Samsung director Lee (78), the man who made the company great, deceased

Under his leadership, the company became one of the world's largest producers of smartphones and televisions 26.Oct.20 8:48 AM By Abigail Richards Photo youtube.com    453

Chairman Lee Kun-hee of the South Korean technology company Samsung has died. The 78-year-old South Korean, who had been suffering from health problems for years, died in a hospital in Seoul. Lee Kun-hee was the son of the founder of Samsung and succeeded him as the top man in 1987. Under his leadership, the company became one of the world's largest producers of smartphones and televisions. In 2008, Lee resigned his executive office after a conviction for tax evasion and bribery. When the president of South Korea pardoned the sentence a year later, he returned to the head of Samsung. In recent years, since he had a heart attack, his duties were observed by his son Lee Jae-yong. Lee Kun-hee died today in front of his family, writes the company in a statement. "Chairman Lee was a real visionary, transforming Samsung from a local company into a leading innovator and industrial power. His legacy is immortal." Lee was allegedly the richest man in South Korea. According to business magazine Forbes, he had a fortune of over $ 20 billion.

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