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Events on Thursday 19 November 1987 1
1987Lee Byung-chul dies — Lee Kun-hee takes overSamsung founder Lee Byung-chul dies on 19 November 1987, aged 77. His third son Lee Kun-hee succeeds him as chairman. Under Lee Kun-hee, Samsung will be transformed from a budget electronics manufacturer into a premium global technology brand — arguably the most successful corporate transformation in Asian industrial history. Lee Kun-hee's 27-year chairmanship will take Samsung from a regional copycat to the world's most valuable consumer electronics company.