[Chairman Lee Kun-hee Passes Away] KCCI Mourns "A Great Star in Business Who Led Industrial Development"

[Asia Economy Reporter Kiho Sung] The Korea Employers Federation (KEF) expressed deep condolences with respect and admiration on the passing of Lee Kun-hee, Chairman of Samsung Electronics, a great star in the business world who led the development of the country's industry with an indomitable spirit of challenge and strong leadership.

In a statement on the 25th, KEF recalled Chairman Lee's words, "The sovereignty of industry constantly flows. We must not stop challenging (from the foreword of Samsung Electronics' 40-year history)," and commemorated the late chairman by saying, "During his lifetime, Chairman Lee had a great passion for technological advancement and grew Samsung, a small Asian company making black-and-white TVs, into a world-class global leader in the information and communication technology (ICT) industry."

They continued, "In particular, the 'New Management Declaration (Change everything except your wife and children)' in 1993, which everyone remembers, became an opportunity for Samsung to leap forward as a brand recognized worldwide through rigorous quality innovation. Through this, Samsung Electronics was able to establish itself as a representative national company contributing to the nation through exports and job creation."

KEF also stated, "The business community wishes for 'continuous' development for Samsung as it leaps toward becoming a 100-year company after half a century. We will inherit Chairman Lee's entrepreneurial spirit, who presented the direction of the Korean economy with a spirit of challenge and strong leadership in every crisis, and do our best to overcome the current economic crisis and restore economic vitality. We hope Samsung will also strive to lead the Fourth Industrial Revolution era through labor-management harmony and management innovation."

This content was produced with the assistance of AI translation services.