Samsung’s founder and longtime CEO passed away 25 October 2020 years of age 78 years. The legend, because it can be called the entrepreneur who built the Korean economic power from scratch, was a controversial figure. The conflict with the law related to corruption and tax evasion ended with a pardon, but the crack in the image remained. Nevertheless, Lee Kun-hee has established himself as the richest citizen of South Korea. This, of course, is not all. The business of the entire Samsung group was responsible for approximately 20 percent. Country’s GDP. This is a good time to recall the most important moments in the life of the creator of one of the most recognized brands operating globally.

Lee Kun-hee, the founder of Samsung, passed away 25 October 2020 of the year. The long-time president of the company passed away at the age of 78. What does this mean for the future of the concern?

Korea.net / Korean Culture and Information Service

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We don’t know the exact cause of Lee Kun-hee’s death. Nevertheless, after having had a heart attack in 2014, his health deteriorated so much that he almost retired from the practical management function of the company. The company was handled by Lee Jae-yong, who in recent years has led the brand to successive successes. So there is no concern as to whether Samsung will cope with the challenges without Lee Kun-hee and maintain its position as one of the most powerful companies in the world and the largest company on the domestic market. Let’s go back to the long-time president of Samsung Group, who in 1938 founded the company.

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W 1993 of the year, Lee Kun-hee undertook restructuring measures related to the new management at Samsung, which led the company to success. Today Samsung is famous for the production of TV sets and smartphones, but it marks its presence in almost every segment of the consumer electronics market. Well, the concern is also quite efficient in the market of processors for mobile devices. Of course, the past years, due to the health of the long-term president and his collision with the letter of the law, the actual rule in Samsung was exercised by his son – Lee Jae-yong. As you can see, both the company I