BREAKING: Samsung Chairman Lee Kun-hee, one of the world’s richest people, dead at 78


Samsung Electronics Co. Chairman Lee Kun-hee, 78, passed away at a hospital in Seoul on Sunday after being hospitalized for years following a heart attack in 2014, according to Yonhap News Agency.

A statement bythe company says Lee died on Sunday with his family members, including his son and de facto company chief Lee Jae-yong, by his side.

Lee Kun-Hee had been hospitalized for years and the younger Lee has been in charge of company affairs.

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It says “all of us at Samsung will cherish his memory and are grateful for the journey we shared with him.”

From a local business, Lee Kun-Hee had transformed Samsung into the world-leading innovator and industrial powerhouse.

Input from agency

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