Lee transformed Samsung into world's tech giant
'Change everything except your wife and children'By Park Jae-hyukThe late Samsung Group Chairman Lee Kun-hee, who died at the age of 78, Sunday, has been most recognized for his opinions on the effects of crisis on a company and his pursuit of innovation, which enabled the chaebol to transform into a world-leading company in the memory chip, digital television and mobile phone sectors.After succeeding his father as chairman in 1987, he increased the group's revenue from 9.9 trillion won ($8.7 billion) to 400 trillion won in 2014, at the time of his hospitalization.“Spearheading Samsung's second foundation, I will do my best to fulfill my duties,” the chairman said at a ceremony marking his takeover of the firm. “With future-oriented and venturous management, I will grow Samsung into a world-class company.”His strategic mindset as an entrepreneur was proven even before he was appointed as chairman.When he was director of broadcaster TBC in 1974, he acquired Korea Semiconductor with his own assets despite the opposition of his father, Samsung founder Lee Byung-c
Oct 25, 2020By Park Jae-hyuk