⁍ Lee Kun-hee was driven by a constant sense of crisis, which he instilled in his leadership teams to drive change and fight complacency.

---

⁍ In the mid-1990s, Lee personally recalled around $50 million worth of poor quality mobile phones and fax machines, and set fire to them.

---

⁍ In 2013, Forbes named Lee as the second most powerful South Korean, ranked only behind United Nations Secretary-General Ban Ki-moon.

---

– Lee Kun-hee, the billionaire ” heir apparent” of South Korea’s Samsung Group, has died at the age of 78. Lee, the third son of the group’s founder, helped build Samsung Electronics into the world’s biggest technology firm by revenue and one of the biggest companies in the world by market value. But he was also accused of corruption and ran the group with an iron fist, Reuters reports. In 2008, Lee was accused of running a political slush fund and of helping his children buy Samsung company shares on the cheap. He apologized and stepped down, only to return within two years following a presidential pardon. Lee was convicted of tax evasion and embezzlement in 2009, but he was pardoned and returned to the company two years later. South Korean President Park Geun-hye says Lee’s death is a “great loss” to the country, the AP reports. “He will be deeply missed by the South Korean people,” Park said in a statement. “Samsung Electronics and the Samsung Group will continue to be at the heart of South Korea’s economy and society.”