Shares of Samsung Electronics and affiliates rise after chairman's death

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The company announced on Sunday that Lee, 78, died with his family by his side, including Vice Chairman Jay Y. Lee, six years after being hospitalized following a heart attack.

The senior Lee is credited with turning Samsung into a global technology and industrial powerhouse when he took over in 1987 after his father, Lee Byung-chul, the founder of the conglomerate, died.Alex Tai | SOPA Images | LightRocket | Getty Images

The senior Lee has been credited with turning Samsung into a global technology and industrial powerhouse. He took over in 1987 after the death of his father, Lee Byung-chul, who founded the conglomerate."His legacy will be everlasting," Samsung said in a statement.Following Lee's health troubles in 2014, his son Jay Y. Lee became the de facto leader of Samsung.

Still, uncertainties remain around Jay Y. Lee as the potential successor because of his ongoing legal troubles.and the scandal triggered the impeachment of former president Park Geun-hye. Reports said the case, being heard on appeal, is set to resume on Monday.

 

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😮😮😮

Tell me there's going to be more opportunities for us at hedge funds n equity firms i like some credit

LoL aint they supposed to plummet?

💀

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