Samsung lee kun hee biography of williams
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Samsung Group titan Lee Kun-hee dies aged 78
Lee Kun-hee, the chairman of South Korea's largest conglomerat, Samsung Group, has died aged 78.
Mr Lee helped to grow his father's small trading business into an economic powerhouse, diversifying into areas like insurance and shipping.
During his lifetime, Samsung Electronics also became one of the world's biggest tech firms.
He was the richest person in South Korea, according to Forbes, with a net worth of nearly $21bn (£16bn).
Samsung said Mr Lee died on Sunday with family by his side, but did not state the exact cause of death. A heart attack in 2014 had left him living in care.
"All of us at Samsung will cherish his memory and are grateful for the journey we shared with him," the firm said in a statement.
Mr Lee was the third son of Lee Byung-chul, who founded Samsung Group in 1938. He joined the family firm in 1968 and took over as chairman in 1987 after his father's death.
At the time, Samsu
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Olin Blog post by Spencer Burke, Koch Center Eugene F. Williams Jr. Executive in Residence. See more of his reviews and articles on his page at the St. Louis Trust.
Samsung Rising is the remarkable story of how a family-owned vegetable and dried fish shop established in 1938 has grown to become one of the largest and most valuable technology companies in the world.
It is part of Samsung Group, a Korean chaebol (a family group of companies or “wealth clan”) and is best known for Samsung Electronics, which is a global leader in the smartphone market and semiconductor manufacturing. The group is controlled by five separate branches of the founder’s (B.C. Lee) family; the family is one of the wealthiest in the world with an estimated net worth of over $40 billion.
The group is made up today of over 60 independent companies, many of them publicly listed, which, in the aggregate, account for approximately 20% of the GDP of South Korea and employ over 310,000. The family cont
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Lee Kun-hee, who made S.Korea's Samsung a global powerhouse, dies at 78
Author of the article:
Reuters
Joyce Lee and Hyunjoo Jin and Cynthia Kim
Published Oct 25, 2020 • 3 minute read
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SEOUL — Lee Kun-hee, who built Samsung Electronics into a global powerhouse in smartphones, semiconductors and televisions, died on Sunday after spending more than six years in hospital following a heart attack, the company said.
The charismatic leader of Samsung Group and the country’s richest person, grew it into South Korea’s biggest conglomerate. But he was also convicted of bribery and tax evasion, and he and the empire he built were vilified for wielding huge economic clout, and for opaque governance and dubious transfers of the family wealth.
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