SEOUL: Samsung Electronics chairman Lee Kun-hee died at the age of 78 on Sunday , the company said.
"Chairman Lee passed away on Oct 25 with his family, including Vice Chairman Jay Y Lee, by his side." Samsung is by far the biggest of the family-controlled conglomerates, or chaebols, that dominate business in South Korea, the world's 12th-largest economy.The company's overall turnover is equivalent to a fifth of the nation's gross domestic product, making it crucial to South Korea's economic health.
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