Samsung chairman passes away at 78 with a legacy of success and corruption

The man behind the forceful global rise of Samsung passes away at 78.

What you need to know

Samsung Group has announced that Lee Kun-hee died on October 25, 2020.
Lee played a significant role in the global rise of Samsung, however, he was also a controversial figure due to multiple accounts of corruption.
Lee's son and current vice-chairman, Lee Jae-yong, is most likely to be named the successor.

On October 25, Samsung Group announced that Samsung's long-time chairman, Lee Kun-hee, died at 78, with family by his side.

While the company has not confirmed the exact cause of death, Lee has had a long history of heart problems. Notably, he had to be hospitalized for years after experiencing a heart attack in 2014.

As Samsung chairman since 1987, Lee led the company in its meteoric rise to becoming a global powerhouse. During his tenure, Samsung heavily invested in R&D and changed its entire product line. From the 1980s to the early 2000s, the company transitioned from being an affordable TV and appliance brand to being one of the top manufacturers in semiconductors and display technologies.

From then on, Samsung has been recognized as a leading brand across multiple industry verticals. Most notably, the company has been the world's largest phone manufacturer, with wildly successful product lines including the Galaxy series.

Samsung's growth under Lee is undeniable, though it's not without controversy. In 1995, Lee was found guilty of bribing the country's President, Roh Tae-woo. Over a decade later, in 2008, he was found guilty of tax evasion and accused of massive corruption and further tampering of the South Korean government. Samsung is one of Korea's biggest companies, and the largest of the family-run chaebols, which are comprised of Samsung, LG, Hyundai, SK and Lotte.

Lee's son and Samsung vice-chairman, Lee Jae-yong is expected to be named successor, but he has his own history with law-breaking. Lee Jae-yong spent almost a year in prison after being found guilty on multiple charges of bribery and corruption connected to the now-removed President Park Geun-hye.

In 2020, Samsung continues to thrive as the global conglomerate it is today, and Lee Kun-hee's involvement cannot be understated, in both good ways and bad.

Samsung Galaxy Note20 Ultra 5G

$1300 at Best Buy

With a beautiful 6.9-inch AMOLED 120Hz display, a triple camera system with a 108MP wide-angle lens, and a deeply-integrated S Pen experience, the Samsung Galaxy Note20 Ultra is the most advanced (non-folding) phone you can buy in 2020.

Source: androidcentral

The hidden cost of food delivery

Noah Lichtenstein Contributor Share on Twitter Noah Lichtenstein is the founder and managing partner of Crossover , a diversified private technology fund backed by institutional investors, technology execs and professional athletes and entertainers. More posts by this contributor What Studying Students Teaches Us About Great Apps I’ll admit it: When it comes to food, I’m lazy. There are dozens of great dining options within a few blocks of my home, yet I still end up ordering food through delivery apps four or five times per week. With the growing coronavirus pandemic closing restaurants and consumers self-isolating, it is likely we will see a spike in food delivery much like the 20% jump China reported during the peak of its crisis. With the food delivery sector rocketing toward a projected $365 billion by the end of the decade, I’m clearly not the only one turning to delivery apps even before the pandemic hit. Thanks to technology (and VC funding) we can get a ri

Cyber Monday Canada: Last-minute deals for everyone on your list

Best Cyber Monday Canada deals: Smart Home Audio Phones, Tablets & Accessories Wearables Laptops & PC Components Amazon products Gaming Televisions Cameras Lifestyle & Kitchen Toys & Kids Cyber Monday Canada is here, and retailers are rolling out the red carpet for customers who want to shop for everything from tech to kitchenware to games and everything in between. Unlike years past, Cyber Monday Canada deals look a bit different than normal. Instead of retailers trying to pack their stores with as many shoppers as possible, we're seeing tons of online deals that you can take advantage of from the comfort of your home. We've rounded up our favorites below, so feel free to browse through the best of what Canada Cyber Monday has to offer! This list is being updated with new Cyber Monday deals all the time, so check back often. Spotlight deals It's a Switch Nintendo Switch Fortnite Edition bundle $399.95 at Amazon It's a Switch.

iPhone 13 Pro vs. iPhone 15 Pro Buyer's Guide: 50+ Differences Compared

The iPhone 15 Pro brings over 50 new features and improvements to Apple's high-end smartphones compared to the iPhone 13 Pro, which was released two years prior. This buyer's guide breaks down every major difference you should be aware of between the two generations and helps you to decide whether it's worth upgrading. The ‌iPhone 13‌ Pro debuted in 2021, introducing a brighter display with ProMotion technology for refresh rates up to 120Hz, the A15 Bionic chip, a telephoto camera with 3x optical zoom, Macro photography and photographic styles, Cinematic mode for recording videos with shallow depth of field, ProRes video recording, a 1TB storage option, and five hours of additional battery life. The ‌iPhone 13‌ Pro was discontinued upon the announcement of the iPhone 14 Pro in 2022, but it is still possible to get hold of it second-hand. Our guide helps to answer the question of how to decide which of these two iPhone models is best for you and serves as a way to c

Slack’s new integration deal with AWS could also be about tweaking Microsoft

Slack and Amazon announced a big integration late yesterday afternoon. As part of the deal, Slack will use Amazon Chime for its call feature, while reiterating its commitment to use AWS as its preferred cloud provider to run its infrastructure. At the same time, AWS has agreed to use Slack for internal communications. Make no mistake, this is a big deal as the SaaS communications tool increases its ties with AWS, but this agreement could also be about slighting Microsoft and its rival Teams product by making a deal with a cloud rival. In the past Slack CEO Stewart Butterfield has had choice words for Microsoft saying the Redmond technology giant sees his company as an “existential threat.” Whether that’s true or not — Teams is but one piece of a huge technology company — it’s impossible not to look at the deal in this context. Aligning more deeply with AWS sends a message to Microsoft, whose Azure infrastructure services compete with AWS. Butterfield didn’t say that of course

Tech Talk

Search This Blog