The Chairman of Samsung Electronics, Lee Kun-Hee, has passed on at the age of 78.
Samsung who announced his death, didn’t reveal what caused it.
Mr. Lee had been incapacitated since a heart attack in 2014.
The company said in a statement;
“It is with great sadness that we announce the passing of Kun-hee Lee, Chairman of Samsung Electronics.
“Chairman Lee passed away on October 25 with his family, including Vice Chairman Jay Y. Lee, by his side.
“Chairman Lee was a true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse from a local business. His legacy will be everlasting.”
When Lee inherited the chairmanship of the Samsung group in 1987 founded by his father as a fish and fruit exporter, it was already the country’s largest conglomerate, with operations ranging from consumer electronics to construction.