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The chairman of the board of directors of Samsung Electronics passed away
Six years ago, the chairman of the board of directors of Samsung Electronics Lee Kun-hee suffered a heart attack, since then the actual leadership of the Korean concern has passed to his son Lee Jae-yong. 78-year-old Lee Gong-hee spent the last days in the hospital, and today it became known that he passed away.
Image source: Bloomberg
Taking over the reins of the South Korean conglomerate in 1987 after the death of his father, Lee Gong Hee embarked on extensive reforms to improve product quality and production culture. The results of these efforts can be judged at least by the fact that Samsung Electronics regularly challenges the status of the largest semiconductor manufacturer in the fight against Intel, and in the smartphone segment it is the world leader in terms of market share. Perhaps this year, according to IDC, the Korean giant had to give way to Huawei, but US sanctions against its Chinese competitor will quickly restore the status quo.
Lee Gong Hee’s death is announced today by world news outlets. Lee Jae Young, who had been named the heir to his name in recent years, will now take control of the empire created by his grandfather. The late Lee Gong Hee had four children, but Lee Jae Young is the only son, of his three sisters, only two are now alive. In recent years, Lee Jae Young served as vice chairman of the board of directors of Samsung Electronics, carrying out day-to-day management of the corporation. His father was considered one of the richest and most influential people in the world, Lee Gong Hee’s fortune was estimated at $ 20.7 billion.