Samsung chairman Lee Kun-hee diesChristian Fernsby ▼ | October 25, 2020
Samsung Electronics chairman Lee Kun-hee died at the age of 78 on Sunday, the company said.
Samsung Lee Kun-hee
"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. ■