Samsung C&T Corporation

Samsung C&T Corporation (C&T = Construction&Trading) (formerly Samsung Corporation) (Korean: 삼성물산), was founded in 1938 as a parent company of Samsung Group to engage in overseas sales operations. Since 1995, it has been largely focused on global engineering and construction projects, trade and investment, fashion and resorts. The corporation is governed by an 11-member Board of Directors, made up of the President and CEOs of its four working groups (Engineering & Construction, Trading & Investment, Fashion and Resort & Construction the corporation’s CFO, and six independent members. Samsung C&T employees are just under 13,000 people.

History

In 1975, Samsung C&T was designated by the Korean government as the first general trading company to lead overseas sales operations. After the company merged with Samsung Construction in December 1995, Samsung C&T began engaging in global business with offices in more than 50 countries.

In September 2015, Samsung C&T merged with Cheil Industries, a Korean textile firm prominent in the fashion industry that was originally acquired by Samsung Everland in December 2013. The resulting Samsung C&T focuses on fashion, food, housing, leisure, and bio businesses with its Engineering & Construction, Trading & Investment, Fashion and Resort & Construction Groups. The merger has established a third pillar for the Samsung Group, adding to its electronics and financial services.