Lee Kun-hee Seoul/Sputnik/IBNS: Chairman of Samsung Electronics Co. Lee Kun-hee has died at the age of 78, the company said in a statement.
Lee Kun-hee died at a hospital in Seoul on Sunday.
He was hospitalized for years following a heart attack in 2014.
"It is with great sadness that we announce the passing of Kun-hee Lee, Chairman of Samsung Electronics," the company said in a statement.
"Chairman Lee passed away on October 25 with his family, including Vice Chairman Jay Y. Lee, by his side."
"Chairman Lee was a true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse from a local business," the firm said, adding: "His legacy will be everlasting."
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