The brand Samsung is owned by Samsung Group, which is South Korean conglomerate owned by Lee family, with largest shareholder being Lee Jae-yong, son of late chairman Lee Kun-hee, who controls Samsung through complex cross-shareholdings typical of chaebol structure. Samsung Group was founded in 1938 by Lee Byung-chul in Daegu, Korea, and grew into largest business group in South Korea, with many subsidiaries including Samsung Electronics, which is main company making Samsung branded phones and TVs, Samsung Display, Samsung SDI, Samsung Life Insurance, and Samsung Heavy Industries. Samsung Electronics itself is publicly traded company listed on Korea Exchange with market capitalization over 300 billion dollars, owned by institutional investors, Lee family, and public shareholders, with Lee family holding controlling stake through shares and cross-holdings. Lee Jae-yong, also known as Jay Y. Lee, is Executive Chairman of Samsung Electronics and de facto leader of Samsung Group, owning about 20 percent through various entities. Samsung brand is not owned by Google or other foreign company, it is Korean-owned, with headquarters in Suwon, South Korea. The brand Samsung is valued at over 90 billion dollars as one of most valuable brands globally. So Samsung owned by Samsung Group, controlled by Lee family, with Lee Jae-yong as current leader, making it family-controlled chaebol, not state-owned or foreign-owned, but Korean family-owned conglomerate.
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