Samsung Electronics’ press office released the following statement:
“It is with great sadness that we announce the passing of Kun-Hee Lee, Chairman of Samsung Electronics. Chairman Lee passed away on October 25 with his family, including Vice Chairman Jay Y. Lee, by his side. “Chairman Lee was a true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse from a local business.
“His 1993 declaration of ‘New Management’ was the motivating driver of the company’s vision to deliver the best technology to help advance global society.“Our deepest sympathies are with his family, relatives and those nearest. His legacy will be everlasting.”
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