Feeds

Samsung Electronics chair Lee Kun-hee hospitalised

Dynastic intrigues follow heart attack for leader of Samsung's biggest division

Protecting users from Firesheep and other Sidejacking attacks with SSL

Lee Kun-hee, the chair of Samsung Electronics, has reportedly been hospitalised and is receiving “emergency treatment” for a heart ailment.

South Korean news service Yonhap has published rolling reports suggesting Lee, 72, experienced shortness of breath on Saturday evening, was subsequently hospitalised and required cardiopulmonary resuscitation. By Sunday he underwent surgery to treat a heart attack.

Yonhap's most recent report, at the time of writing, says Lee survived the surgery.

Lee's illness probably won't impact day to day operations across the sprawling Samsung group, which he led from relative obscurity to global prominence during a 21-year stint as chairman from 1987 to 2008. That stint ended after a domestic political bribery scandal, but Lee returned two years later to assume the Chairman's role at Samsung Electronics. As that entity is the group's largest, it gave him significant influence throughout Samsung.

Lee's health hasn't been good for a decade: Yonhap says he had lung surgery in the 90s and his respiratory system hasn't been in top condition since.

At 72 it's therefore expected he'll retire, which has led to some dynastic machinations – and speculation – within Samsung about his successor. Lee's son, Lee Jay-yong, is expected to take the crown at Samsung electronics.

Lee Kun-hee's illness is probably an unwelcome distraction for the Samsung Electronics, which recently posted tepid results and parted ways with its head of mobile device design after a disappointing reception for the Galaxy S5.

The company remains a powerhouse: the $US50bn it hauled through the doors in Q1 makes it the world's biggest IT concern by revenue. But with the mobile devices market it relies on showing signs of slowdown, now's a time strong and experienced leadership will be appreciated.

Which may sound a callous way to appraise a situation when a wealth-creating titan lies ill. Markets, doubtless, will be rather blunter in their assessment if they feel Lee's illness will negatively impact Samsung's fortunes. ®

Website security in corporate America

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.