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Lee Gun-hee, chairman of South Korea’s Samsung Group, dies at 78

Samsung Electronics | 26/10/2020
South Korea's Samsung Group Chairman Lee Jianxi died of illness in Seoul on the 25th at the age of 78. Li Jianxi is the third son of Samsung founder Li Bingzhe. Since 1987, he has succeeded Li Bingzhe who died and became the second chairman of the Samsung Group. Under his leadership, Samsung has grown into South Korea's largest family business and "Big Mac" economy. He himself has even been called South Korea's "Economic President".



In 2014, Li Jianxi suffered a heart attack at home and has been treated in the hospital since then. His only son, Lee Jae-yong, became the actual controller of the Samsung Group.


Li Jianxi was born in 1942. After the death of his father, Samsung Group founder Li Bingzhe, he became the second chairman of Samsung Group in 1987.


Six years ago, Lee Kin-hee fell at his home in Yiwon-dong, Seoul due to acute myocardial infarction in May 2014. Later, he underwent cardiopulmonary resuscitation (CPR) at Sunchun University Seoul Hospital near his home, and was later transferred to Samsung Seoul Hospital for heart stent surgery.


At that time, neither the Samsung Group nor the hospital refused to disclose more details of the treatment, and it was this cover-up that caused the Korean media to start discussing Li Jianxi's successor.


Li Jianxi has three daughters and one son: the eldest daughter Li Fuzhen is now the president of the Shilla Hotel, the second daughter Li Xuxian is the president of Samsung Everland Apparel Division, the youngest daughter Li Yunxin committed suicide in the United States in 2005, and his only son, Lee Jae-yong, is the deputy of Samsung Group. The chairman is the actual controller of the group.


On July 9, Forbes released the 2020 South Korean Rich List, which showed that Samsung Chairman Lee Kin-hee had a fortune of $17.3 billion; his son, Samsung Vice President Lee Jae-yong, had a fortune of $6.7 billion, ranking fourth.



As the chairman of Korea's top chaebol, Lee Jianxi was taken to the hospital after a heart attack at his home in downtown Seoul on May 10, 2014. He was sent to Samsung Medical Center for stent placement surgery, and has been living in a dedicated area of ​​the hospital for treatment.


Li Jianxi, the former chairman of South Korea's Samsung Group, a well-known entrepreneur, is the third son of the founder of Samsung Group Lee Bingzhe, and the richest man in South Korea. Born in Uiryeong County, South Gyeongsang Province, South Korea. In 1965, he graduated from the Economics Department of Waseda University, the first private institution in Japan. In 1966, he completed the Master of Business Administration program at George Washington University in the United States. In 2000, he became an honorary doctor of business administration at Seoul National University. He transformed Samsung Electronics from a low-quality mass manufacturer into Asia's most valuable technology company. On April 6, 2020, Li Jianxi ranked 97th in the "Hurun Global Top 100 Entrepreneurs" with a fortune of RMB 92 billion. He is now the richest man in South Korea.


In the Forbes 2020 list of the richest in South Korea released on July 9, Samsung's chairman Lee Kin-hee ranked first with a wealth of US$17.3 billion, and his son, Samsung’s vice chairman Lee Jae-yong, ranked fourth with a wealth of US$6.7 billion.
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