Samsung chairman hospitalized after heart attack

SEOUL, South Korea — Samsung Electronics Co. Chairman Lee Kun-hee remained hospitalized in stable condition Monday after being treated for a heart attack, company officials said.

Lee, 72, was rushed to a hospital near his Seoul home late Saturday after suffering breathing problems and received CPR due to symptoms of a heart attack. He was later transferred to a Samsung-affiliated hospital in Seoul, Samsung Medical Center, where he underwent a stent placement procedure early Sunday in which tubes were inserted into his body to widen blood vessels to prevent a heart attack, according to Keich Lee, a spokeswoman at Samsung Global Communications.

The Samsung Group said in a statement Sunday that Lee “is in stable condition and making a recovery.”

The Samsung spokeswoman said Monday that Lee’s spontaneous breathing returned shortly after the operation and hospital officials expect good results. She said Lee remained hospitalized Monday.

Lee, the de facto chairman of Samsung Group, which is South Korea’s largest conglomerate, has a history of medical problems. He has been suffering from respiratory complications since undergoing lung surgery in the late 1990s, and was hospitalized last August for treatment of pneumonia. He returned to Seoul in April after spending the winter season in the U.S. to prevent respiratory ailments.

Lee is also a high-ranking South Korean member of the International Olympic Committee.

Samsung Electronics Co. has a top-heavy command structure that centers on the founding family. Lee Kun-hee is the third son of Samsung founder Lee Byung-chull and was tapped in 1979 by his father to lead what would become South Korea’s most valuable company — a global leader in smartphones, TVs, household appliances and home entertainment systems. The conglomerate also owns businesses in life insurance, hotel, construction, shipbuilding, chemical industry, fashion, credit card and other areas.

The company’s business operations are run by three CEOs, though Lee Kun-hee as the head of the flagship electronics division wields significant control over the company’s direction.

The Samsung Group has recently been carrying out a broad range of mergers and reorganizations in what analysts say are preparations for handing over the reins to Lee’s three children — a son and two daughters.

Shares of Samsung Electronics Co. rose 1.4 percent in Seoul on Monday.

More in Herald Business Journal

Health-care consumers need to take the lead, so get smart

David Russian, CEO of Western Washington Medical Group, writes our third essay about fixing health care.

More business, more competition for Everett kidney dialysis center

Nonprofit Puget Sound Kidney Centers sees large for-profit competitors enter state market.

Molina Medical holds fall carnival for families in Everett

Molina Medical is hosting a free event for families in the Everett… Continue reading

Leadership Snohomish County celebrates 20 years of service

Leadership Snohomish County is celebrating its 20th anniversary. The organization was launched… Continue reading

Snohomish, Monroe manufacturers honored for innovation, excellence

Two Snohomish County companies have been honored with Manufacturing Excellence awards at… Continue reading

Remodeled home tours planned this weekend

This weekend, Edmonds-based Chermak Construction will participate in the 2017 Remodeled Homes… Continue reading

Barron Heating to celebrate anniversary at Marysville showroom

Barron Heating and Air Conditioning is celebrating its 45th anniversary from 10… Continue reading

Robots on Wall Street: Slow-footed regulators lose ground

Watchdogs have to figure out how to check computers running lightening-fast algorithms.

US budget deficit hits $666B, an $80B spike for the year

The deficit issue has largely fallen in prominence in Washington in recent years.

Most Read