Samsung Latest Hote News: Samsung is a South Korean multinational company headquartered in Samsung Town, Seoul. Samsung was founded by founder 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 (electronic components, medical equipment, semiconductors, ships, telecommunications) 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.