Samsung Group Chairman Lee Kun-hee dies at age 78.

Samsung Group Chairman Lee Kun-hee dies at age 78.

Lee Kun-hee, the chairman of South Korea's largest conglomerate and tech giant, Samsung Group, has died aged 78.

Mr. Lee helped to grow his father's small trading business into an economic powerhouse, diversifying into areas like insurance and shipping. He transforms Samsung into a global tech giant for Samartphones, Televisions, Computer Chips and during his lifetime, Samsung Electronics also became one of the world's biggest tech firms.

He was the richest person in South Korea, according to Forbes, with a net worth of nearly $21bn (£16bn) in 2020.

Mr. Lee died on Sunday 25 October 2020 with family by his side, but did not state the exact cause of death. A heart attack in 2014 had left him living in care.

Mr. Lee was the third son of Lee Byung-chul, who founded Samsung Group in 1938. He joined the family firm in 1968 and took over as chairman in 1987 after his father's death.

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