Samsung chairman Lee Kun-hee passes away at 78

Seoul: Lee Kun-hee, the Chairman of South Korea’s tech giant Samsung Electronics, died at the age of 78 here Sunday, according to a statement released by the company.

Lee transformed Samsung into a world-leading innovator and industrial powerhouse from a local business, Xinhua news agency quoted the statement as saying.

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“Our deepest sympathies are with his family, relatives and those nearest. His legacy will be everlasting,” it added.

Lee, the son of Samsung Group’s founder Lee Byung-chul, was born in Uiryeong county in South Gyeongsang province of South Korea on January 9, 1942.

In 2014, Lee suffered a heart attack and had since remained hospitalized.

IANS