Listed Companies Association: "Chairman Lee Kun-hee's Passing, A Great Star of the Korean Economy Has Set"

Chairman Lee Kun-hee of Samsung, who passed away on the 25th at Samsung Medical Center in Irwon-dong, Seoul, presiding over a meeting of the Japanese electronics subgroup presidents in 1997.
[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The Korea Listed Companies Association expressed condolences on the passing of Samsung Chairman Lee Kun-hee.

On the 26th, the association stated regarding Chairman Lee's passing, "We deeply mourn the loss of a great star of the Korean economy."

The association said, "The late Chairman Lee, with the motto 'Change everything except my wife and children,' grew Samsung Group into a global top-tier company based on quality management, greatly contributing to South Korea's rise from traditional industries to a leader in future advanced industries. This was the result of his unique leadership and entrepreneurial spirit, demonstrating bold decisiveness and vision in reading the times."

They continued, "He was a pioneer in capital market development who established shareholder-oriented management, value management, and a merit-based personnel system, setting a new milestone in the history of Korean corporations," adding, "We hope that listed companies in Korea will inherit his will and lead the development of the capital market and the Korean economy in the future."

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