Lee Byung-chul: Difference between revisions

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== Personal life ==
== Personal life ==
=== Death ===
=== Death ===
After his death, [[Ho-Am Art Museum]] was opened to the public for tours. His collection of [[Korean art]] is considered one of the largest private collections in the country, featuring a number of art objects that have been designated "[[National treasure|National Treasures]]" by the Korean government.<ref name="Everland">[http://hoam.samsungfoundation.org/eng/info/main.html Ho Am Art Museum, "Official Web Site"] {{webarchive|url=https://web.archive.org/web/20110821021933/http://hoam.samsungfoundation.org/eng/info/main.html|date=21 August 2011}}</ref>{{promotional source|date=April 2022}} Ho-Am is located a short distance from the [[Everland]] park, one of South Korea's popular amusement parks (Everland is also owned by the Samsung Group).
After his death, [[Ho-Am Art Museum]] was opened to the public for tours. His collection of [[Korean art]] is considered one of the largest private collections in the country, featuring a number of art objects that have been designated "[[National treasure|National Treasures]]" by the Korean government.<ref name="Everland">[http://hoam.samsungfoundation.org/eng/info/main.html Ho Am Art Museum, "Official Web Site"] {{webarchive|url=https://web.archive.org/web/20110821021933/http://hoam.samsungfoundation.org/eng/info/main.html|date=21 August 2011}}</ref>{{promotional source|date=April 2022}} Ho-Am is located a short distance from the [[Everland]] park, one of South Korea's popular amusement parks (Everland is also owned by the Samsung Group). He died in 1987 in Seoul South Korea


== Family tree ==
== Family tree ==

Latest revision as of 02:53, 14 June 2025

Template:Short description Script error: No such module "For". Template:Use dmy dates Template:Expand Korean Template:Family name hatnote Script error: No such module "infobox".Script error: No such module "Check for unknown parameters".Template:Main otherScript error: No such module "Check for clobbered parameters".Template:Wikidata image Lee Byung-chul (Korean: Script error: No such module "Lang".Template:Category handler; 12 February 1910 – 19 November 1987[1]) was a South Korean businessman who founded the Samsung Group, the country's largest chaebol (conglomerate). Lee founded Samsung in 1938, at the age of 28.[2] He is recognized as the most successful business magnate in South Korea's history.

Early life and education

Lee was born on 12 February 1910 in Uiryeong County, South Gyeongsang Province, then part of the Korean Empire. He was born the youngest son of four siblings to father Lee Chan-woo and mother Kwon Jae-lim.[3] He was the son of a wealthy land-owning yangban family, a branch of the Gyeongju Lee clan.[4]

He attended high school at Joongdong High School in Seoul, and in 1929, he enrolled in the Department of Political Economy at Waseda University in Tokyo but didn't finish his studies and decided to drop out in 1931.[5][6]

In 1982, Lee was awarded an honorary doctorate from Boston College.[7]

Career

Samsung

Lee established a trucking business and real estate business in Daegu on 1 March 1938,[8] which he named Samsung Trading Co, the forerunner to Samsung. Samsung means (Korean: Script error: No such module "Lang".; lit. Three StarsTemplate:Category handler) which explains the initial corporate logos.

By 1945, Samsung was transporting goods throughout Korea and to other countries. The company was based in Seoul by 1947.[9]

Korean War

Samsung was one of the ten largest "trading companies" when the Korean War started in 1950.[10]

With the conquest of Seoul by the North Korean army, Lee was forced to relocate his business to Busan. The massive influx of U.S. troops and equipment into Busan over the next year and a half of the war proved to be highly beneficial to Lee's trading company.[10]

File:李健熙和父亲李秉喆.jpg
Lee (left) and his son Lee Kun-hee (right) in 1950

Federation of Korean Industries

In 1961, when Park Chung Hee seized power in the May 16 coup, Lee was in Japan and for some time he did not return to South Korea. Eventually, a deal was struck and Lee returned but Samsung had to give up control over the banks it acquired and follow economic directives from Park's government.[10]

The first step of the Federation of Korean Industries was established in August 1961. The association was founded by Samsung Group chairman Lee Byung-chul.

Later in life, Lee served as chairman of the Federation of Korean Industries and was known as the richest man in Korea.[11]Script error: No such module "Unsubst".

Cultural and art

In 1965, he established the Samsung Culture Foundation[12] to promote a broad range of programs to enrich Korean cultural life.[13]

Samsung Electronics

In 1969, Samsung Electronics Manufacturing (renamed Samsung Electronics) and later merged with Samsung-Sanyo Electric.[14] Samsung Electronics Manufacturing had 45 employees and about Template:USD sales in 1970 and it made household electronics exclusively.[14]

Personal life

Death

After his death, Ho-Am Art Museum was opened to the public for tours. His collection of Korean art is considered one of the largest private collections in the country, featuring a number of art objects that have been designated "National Treasures" by the Korean government.[15]Template:Promotional source Ho-Am is located a short distance from the Everland park, one of South Korea's popular amusement parks (Everland is also owned by the Samsung Group). He died in 1987 in Seoul South Korea

Family tree

Lee's family tree

Source:[16]

Lee's children with Template:Ill

  1. 1st daughter: Template:Ill, The founder of Hansol and spouse of its former chairman, Dr. Cho Wan-hae, M.D
  2. 1st son: Template:IllScript error: No such module "Unsubst"., Founder of CJ Group (in which he lost the lawsuitTemplate:Which alongside Lee Kun-hee), father of current CJ Group chairman Lee Jay-hyun[17]
  3. 2nd son: Template:Ill, Founder of Saehan[18]
  4. 2nd daughter: Lee Suk-hee, spouse of LG board director Koo Cha-hak, younger brother of the emeritus chairman, Koo Cha-kyung and paternal uncle of the former deceased chairman, Koo Bon-moo
  5. 3rd daughter: Lee Soon-hee
  6. 4th daughter: Lee Deok-hee, widow of Lee Jeong-gi
  7. 3rd son: Lee Kun-hee, 2nd chairman of Samsung, father of 3rd and present Samsung chairman Lee Jae-yong and Hotel Shilla president Lee Boo-jin
  8. 5th daughter: Lee Myung-hee, spouse of Chung Jae-eun, chairwoman of Shinsegae group and mother of Chung Yong-jin.[18]

Lee's children with Kuroda

  1. 4th son: Lee Tae-whi
  2. 6th daughter: Lee Hye-ja

References

Template:Reflist

Template:S-busTemplate:S-endTemplate:SamsungScript error: No such module "Navbox".Template:Authority controlTemplate:Sister project
Preceded byTemplate:S-bef/check Chairman of the Board of the Samsung Group
March 1938 – December 1987 Template:S-ttl/check 		Template:S-aft/check Succeeded by
  1. ↑ Script error: No such module "citation/CS1".
  2. ↑ Script error: No such module "citation/CS1".
  3. ↑ Script error: No such module "citation/CS1".
  4. ↑ Script error: No such module "citation/CS1".
  5. ↑ Script error: No such module "citation/CS1".
  6. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named chosun
  7. ↑ Script error: No such module "citation/CS1".
  8. ↑ Script error: No such module "citation/CS1".
  9. ↑ Script error: No such module "citation/CS1".
  10. ↑ a b c Watkins, Thaer, "The Chaebol of South Korea", Website, downloaded 22 July 2011, [1] Template:Webarchive
  11. ↑ "Samsung's development in chronological order"
  12. ↑ Script error: No such module "citation/CS1".
  13. ↑ Script error: No such module "citation/CS1".
  14. ↑ a b Script error: No such module "citation/CS1".
  15. ↑ Ho Am Art Museum, "Official Web Site" Template:Webarchive
  16. ↑ Script error: No such module "citation/CS1".
  17. ↑ Script error: No such module "citation/CS1".
  18. ↑ a b Script error: No such module "citation/CS1".
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