Utilize the input text as a context reference, choose the right relationship between Samsung and Seoul from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

“Economic growth has remained sluggish despite multiple rate cuts, which indicates the limited effects the cuts have had,” said Shin Hong Sup, a fixed-income strategist in Seoul at Samsung Securities Co., South Korea’s second-biggest brokerage by market value.

Answer: location_of_formation