In 1947, Cho Hong-jai (the Hyosung group’s founder) jointly invested in a new company called Samsung Mulsan Gongsa (삼성물산공사), or the Samsung Trading Corporation, with the Samsung Group founder Lee Byung-chull.
Po vojni, leta 1954,je Lee ustanovil Cheil Mojik in zgradili tovarno v Chimsan-dong Daegu.