Origin: In 1938, Lee Byung-chull of a large landowning family in the Uiryeong County came to the nearby Daegu city and founded Samsung Sanghoe, a small trading company with forty employees located in Su-dong. It dealt in groceries produced in and around the city and produced noodles itself. After the Korean War broke out, lee decided to come up with a woolen mill in the 1950s. It was the largest woolen mill ever in the country. In the 1960s Samsung further diversified in electronics in which it is the world leader now.
The Samsung Group is a multinational conglomerate corporation headquartered in Samsung Town, Seoul, South Korea. The Samsung Group comprises has numerous international affiliated businesses, most of them united under the Samsung brand including Samsung Electronics, the world's largest technology company by sales, Samsung Heavy Industries, the world's second largest shipbuilder, Samsung Engineering, known for global constructions. Samsung Group is the sole monopoly dominating a single market its revenue as large as some countries' total GDP.
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