Samsung was founded in 1938 in Korea and initially operated in industries like fishing and milling. It entered electronics and chemicals in the 1960s, establishing Samsung Electronics in 1969 which focused on electronics. In the 1970s, Samsung bet on electronics which helped Korea's economy and exports. It expanded globally in the 1980s and established semiconductor and communications divisions. Since 1997, Samsung has focused on four core markets through restructuring, cutting costs, and pursuing a digital strategy of innovation. It is organized into four main groups covering areas like semiconductors, digital media, and home appliances.