Samsung Holding Firm to Be Renamed Cheil Industries

Samsung Everland, the de facto holding company of the Samsung Group which is to be listed on the Korea Exchange early next year, will be tentatively renamed Cheil Industries, Samsung said Sunday.

But the English name will also include "Samsung" so it is easier to recognize abroad as part of the conglomerate. Everland will remain the official name of the group's amusement park affiliate.

Cheil Industries, which makes clothes among other things, was established in 1954 and Samsung Group founder Lee Byung-chul was on the board of directors until his death in 1987. / Jun. 09, 2014 10:56 KST