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Multinational Conglomerate Samsung Town Seoul: Samsung (Means "Three Stars" in English) Is A South

Samsung is a South Korean conglomerate founded in 1938 by Lee Byung-chul as a trading company that has since diversified into electronics, construction, shipbuilding and other industries. It is comprised of numerous affiliated businesses mostly united under the Samsung brand and is the largest chaebol in South Korea. Following the founder's death in 1987, Samsung separated into four business groups, and has increasingly globalized its electronics business, with mobile phones and semiconductors becoming its most important income sources.

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AMAN KHANNA
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19 views1 page

Multinational Conglomerate Samsung Town Seoul: Samsung (Means "Three Stars" in English) Is A South

Samsung is a South Korean conglomerate founded in 1938 by Lee Byung-chul as a trading company that has since diversified into electronics, construction, shipbuilding and other industries. It is comprised of numerous affiliated businesses mostly united under the Samsung brand and is the largest chaebol in South Korea. Following the founder's death in 1987, Samsung separated into four business groups, and has increasingly globalized its electronics business, with mobile phones and semiconductors becoming its most important income sources.

Uploaded by

AMAN KHANNA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Samsung (means "three stars" in English) is a South

Korean multinational conglomerate headquartered in Samsung Town, Seoul.[1] It comprises


numerous affiliated businesses,[1] most of them united under the Samsung brand, and is the
largest South Korean chaebol (business conglomerate).
Samsung was founded by Lee Byung-chul 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 the
construction and shipbuilding industries in the mid-1970s; these areas would drive its subsequent
growth. Following Lee's death in 1987, Samsung was separated into four business groups –
Samsung Group, Shinsegae Group, CJ Group and Hansol Group. Since 1990, Samsung has
increasingly globalised its activities and electronics; in particular, its mobile phones and
semiconductors have become its most important source of income. As of 2017, Samsung has
the 6th highest global brand value.[6]

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