Lee Byung-chul
Lee Byung-chul was born in Uiryeong County, South Gyeongsang Province, South Korea on February 12th, 1910 and is the Entrepreneur. At the age of 77, Lee Byung-chul biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
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Lee Byung-chul (born in 1910) was the founder of the Samsung Group and one of South Korea's most influential businessmen.
Samsung is now South Korea's largest industry group after the breakup of the Hyundai chaebol.
Personal life
Byung-chul was the youngest son of four siblings to father Lee Chan-woo and mother Kwon Jae-lim. Byung-chul was the son of a wealthy land-owning yangban family (a branch of the Gyeongju Lee clan). He attended highschool at Joongdong High School in Seoul and then went to Waseda University in Tokyo, but did not complete his education.
Byung-chul's estate (Ho-Am) was opened to the public for tours after his death. His collection of Korean art is regarded as one of the country's largest private collections, with a number of art works listed as "National Treasures" by the Korean government. Ho-Am is located just a short distance from the Everland park, one of South Korea's most popular amusement parks (The Samsung Group also owns Everland).
The family of Lee Byung-chul
Career
Byung-chul established a trucking business in Daegu on 1 March 1938, which he named Samsung Trading Co, the forerunner to Samsung. 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. With the conquest of Seoul by the North Korean army, Lee was forced to relocate his business to Busan. 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 trading company.
In 1961, when Park Chung-hee seized power in the May 16 coup, 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.
The first step of the Federation of Korean Industries was established in August 1961. The association was founded by Samsung Group chairman Lee Byung-chul.
Later in life, Byung-chul served as chairman of the Federation of Korean Industries and was known as the richest man in Korea.