones and semiconductors, have become its most important source of income.
Major industrial subsidiaries of Samsung include Samsung Electronics (the world's largest information technology company measured by revenue for 2012), Samsung Heavy Industries (the world's second largest shipyard measured by revenue for 2010), and Samsung Engineering and Samsung C&T (15 .and 63. in the world). - largest construction companies). Other major subsidiaries are Samsung Life Insurance (the 14th largest life insurance company in the world), Samsung Everland (operator of Everland Resort, the oldest theme park in South Korea), Samsung Techwin (aerospace, surveillance and defense company) and Cheil Worldwide (16 the largest advertising agency in the world, measured by revenue for 2011).
Samsung has a strong influence on South Korean economic development, politics, media and culture and has been a major driving force behind the “Han River miracle”. Its associates produce about one-fifth of all South Korean exports. Samsung's revenue was equal to 17% of South Korea's GDP of $ 1082 billion.
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