The origins of the current Samsung group date back to 1938 in Daefu, Korea, where Lee Byung-chul founded a perishable goods import-export company he called Samsung Sanghoe (Korean: three stars). .
In 1969, Samsung founded in Suwon what was to be its most famous subsidiary: Samsung Electronics, specializing in technology and electronics.
Throughout the 1990s, the group was divided into 4 independent groups:
Samsung has established itself as the most important company in South Korea in terms of business volume, partly due to its electronics division.
The Samsung group is made up of more than 8 companies including affiliates, subsidiaries and investee companies. The best-known business branch is its technology and electronics division, Samsung Electronics, although it has businesses in the financial, biotechnological, health, commerce, service sectors, shipbuilding, and civil construction sectors. The sum of all these activities represents about 20% of South Korea's gross domestic product.
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