Seeking Alpha

Samsung Chairman suffers heart attack

Samsung Electronics (SSNLF) Chairman Lee Kun Hee has had a heart attack but is in a stable condition in hospital after receiving surgery for an acute myocardial infarction.

Since becoming chairman of Samsung in 1987, Lee has turned the company into the world' largest maker of smartphones, televisions and memory chips, with shares soaring 137-fold.

Lee also heads Samsung Group, which has over 74 affiliated companies, including the electronics firm.

The heart attack has prompted the issue of succession to be raised. A frontrunner to take over from Lee, who is 72, is his son Jae Yong, who was appointed Vice Chairman of Samsung Electronics in 2012.

Comments (8)
  • tmahr2002
    , contributor
    Comments (70) | Send Message
    May God watch over this man and may he have a speedy recovery!! We need good men like this gentleman to keep this quality company on the edge of technology and to keep apple in line since Samsung is by far a higher quality company!!!
    11 May 2014, 10:12 AM Reply Like
  • Alex Cho
    , contributor
    Comments (2583) | Send Message
    You can't be serious.
    11 May 2014, 08:21 PM Reply Like
    , contributor
    Comments (217) | Send Message
    Sounds like a line from Michael Blair's prayer!
    11 May 2014, 10:52 PM Reply Like
  • thotdoc
    , contributor
    Comments (1920) | Send Message
    Such sarcasm!!!
    11 May 2014, 02:27 PM Reply Like
  • deercreekvols
    , contributor
    Comments (6945) | Send Message
    Thoughts and prayers to Mr. Lee Kun Hee.
    11 May 2014, 04:20 PM Reply Like
  • Value Growth Investor
    , contributor
    Comments (195) | Send Message
    Mr. Lee Kun Hee must have seen the iPhone 6 leaks over the weekend!!!
    11 May 2014, 08:09 PM Reply Like
  • 2ng
    , contributor
    Comments (152) | Send Message
    his spies have show him some iwatch drawings
    12 May 2014, 06:08 AM Reply Like
  • sofiacaden
    , contributor
    Comments (43) | Send Message
    Wireless industry analyst Chetan Sharma highlighted the contrast between Kun-hee’s role at Samsung and Jobs’s at Apple. “Steve was the driving force behind all the products down to the last detail, Sharma said. At Samsung
    13 May 2014, 07:41 AM Reply Like
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