Samsung

Samsung is the largest chaebol (business conglomerate) in South Korea. As of 2024, Samsung has the world's fifth-highest brand value. Samsung was founded in 1938 by Lee Byung-chul as a trading company. Samsung diversified into various sectors, including food processing, textiles, insurance, securities, and retail. In the late 1960s, Samsung entered the electronics industry, followed by the construction and shipbuilding sectors in the mid-1970s. After Lee died in 1987, Samsung was divided into five business groups: Samsung Group, Shinsegae Group, CJ Group, Hansol Group, and JoongAng Group. The group consists of numerous affiliated businesses, most of which operate under the Samsung brand. Summarize the following text using ONLY facts from it. Do NOT invent references, emails, or links. If the text doesn't mention something, leave it out. The meaning of the Korean hanja Samsung (三星) is three stars. The three stands for something big, numerous and powerful, while stars stands for everlasting or eternal.