The Legacy of Great Lee Byung-Chul: A Visionary Entrepreneur


credit: Planet Save

The man responsible for turning Samsung into one of the world's most successful companies has died at the age of 99.

Lee Byung-Chul, who founded the company in 1910 and became its chairman in 1960, died at his home in Suwon, South Korea, of complications from pneumonia, reports the New York Times.

The cause of his death isn't clear, but he had a number of health problems, including a heart condition that prevented him from traveling for several years, the Times notes.

He had a number of nicknames, including "the father of cellphones" and "the founder of South Korea," the Times notes.

"He was known as a visionary leader who became passionate about pushing limits and challenging the status quo because of his unshakable determination to excel and rigorous work ethic, which distinguished him from his contemporaries," according to an introduction to a book on Byung-Chul.

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