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Samsung Group is an international company that operates its operations in various business sectors including construction, entertainment, electronics, finance, insurance, marine etc. This multinational company operates from its headquarters located in Seoul, South Korea. In 1938, Samsung came into existence by the efforts of Lee Byung Chul as a small trading company. Gradually, as time passed, the company stepped into the business of food processing, textiles, securities, insurance and retail. In 1960, this new name also added into the electronics market and started manufacturing and marketing variety of consumer electronics, telecoms equipment, home appliance and semiconductors. Company's all the operations in electronics sectors are handled by its subsidiary called Samsung electronics. Samsung Electronics has its presence in several countries through its manufacturing unit and distribution network. Camera, television, semiconductors, chips, flash memory, hard drives are few electronics components manufactured in company's assembly plant. Apart from this, Samsung is the well known name in mobile phone market. Samsung Mobile phones play major role in the company's total Revenue of the company. In few times, the Samsung has become prominent mobile phone company and has stood as biggest competitor for Apple iPhone. Samsung offers variety of phones including CDMA, smartphones, tablet phones etc. Samsung group stepped into insurance sector in 1957 through its subsidiary known as Samsung Life Insurance which is the largest insurance company across South Korea. Samsung Life Insurance is also listed on Fortune Global 500 company. The company majorly offers variety insurance services including life insurance, health insurance and annuities. Samsung Life Insurance has strength of approximately 70000 employees. As per the capitalization, the company is among the leading insurance company in the country. Apart from this, the company also started offering services related to risk management through Samsung Fire and Marine Insurance, another subsidiary of Samsung group. Under this, subsidiary company makes available insurance services related to automobile, commercial insurance etc. Samsung Fire and Marine Insurance was established in 1952 under the observation of Chang Soo Kim. All over the world, Samsung is the prominent manufacturers of shipbuilders which is done through company's other subsidiary named as Samsung Heavy Industries. It is among the “Big Three” shipbuilders of South Korea. Its shipbuilding manufacturing units are located in Ningbo and Rongcheng, China. The company usually manufacturers enormous ships. As per the report Samsung Heavy Industries on an average produces 30 ships annually. Among company's major ships few are LNG tankers, drill ships, Ultra large container ships, Arctic shuttle tankers, drill ships etc. In 1938, the company entered into the business of construction through its Samsung C&T corporation which came into existence in 1938. Till date, the company has completed numerous engineering and construction projects the includes Petronas Twin Skyscrapers, Burj Khalifa etc.