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.
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