Lee Kun-Hee

Samsung Chairman Lee Kun-Hee Dies At 78

Shocking news has surfaced today. The generally used electronics which is Samsung electronics whose chairman Lee Kun-hee, who converted the South Korean firm into a global tech titan, died at 78 on Sunday.

In Lee’s headship, Samsung design to turn into the world’s major producer of smartphones and memory chips, and the firm’s overall turnover today is the same as a fifth of South Korea’s GDP.

Known for a solitary lifestyle, Lee was left bedridden by a heart attack in 2014. Little was exposed about his condition, leaving him wearing a veil of mystery even in his final days.

It is with countless sorrow that we proclaim the passing of Kun-hee Lee, Chairman of Samsung Electronics.

Chairman Lee passed away on October 25 with his family, as well as Vice Chairman Jay Y. Lee, by his side.

Chairman Lee was a true idealistic who renovated Samsung into the world-leading innovator and industrial powerhouse from a local business, the firm said, adding: “His legacy will be everlasting.”

They herd the nation’s transformation from war-debauch devastation to the world’s 12th-largest economy, but nowadays are suspect of murky political ties and stifling competition — with Lee himself twice found guilty of criminal offenses, in one case corrupting a president.

‘Hermit king’

When Lee hereditary the chairmanship of the Samsung group in 1987 — founded by his father as a fish and fruit exporter — it was already the country’s largest agglomerate, with processes ranging from customer electronics to manufacture.

But Lee focused it and took it globally: by the time he feels pain a heart attack in 2014, it was the world’s biggest maker of smartphones and memory chips. It is also a main global player in semiconductors & LCD today.

and, he seldom offered out from the high walls of his isolated compound in central Seoul to official visit the company head office, earning him the nickname the hermit kingdom.

His son, Samsung Electronics vice-chairman Lee Jae-Yong, has been at the controls of the company since the 2014 heart attack.

Lee was jailed for five years in 2017 after being found guilty of corruption and other crimes linked to former president Park Geun-Hye, before being cleared of the most serious charges on appeal and released a year later.

 

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