:strip_icc()/i.s3.glbimg.com/v1/AUTH_59edd422c0c84a879bd37670ae4f538a/internal_photos/bs/2020/V/H/23YlemTGAvfnh0RFFJ8A/2020-10-25t012726z-342982020-rc2dpj9z6c9z-rtrmadp-3-samsung-electronics-chairman.jpg)
[ad_1]
O president of Samsung technology push, Lee Kun-hee, died at the age of 78 on Sunday (25) (local time), the South Korean company said.
According to a statement, Lee, who was already hospitalized in Seoul, spent the last moments with family members, including his son Lee Jae-yong, who, with his father’s illness, leads Samsung.
The cause of death is unknown.. He was hospitalized in Seoul in May 2014, when he suffered a heart attack. Later, Lee received a procedure to prevent the generation of toxic material in the blood vessels by slowing down the metabolism. In the 1990s, the mogul recovered from lung cancer.
“Everyone at Samsung will celebrate his memory and we are grateful for the journey we shared with him,” the text says.
Company growth and legal problems
Born in 1942, Lee helped transform his father’s small business, Lee Byung-chull, into the largest conglomerate in South Korea. Since taking over the leadership of the company in 1987, he has followed Samsung’s transition from a television manufacturer to the largest producer of smartphones and memory chips.
With that, the tycoon became the richest man in South Korea, with an estimated fortune of 20.7 billion dollars, according to Bloomberg.
Lee also became involved in legal problems related to bribery payments to former presidents. One of them, Lee Myung-bak, who ruled South Korea between 2008 and 2013, was sentenced in 2018 to 15 years in prison for accepting $ 5.4 million in bribes from Samsung to pardon the company’s boss for evasion. fiscal. taxes.
One of Lee Kun-hee’s sons, Lee Jae-yong took control of the company without his father leaving the presidency due to illness and also got into trouble in court. The heir was sentenced in 2017 to 5 years in prison for paying bribes to another former president, Park Geun-hye, who was charged. He was released from jail the following year.
Lee’s relationships with the South Korean powerhouse have made Samsung one of the biggest drivers of economic development in the Asian country: the technology company alone accounts for 20% of the capital in Korea’s largest stock exchange. from the south.
G1’s most viewed VIDEOS in the last 7 days
