Generation chaebol Samsung Lee Kun-hee in charge of 27 set: Only the first to survivehe founded the Korean stock market capitalization equivalent to 30% of Samsung Group. Lee Kun-hee of South Korea, Li Ka-shing in Hong Kong, Wang Yung-ching of Taiwan also can not hold a candle. He was known as the Korean economy \u0026 ldquo; \u0026 rdquo ;, president of Samsung's \u0026 ldquo; God \u0026 rdquo ;, billionaires list of \u0026 ldquo; regular \u0026 rdquo ;. He has been described as decisive change, deceit and collusion between officials and businessmen, did not prevent him times and saved the day, a presidential pardon. He seemed won the favor of God, but family infighting continued, horrible disaster again and again. Impression in Japan, financial capital groups and feudal family ties as called zaibatsu. Lee and his father had studied in Japan, but also in Japan as a teacher at Venture. Today more and more like the Japanese style Samsung, have already gone beyond \u0026 ldquo; teacher \u0026 rdquo ;. Lee family still lay deep \u0026 ldquo; chaebol \u0026 rdquo; brand. \u0026 Ldquo; chaebol \u0026 rdquo;-run Samsung and Lee to Air Jordan Fusion earn hundreds of millions of family wealth, deep relationships with three generations of the Korean government. \u0026 Ldquo; chaebol \u0026 rdquo; the pursuit of wealth, of power, has led the brothers against each other, Lee lost her daughter. Samsung's Lee Kun-hee in charge contained 27 brutal logic: only the first to survive. Grandma's childhood upbringing last late 1930s, Lee's father Lee Byung Cheol to 30,000 won to set up investment \u0026 ldquo; \u0026 rdquo ;, Samsung Chamber of Commerce Chamber of Commerce initially mainly engaged in dried fish, vegetables, fruits and other agricultural products export business, and soon Lee Byung Cheol opened Flour and sugar mills, and later involved in the petrochemical, shipbuilding, aerospace, electronics, telecommunications and other fields, but also became one of the Sony, Matsushita and other Japanese enterprises supporting processors, has gobbled up six billion won a year, to be called \u0026 ldquo; \u0026 rdquo ;. venture devil Because parents are busy no time to take care of business, coupled with social unrest during the war, as the Seven siblings, Lee soon after birth grandmother was sent to custody. Here, a child's grandmother Lee is the most heard about father Byung Cheol patiently carve story. Feel lonely student life although not parents, but her grandmother meticulous care and attention, Lee also felt the happiness of childhood. However, until Lee finished the fifth grade, his father forced it to Japanese schools. Due to the frequent transfer to Japan after Lee is very difficult to make friends, feel lonely, to spend their spare time watching movies. Lee on the first day before his father made a strong desire to return to school, his father made a concession, Lee to return home. However, after Lee graduated from high school with honors and was admitted to Yonsei University, his father down again \u0026 ldquo; expulsion \u0026 rdquo; \u0026 mdash; \u0026 mdash; force to be sent to the celebrities is rife Waseda University Business School. After that, Lee was sent to the United States, George \u0026 bull; the University of Washington School of Management, majoring in economic management, and a minor in mass media. Lonely childhood experience, and honed Lee precocious character, created his unique way of thinking and look at the problem perspective. These experiences of character formation after Lee had a significant impact. Samsung Samsung origin predecessor was founded in 1938, Samsung trading company, in the freight business. Founder Lee Byung Cheol steered the company through the Japanese invasion and the Korean War, became a successful family consortium, and in the 1960s, advancing electronics industry. The South Korean government was expected to develop into a big manufacturing country against North Korea and Japan are emerging revival. To this end, the Air Jordan Fusion Government has selected a number of energy companies towards this goal. In this context, Samsung has been the government's full support and new industrial machinery. Neglected announcer Lee Byung Cheol fathered three men and five women, Quentin Lee and 李淑熙 are long male and mezzo, is the second son of Li Changxi ranked third, is the third son of Lee, ranked seventh of all the brothers and sisters. Lee Byung Cheol not actually his father's successor in the eyes of first choice. After returning from school, his first job was in the TV station announcer, the daily job is to introduce radio Samsung products, until 34-year-old was appointed vice president of Samsung Corporation, and counting on this seat is 10 year. Korea wins three sons and wealth inheritance rights continue also insisted \u0026 ldquo; not pass long pass entropy \u0026 rdquo; tradition. Lee Byung Cheol Lee take over 20 years before had been the eldest son Quentin Lee Chuan-bit. 1966 occurred \u0026 ldquo; \u0026 rdquo ;, saccharin smuggling door forced to resign from the Samsung chairman Lee Byung Cheol position, the second son of Li Changxi arrested for smuggling. Quentin Lee after the win, his father began to crowd out the letter, but 李昌熙 after release to Lee Byung Cheol also launched a war to seize power. Lee Byung Cheol furious, imprisonment Lichang Xi, on Quentin Lee suffering from paranoia wishes his name off to the mental hospital. In this case, Lee Byung Cheol was finally established as the heir to the family business. After 25 minutes of \u0026 ldquo; enthroned \u0026 rdquo; Lee after he was promoted to vice president of Samsung Group, was placed in the room next to his father, president of the office, ready to accept his father harsh training. Whenever his father out, Lee always followed. Not only that, he also insisted on a day to the father's residence, accompanied by caring for his father, listening to his father about the war and manage the many teachings until my father sleeping and then go home, which has become famous for some of the story. In 1987, after the death of Li Bingzhe 25 minutes the day, board members unanimously approved as Samsung chairman Lee Kun-hee's decision, Samsung will enter the era of Lee. \u0026 Ldquo; Samsung \u0026 rdquo; from the Chinese character \u0026 ldquo; Samsung \u0026 rdquo; get to the Korean name, meaning \u0026 ldquo; \u0026 rdquo ;, three stars represent the three stars, long, long time. \u0026 Ldquo; three \u0026 rdquo; the Korean people, a symbol of complete. Samsung has been a decades-long pattern of use of the trademark three stars. Lee came to power quickly abandoned the original trademark is still in use instead of neutral blue oval logo. Lee has revealed that: \u0026 ldquo; as a trademark Samsung blue background, the intention of passing consumers can rely on the brand. \u0026 Rdquo; flashed \u0026 ldquo; new business \u0026 rdquo; banner took the flag from his father handsome Lee actually very clear basic conditions of Samsung. At the time many people, but Samsung is an import and export trade and second-rate imitation of similar products in Japan business only, and due to excessive expansion, Samsung had already produced up to 300% of the debt ratio. Either conservative barely live, or innovation to find a way \u0026 mdash; \u0026 mdash; before Lee seems that only two roads. Thus, Samsung's second year in power, in the 50th anniversary celebration of the General Assembly on the establishment of the company, Lee boarded'll altar Qingqi to enhance product quality for the content of \u0026 ldquo; new business \u0026 rdquo; banner. However, the patriarch of a family business and the inertia of thinking gathered in the main Samsung, Lee cry and not widely echoed. In addition to his wife and children, the other should be changed early in 1993, Lee travel to Los Angeles, when he led a number of senior managers to Samsung's large department stores when local investigation was surprised to find, when Samsung products, though cheap, but nobody cares; Lee deliberately sent every manager $ 1,000 for the purchase of Sony's most popular products, and one by one compared with Samsung products. Lee has eloquently spoke seven hours, officially released its own \u0026 ldquo; new business \u0026 rdquo; declaration. At the meeting, Lee denounced the Samsung insiders popular \u0026 ldquo; weight quantity of light quality \u0026 rdquo; the atmosphere, he asked more than 1,800 managers, Samsung \u0026 ldquo; In addition to his wife and children, the other must change \u0026 rdquo ;. After coming back from Frankfurt less than two months time, Samsung's Lee Kun-hee to various departments frantically done Nike Shoes 48 times total of more than 350 hours of lecture. And compiled into a book distribution, the reform spread to the whole atmosphere of this Samsung. Quality demanding Actually, Lee next series of quality control operation so that people witnessed his pride reform ton output capacity. Quality problems was produced by Samsung phone, Lee then ordered bulldozers to 15,000 low-quality wireless telephone steamrollered, and order the person in charge to watch. When a mobile phone was the Samsung after customer complaints, Lee also ordered the $ 50 million worth of inventory phone set to the factory courtyard, after Lee led the company's senior managers and 2,000 employees of these phones with a sledgehammer smashed to pieces, and then burn it with fire. Until now, Samsung's managers when the phone is not out of the window, with trucks rolling or buried in snow in the winter, in order to test the quality. A genius can feed millions of people from the year onwards Frankfurt conference, Samsung will be 7% of sales on R \u0026 D and product design every year, focus on technological innovation and thus have enabled people throughout the \u0026 ldquo; new business \u0026 rdquo; plan the entire process. In the 'Samsung New Management,' a book, Lee wrote: \u0026 ldquo; a genius to feed millions of people, and creativity is the most important boosters business success, so we need to hire the best talent. \u0026 Rdquo; in order to attract high-quality personnel, Lee took the lead in the implementation of the annual salary system in Korea and meritocracy. \u0026 Ldquo; technology-oriented \u0026 rdquo; Samsung Lee Kun-hee said: \u0026 ldquo; Samsung have today, I think it is because there is technology as backing. Although today have jointly developed between us and the world-class enterprise technology jointly marketing, but in the early to mention the technical guidance, and even spend money on technology is not easy. Plus the total time of the Korean operators that technical workers only craftsmen, not how looked down, I had to stand up, just like with the customer as sincerely technical workers to Japan or the United States little by little advice. Fortunately, I grew curious about new things like get to the bottom, it has been very forward to hearing the new technology, good technology. As long as a free, advanced countries will be to study the technical staff for advice, and then pass on to our technical staff. \u0026 Rdquo; the paranoid style of a sense of crisis in June 1993, the Secretary Office of the Mayor Lee soo bin recommendations: \u0026 ldquo; We can not give up the amount of business. \u0026 Rdquo; Lee very angry, leaving teaspoon, walk out, this is the Samsung people spread \u0026 ldquo; \u0026 rdquo ;. teaspoon event Soon, Lee Ming officer to replace Lee Hyun-Soo Bin served as Secretary Office of the Mayor. March 2002, the US 'Time' magazine predicted based on brand recognition, Samsung Electronics will exceed the then world's largest consumer electronics company in three years \u0026 mdash; \u0026 mdash; Sony, Samsung all employees cheered. April 19, Samsung elite were called meeting. I thought this was a celebration, but unexpectedly \u0026 mdash; \u0026 mdash; The meeting will begin with product comparison tasting will begin to Samsung products, compared with the world's best products. Lee, speaking four hours, the core content is to provide advice and severe challenge to the soul of these companies work. The meeting lasted until 2:00, 8:00 the next day to start the second round of \u0026 mdash; \u0026 mdash; in a tense atmosphere throughout the session in open 50 hours off. Samsung established in 2010 into the world's top three long-term strategic \u0026 mdash; \u0026 mdash; and the first in the world to the American General Electric and Japan's Sony to keep pace. Muji makers like Lee grew up introverted, quiet, unsmiling, called Muji. Once caught in thinking, sometimes even forty consecutive hours without sleep. But Lee once opening statement, it goes to the core. In 1995, the Republic of Korea to Seattle aircraft, a middle-aged man sitting in the first class will be in the hands of a slider phone is open and closed, closed and open, he will do an important decision. To the ground, he took out the phone, dial-up, to marketing manager, to say something to the side of the staff are amazing words, \u0026 ldquo; 15 million mobile phones all recall, all the price we assume that henceforth no longer produce the product \u0026 rdquo ;. Of making a wrong decision to pay the late 1990s, in the case of Korean auto oversupply, Lee announced its entry into the automotive industry, many people are questioning the decision. As we all know, Lee is an avid car enthusiasts. Lee was in Busan, spent $ 3 billion to build the annual production of more than 240,000 car factory, the final result is that Samsung Motors has sold just under 50,000, most of them are sold to employees, in 2000, Samsung Motors is forced fire sale to Renault. To this end, Lee announced that he pay for the event. He donated two billion won personal property, assumed the automotive sector to invest almost full responsibility for the failure. 'Fortune' magazine, the author praised Lee is \u0026 ldquo; to take responsibility for the wrong investment decisions CEO \u0026 rdquo ;. Third venture: the representative of a longer-term vision than ordinary Lee \u0026 ldquo; third start \u0026 rdquo; the most generous is the Samsung Group announced in 2020 to 23.3 trillion won investment decisions in new industries. According to Lee's layout, piece of cake will be cut into 5 parts: solar cells, rechargeable battery electric vehicles, LED, bio-pharmaceuticals, medical equipment. His ambition is that by 2020, these five future growth engine will generate about $ 44 billion in revenue. Lee seems to be better than the average person to see farther, the late 1970s, he persuaded his father to get involved in the semiconductor industry, and 20 years after the first in the world to do business. Samsung Samsung empire's rise not only has traditional ties chaebol, it was founded in 1938 Byung Cheol to sell fruit and dried fish Samsung Chamber of Commerce still has blood on contact, which saw the defeat of Japan, the Korean War, and Lee Seung-Wan , Park Chung-hee, Chun Doo Hwan, Roh these authoritarian regimes. With Hyundai, Daewoo and other South Korean family businesses, Samsung's early development and growth and support the Korean government are inseparable. Especially in the 1960s, when the military rulers took over state power for 15 years, government support for the chaebol to the reflected through policy intentions and stable economic order, including Samsung chaebol thereby obtaining a variety of concessions from the government and monopoly privileges. This is true, the chaebol and politicians have maintained a very close relationship. The difference is that 70 years of the last century outbreak of the Asian financial crisis, the Daewoo consortium is not bankrupt many families killed, mutilated prostitute is helpless, but with the exception of Samsung and other giants lucky few survived, and relations with the government seems more to the more subtle. It is this particular context, the interpretation of the first gray Lee drama of life. Political bribes case dropping in February 2006, five months abroad returned Lee in Seoul airport accidentally encountered a reporter's \u0026 ldquo; \u0026 rdquo ;. siege Was sitting in a wheelchair and into his right knee in a cast of Lee Kun-hee in a clear, deep voice told the presence of reporters: \u0026 ldquo; I own confusion caused by last year's sorry, I'll take full responsibility for this. \u0026 Rdquo; Lee said \u0026 ldquo; chaos \u0026 rdquo; refers to the Samsung Group was exposed in September 2005 two piles economic scandal. One of them, Lee allegedly implicated in the murder case of political contributions in 1997, South Korea's president election. After apologizing finished, Lee entered under limousine surrounded by bodyguards, left the public eye. Three days later, the Samsung Group announced $ 1 billion donation \u0026 ldquo; \u0026 rdquo ;, to the community in which the main contributions from the Lee family property. But then the story of the final interpretation of the results are so many Korean staggering: after Kim took office, Lee received a special presidential pardon. High-strength anti-corruption investigation in November 2007, the Samsung Group, the former legal affairs chief Kim Yong-chul claimed that on live TV, Samsung all subsidiaries are now offering bribes account executives saying the name of this account is about more than 1000, The total amount of nearly $ 200 million. Lee's official response beyond expectations. The next day, South Korean National Assembly by a vote, agreed to set up an independent investigation team for an independent inquiry. South Korean police quickly dispatched police to the residence of Lee Kun-hee, Samsung Group and launched a rare historic Hunting. Lee's son Lee Jae-yong received even more than up to 14 hours of high-intensity survey. It is reported that some of the evidence against Lee himself was found at his home. Re pardon April 17, 2008, Lee on suspicion of tax evasion and illegal transfer of management rights have been prosecuted. Five days before the news has not been officially announced, Samsung Group chairman Lee Kun-hee announced his resignation from the post, as usual, he bent over 90 degrees on television to apologize to the Korean people bow. The following year in August, the Seoul High Court sentenced Lee to three years imprisonment announced, suspended for five years, fined another 110 billion won. However, in 2009 the last day, South Korean President Lee formally announced at a cabinet meeting on pardon Lee. For Amnesty Lee, Lee's explanation is simple: \u0026 ldquo; \u0026 rdquo decide its amnesty from the national standpoint ;. Within the meaning of \u0026 ldquo; national positions \u0026 rdquo; Air Jordan 15 forgiveness is an attempt by Lee to help South Korea host the 2018 Winter Olympics. Taiji's Samsung has grown up in the blessing of the government and the chaebol Samsung centralization seem to be South Korea's benchmark, they have huge energy people gasp in admiration. Samsung Group is South Korea's largest conglomerate, gathered more than 80 branches of its industrial real estate, shipping, insurance and electronic products, all worth more than $ 300 billion; Group has an annual output equivalent to 20% of the GDP of South Korea, South Korea is paid taxes accounted for 10% of total revenue in the country. Samsung has nearly 20 kinds of products in the world market share in the first global enterprise, Samsung as well as the three Nike Air Max subsidiaries was named the 'Fortune' magazine as the world's top 500 companies. Korea \u0026 ldquo; Lee \u0026 rdquo; as Samsung's weight in the economy like Korea, Samsung's Lee family influence on the energy nor nothing less than powerful. Currently, the Lee family owned shares of listed companies totaled 10.8 trillion won, while accounting for less than 10% stake in Samsung Group, but Lee family control through cross-shareholdings Samsung's 80 subsidiaries. According to South Korean business information portal \u0026 ldquo; chaebol net \u0026 rdquo; Korea 400 richest list released by the personal assets of more than 1 trillion won of South Korea richest 25 people, including Samsung's Lee Kun-hee and children and other family origin accounted for 8 people. On a personal fortune worth Lee reached 8.5913 trillion won for the veritable Korea's richest man. Of course, the impact on South Korea's Lee not only reflect on their personal wealth energy. For example, Samsung's Lee Kun-hee has been practiced in every day to go to work 7:00 4:00 prepared to work in a new job, a move that once changed the whole Korean daily routine schedule, not only that, Samsung in Korea lead in the implementation of the five-day working South Korean companies have become today habits. Centralization: Do not be a plan of Lee Kun-hee, chairman of Samsung Lee Kun-hee in a plant inspections, the company had asked employees must not through the window when they enter the building to watch out, because such a plan would be Lee. In addition, the factory also require employees to cars are parked behind the building, to avoid being seen Lee \u0026 mdash; \u0026 mdash; it is clear that they do not deserve to enter the car Lee's line of sight. In addition, the toilet will put some mint to improve the smell. When Lee entered the building, the ground would even laid the red carpet to welcome him. Samsung internal Japanese engineer, said: \u0026 ldquo; Samsung is like a religion, and chairman Lee Kun-hee is God. \u0026 Rdquo; he is the king of \u0026 ldquo; chaebol \u0026 rdquo; centralization brings ingrained corporate culture: Samsung employees to as \u0026 ldquo; subjects \u0026 rdquo; general to \u0026 ldquo; King \u0026 rdquo; Lee allegiance. In 2004, Samsung Life in an investigation Nike Air Force 1 of financial supervisors, employees run the risk of conflict with the law, unauthorized deletion of more than 60,000 copies of electronic documents. In 2005, when the Fair Trade Commission investigation petrochemical industry price collusion case, an employee of Samsung Total's suddenly snatched material to escape, and the destruction of evidence under the cover of his colleagues. Samsung faces an uncertain future in the Internet wave of the invasion, although Samsung is still among the best corporate giants, but can not help but slow. Since Samsung over-reliance on consumer business, coupled with a huge upstream investment, far less than its overall profitability Hewlett-Packard, Siemens and other giants. Statistics show that Samsung Electronics currently maintain about 11% annual profit, but the US Apple, Google and other software-based profit margins are above 30%. Samsung products from semiconductors, LCD TVs, mobile phones to home appliances have reached the limits of growth potential, and who's LCD business Samsung heavy head in nearly $ 900 million operating loss in 2011, five years after it was OLED television substitution has become a trend. Lee not obscure noted: \u0026 ldquo; in the case of the global economic turmoil, even the world's best companies are also collapse, Samsung also faces an uncertain future. \u0026 Rdquo; from Samsung \u0026 ldquo; God \u0026 rdquo;? The greatest threat to the building just when cracks appear, the person will have a keen smell the taste of it. \u0026 Ldquo; The irony is that the biggest threat facing the Samsung corporate management was actually Lee himself. \u0026 Rdquo; A South Korean researchers said. Quentin Lee's brother Lee and sister 李淑熙 prosecute him in 2012 to ask for $ 850 million in shares. Quentin Lee said: \u0026 ldquo; Lee greed led to our prosecution. \u0026 Rdquo; Lee abnormally publicly denied the allegations and said: \u0026 ldquo; do not give a child child Quentin Lee. \u0026 Rdquo; this naming controversy glaring. Lee family has been incompatible contradictions. Korean chaebol political decline due to fears that South Korea's largest business-to-home country's influence is too large, the Korean politicians have called for the strength of Samsung and other chaebol were constraints, it has also become a topic of Korea before the presidential election campaign. In recent years, Samsung, Hyundai and other chaebol but lose ground in the global market, shine, and repeatedly hit a new historical high operating performance. Especially Samsung, one of its annual sales, equivalent to 20% of Korea's GDP. Many Korean exclaimed, South Korea is no longer just a \u0026 ldquo; \u0026 rdquo ;, chaebol Republic but has become \u0026 ldquo; \u0026 rdquo ;. Samsung Republic In contrast, the Korean economy has become stagnant, low growth into the mire, there are many small and medium enterprises and self-employed individuals operating difficulties, and even into the edge of bankruptcy. In addition, as 朴瑾惠 new government came to power, the implementation of bold \u0026 ldquo; \u0026 rdquo ;, economic democratization limit chaebol unlimited expansion of illegal business activities against the chaebol, almost making South Korea's major \u0026 ldquo; chaebol \u0026 rdquo; feel insecure He had \u0026 ldquo; low-key \u0026 rdquo; to act. \u0026 Ldquo; chaebol \u0026 ldquo; politics Samsung Group chairman Lee Kun-hee victim had a son and three daughters, one daughter, Li Yin Xin 2005 suicide the most attention. Lee Yin Xin is his youngest daughter, at the age of 20 to have $ 191 million shares of Samsung Group, it is one of the richest women in South Korea. Li Yin Xin wealthy suicide is a common reason for feeling frustrated. Wealthy daughter fell in love with a poor boy, strongly opposed the family of Lee Yin Xin despair, the loyalty of Korea First richest woman, with a two-meter-long cable ended his life of only 26 years old. Lee had cherished the youngest daughter, despite family opposition, she is interested in the purchase of various sports car luxury sports car. Final on marital problems, still follows the \u0026 ldquo; chaebol \u0026 rdquo; political marriage law. And the wealthy daughter sentimentalism is sad to leave last words: \u0026 ldquo; you believe in modern society as well as 'Madame Butterfly' presence you have, indeed, because I am?. While desperate love, but I have no regrets. Caused me to doom is precisely this earth's most beautiful and most fascinating thing \u0026 hellip; \u0026 hellip; \u0026 rdquo; iffy successor 46-year-old Lee Jae-yong is Lee's only son, described his mouth \u0026 ldquo; golden key \u0026 rdquo; born. Lee Jae-yong and Lee's educational experience is very similar, at a very early age was sent to Japan and the United States to study. 2000 Lee Jae-yong back to Korea, in three months he founded 14 Internet companies. Unfortunately, just one year later, Internet companies rapidly decline. Last resort by Samsung to come forward to buy their shares, only to restore the double loss of his economic and reputation in. Although Lee is the only son succession has \u0026 ldquo; formations \u0026 rdquo; more than two years, and now there are still critics say: \u0026 ldquo; we are not aware of his ability, and everyone knew that he would be the next king. \u0026 Rdquo; also a senior Samsung Samsung employees worry he does not understand the customer, due to ignorance Nike Heels Boots \u0026 ldquo; ordinary \u0026 rdquo ;. Can really \u0026 ldquo; \u0026 rdquo ;? Hermitage despite Lee in South Korea has a large enough influence, the star character rarely appeared in public. To this end, Lee was \u0026 ldquo; hermit President \u0026 rdquo; title. However, over seven years, with several dying he can really \u0026 ldquo; Hermitage \u0026 rdquo; is still unknown. Samsung is facing a chaebol-style centralized organizational structure to bring strict, innovation and profitability decline grim situation is not clarified before the old helmsman course, shift becomes very dangerous. The rise of China-made mobile phones are being fueled, according to Samsung's second-quarter results, profits had plummeted 24.6 percent, is the worst since the second quarter of 2012 results. The second quarter millet become China's largest smart phone manufacturer, Samsung became the second. (Fang Ya expectations)