Chairman Of SAMSUNG Electronics Group, Lee Kun-Hee Is Dead—–South Korean businessman and chairman of Samsung Electronics group Lee Kun-Hee has died at the age of 78.
The deceased industralist is credited with transformi
ng the small television maker into a global giant of consumer electronics after inheriting the chairmanship of group in 1987 founded by his father.
His death was announced by Samsung group but they did not specify the cause. Mr. Lee had been incapacitated since a heart attack in 2014.
The company said in a statement:
“It is with great sadness that we announce the passing of Kun-hee Lee, Chairman of Samsung Electronics.
“Chairman Lee passed away on October 25 with his family, including Vice Chairman Jay Y. Lee, by his side.
“Chairman Lee was a true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse from a local business. His legacy will be everlasting.”
Under Lee’s leadership, Samsung rose to become the world’s largest producer of smartphones and memory chips, and the firm’s overall turnover today is equivalent to a fifth of South Korea’s GDP.
