![]() He studied for a masters program in business from the George Washington University in Washington, D.C., but did not get a degree. He went on to get a degree in economics from Waseda University, a private university in Japan. He was the third son of Lee Byung-chul, the founder of the Samsung group, which was set up as an exporter of fruit and dried fish. Lee Kun-hee was born on 9 January 1942 in Daegu, during the Japanese occupation of Korea. Early life Young Lee Kun-hee with his father Lee Byung-chul. In 2014, Lee was named the world's 35th most powerful person and the most powerful Korean by Forbes's list of the world's most powerful people along with his son, Lee Jae-yong. He was convicted twice, once in 1996 and subsequently in 2008, for corruption and tax evasion charges, but was pardoned on both instances. With an estimated net worth of US$21 billion at the time of his death, he was the richest person in South Korea, a position that he had held since 2007. He was the third son of Samsung founder Lee Byung-chul. Since Lee Kun-hee became the chairman of Samsung, the company became the world's largest manufacturer of smartphones, memory chips, and appliances. He is also credited with the transformation of Samsung to one of the world's largest business entities that engages in semiconductors, smartphones, electronics, shipbuilding, construction, and other businesses. Lee Kun-hee ( Korean: 이건희 Hanja: 李健熙, Korean: 9 January 1942 – 25 October 2020) was a South Korean business magnate who served as the chairman of Samsung Group from 1987 to 2008, and again from 2010 until his death in 2020.
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