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. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities, and retail. Samsung was founded by Lee Byung-chul in 1938 as a trading company. As of 2020, Samsung has the 8th highest global brand value. It comprises numerous affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean chaebol (business conglomerate). The Samsung Group (or simply Samsung, stylized in logo as SΛMSUNG) ( Korean: 삼성 ) is a South Korean multinational manufacturing conglomerate headquartered in Samsung Town, Seoul, South Korea.
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