Friday, 24 March, 2023

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

<p>Samsung Group Chairman Lee Kun-hee (78), who built the South Korean firm into a global powerhouse, died on Sunday. The country&rsquo;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.</p>