Cheil Industries was an affiliate of the Samsung Group.
Since its establishment in 1954, Cheil Industries has been a Korean textile firm.
Thereafter, from the 1980s, the company expanded its business areas into fashion, chemicals and electronic chemical materials (ECM).
In October 2014, Cheil Industries submitted plans for an initial public offering, with around $1.41 billion in shares planned for listing on the South Korea Stock Exchange.[1]
History
After the merger:
- 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