2nd Anniversary of Late Lee Kun-hee... Vice Chairman Lee Jae-yong Attends Quiet Memorial Ceremony

Private Memorial Service Held on the Morning of the 25th with Family and Executives Attending

Vice Chairman Lee Jae-yong of Samsung Electronics and the bereaved family members are attending the first anniversary memorial service of the late Lee Kun-hee, Chairman of Samsung Group, held on the 25th at the ancestral grave in Suwon, Gyeonggi Province. / Suwon - Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Park Sun-mi] On the 25th, a private memorial service will be held at the family burial site in Suwon to mark the 2nd anniversary of the passing of the late Lee Kun-hee, Chairman of Samsung Group.

According to business circles, Samsung Electronics Vice Chairman Lee Jae-yong is expected to attend the private memorial service held at the family burial site in Suwon on the morning of the same day. Without any separate memorial events, only a quiet private memorial service will be held, and similar to the first anniversary, family members including Vice Chairman Lee, former Leeum Museum Director Hong Ra-hee, Hotel Shilla President Lee Boo-jin, Samsung Welfare Foundation Chairperson Lee Seo-hyun, and some executives are expected to attend the service.

An online memorial hall will be opened on Samsung Group’s internal blog so that employees can pay their respects to the late Chairman Lee.

The late Chairman Lee passed away at Samsung Medical Center on October 25, 2020, at the age of 78. He collapsed from acute myocardial infarction at his home in Itaewon-dong in May 2014 and was hospitalized for six years and five months before passing away. Since 2014, Vice Chairman Lee has led Samsung while maintaining the title of 'Vice Chairman,' effectively acting as the head of the group.

This week is expected to be a meaningful one for Samsung as it lays the foundation to start the 'New Samsung.' After the memorial service on the 25th, Samsung Electronics will hold a regular board meeting early in the morning on the 27th to approve the third-quarter financial statements and dividends, as well as discuss various company issues. With Samsung Electronics’ founding anniversary on November 1 approaching, it is known that the final procedures for Vice Chairman Lee’s promotion to Chairman will be carried out.

On the 19th of next month, a memorial service will be held for Ho-Am Lee Byung-chul, Samsung’s founder and former chairman, marking the 35th anniversary of his passing. Following that, a regular personnel reshuffle aligned with the 'New Samsung' vision is scheduled for December.

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