FILE - In this July 6, 2011, file photo, Samsung Chairman Lee Kun-hee, right, greets people from the South Korean delegation in Durban, South Africa, for the 123rd International Olympic Committee (IOC) session that will decide the host city for the 2018 Olympics Winter Games. Lee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics, has died, a Samsung statement said Sunday, Oct. 25, 2020. He was 78. (AP Photo/Schalk van Zuydam, File) (AP)
4 min read . 10:47 AM IST
- Samsung is by far the biggest of the chaebols, the family-controlled conglomerates that dominate South Korea's economy
- Early in Lee Kun-hee's chairmanship, Samsung was seen as a shoddy producer of cheap, low-quality products.