Samsung chairman Lee dies after long illness

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Monday 26 October 2020 | 08:56 CET

Samsung Group announced the death of its chairman Lee Kun-hee at the age of 78, after several years of illness following a heart attack in 2014. He led the company’s transformation into a global electronics giant, after taking over in 1987 from his father who founded the company. 

Samsung is the largest of the South Korean ‘chaebols’, the family-run conglomerates that dominate the economy in the country. Lee led Samsung’s expansion to become the world’s top smartphone and memory chip maker and a global leader in displays and other electronics. 

This was not without controversy though, including a conviction for bribing a South Korea president and legal investigations into corporate restructurings at Samsung thought to have favoured his son Lee Jae-yong, also known as Jay Y Lee. The latter served as vice chair and is expected to take up the reins to the lead company, but was forced to step down from the board last year in order to face a retrial of bribery charges, after earlier winning an appeal in the case. 

In March, Samsung appointed its first independent chairman, the former Korean finance minister Jae-Wan Bahk. 

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Engr. OluKayode Adedayo is an engineer with many years of experience in the information Technology and Telecommunications field though he read electrical engineering and started off with electrical engineering building services design consultancy before focusing on Information and Communication Technology which was his passion. He graduated from the University of Ilorin; Kwara State in 1992/93 He is a Chief Ideas Technocrat and Visionary with great ideas and a solutions consultant in ICT and e-governance. He was a Consultant in the audit of core engineering assets of the Liquidation of Nitel/Mtel He was international startup partner to a top Wireless Service Assurance OEM tool company and a few other companies always trying to bridge the technological gap between developed countries and Nigeria by partnering with cutting edge companies. He was involved in engineering business development between Huawei & MTN. He developed the first Pinging software with MS-DOS 6.22 used in CBCLN bank in 1998. He is a also a certified professional of a UK Project Management Institute. Presently he is researching new solutions that can be developed and used to ease day to day problems from RMS, Man to Machine, V2X, IoT, AI, TeleMed and some few other emerging technologies. He created an ICT Pro-Social Network Blog ( including 3 other blog for 3other sectors) with generating advertising revenue and owns many group for promoting ICT Business and careers and members and visitors are from worldwide on the site and LinkedIn. He is a Corporate Member of the Nigerian Society of Engineers. CNSE He is married and blessed with three children.
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