Late Samsung chief laid to rest

Lee Kun-Hee died at the weekend after being bed-ridden for six years following a heart attack.

SEOUL: South Korea’s richest and most powerful industrialist, Lee Kun-hee, who turned Samsung Electronics into one of the world’s biggest tech companies, was buried Wednesday following his death at the weekend.

Lee died at the age of 78 on Sunday, six years after being left bedridden by a heart attack.

Under his leadership, Samsung became the world’s largest producer of smartphones and memory chips, and the firm’s overall turnover today is equivalent to a fifth of South Korea’s gross domestic product.

It is by far the largest of the chaebols, the sprawling family-controlled conglomerates that dominate business in the country.

As well as his son and heir Lee Jae-yong, the Samsung Electronics vice-chairman, who…

Read more…