Samsung chairman suffers heart attack

The chairman's condition is stable and he is recovering, Samsung said

Samsung Electronics' 72-year-old chairman Kun-Hee Lee is in a stable condition after suffering a heart attack.

Lee, the son of the group's founder, was admitted to the Samsung Medical Center in Seoul early Sunday morning and is recovering, the company said in an emailed statement. A Samsung spokeswoman said she had no information about how long he was expected to remain in the hospital.

Under Lee's leadership Samsung became one of the biggest electronics companies in the world, making a wide range of products from mobile phones to televisions and washing machines. Though Lee is not much involved in the day-to-day business decisions he is believed to have a final say in big decisions, according to a report by the Wall Street Journal.

Lee's son, Jay Y. Lee, is widely viewed as being groomed to become his successor and lead the company. If he takes over from his father he would be the third generation of the family involved in the company. Kun-Hee Lee took control of the company after his father's death in 1987.

The 45-year-old Jay Y. Lee has been serving Samsung as vice chairman since 2012, and before that he was the company's COO. He is the international face of the company and has been credited with having closed deals with companies such as Apple, the Journal reported.

Jay Y. Lee has also worked in Samsung's corporate strategy office and is said to promote innovation and convergence in the company's semiconductor, telecommunications and electronics divisions. The younger Lee also played a major role in the formation of the S-LCD corporation, a joint venture between Samsung and Sony that manufactures LCD (liquid crystal display) panels.

Samsung recently took steps to help the chairman's son take control of the company, according to the Journal. The company did not say anything about its succession plans.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuespersonnelSamsung ElectronicsLee Kun-Hee

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Loek Essers

IDG News Service
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?