Samsung Chairman Lee Kun-Hee passes away

The chairman of South Korea’s largest conglomerate, Samsung Group, Lee Kun-hee has passed away. Lee helped to transform Samsung from a small trading business to become the world’s largest producer of smartphones and memory chips. The firm’s overall turnover today is equivalent to a fifth of South Korea’s GDP. Lee was also the richest person in South Korea, according to Forbes, with a net worth of nearly $21bn.

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