Samsung Group, better known as Samsung, is a multinational conglomerate headquartered in Samsung Town, Seoul, South Korea. It was founded by Lee Byung-chul on 1 March, 1938, in Daegu, South Korea. Samsung began as a trading company but today is one of the most renowned brands in appliances and smartphones, with its operations spread in multiple countries.
On June 7, 2017, Samsung announced an additional investment of Rs 4,915 crore as part of the Make in India initiative of Prime Minister Narendra Modi. The investment is for Samsung's Noida plant that makes smartphones, refrigerators and flat panel TVs. The plant will get an additional 35 acres of land and Samsung will double the capacity at this facility that began in 1996, two decades ago.
Samsung currently operates as four business groups - the Samsung Group, the Shinsegae Group, the CJ Group and the Hansol Group. Its main divisions are: Samsung Electronics, Samsung C&T Corporation, Samsung Heavy Industries, Samsung SDS, Samsung Life Insurance, Samsung Fire & Marine Insurance and Cheil Worldwide.
Apart from consumer electronics, electronic components, home appliances, telecommunications equipment and IT, Samsung is also into apparel, chemicals, medical equipment, semiconductors, solid state drives, DRAM, construction and ship-building. It also operates in the services sector in advertising, entertainment, financial services, hospitality, medical and health care services and retail.