ee Byung-chul (February 12, 1910 Uiryeong, Gyeongsangnam-do November 19, 1987 Seoul)

was the founder of the Samsung Group and one of South Korea's most successful businessmen.
With the breakup of the Hyundai chaebol, Samsung is now South Korea's largest business group[1]
Contents
[hide]

1Early life

2Career
o

2.1Beginning

2.2Federation of Korean Industries

3Korean art collection

4Family

5See also

6References

7External links

Early life[edit]
Byung-chul was the son of a wealthy landowning family (a branch of the Gyeongju Lee clan). He
attended college at Waseda University in Tokyo, but did not complete his degree.[2]

Career[edit]

Beginning[edit]
Byung-chul established a trucking business in Daegu on March 1, 1938, which he named Samsung
Trading Co, the forerunner to Samsung.[2] 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.[3] With the conquest of Seoul by the North Korean army, Lee was forced to
relocate his business to Pusan. 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 trucking company.[3]

In 1961 when General Park seized power, 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. [3]

Federation of Korean Industries[edit]

Later in life, Byung-chul served as chairman of the Federation of Korean Industries and was known
as the richest man in Korea.[4]

Korean art collection[edit]

After his death, Byung-chul's estate (Ho-Am) was opened to the public for tours. His collection
of Korean art is considered one of the largest private collections in the country and it features a
number of art objects that have been designated "National Treasures" by the Korean government.
[5]
Ho-Am is located a short distance from the Everland park, South Korea's most popular amusement
park (Everland is also owned by the Samsung Group).

Family[edit]

Lee Byung Chul (November 19, 1987) - 1st chairman of Samsung.

1st wife: Park Du-eul (1905 ~ 2000)

1st daughter: Lee In-hee (1928 ~ )

1st son: Lee Maeng-hee (June 20, 1930 ~ August 14, 2015) - Founder of CJ Group (he lost
the lawsuit with Lee Kun-hee)[3]

2nd son: Lee Chang-hee (1932 ~ 1990) - Founder of Saehan

2nd daughter: Lee Suk-hee (1937 ~ )

3rd daughter: Lee Soon-hee (1939 ~ )

4th daughter: Lee Deok-hee (1941 ~ )

3rd son: Lee Kun-hee (1943 ~ ) - 2nd chairman of Samsung.

5th daughter: Lee Myung-hee (1948 ~ )

4th son: Lee Tae-whi (1946 ~ )

6th daughter: Lee Hye-ja (1961 ~ )

See also[edit]

List of Korea-related topics

List of Koreans

References[edit]
1.

Jump up^ Jung-hyun, Bang (February 11, 2010). "Hail the Father of Business, Lee Byungchul". Korea IT Times. Retrieved May 5, 2016.

2.

^ Jump up to:a b Woo, Jaeyeon, "Memorializing Company Founder, With Ads, 3-D and
Holograms", Wall Street Journal, July 22, 2011, Korea Realtime, [1]

3.

^ Jump up to:a b c Watkins, Thaer, "The Chaebol of South Korea", Website, downloaded July
22, 2011, [2]

4.

Jump up^ "Samsung's development in chronological order"

5.

Jump up^ Ho Am Art Museum, "Official Web Site"

External links[edit]

Samsung Group

[]

2011-12-21

me. His notable act of scoring a perfect series (score of 900) 2 times in a year during Michigan's
Regional Competition held at Skore Lanes in Taylor, Michigan.

PBA history[edit]
20th century[edit]

Prior to the PBA's inception, bowling was broadcast on television sporadically beginning in the early 1950s. NBC began with an
regular weekly bowling shows, including Make That Spare and Jackpot Bowling began airing nationally.

At the same time, there was a desire to start a professional bowling division in the United States; an effort led by Eddie Elias, a s
Bowling Congress) tournament in Syracuse, New York, sixty men, including Don Carter, Frank Esposito, Buzz Fazio, Matt Lebh
Smith, Ray Bluth, Dick Hoover, Bill Bunetta, Robert "Bobby" Bellew, and Junie McMahon, attended a presentation by Elias. Af
totaling $1,650 to start the organization, which was incorporated in 1958, and headquartered in Akron. The investors then became
membership. Bill Bunetta was slated to be the first commissioner of the PBA by Eddie Elias but Bill was still a very active bowle
career[citation needed].

Competition began in 1959 with three tournaments. Italian-born Lou Campi of Dumont, New Jersey won the first event (the Emp
Open and the Dayton Open)[7]