<p>South Korea's richest and most powerful industrialist, Lee Kun-hee, turned Samsung Electronics into one of the world's biggest tech companies but lived a reclusive existence.</p>.<p>Still, occasional pronouncements on business by the tycoon, who died at 78 on Sunday, reverberated through the country.</p>.<p>When he inherited the chairmanship of the Samsung group in 1987 -- founded by his father as a fish and fruit exporter -- it was already the country's largest conglomerate, with operations ranging from consumer electronics to construction.</p>.<p>But Lee transformed it into a global power -- by the time he was left bedridden by a heart attack in 2014, it was the world's biggest maker of smartphones and memory chips.</p>.<p>He seldom ventured out from the high walls of his private compound in central Seoul to visit the company headquarters, earning him the nickname "hermit king".</p>.<p>Samsung is by far the biggest of the chaebols, the family-controlled conglomerates that dominate South Korea's economy.</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/samsungs-lee-kun-hee-tainted-titan-who-built-a-global-tech-giant-906671.html" target="_blank">Samsung's Lee Kun-hee: Tainted titan who built a global tech giant</a></strong></p>.<p>They drove the nation's transformation from a war-ravaged ruin to the world's 12th-largest economy, but nowadays are accused of murky political ties and stifling competition -- with Lee himself twice convicted of criminal offences, in one case bribing a president.</p>.<p>Lee's far-sighted leadership style was widely credited with turning Samsung Electronics, now the group's flagship subsidiary, into one of the world's leading developers and producers of semiconductors, mobile phones and LCDs.</p>.<p>Early in Lee's chairmanship, Samsung was seen as a shoddy producer of cheap, low-quality products.</p>.<p>"Let's change everything except our wives and kids," he said in 1993.</p>.<p>The company gathered up and burnt all 150,000 mobile phones it had in stock, paving the way for the rebirth of the highly successful "Anycall" handset.</p>.<p>Soon afterwards, he ordered Chinese-made products to be displayed at Samsung headquarters, saying it was important to show how China was quickly catching up.</p>.<p>Lee rarely spoke to the media, but was closely watched whenever he broke his long silences, often with doom-laden New Year corporate addresses.</p>.<p>In meetings with subordinates and occasional interviews, Lee always stressed the importance of bright minds in business.</p>.<p><strong>Read: <a href="https://www.deccanherald.com/international/samsung-electronics-chairman-lee-kun-hee-passes-away-at-78-906669.html" target="_blank">Samsung Electronics chairman Lee Kun-hee passes away at 78</a></strong></p>.<p>"No matter what happens, there will be nothing to be afraid of if we have the best talent in designing, research and development," he once said.</p>.<p>"In the era of unlimited competition, winning or losing will depend upon a small number of geniuses... One genius will feed 100,000 people."</p>.<p>Lee, the third son of Samsung group founder Lee Byung-chull, had a soft spot for dogs -- developed as a child in Japan where he went to school from age 11.</p>.<p>"My first love was my Pekingese," Lee wrote in a collection of essays published in 1997. "I learned then that an emotional dialogue between a man and a dog was possible."</p>.<p>He was also known for his love of movies, horseriding and exotic supercars.</p>.<p>Lee studied at Japan's prestigious Waseda University and earned an MBA at George Washington University in the United States.</p>.<p>At the age of 36, he became vice-chairman of the group's construction and trading arm, and became group chairman nine years later, shortly after his father's death.</p>.<p>Lee was known for taking months-long trips to Hawaii and Japan before key business decisions, including the promotion of his own son Lee Jae-yong to vice-chairman of Samsung Electronics in 2013.</p>.<p>Big business and political power have often been closely linked in South Korea, and in 1996, Lee Kun-hee was convicted of bribing former president Roh Tae-woo.</p>.<p>While Roh was in office, Lee paid him "a large sum of money in bribes over a long period", the court ruled, seeking favours for Samsung in the president's business policy decisions.</p>.<p>Lee was also found guilty of embezzlement and tax evasion in a slush fund scandal in 2008, which saw him briefly step down from the company leadership.</p>.<p>But suspended sentences meant he never served time in jail and he received two presidential pardons, going on to spearhead his country's successful efforts to secure the 2018 Winter Olympics.</p>.<p>A few years later, he fought off a lawsuit from his older brother and sister claiming they were entitled to Samsung shares worth billions of dollars.</p>.<p>Lee married Hong Ra-hee -- whose father was a justice minister -- with whom he had a son and three daughters, the youngest of them committing suicide in 2005 while a graduate student in New York.</p>.<p>After his heart attack, Lee spent his last years in medical care.</p>.<p>Secretly filmed footage broadcast in 2017 showed him seated in a wheelchair, while other reports said he was in a coma but did not need a ventilator.</p>.<p>Little was ever revealed about his condition, leaving him shrouded in mystery even in his final days.</p>
<p>South Korea's richest and most powerful industrialist, Lee Kun-hee, turned Samsung Electronics into one of the world's biggest tech companies but lived a reclusive existence.</p>.<p>Still, occasional pronouncements on business by the tycoon, who died at 78 on Sunday, reverberated through the country.</p>.<p>When he inherited the chairmanship of the Samsung group in 1987 -- founded by his father as a fish and fruit exporter -- it was already the country's largest conglomerate, with operations ranging from consumer electronics to construction.</p>.<p>But Lee transformed it into a global power -- by the time he was left bedridden by a heart attack in 2014, it was the world's biggest maker of smartphones and memory chips.</p>.<p>He seldom ventured out from the high walls of his private compound in central Seoul to visit the company headquarters, earning him the nickname "hermit king".</p>.<p>Samsung is by far the biggest of the chaebols, the family-controlled conglomerates that dominate South Korea's economy.</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/samsungs-lee-kun-hee-tainted-titan-who-built-a-global-tech-giant-906671.html" target="_blank">Samsung's Lee Kun-hee: Tainted titan who built a global tech giant</a></strong></p>.<p>They drove the nation's transformation from a war-ravaged ruin to the world's 12th-largest economy, but nowadays are accused of murky political ties and stifling competition -- with Lee himself twice convicted of criminal offences, in one case bribing a president.</p>.<p>Lee's far-sighted leadership style was widely credited with turning Samsung Electronics, now the group's flagship subsidiary, into one of the world's leading developers and producers of semiconductors, mobile phones and LCDs.</p>.<p>Early in Lee's chairmanship, Samsung was seen as a shoddy producer of cheap, low-quality products.</p>.<p>"Let's change everything except our wives and kids," he said in 1993.</p>.<p>The company gathered up and burnt all 150,000 mobile phones it had in stock, paving the way for the rebirth of the highly successful "Anycall" handset.</p>.<p>Soon afterwards, he ordered Chinese-made products to be displayed at Samsung headquarters, saying it was important to show how China was quickly catching up.</p>.<p>Lee rarely spoke to the media, but was closely watched whenever he broke his long silences, often with doom-laden New Year corporate addresses.</p>.<p>In meetings with subordinates and occasional interviews, Lee always stressed the importance of bright minds in business.</p>.<p><strong>Read: <a href="https://www.deccanherald.com/international/samsung-electronics-chairman-lee-kun-hee-passes-away-at-78-906669.html" target="_blank">Samsung Electronics chairman Lee Kun-hee passes away at 78</a></strong></p>.<p>"No matter what happens, there will be nothing to be afraid of if we have the best talent in designing, research and development," he once said.</p>.<p>"In the era of unlimited competition, winning or losing will depend upon a small number of geniuses... One genius will feed 100,000 people."</p>.<p>Lee, the third son of Samsung group founder Lee Byung-chull, had a soft spot for dogs -- developed as a child in Japan where he went to school from age 11.</p>.<p>"My first love was my Pekingese," Lee wrote in a collection of essays published in 1997. "I learned then that an emotional dialogue between a man and a dog was possible."</p>.<p>He was also known for his love of movies, horseriding and exotic supercars.</p>.<p>Lee studied at Japan's prestigious Waseda University and earned an MBA at George Washington University in the United States.</p>.<p>At the age of 36, he became vice-chairman of the group's construction and trading arm, and became group chairman nine years later, shortly after his father's death.</p>.<p>Lee was known for taking months-long trips to Hawaii and Japan before key business decisions, including the promotion of his own son Lee Jae-yong to vice-chairman of Samsung Electronics in 2013.</p>.<p>Big business and political power have often been closely linked in South Korea, and in 1996, Lee Kun-hee was convicted of bribing former president Roh Tae-woo.</p>.<p>While Roh was in office, Lee paid him "a large sum of money in bribes over a long period", the court ruled, seeking favours for Samsung in the president's business policy decisions.</p>.<p>Lee was also found guilty of embezzlement and tax evasion in a slush fund scandal in 2008, which saw him briefly step down from the company leadership.</p>.<p>But suspended sentences meant he never served time in jail and he received two presidential pardons, going on to spearhead his country's successful efforts to secure the 2018 Winter Olympics.</p>.<p>A few years later, he fought off a lawsuit from his older brother and sister claiming they were entitled to Samsung shares worth billions of dollars.</p>.<p>Lee married Hong Ra-hee -- whose father was a justice minister -- with whom he had a son and three daughters, the youngest of them committing suicide in 2005 while a graduate student in New York.</p>.<p>After his heart attack, Lee spent his last years in medical care.</p>.<p>Secretly filmed footage broadcast in 2017 showed him seated in a wheelchair, while other reports said he was in a coma but did not need a ventilator.</p>.<p>Little was ever revealed about his condition, leaving him shrouded in mystery even in his final days.</p>