Lee Kun-hee, Chairman of the Samsung Group from 1987–2008 and 2010–2020, passed away on 25 October 2020. He was 78.
Mr Lee became a well-known figure in equestrian sport with Samsung Electronics’ loyal support for Jumping through its sponsorship of the FEI Nations Cup™, which became known as the Samsung Super League between 2003 and 2008. This series saw the world’s eight best national teams battling it out at eight of the most prestigious equestrian venues.
Samsung was also a great supporter of the Olympic Movement, dating back to 1988 when the company became local sponsor of the Seoul Olympic Games and going on to become a Worldwide Olympic Partner and subsequently Top Partner with the International Olympic Committee (IOC), a partnership that is still in place today.
Born in January 1942, he was the third son of Samsung Group's founder Lee Byung-chull. Lee Kun-hee joined the then small family firm in 1968 as executive director and took the helm as Chairman in 1987, following his father’s death. Mr Lee was a true visionary, who pushed the company up the technological ladder, making Samsung a world-leading innovator and Samsung Electronics one of the world’s biggest tech firms.
Mr Lee was elected an IOC Member in 1996 and was made an Honorary Member in 2017. He occupied a number of distinguished positions in the Republic of Korea, including Vice-Chairman of the Federation of Korean Industries from 1987, Vice-Chairman of the Korea-Japan Economic Committee from 1981, member of the Korea-US Wisemen Council from 1991, Director of the Korean Youth Association (since 1982), and Vice-Chairman of the Korean Alumni Reunion of Waseda University from 1997.
Mr Lee suffered a heart attack in 2014, requiring long-term medical care and meaning that his son Lee Jae-yong took over as de facto leader of the multinational giant.
“We were very sorry to hear of the passing of Mr Lee, who was such as strong supporter of sport, including equestrian”, said FEI President Ingmar De Vos. “His sponsorship of our Nations Cup, which then became known as the Samsung Super League, contributed immensely to the evolution of this prestigious series and for this we owe him an enormous debt of gratitude. He leaves a huge legacy behind.”
The FEI extends its deepest sympathy to Mr Lee’s family and to his wide circle of friends.