The Lego Group was founded in 1932.

The statement "The LEGO Group was founded in 1932" is true. The LEGO Group was indeed founded in 1932 by Ole Kirk Kristiansen in Billund, Denmark. Initially, the company started producing wooden toys, but later transitioned to manufacturing plastic interlocking bricks, which became their iconic product. Since its inception, the LEGO Group has grown into a globally recognized brand and has become one of the leading toy companies in the world, known for its creativity, innovation, and emphasis on imagination-based play.