Samsung Chief, Lee Kun-hee Passes Away at Age 78

Sad news for the family and friends of Samsung architect Lee Kun-hee who passed away yesterday:

 Lee Kun-hee, who had transformed Samsung Group into one of the world’s major tech giants from a small trading firm, died at a hospital in Seoul on Sunday at age 78, leaving a thorny succession challenge for his children.

The chairman of the flagship Samsung Electronics had been bedridden since May 2014 following a heart attack.

“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,” Samsung said in a statement.

Yonhap

You can read more at the link, but Lee took over Samsung in 1987 at age 45 from his father and his turned it into one of the world’s largest and most respected name brand companies.

It will be interesting to see how the succession plays out with the Moon administration busy trying to throw his son in jail.