The chairman of Sansung, Lee Kun-hee, who built the Samsung in to a global company is died.
Kun-Lee died on Sunday, October 25 at the age of 78, the company confirmed. He had been comatose since suffering a heart attack in 2014 and died in Seoul, South Korean capital.“Chairman Lee was a true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse from a local business,” Samsung said in a statement. “All of us at Samsung will cherish his memory and are grateful for the journey we shared with him.”
Kim-hee’s son Jay Y. Lee, has been leading the company since becoming Vice Chairman in 2012 and is expected to inherit his father’s chairmanship.
Lee Kun-hee, built Samsung into a global smartphones, televisions and computer chips was also convicted twice, for white-collar crimes committed.
When Mr. Lee took the helm at Samsung Group in 1987, after the death of his father and the conglomerate’s founder, Lee Byung-chull, many in the West knew only new the company for its cheap products.
However, Lee Kun-hee pushed the company up the technological giant status. By the early 1990s, Samsung had surpassed many Japanese and American rival companies to become a pacesetter in memory chips.