Samsung Chairman Lee Kun-hee dies at 78, succession battle may follow

Samsung Group Chairman Lee Kun-hee (78), who built the South Korean firm into a global powerhouse, died on Sunday. The country’s richest man had been vilified for his economic clout, opaque governance and dubious transfers of the family wealth. Lee was a second-gen leader, and may have left a potential thorny succession battle for the third. He owned 20.76% of the insurance firm and 4.18% of Samsung Electronics, as the biggest individual shareholder.

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