Samsung boss Li Gon Hi died

Under his leadership, the company grew from a small Korean manufacturer to a large international corporation.

President of concern Samsung Lee Gong Hee passed away on Sunday in Seoul at the age of 78. Bloomberg reported this on Sunday, October 25, citing a statement from the company.

Lee Gong Hee is known to have suffered from health problems after suffering a heart attack in 2014. For the past few years, he has remained the formal director of the company and, in fact, Samsung It is run by his son Li Zhe Yong.

“President Lee was a true visionary, transforming Samsung from a local company to a leading global innovator and industrial giant. His 1993 ‘new management’ declaration was the driving force behind the company’s vision to deliver the better technology for a global society. His legacy will last forever. ” said in a statement Samsung.

Lee Gong Hee was born on January 9, 1942. His father, Lee Byung Chol, was the founder Samsung Group. After his death in 1987, Lee Gong Hee took over the management of the company.

In 1993, Lee Gong Hee began carrying out corporate reforms in Samsung… He called the company “second rate” by world standards and asked all employees to “change everything except the wife and children.”

Under his proposed “new management” concept, subordinates could now point out their superiors about mistakes.

The South Korean prosecutor’s office also suspects that in the course of gaining power over the concern, Lee Jae Young participated in illegal fraudulent mergers within the corporation in order to gain control over Samsung Group.

In addition to Lee Jae Young, Lee Gong Hee is survived by her daughters Lee Boo Jin and Lee So Hyun. Another daughter, Lee Yoon Hyun, committed suicide in 2005.

Korrespondent.net wrote that the Bond actress died. She became a model for the image of the “golden girl” in the action film about British spy James Bond.

News of Correspondent.net on Telegram. Subscribe to our channel https://t.me/korrespondentnet