Lee Byung-chul
Lee Byung-chul | |
|---|---|
| Born | February 12, 1910 |
| Died | November 19, 1987 (aged 77) |
| Nationality | Korean |
| Alma mater | Waseda University in Tokyo |
| Occupation | Founder of Samsung Group |
| Korean name | |
| Hangul | 이병철 |
| Hanja | 李秉喆 |
| Revised Romanization | I Byeongcheol |
| McCune–Reischauer | Yi Pyŏngch'ŏl |
Lee Byung-chul (February 12, 1910 Uiryeong, Gyeongsangnam-do – November 19, 1987 Seoul) was the founder of the Samsung Group and one of South Korea's most successful businessmen. With the breakup of the Hyundai chaebol, Samsung is now South Korea's largest business group[1]
Early life
Byung-chul was the son of a wealthy landowning family (a branch of the Gyeongju Lee clan). He attended college at Waseda University in Tokyo, but did not complete his degree.[2]
Career
Beginning
Byung-chul established a trucking business in Daegu on March 1, 1938, which he named Samsung Trading Co, the forerunner to Samsung.[2] 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.[3] With the conquest of Seoul by the North Korean army, Lee was forced to relocate his business to Pusan. 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 trucking company.[3]
In 1961 when General Park seized power, 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.[3]
Federation of Korean Industries
Later in life, Byung-chul served as chairman of the Federation of Korean Industries and was known as the richest man in Korea.[4]
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 and it features a number of art objects that have been designated "National Treasures" by the Korean government.[5] Ho-Am is located a short distance from the Everland park, South Korea's most popular amusement park (Everland is also owned by the Samsung Group).
Family
- Lee Byung Chul (November 19, 1987) - 1st chairman of Samsung.
- 1st wife: Park Du-eul (1905 ~ 2000)
- 1st daughter: Lee In-hee (1928 ~ )
- 1st son: Lee Maeng-hee (June 20, 1930 ~ August 14, 2015) - Founder of CJ Group (he lost the lawsuit with Lee Kun-hee)[3]
- 2nd son: Lee Chang-hee (1932 ~ 1990) - Founder of Saehan
- 2nd daughter: Lee Suk-hee (1937 ~ )
- 3rd daughter: Lee Soon-hee (1939 ~ )
- 4th daughter: Lee Deok-hee (1941 ~ )
- 3rd son: Lee Kun-hee (1943 ~ ) - 2nd chairman of Samsung.
- 5th daughter: Lee Myung-hee (1948 ~ )
- 4th son: Lee Tae-whi (1946 ~ )
- 6th daughter: Lee Hye-ja (1961 ~ )
See also
References
- ^ Jung-hyun, Bang (February 11, 2010). "Hail the Father of Business, Lee Byung-chul". Korea IT Times. Retrieved May 5, 2016.
- ^ a b Woo, Jaeyeon, "Memorializing Company Founder, With Ads, 3-D and Holograms", Wall Street Journal, July 22, 2011, Korea Realtime, [1]
- ^ a b c Watkins, Thaer, "The Chaebol of South Korea", Website, downloaded July 22, 2011, [2]
- ^ "Samsung's development in chronological order"
- ^ Ho Am Art Museum, "Official Web Site"
External links
- Samsung Group
- [호암캠프] 호암 이병철의 사회 공헌 활동“조상의 아름다운 전통을 잇는 데 큰 관심”
- 죽은 이병철의 산 교훈 미디어오늘 2011-12-21
- 이병철 회장 "신앙인은 때때로 광인, 공산당원과…" 중앙일보 2011.12.17
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