Samsung is a Multi-national South-Korean Company founded in 1938. It was originally meant to be a trading company. Right now it has a number of holding companies and subsidiaries united under the brand name of Samsung. It is the largest South Korean conglomerate.
Samsung started in 1938 as a small trading company located in Su-dong near Daegu city.It was founded by Lee Byung-chul. He had only forty employees and the company’s major business was production and distribution of groceries within the city.
In 1947, as the company began to grow Lee put up their office in Seoul. He soon started a sugar refinery which also succeeded in a very short span of time. Lee was a very ambitious person and in 1954 built the largest woollen mill in Korea located in the suburbs of Daegu city.