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Lee Byung-chul (Korean: 이병철 12 February 1910 – 19 November 1987) was a South Korean businessman.[1][2] He was the founder of the Samsung Group, which is South Korea's largest chaebol,[3] and he is considered one of South Korea's most successful businessmen. He was a pioneer of modern entrepreneurship and was a beacon of national economic development for South Korea.[4][promotional source?]
Byung-chul was the youngest son of four siblings to father Lee Chan-woo and mother Kwon Jae-lim.[5] Byung-chul was the son of a wealthy land-owning yangban family (a branch of the Gyeongju Lee clan).[failed verification] He attended highschool at Joongdong High School in Seoul, and then college at Waseda University in Tokyo but did not complete his degree.[6]
Korean art collection
After his death, Byung-chul's estate (Ho-Am) was opened to the public for tours. His collection of Korean art is considered one of the largest private collections in the country, featuring a number of art objects that have been designated "National Treasures" by the Korean government.[7][promotional source?] Ho-Am is located a short distance from the Everland park, one of South Korea's popular amusement parks (Everland is also owned by the Samsung Group).[citation needed]
Lee Byung Chul (12 February 1910 ~ 19 November 1987) – 1st chairman of Samsung.
1st wife: Park Du-eul (8 November 1907 ~ 3 January 2000)
1st daughter: Lee In-hee (30 January 1929 ~ 30 January 2019) – The founder of Hansol and spouse of its former chairman, Dr. Cho Wan-hae, M.D. (5 August 1925 ~ 1 March 2019).
1st son: Lee Maeng-hee (20 June 1931 ~ 14 August 2015)[citation needed] – Founder of CJ Group (in which he lost the lawsuit[which?]alongside with Lee Kun-hee), father of current CJ Group chairman Lee Jay-hyun.[9]
2nd son: Lee Chang-hee (24 May 1933 ~ 19 July 1991) – Founder of Saehan.[10]
2nd daughter: Lee Suk-hee (1935 ~ ), spouse of LG board director Koo Cha-hak (1930 ~), younger brother of the emeritus chairman, Koo Cha-kyung (1925 ~ 2019) and paternal uncle of the former deceased chairman, Koo Bon-moo (1945 ~ 2018).
3rd daughter: Lee Soon-hee (1939 ~ )
4th daughter: Lee Deok-hee (1940 ~ ), widow of Lee Jeong-gi (1936 ~ 2006).
Byung-chul established a trucking business in Daegu on 1 March 1938, which he named Samsung Trading Co, the forerunner to Samsung.[6] Samsung means "Three Stars" which explains the initial corporate logos.
By 1945 Samsung was transporting goods throughout Korea and to other countries. The company was based in Seoul by 1947. It was one of the ten largest "trading companies" when the Korean War started in 1950.[11] With the conquest of Seoul by the North Korean army, Lee was forced to relocate his business to Busan. The massive influx of U.S. troops and equipment into Busan over the next year and a half of the war proved to be highly beneficial to Lee's trading company.[11]
Lee Byung-chul (left) and his son Lee Kun-hee (right) in 1950.
In 1961, when Park Chung-hee seized power in the May 16 coup, Lee was in Japan and for some time he did not return to South Korea. Eventually, a deal was struck and Lee returned but Samsung had to give up control over the banks it acquired and follow economic directives from Park's government.[11]
Federation of Korean Industries
The first step of the Federation of Korean Industries was established in August 1961. The association was founded by Samsung Group chairman Lee Byung-chul.
Later in life, Byung-chul served as chairman of the Federation of Korean Industries and was known as the richest man in Korea.[12][not specific enough to verify]
Other ventures
In 1965, he established the Samsung Culture Foundation[13] to promote a broad range of programs to enrich Korean cultural life.[14]
In 1969, Samsung Electronics Manufacturing (renamed Samsung Electronics) and later merged with Samsung-Sanyo Electric.[15] Samsung Electronics Manufacturing had 45 employees and about $250,000 sales in 1970 and it made household electronics exclusively.[16]
In 1982, he was awarded an honorary doctorate from Boston College[17]
See also
Wikimedia Commons has media related to Lee Byung-chul.
^Lee, Kun-hee (10 February 2010). "Business Philosophy of Lee Byung-chull". The Korea Times. Archived from the original on 6 July 2021.
^Lankov, Andrei (12 October 2011). "Lee Byung-chull: founder of Samsung Group". The Korea Times. Retrieved 11 April 2019. It is still run by the numerous descendants of Lee Byung-chull and the centenary of his birth in 2010 being celebrated with much pomp.
^Jung-hyun, Bang (11 February 2010). "Hail the Father of Business, Lee Byung-chul". Korea IT Times. from the original on 15 May 2016. Retrieved 5 May 2016.
^"Ho-Am Byung-chull Lee - HOAM". www.hoamfoundation.org. Retrieved 30 June 2021.
^"[Dynasty Korea's corporate roots] Samsung founder Hoam risked it all to succeed". koreajoongangdaily.joins.com. Retrieved 30 June 2021.
^ abWoo, Jaeyeon (22 July 2011). "Memorializing the Company Founder, With Ads, 3-D and Holograms". WSJ. from the original on 4 March 2016.(subscription required)
^Ho Am Art Museum, "Official Web Site" 21 August 2011 at the Wayback Machine
^"Meet Samsung's billionaire Lee family, South Korea's most powerful dynasty". Business Insider. from the original on 8 July 2017. Retrieved 15 July 2017.
^"Samsung boss Lee Kun-hee wins inheritance case appeal". BBC News. 6 February 2014. from the original on 8 February 2014.
^ abHerald, The Korea (18 August 2015). "[SUPER RICH] Lee Maeng-hee's death brings Samsung family together". from the original on 14 July 2017. Retrieved 15 July 2017.
^ abcWatkins, Thaer, "The Chaebol of South Korea", Website, downloaded 22 July 2011, [1] 27 August 2011 at the Wayback Machine
byung, chul, north, korean, general, pyong, chol, this, article, expanded, with, text, translated, from, corresponding, article, korean, september, 2017, click, show, important, translation, instructions, machine, translation, like, deepl, google, translate, u. For the North Korean general see Ri Pyong chol This article may be expanded with text translated from the corresponding article in Korean September 2017 Click show for important translation instructions Machine translation like DeepL or Google Translate is a useful starting point for translations but translators must revise errors as necessary and confirm that the translation is accurate rather than simply copy pasting machine translated text into the English Wikipedia Consider adding a topic to this template there are already 491 articles in the main category and specifying topic will aid in categorization Do not translate text that appears unreliable or low quality If possible verify the text with references provided in the foreign language article You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation A model attribution edit summary is Content in this edit is translated from the existing Korean Wikipedia article at ko 이병철 see its history for attribution You should also add the template Translated ko 이병철 to the talk page For more guidance see Wikipedia Translation In this Korean name the family name is Lee Lee Byung chul Korean 이병철 12 February 1910 19 November 1987 was a South Korean businessman 1 2 He was the founder of the Samsung Group which is South Korea s largest chaebol 3 and he is considered one of South Korea s most successful businessmen He was a pioneer of modern entrepreneurship and was a beacon of national economic development for South Korea 4 promotional source Lee Byung chulBorn 1910 02 12 12 February 1910Uiryeong Gyeongsangnam do Korean EmpireDied19 November 1987 1987 11 19 aged 77 Seoul South KoreaAlma materWaseda University Tokyo dropped out OccupationBusinessmanKnown forFounder of Samsung and CJ GroupSpouse s Park Du eul KurodaChildrenIncluding Kun hee and Myung heeKorean nameHangul이병철Hanja李秉喆Revised RomanizationI Byeong cheolMcCune ReischauerYi Pyŏngch ŏl Contents 1 Personal life 1 1 Early life 1 2 Korean art collection 1 3 Family 2 Career 2 1 Beginning 2 2 Federation of Korean Industries 3 Other ventures 4 See also 5 ReferencesPersonal life EditEarly life Edit Byung chul was the youngest son of four siblings to father Lee Chan woo and mother Kwon Jae lim 5 Byung chul was the son of a wealthy land owning yangban family a branch of the Gyeongju Lee clan failed verification He attended highschool at Joongdong High School in Seoul and then college at Waseda University in Tokyo but did not complete his degree 6 Korean art collection Edit After his death Byung chul s estate Ho Am was opened to the public for tours His collection of Korean art is considered one of the largest private collections in the country featuring a number of art objects that have been designated National Treasures by the Korean government 7 promotional source Ho Am is located a short distance from the Everland park one of South Korea s popular amusement parks Everland is also owned by the Samsung Group citation needed Family Edit This section needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed May 2017 Learn how and when to remove this template message The family of Lee Byung chul 8 Lee Byung Chul 12 February 1910 19 November 1987 1st chairman of Samsung 1st wife Park Du eul 8 November 1907 3 January 2000 1st daughter Lee In hee 30 January 1929 30 January 2019 The founder of Hansol and spouse of its former chairman Dr Cho Wan hae M D 5 August 1925 1 March 2019 1st son Lee Maeng hee 20 June 1931 14 August 2015 citation needed Founder of CJ Group in which he lost the lawsuit which alongside with Lee Kun hee father of current CJ Group chairman Lee Jay hyun 9 2nd son Lee Chang hee 24 May 1933 19 July 1991 Founder of Saehan 10 2nd daughter Lee Suk hee 1935 spouse of LG board director Koo Cha hak 1930 younger brother of the emeritus chairman Koo Cha kyung 1925 2019 and paternal uncle of the former deceased chairman Koo Bon moo 1945 2018 3rd daughter Lee Soon hee 1939 4th daughter Lee Deok hee 1940 widow of Lee Jeong gi 1936 2006 3rd son Lee Kun hee 9 January 1942 25 October 2020 2nd chairman of Samsung father of 3rd and present Samsung chairman Lee Jae yong and Hotel Shilla president Lee Boo jin 5th daughter Lee Myung hee 1943 spouse of Chung Jae eun 1937 chairwoman of Shinsegae group and mother of Chung Yong jin 10 2nd wife Kuroda 1922 2007 4th son Lee Tae whi 1947 6th daughter Lee Hye ja 1952 Career EditBeginning Edit Byung chul established a trucking business in Daegu on 1 March 1938 which he named Samsung Trading Co the forerunner to Samsung 6 Samsung means Three Stars which explains the initial corporate logos By 1945 Samsung was transporting goods throughout Korea and to other countries The company was based in Seoul by 1947 It was one of the ten largest trading companies when the Korean War started in 1950 11 With the conquest of Seoul by the North Korean army Lee was forced to relocate his business to Busan The massive influx of U S troops and equipment into Busan over the next year and a half of the war proved to be highly beneficial to Lee s trading company 11 Lee Byung chul left and his son Lee Kun hee right in 1950 In 1961 when Park Chung hee seized power in the May 16 coup Lee was in Japan and for some time he did not return to South Korea Eventually a deal was struck and Lee returned but Samsung had to give up control over the banks it acquired and follow economic directives from Park s government 11 Federation of Korean Industries Edit The first step of the Federation of Korean Industries was established in August 1961 The association was founded by Samsung Group chairman Lee Byung chul Later in life Byung chul served as chairman of the Federation of Korean Industries and was known as the richest man in Korea 12 not specific enough to verify Other ventures EditIn 1965 he established the Samsung Culture Foundation 13 to promote a broad range of programs to enrich Korean cultural life 14 In 1969 Samsung Electronics Manufacturing renamed Samsung Electronics and later merged with Samsung Sanyo Electric 15 Samsung Electronics Manufacturing had 45 employees and about 250 000 sales in 1970 and it made household electronics exclusively 16 In 1982 he was awarded an honorary doctorate from Boston College 17 See also Edit Wikimedia Commons has media related to Lee Byung chul List of people of Korean descentReferences Edit Lee Kun hee 10 February 2010 Business Philosophy of Lee Byung chull The Korea Times Archived from the original on 6 July 2021 Lankov Andrei 12 October 2011 Lee Byung chull founder of Samsung Group The Korea Times Retrieved 11 April 2019 It is still run by the numerous descendants of Lee Byung chull and the centenary of his birth in 2010 being celebrated with much pomp Jung hyun Bang 11 February 2010 Hail the Father of Business Lee Byung chul Korea IT Times Archived from the original on 15 May 2016 Retrieved 5 May 2016 Ho Am Byung chull Lee HOAM www hoamfoundation org Retrieved 30 June 2021 Dynasty Korea s corporate roots Samsung founder Hoam risked it all to succeed koreajoongangdaily joins com Retrieved 30 June 2021 a b Woo Jaeyeon 22 July 2011 Memorializing the Company Founder With Ads 3 D and Holograms WSJ Archived from the original on 4 March 2016 subscription required Ho Am Art Museum Official Web Site Archived 21 August 2011 at the Wayback Machine Meet Samsung s billionaire Lee family South Korea s most powerful dynasty Business Insider Archived from the original on 8 July 2017 Retrieved 15 July 2017 Samsung boss Lee Kun hee wins inheritance case appeal BBC News 6 February 2014 Archived from the original on 8 February 2014 a b Herald The Korea 18 August 2015 SUPER RICH Lee Maeng hee s death brings Samsung family together Archived from the original on 14 July 2017 Retrieved 15 July 2017 a b c Watkins Thaer The Chaebol of South Korea Website downloaded 22 July 2011 1 Archived 27 August 2011 at the Wayback Machine Samsung s development in chronological order SAMSUNG FOUNDATION OF CULTURE SAMSUNG FOUNDATION www samsungfoundation org Retrieved 30 June 2021 Ho Am Byung chull Lee HOAM www hoamfoundation org Retrieved 30 June 2021 Lee Dongyoup 2006 Samsung Electronics The Global Inc LEE Dongyoup ISBN 978 89 89664 03 1 Lee Dongyoup 2006 Samsung Electronics The Global Inc LEE Dongyoup ISBN 978 89 89664 03 1 Hail the Father of Business Lee Byung chul Korea IT Times in Korean 8 February 2010 Retrieved 30 June 2021 Business positionsPreceded byNone Chairman of the Board of the Samsung GroupMarch 1938 December 1987 Succeeded byLee Kun hee Retrieved from https en wikipedia org w index php title Lee Byung chul amp oldid 1135119162, wikipedia, wiki, book, books, library,
