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Samsung chairman Lee Kun-hee dies

Christian Fernsby ▼ | October 25, 2020
Samsung Electronics chairman Lee Kun-hee died at the age of 78 on Sunday, the company said.
Lee Kun-hee
Samsung   Lee Kun-hee
Lee, who turned the South Korean firm into a global tech giant, was left bedridden by a heart attack in 2014.

Topics: Samsung

"It is with great sadness that we announce the passing of Kun-hee Lee, Chairman of Samsung Electronics," the company said in a statement.

"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," the firm said, adding: "His legacy will be everlasting."

The company's overall turnover is equivalent to a fifth of the nation's gross domestic product, making it crucial to South Korea's economic health.