Lee Kun Hee, chairman of Samsung, dies aged 78

Lee Kun Hee, the chairman of the telecommunications giant Samsung, died in a Seoul hospital on Sunday at age 78, the South Korean firm confirmed.He was hospitalized after a heart attack six years ago and had been bedridden ever since, according to Yonhap news agency, which cited unnamed sources as saying he had been stable and could breathe without medical instruments but never fully recovered.Lee had been South Korea’s richest man since 2009, according to Forbes magazine, which estimates his worth at 20 billion dollars.Born in 1942 as the third son of Samsung founder Lee Byung Chul, Lee took …

Read More

HEDGE accordingly