Complex sentence: The company was established in 1954 under the name Samlip Motor Works; in 1968 the company was incorporated into Samlip Industrial Co. Ltd. (hangul: 삼립산업).
Split into simpler sentences: The company was established in 1954 under the name Samlip Motor Works. In 1968 the company was incorporated into Samlip Industrial Co. Ltd. (hangul: 삼립산업).