Samsung's director, the richest man in South Korea dies

Lee is estimated to have transformed the small business founded by his father to today's Samsung, a global economic giant operating in fields ranging from electronic production to transportation.

He was the richest man in South Korea with an estimated fortune of about 21 billion dollars, reports Forbes magazine.

The exact cause of death has not been declared, but the company announced that Lee changed lives surrounded by family members.

All of us, employees of Samsung, will remember with gratitude the man who addressed us”, it is said in the statement of the known company.

Lee joined the family business in 1968, took the company in 1987 after his father's death and transformed it from a company that produces cheap, low-quality products to a world-renowned producer of quality electronics.

Samsung's first man will be remembered for the sentence he addressed to his employees in 1993: “Let's change everything except our wives and children”.

Samsung later destroyed 150,000 mobile parts to begin a new, modern and dynamic phase of global market expansion and corporate development.