Samsung chairman Lee Kun-hee, who turned Samsung into an digital large, dies on the age of 78 Tech Information

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Final Thursday we wrote about Samsung vice chairman and inheritor Lee Jae-Yong after he was charged with new fraud prices. He’s the eldest youngster and solely son of Hong Ra-hee and Lee Kun-hee, chairman of Samsung, and is extensively thought-about to be his father’s future successor.

In keeping with latest Wall Road Journal information, Samsung chairman Lee Kun-hee died on Sunday (Korean time) on the age of 78 after being unable to work in a hospital for greater than half a decade. Throughout his tenure as chairman, Lee Kun-hee reworked Samsung into the world’s largest producer of smartphones and televisions. He died on Sunday after being unable to work in a hospital for greater than half a decade.

Mr. Lee, who remained chairman of Samsung on the time of his dying, had been hospitalized since Might 2014 after a coronary heart assault left him unable to work. He was already ill and was handled for lung most cancers within the late 1990s. Throughout his greater than three a long time on the helm, Mr. Lee reworked the corporate into a worldwide model.

Samsung was based in 1938 by Lee Byung-Chul as a buying and selling firm. In 30 years, Samsung has diversified into areas akin to meals processing, textiles, insurance coverage, securities, and retail. Samsung entered the electronics business within the late 1960s and the development and shipbuilding industries within the mid 1970s. These areas would drive future development. Samsung’s gross sales had been equal to 17% of South Korea’s GDP of $ 1,082 billion. In 2019, Samsung Electronics had gross sales of roughly 230.four trillion South Korean received (roughly 206 billion US {dollars}).



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