Similar to The LG Group, The Samsung Group is a large conglomerate originating from South Korea. Samsung is the largest conglomerate, as a matter of fact, for both Korea and the world.
The Samsung company was founded in 1938 by Lee Byung-Chul and has since been run by three generations of the Lee family. Lee started Samsung as a small trading company in Seoul determined to become the leader in each industry that it entered. The group quickly grew to form companies in several industries, the most successful being Samsung Electronics.
Samsung Electronics invests heavily in its research and development departments, allowing them to be the first in the world to produce dynamic random access memory (DRAM) chips. Theyâ€™re currently the leading manufacturer of computer memory, cathode-ray tube televisions, LCD displays, laser printers, digital cameras, and many more.
Samsung has a strong presence in the world of sports, owning five sports teams: the Samsung Lions, Seoul Samsung Thunders, Suwon Samsung Bluewings, Yongin Samsung Life Insurance Bichumi, and the Daejeon Samsung Fire & Marine Insurance Bluefangs. Theyâ€™re also a heavy sponsor to several sports events, including the NASCAR Nextel Cup race, World Cyber Games (an Olympics for video games), and has been a Worldwide Olympic Partner since 1997.
In the world of refrigerators, Samsung recently released their RH269LBSH model refrigerator, equipped with a detachable wireless ICE pad. This ICE pad is a touchpad LCD display with built-in tools (such as a digital calendar, memo pad, and expiration date monitor) and can connect wirelessly to your homeâ€™s entertainment system, allowing you to watch videos from within the kitchen. Samsung refrigerators that have ice and water dispensers also use their own brand of Samsung water filters.