20170216samsungseoul

Samsung Electronics in Seoul (Photo by Koji Uema)

The Samsung empire at 80

Government connections that helped the group grow are coming back to haunt it

SEOUL -- Eight decades ago, there was little indication that a fruit wholesaler in Daegu, an industrial city in southeastern South Korea, would one day become a sprawling business empire with operations spanning electronics, shipbuilding, insurance, medicine and more.

Lee Byung-chull set up Samsung Commercial Co. -- the forerunner of today's Samsung C&T -- in 1938, when he was 28. The company started out exporting fruit and dried fish to Manchuria and China.

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