Lee owns 20.76% of the insurance firm and is the biggest individual shareholder of Samsung Electronics with a 4.18% stake. Lee’s son Jay Y. Lee has been embroiled in legal troubles linked to a merger of two Samsung affiliates that helped Lee assume greater control of the group’s flagship Samsung Electronics. "For Jay Y. Lee, getting the most of that stake Lee Kun-hee holds is more important than ever," Ahn said. Lee died with his family by his side, including Jay Y. Lee, the Samsung Electronics vice chairman, the conglomerate said. "Chairman Lee was a true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse from a local business," Samsung said in a statement.

Source: The Star October 25, 2020 05:37 UTC