Ailing Samsung Electronics chief Lee Kun-Hee dies

Samsung says Lee Kun-Hee, the ailing chairman of Samsung Electronics, has died

Lee Kun-Hee had been hospitalized for years and the younger Lee has been in charge of company affairs.

It says “all of us at Samsung will cherish his memory and are grateful for the journey we shared with him.”

From a local business, Lee Kun-Hee had transformed Samsung into the world-leading innovator and industrial powerhouse.