Lee Kun-hee, a leading figure in the South Korean business world, passed away on October 25th, 2020 at the age of 78. He was the chairman of Samsung Group, one of the largest and most influential conglomerates in the world. Lee was born on January 9th, 1942 in Uiryeong, South Korea. After studying economics at Waseda University in Japan, he joined Samsung in 1968 as a vice president. Under his leadership, the company evolved into a global powerhouse, with a diverse range of products including electronics, construction, and insurance. He is credited with transforming Samsung from a local business into a major player on the global stage. Lee was a visionary leader and was known for his groundbreaking business strategies and bold decisions. He introduced the concept of "New Management" at Samsung in the early 1990s, which aimed to promote innovation, quality, and global competitiveness. He also played a key role in expanding the company's presence in international markets, making Samsung a household name worldwide. Despite his success, Lee faced several challenges during his tenure. In 2008, he was convicted of tax evasion and breach of trust, which led to his resignation as chairman. However, he returned to his position in 2010 after receiving a presidential pardon. Lee's contributions to the business world were recognized globally, and he received numerous awards and honors, including the Korean Order of Industrial Service Merit in 2005. He also served as the chairman of the International Olympics Committee marketing commission from 1996 to 2017. Beyond his business achievements, Lee was also known for his philanthropy and social responsibility. He founded the Samsung Medical Center and the Samsung Cultural Foundation, and supported various educational and cultural initiatives in South Korea. Lee Kun-hee's passing is a significant loss for the business community and the country of South Korea. His legacy will continue to inspire future generations and his impact on the global business landscape will be remembered for years to come. He is survived by his wife, son, and daughters.