Kim Hyun-bin began his journalism career at Arirang TV from 2012 to 2017, specializing in defense, foreign affairs and the economy. In 2018, he joined The Korea Times, covering society and business, and is currently responsible for embassy affairs.
Former Deputy Speaker Lee Sang-deuk dies at 89, remembered as key political figure
Lee Sang-deuk, former deputy speaker at the National Assembly / Yonhap
By Kim Hyun-bin
Lee Sang-deuk, a former deputy speaker of the National Assembly and elder brother of former President Lee Myung-bak, died on Monday due to old age. He was 89.
Born in Yeongil, North Gyeongsang Province, Lee Sang-deuk was a notable figure in Korea's political and economic spheres. After graduating from Seoul National University with a degree in engineering, he embarked on a successful career in business.
Lee joined Kolon Group as a new employee in 1961, swiftly rising through the ranks to become the CEO of Kolon and Kolon Trading Co. in 17 years. He was recognized for his leadership in the textile industry during Korea's rapid industrialization.
Lee's political career began in 1988 when he was elected to the 13th National Assembly with the Democratic Justice Party. He served multiple terms, representing various parties, including the Democratic Liberal Party and the New Korea Party, until the 18th National Assembly. His roles included the deputy speaker of the National Assembly and the chairman of the Finance and Economy Committee.
Known for his crisis management skills, Lee earned the nickname Mr. Crisis Management for his pivotal role in guiding Korea through various national challenges. During the 1998 financial crisis, he was instrumental in passing financial reform laws as the chairman of the National Assembly's Finance and Economy Committee, urging lawmakers to take action for the nation.
His international contributions include highlighting the issues of the early return of wartime operational control during his visit to the United States as deputy speaker in 2006.