A Samsung statement said Lee died on Sunday with his family members, including his son and de facto company chief Lee Jae-yong, by his side.
Samsung helped make the nation's economy, Asia's fourth-largest. Its businesses encompass shipbuilding, life insurance, construction, hotels, amusement park operation and more. Samsung Electronics alone accounts for 20% of the market capital on South Korea's main stock market. The late Lee was a stern, terse leader who focused on big-picture strategies, leaving details and daily management to executives.
When Lee Kun-Hee inherited control from his father in 1987, Samsung was relying on Japanese technology to produce TVs and was making its first steps into exporting microwaves and refrigerators.
Source: Entertainment Trends (entertainmenttrends.net)
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