The story
Founded by Lee Byung-chul on Sep 15, 1954.1
1954 Cheil Woolen Fabrics Industries Established
1961 Exported 3,000 pounds of Jangmi brand carded wool to Hong Kong first
1965 Obtained a Korean license for Wool Mark from I.W.S.
1972 Established Cheil Synthetic Fiber
1976 Changed name to Cheil Industries
1992 Developed the world's first high-density 1,130,000 carpets
1994 Succeeded in developing and manufacturing EPS for foundry at the Hwasung R&D Center
2000 Changed the line of business registered with Korea Stock Exchange to chemicals
Read the full text
2003 Completed the construction of the Daegu Opera House
2007 Developed the 'Tempist Stylist' the world's first artificial marble with highly transparent chips
2013 Fashion business sold to Samsung Everland
2014 Merger with Samsung SDI Co., Ltd. (changed to 'Samsung SDI Chemicals and Electronic Materials')
After the merger:
2014 Samsung Everland changed its name to 'Cheil Industries Inc.'
2015: Cheil announced plans to acquire Samsung C&T for $7.7 billion, in an all-stock transaction viewed as consolidating Samsung heir Lee Jae-yong's control over the Samsung Group. Elliott Associates, an American hedge fund that owned 7.1% of Samsung C&T's stock, opposed the transaction and attempted to block it in court on the basis that it was not in the best interest of shareholders. The merger was approved by the shareholders in July and executed in September 2015. The combined company was named 'Samsung C&T'.
From Wikipedia’s article on Cheil Industries, shared under CC BY-SA 4.0.4