By far the Richest Man in South Korea, Lee Kun-Hee serves as the chairman of the huge electronics empire, the Samsung Group. Lee’s father, Lee Byung-Chul, set up Samsung in 1938. In Korean, Samsung means “three stars.”Back then, the firm used to export vegetables, fruit, and dried fish to Manchuria and Beijing.
When Byung-Chul died in 1987, Lee took over control of the company. Lee joined Samsung in 1968 and within 2 weeks of his father’s demise, he appointed himself as chairman. Interestingly, Lee is Byung-Chul’s third son.