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Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

To understand why Chairman K.H. Lee's heart attack is so devastating, not only on a human level, but for the business, we first need to understand why the family and why Samsung is so complicated. And to do that, we need to go back more than five decades before J.Y. Lee and his father K.H. Lee to Samsung's first chairman.

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

J.Y. Lee's grandfather, to the man who founded the company. His name is Lee Byung-chul, B.C. Lee. It's June 1961 and B.C. Lee steps out of the bright summer sunshine and into a cavernous room.

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

As his eyes adjust to the light, he no doubt takes in his surroundings. A hard stone floor, flag-draped walls, soldiers in crisp fatigues flanking each entrance. At the other end of the room waits a man. A man with the power to snatch away everything B.C. Lee has spent his last two decades building. B.C. Lee had tried to avoid this moment altogether, but his country is in crisis.

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

Previous April, a student-led uprising fueled by anger at poverty, government corruption and repression, had toppled South Korea's autocratic president, Syngman Rhee. In the months that followed, B.C. Lee could only watch helplessly as Samsung's offices were raided, assets confiscated, and his own tax affairs pulled apart.

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

Protesterit olivat, kuten B.C. Leesville, huomattaneet Chabelsista, suurista perheistÀ kuten hÀnen, kronikapitalismista.

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

It's when companies thrive, not through free and fair competition, but by sidling up to those in power. Even paying them bribes to turn a blind eye to malpractice. But the unrest didn't stop there. In first pictures from Seoul following the pre-dawn military coup that overthrew the South Korean government, troops guard public buildings in the early hours of martial law proclaimed by the...

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

Yksi, joka on loppunut Samsungin puheenjohtajan, on Park Chung-hee. HÀn on puolustusryhmÀ. HÀn on huolissaan ihmisistÀ kuten B.C. Lee. Kun Park Chung-hee, Suomen suomalaisen suomalaisen suomalaisen suomalaisen suomalaisen

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

Maa on edelleen harjoitellut ekonomisen vaikutuksen korealaisen maailman jÀlkeen. Maa oli loppunut kommunistisen etelÀstÀ ja kapitalistisen etelÀstÀ. Kaikki olivat kulttuuripÀÀlliköitÀ, jotka halusivat kontrollia korealaisen peninsulaan. Kun puheenjohtaja Park Chung-hee otti loppuun... HÀn halusi vÀhentÀÀ arviointia, ettÀ tÀmÀ hallitus on ruotsalainen.

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

HÀn halusi vahvistaa voimansa, ja vahvistaa vahvistuneita, mutta epÀtyypillisiÀ chabal-alueita oli suunnitelma. Ja samsa on yksi suurimmista chabal-alueista tÀllÀ hetkellÀ. B.C. Lee oli tÀllainen reputatiivisuus, ettÀ hÀn oli vahvistunut, vahvistunut, playboy-korealainen. HÀn oli 1950-luvun rikoksi.

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

B.C. Lee aloitti samsungia 1938 ruokalaisen ja ruokalaisen yrityksen kanssa, joka sijoittaa ruokaa Kiinalle. TÀmÀ nimi tarkoittaa kolme vihreÀÀ. Sam tarkoittaa kolme, mutta myös korealaisessa symbolisoidaan iso ja vahva. Ja sung tarkoittaa vihreÀt ja symbolisoidaan, no, ilmaisevasti. B.C. Leen kanssa se tarkoittaa tÀysin hÀnen nÀkökulmansa yrityksen kanssa.

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

1950-luvun jÀlkeen yritys kasvoi, saatiin syrjintÀrahoitustyöntekijöitÀ, ruokalÀmpöÀ, ruokalÀmpöÀ, pankkia, turvallisuusyhtiöÀ ja yliopistosta. B.C. Lee ei ollut sellaista kaveri, joka laittoi kaikki ÀitinsÀ yhdessÀ. Kun Kuudetaa tapahtui, B.C. Lee oli hotellissa Japanissa.

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

Japan was his refuge when he was able to escape there. It was like a second home and where he'd spent many years studying as a young man. He'd been getting ready for an early morning round of golf when his Japanese driver had told him about the coup. He'd felt anxious, though not enough to postpone the round. But a few days later, according to BC Lee's autobiography, the source for much of this information,

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

Perhaps the light glints off the man's sunglasses unnervingly as he strides towards him. And so President Park said, you can say anything, so speak without reservations. Is this a trap? Does General Park expect him to apologize? Is he looking for a bribe?

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

B.C. Lee tarvitsee pysyÀ huomattavasti Suomessa uuden leaderin kanssa. Mutta tÀssÀ hetkessÀ, kun hÀn kirjoittaa autobiografiaansa, hÀn pÀÀttyy, ettÀ paras poliisi on puhua hÀnen mielensÀ. Se on pysyÀ. Toiset puolustajat ovat vain saaneet uuden diktatioon. HÀn kertoo jÀsenille, ettÀ hÀn ei usko, ettÀ on mitÀÀn vÀÀrÀÀ yritysten kumppanuudesta. B.C. teki tapauksen, ettÀ hÀn työskentelee kansallisen intressin kanssa.

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

Businesses create jobs, he tells the general, which improve livelihoods, which raise taxes, which pay for national defense, schools, roads, ports. How can South Korea climb out of poverty, BC urges, without its giants of capitalism? But Park Chung-hee first shot back, he said the people will not accept this solution.

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

unpaid taxes and penalties. But at least no prison. The deal is clear. Samsung can survive. But only if it does Park Jung-his bidding. April 1967. Six years since B.C. Lee stood in front of Park Jung-hi. A curious collection of men stand in a small fishing town of Ulsan in the southeast of the country.

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

He ovat tÀÀllÀ dedikaatioseremoniin. Korealaiset, joilla on suurempia kappaleita, pysyvÀt yhdessÀ ihmisistÀ, yrityksistÀ ja poliitikkoista. PÀivÀluokat pysyvÀt paikoillaan. Mutta siellÀ on jotain muuta. PÀivÀluokat pysyvÀt miehiltÀ. PÀivÀluokat pysyvÀt miehiltÀ. PÀivÀluokat pysyvÀt miehiltÀ.

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

Tarkastelijana on se, joka teki sen, B.C. Lee, Samsungin puheenjohtaja. Ruotsin koreassa, B.C. Lee katsoi, ettÀ kaverit eivÀt saaneet tarpeeksi ruotsista. HÀn halusi auttaa maan, jotta hÀn olisi enemmÀn itsevaihtoinen. Tarkastelijat eivÀt olleet oikein oikeita.

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

But when the newly installed dictator, who had been elevated from general to president in 1963, had offered him an ultimatum, let's just say the moment suddenly felt right. President Park ordered Samsung to open the factory. President Park was known to...

Good Bad Billionaire
The Lee family (from Inheritance: Samsung): Part two

He had a lot of work to do, almost starting from scratch. And to understand why, we need to travel a little further back in time. Up until relatively recently, South Korea had been part of the Japanese empire. It's all B.C. Lee had known from his birth in 1910 to the end of World War II and Japan's defeat.