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Samsung started out as a small trading company with forty employees located in Su-dong (now Ingyo-dong). The company prospered and Lee moved its head office to Seoul in 1947.When the Korean War broke out, he was forced to leave Seoul.Shinsegae (discount store, department store) was originally part of Samsung Group, separated in the 1990s from the Samsung Group along with CJ Group (Food/Chemicals/Entertainment/logistics), and the Hansol Group (Paper/Telecom).Today these separated groups are independent and they are not part of or connected to the Samsung Group.Samsung became the world's largest producer of memory chips in 1992 and is the world's second-largest chipmaker after Intel (see Worldwide Top 20 Semiconductor Market Share Ranking Year by Year).
Samsung's construction branch was awarded contracts to build one of the two Petronas Towers in Malaysia, Taipei 101 in Taiwan and the Burj Khalifa in United Arab Emirates.
As of 2017, Samsung has the 6th highest global brand value.
In 1938, Lee Byung-chul (1910–1987) of a large landowning family in the Uiryeong county moved to nearby Daegu city and founded Samsung Sanghoe (삼성상회, 三星商會).
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.