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☆ Elon Musk has a unique plan to solve Twitter's ad problems
▼ + stars: | 2024-03-05 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Elon Musk owns X, formerly Twitter, which has an advertising problem. AdvertisementThe company formerly known as Twitter has a well-known advertising problem: It is owned by Elon Musk, who does his best to repel advertisers. So look at a (very partial) solution to Twitter's advertising problem: Elon Musk! More specifically, Elon Musk's Tesla, which is advertising on the company formerly known as Twitter:This new? Model Y starts at $36,490 after Federal Tax Credit for eligible buyersBook a Demo Drive to try it https://t.co/McJ7TwPy4c — Tesla (@Tesla) February 29, 2024Beyond the novelty, a couple of other ideas:

Persons: Elon Musk, —, Elon, Elon Musk's Tesla, uM6X0cQnKL — Jay Yarow, Tesla, Jay, — Tesla Organizations: Elon, Service, Twitter, YouTube, Federal Tax

☆ Facebook is getting rid of the News tab in the U.S. and Australia
▼ + stars: | 2024-03-01 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +5 min

Meta said Thursday that it would remove a dedicated section for news articles in April that will affect Facebook users in the United States and Australia. "The number of people using Facebook News in Australia and the U.S. has dropped by over 80% last year." Meta's decision to remove the Facebook News tab comes after the company said in September that it would eliminate the news section for Facebook users in the U.K., France and Germany. However, Meta said that it "will not enter into new commercial deals for traditional news content in these countries and will not offer new Facebook products specifically for news publishers in the future." A year ago, Facebook represented about 50% the media outlets' social traffic.

Persons: Meta's Mark Zuckerberg, Zuckerberg, Jay Y, Lee, Meta, it's, Chartbeat, Similarweb, Mother Jones, Monika Bauerlein, Bauerlein, Sam Altman Organizations: Meta, Samsung Electronics, South Korean, Seoul Economic, Facebook, U.S, CNBC, Canadian, Nvidia Locations: South Korea, Seoul, United States, Australia, France, Germany

☆ A garland-wearing Mark Zuckerberg arrives for a glitzy Indian wedding celebration — and boy is he in full vacation mode
▼ + stars: | 2024-03-01 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg and his wife Priscilla are attending the lavish Ambani pre-wedding party in India. The Meta CEO appears to be in full vacation mode after being pictured with a floral garland. The event for Anant Ambani and Radhika Merchant is due to feature a performance by Rihanna. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . He appears to be in full vacation mode after flying in with his wife for the Ambani family's extravagant three-day affair.

Persons: Mark Zuckerberg, Priscilla, Ambani, Anant Ambani, Radhika Merchant, Rihanna, —, Mukesh Ambani, Anant, He's, Viren Merchant, Isha Ambani, Anand Piramal, Priyanka Chopra, Nick Jonas, Hillary Clinton, Arianna Huffington, Mukesh, Nita, Bill Gates, Ivanka Trump, Zuckerberg, he'd, Larry Fink, Murray Auchincloss, Sundar Pichai, Jay Y, Lee, Rihanna hasn't, Abu Organizations: Service, Encore Healthcare, The, Samsung Electronics, Reuters, India Today, Prix Locations: India, Gujarat, The Times

☆ Meet the Ambanis, who live in a $1 billion skyscraper and mingle with royals and Bollywood stars
▼ + stars: | 2024-03-01 | by ( Katie Warren | Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Mukesh Ambani is worth $111 billion, according to the Bloomberg Billionaires Index. The Ambanis live in a 27-story skyscraper in Mumbai thought to have cost $1 billion to construct. The Ambanis made headlines in 2018 for throwing one of the most lavish wedding celebrations ever for Isha Ambani and Anand Piramal. This week the family is staging an extravagant 3-day pre-wedding celebration for Anant, Mukesh Ambani's youngest son. The Ambani family home in Mumbai is a 27-story skyscraper that cost an estimated $1 billion to build.

Persons: Mukesh Ambani, —, Anant, Isha Ambani, Anand Piramal, Priyanka Chopra, Nick Jonas, Hillary Clinton, Arianna Huffington, Mukesh Ambani's, Bill Gates, Mark Zuckerberg, Rihanna, Sundar Pichai, Jay Y, Lee, Ambani Organizations: Bloomberg, Reliance Industries, Service, Tech, Guardian, Reuters, Samsung Electronics, The Locations: Mumbai, India, Gujarat, The Times

☆ Bill Gates and Mark Zuckerberg are among the CEOs and celebs set to attend a 3-day pre-wedding party being thrown by an Indian tycoon worth $113 billion
▼ + stars: | 2024-02-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Bill Gates and Mark Zuckerberg are among those set to attend the pre-wedding celebrations in March. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome of the world's top business leaders are expected to attend the pre-wedding celebrations of Anant Ambani in India. Here's a look at some of the other business chiefs and celebrities rumored to be attending the celebrations.

Persons: Mukesh Ambani, Bill Gates, Mark Zuckerberg, —, Anant Ambani, Ambani, Radhika Merchant, Sundar Pichai, Jay Y, Lee, Rihanna, David Blaine Organizations: Service, Fortune, Reliance Industries, Guardian, Samsung Electronics, The, Reuters Locations: India, The Times

☆ Mark Zuckerberg's Asia trip is all about making AI friends
▼ + stars: | 2024-02-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg isn't just in Asia to enjoy Japanese McDonald's and hit the ski slopes. The meetings will put Meta's AI and mixed reality ambitions front and center as competition grows. The likes of Meta's AI chief Yann LeCun have pushed back on suggestions that open-source AI is dangerous because the sheer volume of resources any bad actor would need to use an AI model maliciously makes it highly untenable. Meta's mission to build businessPoliticians won't be the only thing on Zuckerberg's mind on his Asian trip. Meta's line of mixed reality headsets, the Quests, finally face a formidable foe following Apple's release of the Vision Pro this month.

Persons: Mark Zuckerberg isn't, —, Mark Zuckerberg, Kokaji, Zuckerberg, Fumio Kishida, Sam Altman, Kishida, Yoon Suk, OpenAI's Altman, FABRICE COFFRINI, Yann LeCun, ROBYN BECK, Getty Zuckerberg, Jay Y, Lee Organizations: Service, Japan's, Japan Times, South, Bloomberg, Economic, Business, Meta, Vision, Apple, LG Electronics, Samsung Locations: Asia, Japan, Davos, South Korea, Switzerland, Seoul

☆ Meta's Mark Zuckerberg to visit South Korea
▼ + stars: | 2024-02-21 | by ( ) www.cnbc.com time to read: +1 min

Meta's Mark Zuckerberg plans to visit South Korea, scheduling key meetings during the trip, according to a statement by Meta on Wednesday, which did not provide further details. Meta's Mark Zuckerberg is planning to visit South Korea and is scheduling key meetings during his trip, Meta said in a statement on Wednesday without elaborating. The Meta CEO may also meet South Korean President Yoon Suk Yeol, the paper said. It would be his first known visit to South Korea since 2013. A presidential official confirmed that Zuckerberg had sought a meeting with Yoon, without providing further details.

Persons: Meta's Mark Zuckerberg, Zuckerberg, Jay Y, Lee, Meta, Yoon Suk Yeol, Yoon Organizations: Meta, Samsung Electronics, South Korean, Seoul Economic, South, Samsung Locations: South Korea, Seoul, South Korean

☆ Samsung chief Lee cleared of charges in 2015 merger case
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: +1 min

Samsung Electronics Co. Executive Chairman Lee Jae-yong leaves after attending a final decision at the Seoul Central District Court on Feb. 05, 2024 in Seoul, South Korea. Seoul Central District Court acquits Samsung Electronics Co. Executive Chairman Lee Jae-yong in controversial 2015 merger case. Samsung Electronics Chairman Jay Y. Lee was found not guilty by a Seoul court on Monday in a case related to irregularities in a 2015 merger of Samsung affiliates that prosecutors said was designed to cement his control of the tech group. Lee denied wrongdoing, arguing that he and other executives acted on the belief the merger would benefit shareholders. The sentence prevents a return to jail for Lee who was convicted in 2017 of bribing a friend of former President Park Geun-hye.

Persons: Lee Jae, Jay Y, Lee, Prosecutors, Park, Yoon Suk Organizations: Samsung Electronics Co, Seoul Central, Court, Samsung Electronics, Samsung Locations: Seoul, South Korea

☆ Samsung Chief Lee Cleared of Charges in 2015 Merger Case
▼ + stars: | 2024-02-05 | by ( Feb. | At A.M. | ) www.usnews.com time to read: 1 min

SEOUL (Reuters) - Samsung Electronics Chairman Jay Y. Lee was found not guilty by a Seoul court on Monday in a case related to irregularities in a 2015 merger of Samsung affiliates that prosecutors said was designed to cement his control of the tech group.

Persons: Jay Y, Lee Organizations: Samsung Electronics, Samsung Locations: SEOUL, Seoul

☆ Samsung boss denies wrongdoing as South Korea prosecutors seek jail term over 2015 merger
▼ + stars: | 2023-11-17 | by ( Joyce Lee | ) www.reuters.com time to read: +3 min

SEOUL, Nov 17 (Reuters) - Samsung Electronics (005930.KS) chairman Jay Y. Lee denied wrongdoing on Friday after South Korean prosecutors called for him to be jailed for five years on charges of accounting fraud and stock price manipulation involving an $8 billion merger of Samsung affiliates in 2015. The hearing is the final lower court session before a ruling, scheduled for January 26, ending a trial that has lasted three years. Samsung Electronics Vice Chairman Jay Y. Lee arrives at a court in Seoul, South Korea, October 26, 2021. "I have never had my personal interests in mind in the course of the merger," Lee told the court. Lee was previously convicted of bribing former South Korean President Park Geun-hye and went to jail for a total of 18 months from 2017 to 2021.

Persons: Jay Y, Lee, Kim Hong, Park, hye, Joyce Lee, Miral Fahmy, Mark Potter Organizations: Samsung Electronics, South, Samsung, Seoul Central District Court, Prosecutors, Cheil Industries, REUTERS, Korean, Analysts, South Korean, Thomson Locations: SEOUL, KS, Seoul, South Korea

☆ South Korea prosecutors seek jail for Samsung boss on fraud, stock manipulation charges
▼ + stars: | 2023-11-17 | by ( Joyce Lee | ) www.reuters.com time to read: +2 min

SEOUL, Nov 17 (Reuters) - South Korean prosecutors sought on Friday a five-year jail term for the boss of Samsung Electronics (005930.KS) Jay Y. Lee over charges of accounting fraud and stock price manipulation involving an $8 billion merger of Samsung affiliates in 2015. Prosecutors allege the executives' involvement in the merger of group affiliates Samsung C&T (028260.KS) and Cheil Industries included stock price manipulation and other wrongdoings that helped them gain at the expense of minority investors. Lee and the executives have denied wrongdoing, saying the merger and accounting processes that prosecutors have taken issue with were part of normal management activities. A small group of supporters chanted his name outside the court during a recess, while detractors yelled angrily at him. Reporting by Joyce Lee; Editing by Tom Hogue, Ed Davies and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Jay Y, Lee, Park, hye, Joyce Lee, Tom Hogue, Ed Davies, Miral Organizations: Samsung Electronics, Samsung, Seoul Central District Court, Prosecutors, Cheil Industries, South Korean, Thomson Locations: SEOUL, KS, Seoul

☆ South Korea's Yoon Departs for Saudi Arabia and Qatar
▼ + stars: | 2023-10-21 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

SEOUL (Reuters) - South Korean President Yoon Suk Yeol left for Saudi Arabia and Qatar on Saturday to discuss business cooperation as well as to discuss security conditions amid the crisis in the Middle East, his office said. Yoon, in what would be the first state visit by a South Korean leader, will hold talks with Saudi Crown Prince Mohammed bin Salman on Sunday, and will travel to Qatar on Oct. 24-25 for a summit and to attend a business forum. The state visit takes place roughly a year after the Saudi crown prince visited South Korea and discussed cooperation in the areas of energy, defence and infrastructure construction, signing investment pacts worth $30 billion with Korean firms. Business leaders accompanying President Yoon include Samsung Electronics Executive Chairman Jay Y. Lee, Hyundai Motor Group Executive Chair E.S. Chung and the heads of Hanwha, GS, and HD Hyundai conglomerates, according to Yoon's office.

Persons: Yoon Suk Yeol, Yoon, Saudi Crown Prince Mohammed bin Salman, Jay Y, Lee, Chung, Cynthia Kim, Lincoln Organizations: South, Saudi Crown, Business, Samsung Electronics, Hyundai Motor Group, Hyundai Locations: SEOUL, Saudi Arabia, Qatar, South Korean, Saudi, South Korea

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTThe Tesla Motors Inc. Model X sport utility vehicle (SUV). The car or its computer was suddenly online in a Southern region of war-torn Ukraine, he found by opening up his Tesla app and using a geolocation feature. CNBC found that after the car was totaled, online auction site Copart listed it for sale, according to website listings. "Virtually all of the vehicles that are totaled will end up at a salvage auction," he said. One online auction website that specializes in such sales estimated the winning bid for the vehicle would be between $27,400 and $29,400.

Persons: David Paul Morris, Jay Yarow, Yarow, Ken Tindell, —, Tindell, Copart, Mike Dunne, Steven Lang, Lang Organizations: Tesla Motors Inc, Bloomberg, Getty, CNBC, Drake, Twitter, Canis Labs, Overseas, General Motors Locations: U.S, Southern, Ukraine, New Jersey, Norway

☆ 33 of the biggest failed products from the world's biggest companies
▼ + stars: | 2023-08-04 | by ( Ben Gilbert | Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Even the most successful companies in the world have the occasional flop. We put together 33 of the world's biggest flops, from Nintendo's Virtual Boy to Google Glass. Morning Brew Insider recommends waking up with, a daily newsletter. "Less than 3% of new consumer packaged goods exceed first-year sales of $50 million — considered the benchmark of a highly successful launch," say Joan Schneider and Julie Hall, co-authors of "The New Launch Plan." That's part of the reason that the most heavy-hitting names in business — from Nintendo to Netflix, Microsoft to McDonald's — have had some of the biggest belly flops.

Persons: Jeff Bezos, Joan Schneider, Julie Hall, —, Aimee Groth, Jay Yarow, Drake Baer Organizations: Amazon, Nintendo's, Google, Nintendo, Netflix, Microsoft

HONG KONG, Aug 3 (Reuters Breakingviews) - South Korea’s dealmaking skeletons are back to haunt. Paul Singer's Elliott opposed a $9 billion union eight years ago of Samsung C&T (028260.KS) and Chiel Industries. South Korea’s successful prosecution of Lee, Park and a former minister that oversaw NPS, provided cause for Elliott to demand payback. Elliott sued in 2018 and the Permanent Court of Arbitration in the Hague in June awarded the U.S. fund over $100 million. Far from being the end of it though, President Yoon Suk Yeol’s government is contesting that award in a British arbitration court.

Persons: Samsung's Lee, Paul Singer's Elliott, Elliott, Jay Y, Lee, Park Geun, Yoon Suk, Hague, Yoon, Taiwan's TSMC, Una Galani, Thomas Shum Organizations: Reuters, Korea Inc, Samsung, Chiel Industries, National Pension Service, NPS, U.S ., Korea, Trade, Global, Samsung Electronics, Apple, Tokyo, Korea's Ministry, Justice, Elliott Investment, Thomson Locations: HONG KONG, U.S, Hague, Seoul, Korea, China, Beijing, Washington, Taiwan, Japan, South Korea, United States

☆ 32 of the biggest failed products from the world's biggest companies
▼ + stars: | 2023-06-23 | by ( Ben Gilbert | Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

We put together 32 of the world's biggest flops, from Nintendo's Virtual Boy to Google Glass. Morning Brew Insider recommends waking up with, a daily newsletter. "Less than 3% of new consumer packaged goods exceed first-year sales of $50 million — considered the benchmark of a highly successful launch," say Joan Schneider and Julie Hall, co-authors of "The New Launch Plan." That's part of the reason that the most heavy-hitting names in business — from Nintendo to Netflix, Microsoft to McDonald's — have had some of the biggest belly flops. Here's a look at 32 of those flops, and what we can learn from them.

Persons: Jeff Bezos, Joan Schneider, Julie Hall, —, Aimee Groth, Jay Yarow, Drake Baer Organizations: Amazon, Nintendo's, Google, Nintendo, Netflix, Microsoft

☆ How Samsung became the world’s No. 2 advanced chipmaker and set the stage for a U.S. manufacturing boom
▼ + stars: | 2023-06-09 | by ( Katie Tarasov | ) www.cnbc.com time to read: +5 min

In this article NVDAQCOM6758.T-JPAMATAMD2330-TW.FKRX300MUAAPL Follow your favorite stocks CREATE FREE ACCOUNTSamsung's $17 billion new chip fab is under construction in Taylor, Texas, on April 19, 2023. CNBC recently went inside Samsung's Austin chip fab, for the first in-depth tour given on camera to a U.S. journalist. Samsung got its start in 1938 as the Samsung Sanghoe Trading Company, founded by Lee Byung-chull in Korea. Just a decade after making its first memory chip, Samsung was coming to market with a version that had 1,000 times the capacity. As consumers rein in their spending in the face of rising inflation, demand for memory chips has weakened sharply.

Persons: Katie Brigham, Jon Taylor, Patel, Jinman Han, Han, Lee Byung, Lee Kun, Geoffrey Cain, weren't, Apple, Cain, Jay Y, Lee, Yoon Suk, Joe Biden, Jonathan Ernst Organizations: AMD, Samsung, Taiwan Semiconductor Manufacturing Company, Intel, they'll, CNBC, Austin, Samsung Sanghoe Trading Company, Samsung Samsung, Samsung Electronics, Samsung TV, Hankook Semiconductor, Apple, Republic of Samsung, Samsung Electronics Pyeongtaek, Reuters Locations: Taylor , Texas, TSMC, U.S, Korea, New Jersey, Silicon Valley, South Korea, Republic of, Austin , Texas, Texas, Austin, Pyeongtaek

☆ Samsung Elec, Tesla heads meet to discuss cooperation in high-tech
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: 1 min

SEOUL, May 14 (Reuters) - Samsung Electronics (005930.KS) Executive Chairman Jay Y. Lee met with Tesla (TSLA.O) CEO Elon Musk last Wednesday to discuss ways to cooperate in future high-tech industries, Samsung said on Sunday. The two companies are currently seeking ways to cooperate in the development of IT-related technologies, such as semiconductors for autonomous vehicles, Samsung added. The meeting was held during Lee's trip to the United States and was the first between the heads of the South Korean chip giant and the U.S. electric-vehicle maker, the company said. Reporting by Jihoon Lee; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

[1/4] South Korean President Yoon Suk Yeol delivers remarks to the U.S.-Korea Business Council at the U.S. Chamber of Commerce in Washington, D.C., U.S., April 25, 2023. He said the two countries' economies had been facing new challenges and the economic slowdown was unsettling the investment environment. "Competition for technological hegemony, energy issues and climate crises are casting more uncertainties on business activity day by day," Yoon said. "This cooperation should extend beyond semiconductors to future emerging technologies such as AI, Quantum, SMR (Small Modular Reactors) and more," Yoon said. Core technologies from the United States and South Korea's advanced manufacturing capabilities would "create enormous synergies that will benefit both countries," he said.

☆ Leaked org chart shows the 15 most important leaders in Google's AI division as it races to catch Microsoft
▼ + stars: | 2023-03-30 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

Central to those efforts is its Research and AI group, led by senior vice president Jeff Dean. An internal org chart seen by Insider shows the 14 other leaders under Dean who drive Google's efforts to catch the sudden success of OpenAI. Jeff Dean, senior vice president, Google AI Thomas Samson/Getty ImagesReporting directly to Dean is Eli Collins, a VP leading work on Google's ChatGPT competitor, Bard. Collins also works on AI Test Kitchen, an app that gives select users access to some of Google's latest AI demos. Jay Yagnik, VP of research, oversees the biggest number of employees within Dean's organization.

☆ How an $18-an-hour Amazon warehouse job cured one former tech exec's burnout
▼ + stars: | 2022-10-28 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +5 min

It's been a wild week in tech, made even more wild by Elon Musk's Twitter deal closing last night. We've got a ton of news this morning, including an account from a longtime tech exec who took a job at an Amazon fulfillment center to help cure his burnout. How an $18-an-hour Amazon warehouse job cured one tech exec's burnout. He decided to quit his CEO job and, eventually, take on a seasonal role at an Amazon fulfillment center. How Elon Musk's "autocratic leadership" will change Twitter.

☆ Jay Y. Lee Formally Becomes Samsung’s Leader
▼ + stars: | 2022-10-27 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

Jay Y. Lee had been serving as the de facto head of Samsung. SEOUL— Samsung Electronics Co. has officially appointed Lee Jae-yong as executive chairman, an elevation in title that formalizes the all-encompassing role he has played for years at South Korea’s largest business conglomerate. The 54-year-old Mr. Lee—who goes by Jay Y. Lee in the West—had previously held the title of Samsung Electronics vice chairman. He takes over a position previously held by his father, Lee Kun-hee, who died two years ago and had been incapacitated after a 2014 heart attack.

☆ Samsung’s De Facto Leader, Jay Y. Lee, Formally Takes the Top Job
▼ + stars: | 2022-10-27 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

Jay Y. Lee had been serving as the de facto head of Samsung. SEOUL— Samsung Electronics Co. officially appointed Lee Jae-yong as its executive chairman, formalizing the all-encompassing leadership role he has long played at South Korea’s largest business conglomerate. The 54-year-old Mr. Lee—who goes by Jay Y. Lee in the West—had previously held the title of Samsung Electronics vice chairman. He takes over a position previously held by his father, Lee Kun-hee, who died two years ago after being incapacitated by a 2014 heart attack.

☆ Samsung Electronics names Jay Y. Lee executive chairman
▼ + stars: | 2022-10-27 | by ( ) www.cnbc.com time to read: +1 min

Samsung Electronics' de facto leader Lee Jae-yong during U.S. President Joe Biden's visit on May 20, 2022 in Pyeongtaek, South Korea. Samsung Electronics ' de facto leader Jay Y. Lee was named executive chairman on Thursday, a symbolic move confirming that South Korea's most valuable company will be officially run by the third generation of its founding family. The change reflects a role Lee, 54, has held since his father, the late patriarch and Samsung Group chairman Lee Kun-hee, was hospitalized in 2014, analysts said. Lee has been vice chairman of Samsung Electronics, the crown jewel of South Korea's biggest business conglomerate, since 2012. "The Board cited the current uncertain global business environment and the pressing need for stronger accountability and business stability in approving the recommendation," Samsung said in a statement.

☆ Samsung Elec names Jay Y. Lee executive chairman
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: 1 min

SEOUL, Oct 27 (Reuters) - Samsung Electronics' (005930.KS) de facto leader Jay Y. Lee has been named executive chairman of the company, it said on Thursday, a symbolic move heralding that South Korea's most valuable company will be officially run by the third generation of its founding family. The change reflects a role Lee has held since his father, the late patriarch and Samsung Group chairman Lee Kun-hee, was hospitalised in 2014 and died in 2020, analysts said. Lee, 54, has been vice chairman of Samsung Electronics, the crown jewel of South Korea's biggest business conglomerate, since 2012. Reporting by Joyce Lee; Editing by Christian Schmollinger and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

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