Samsung Electronics Chairman Lee Kun-hee died at the age of 78
Lee Kun-hee, the Chairman of Samsung Electronics, on Sunday died in Seoul at the age of 78 after being hospitalized for six years.
Although Samsung Electronics hasn’t revealed the exact cause of his death, Gizguide reported that he had been incapacitated since a heart attack in 2014.
In a press statement, the company announced that Chairman Lee died last October 25 with his family — including Vice Chairman Jay Y. Lee — by his side.
According to Samsung Electronics, Lee was a “true visionary” who transformed the company into the “world-leading innovator” and “industrial powerhouse” from a local business.
The company also said that Lee’s 1993 declaration of ‘New Management’ was the motivating driver of Samsung’s vision to deliver the best technology in order to help advance global society.
“All of us at Samsung will cherish his memory and are grateful for the journey we shared with him. Our deepest sympathies are with his family, relatives, and those nearest. His legacy will be everlasting“, Samsung said in a press statement.
Lee Kun-hee was born in 1942 and was the man who built the company into a global tech giant of televisions, computer chips, home appliances, smartphones, and more since taking the helm at Samsung Group last 1987 following the death of his father.
Lee had pushed the company from being a cheap microwave and television maker to the cornerstone of South Korea’s economy and also one of the world’s top corporate spenders in research and development.
Today, Samsung Electronics sat among the elite list of top tech companies in the world.