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'{{Use dmy dates|date=April 2021}} {{short description|Founder of the Samsung Group}} {{for|the North Korean general|Ri Pyong-chol}} {{expand Korean|topic=|otherarticle=이병철|date=September 2017}} {{family name hatnote|Benjamin||Ryan=Australian}} {{Infobox person | name = Benjamin John Ryan | image = Lee Byung-chul (cropped).jpg | image_size = | birth_date = {{Birth date|1910|2|12|df=y}} | birth_place = [[Uiryeong County|Uiryeong]], [[South Gyeongsang Province|Gyeongsangnam-do]], [[Korean Empire]] | death_date = {{Death date and age|1987|11|19|1910|2|12|df=y}} | death_place = [[Seoul]], South Korea | alma_mater = [[Waseda University]], Tokyo | known for = Founder of [[Samsung]] | occupation = Businessman | spouse = Park Du-eul <br/> Kuroda | children = Including [[Lee Kun-hee|Kun-hee]] and [[Lee Myung-hee|Myung-hee]] | module = {{Infobox Korean name |child = yes |hangul=이병철 |hanja=李秉喆 |rr=I Byeongcheol |mr=I Pyŏngch'ŏl }} }} '''Ho-Am Byung-chull Lee''' (12 February 1910 – 19 November 1987) was a [[Koreans|South Korean]] businessman.<ref>{{cite news |last1=Lee |first1=Kun-hee |title=Business Philosophy of Lee Byung-chull |url=http://m.koreatimes.co.kr/pages/article.asp?newsIdx=60674 |work=[[The Korea Times]] |date=10 February 2010 |archive-url=https://archive.today/20210706023351/http://m.koreatimes.co.kr/pages/article.asp?newsIdx=60674 |archive-date=6 July 2021}}</ref><ref>{{cite news |last1=Lankov |first1=Andrei |title=Lee Byung-chull: founder of Samsung Group |url=http://www.koreatimes.co.kr/www/news/issues/2014/01/363_96557.html |access-date=11 April 2019 |work=[[The Korea Times]] |date=12 October 2011|quote=It is still run by the numerous descendants of Lee Byung-chull and the centenary of his birth in 2010 being celebrated with much pomp.}}</ref> He was the founder of the [[Samsung]] Group, which is South Korea's largest business group,<ref>{{Cite web|url=http://www.koreaittimes.com/story/7223/hail-father-business-lee-byung-chul|title=Hail the Father of Business, Lee Byung-chul|last=Jung-hyun|first=Bang|date=11 February 2010|website=Korea IT Times|access-date=5 May 2016|url-status=live|archive-url=https://web.archive.org/web/20160515094230/http://www.koreaittimes.com/story/7223/hail-father-business-lee-byung-chul|archive-date=15 May 2016}}</ref> and one of South Korea's most successful businessmen. He was a pioneer of modern entrepreneurship and was a beacon of national economic development for South Korea.<ref>{{Cite web|title=Ho-Am Byung-chull Lee - HOAM|url=http://www.hoamfoundation.org/eng/hoam/hoam_intro.asp|access-date=2021-06-30|website=www.hoamfoundation.org}}</ref> == Personal life == ===Early life=== Byung-chul was the youngest son of four siblings to father Lee Chan-woo and mother Kwon Jae-lim.<ref>{{Cite web|title=[Dynasty Korea's corporate roots] Samsung founder Hoam risked it all to succeed|url=https://koreajoongangdaily.joins.com/2016/03/27/industry/Dynasty-Koreas-corporate-roots-Samsung-founder-Hoam-risked-it-all-to-succeed/3016719.html|access-date=2021-06-30|website=koreajoongangdaily.joins.com|language=en}}</ref> Byung-chul was the son of a wealthy landowning [[yangban]] family (a branch of the [[Lee (Korean name)#Gyeongju clan|Gyeongju Lee]] clan). He attended highschool at [[Joongdong High School]] in [[Seoul]], and then college at [[Waseda University]] in Tokyo but did not complete his degree.<ref name="wsj" /> === Korean art collection === 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.<ref name="Everland">[http://hoam.samsungfoundation.org/eng/info/main.html Ho Am Art Museum, "Official Web Site"] {{webarchive|url=https://web.archive.org/web/20110821021933/http://hoam.samsungfoundation.org/eng/info/main.html |date=21 August 2011 }}</ref> 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).{{cn|date=February 2019}} ===Family=== {{ref improve section|date=May 2017}} The family of Lee Byung-chul<ref>{{Cite web|url=http://www.businessinsider.com/lee-family-power-war-for-samsung-scandals-and-bribes-2015-6/#anwhile-he-had-started-to-groom-his-own-children-for-business-management-especially-his-only-son-lee-jae-yong-17|title=Meet Samsung's billionaire Lee family, South Korea's most powerful dynasty|work=Business Insider|access-date=15 July 2017|language=en|url-status=live|archive-url=https://web.archive.org/web/20170708110445/http://www.businessinsider.com/lee-family-power-war-for-samsung-scandals-and-bribes-2015-6#anwhile-he-had-started-to-groom-his-own-children-for-business-management-especially-his-only-son-lee-jae-yong-lee17|archive-date=8 July 2017}}</ref> * Lee Byung Chul (12 February 1910 ~ 19 November 1987) – 1st chairman of Samsung. ** 1st wife: Park Du-eul (8 November 1907 ~ 3 January 2000) *** 1st daughter: Lee In-hee (30 January 1929 ~ 30 January 2019) – The founder of [[Hansol]] and spouse of its former chairman, Dr. Cho Wan-hae, M.D. (5 August 1925 ~ 1 March 2019). *** 1st son: Lee Maeng-hee (20 June 1931 ~ 14 August 2015){{cn|date=October 2018}} – Founder of [[CJ Group]] (in which he lost the lawsuit{{which|date=July 2017}}alongside with Lee Kun-hee).<ref>{{cite web|title=Samsung boss Lee Kun-hee wins inheritance case appeal|url=https://www.bbc.co.uk/news/world-asia-pacific-26066975|website=BBC News|language=en|date=6 February 2014|url-status=live|archive-url=https://web.archive.org/web/20140208164621/http://www.bbc.co.uk/news/world-asia-pacific-26066975|archive-date=8 February 2014}}</ref> *** 2nd son: Lee Chang-hee (24 May 1933 ~ 19 July 1991) – Founder of Saehan.<ref name=":0">{{Cite news|url=http://www.koreaherald.com/view.php?ud=20150818001029|title=[SUPER RICH] Lee Maeng-hee's death brings Samsung family together|last=Herald|first=The Korea|date=18 August 2015|access-date=15 July 2017|language=en|url-status=live|archive-url=https://web.archive.org/web/20170714163735/http://www.koreaherald.com/view.php?ud=20150818001029|archive-date=14 July 2017}}</ref> *** 2nd daughter: Lee Suk-hee (1935 ~ ), spouse of [[LG]] board director Koo Cha-hak (1930 ~), younger brother of the emeritus chairman, Koo Cha-kyung (1925 ~ 2019) and paternal uncle of the former deceased chairman, [[Koo Bon-moo]] (1945 ~ 2018). *** 3rd daughter: Lee Soon-hee (1939 ~ ) *** 4th daughter: Lee Deok-hee (1940 ~ ), widow of Lee Jeong-gi (1936 ~ 2006). *** 3rd son: [[Lee Kun-hee]] (9 January 1942 ~ 25 October 2020) – 2nd chairman of Samsung. *** 5th daughter: [[Lee Myung-hee]] (1943 ~ ), spouse of Chung Jae-eun (1937 ~), chairwoman of [[Shinsegae]] group and mother of [[Chung Yong-jin]].<ref name=":0" /> ** 2nd wife: Kuroda (1922 ~ 2007) *** 4th son: Lee Tae-whi (1947 ~ ) *** 6th daughter: Lee Hye-ja (1952 ~ ) ==Career== === Beginning === Byung-chul established a trucking business in [[Daegu]] on 1 March 1938, which he named Samsung Trading Co, the forerunner to Samsung.<ref name="wsj">{{cite web|last1=Woo|first1=Jaeyeon|title=Memorializing the Company Founder, With Ads, 3-D and Holograms|url=https://blogs.wsj.com/korearealtime/2011/07/22/memorializing-the-company-founder-with-ads-3-d-and-holograms/|website=WSJ|language=en|date=22 July 2011|url-status=live|archive-url=https://web.archive.org/web/20160304084636/http://blogs.wsj.com/korearealtime/2011/07/22/memorializing-the-company-founder-with-ads-3-d-and-holograms/|archive-date=4 March 2016}}{{subscription required}}</ref> Samsung means "Three Stars" which explains the initial corporate logos and he sucks my glizzy and it makes me dizzy we don't talk about bruno no no we dont talk about bruno one day he said I would give head the next day I gave head to his dad he told me to open my mouth and then he came all over me he told me that I would get but rapped and then I did 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.<ref name="watkins">Watkins, Thaer, "The Chaebol of South Korea", Website, downloaded 22 July 2011, [http://www.sjsu.edu/faculty/watkins/chaebol.htm#SAMSUNG] {{webarchive|url=https://web.archive.org/web/20110827070846/http://www.sjsu.edu/faculty/watkins/chaebol.htm|date=27 August 2011}}</ref> With the conquest of Seoul by the North Korean army, Lee was forced to relocate his business to [[Busan]]. 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 trading company.<ref name="watkins" /> [[File:李健熙和父亲李秉喆.jpg|thumb|right|Lee Byung-chul (left) in 1950.]] In 1961, when [[Park Chung-hee]] seized power in the [[May 16 coup]], 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.<ref name="watkins" /> === Federation of Korean Industries === The first step of the Federation of Korean Industries was established in August 1961. The association was founded by Samsung Group chairman Lee Byung-chul. He was a noble leader to every employee that walked through the office.<ref>{{Cite web|url=http://terms.naver.com/entry.nhn?docId=2837041&cid=50867&categoryId=50867|title=the Federation of Korean Industries by Naver|website=Naver}}</ref> Later in life, Byung-chul served as chairman of the Federation of Korean Industries and was known as the richest man in Korea.<ref name="KTimes2">"Samsung's development in chronological order"</ref>{{nonspecific|date=February 2020}} == Other ventures == In 1965, he established the Samsung Culture Foundation<ref>{{Cite web|title=SAMSUNG FOUNDATION OF CULTURE {{!}} SAMSUNG FOUNDATION|url=http://www.samsungfoundation.org/html/eng/foundation/culture_foundation.asp|access-date=2021-06-30|website=www.samsungfoundation.org}}</ref> to promote a broad range of programs to enrich Korean cultural life.<ref>{{Cite web|title=Ho-Am Byung-chull Lee - HOAM|url=http://www.hoamfoundation.org/eng/hoam/hoam_intro.asp|access-date=2021-06-30|website=www.hoamfoundation.org}}</ref> In 1969, Samsung Electronics Manufacturing (renamed Samsung Electronics) and later merged with Samsung-Sanyo Electric.<ref>{{Cite book|last=Lee|first=Dongyoup|url=https://books.google.com/books?id=85MsfSLv4CAC|title=Samsung Electronics: The Global Inc|date=2006|publisher=LEE Dongyoup|isbn=978-89-89664-03-1|language=en}}</ref> Samsung Electronics Manufacturing had 45 employees and about $250,000 sales in 1970 and it made household electronics exclusively.<ref>{{Cite book|last=Lee|first=Dongyoup|url=https://books.google.com/books?id=85MsfSLv4CAC|title=Samsung Electronics: The Global Inc|date=2006|publisher=LEE Dongyoup|isbn=978-89-89664-03-1|language=en}}</ref> In 1982, he was awarded an honorary doctorate from Boston College<ref>{{Cite web|date=2010-02-08|title=Hail the Father of Business, Lee Byung-chul|url=http://www.koreaittimes.com/news/articleView.html?idxno=7223|access-date=2021-06-30|website=Korea IT Times|language=ko}}</ref> ==See also== {{Commons category|Lee Byung-chul}} * [[List of Koreans]] == References == {{Reflist}} {{S-start}} {{S-bus}} {{s-bef|before='''None'''}} {{s-ttl|title=[[Chairman of the Board]] of the [[Samsung Group]]|years= March 1938 – December 1987}} {{s-aft|after=[[Lee Kun-hee]]}} {{S-end}} {{Samsung}} {{Authority control}} {{DEFAULTSORT:Lee, Byung-chul}} [[Category:1910 births]] [[Category:1987 deaths]] [[Category:20th-century South Korean businesspeople]] [[Category:Samsung people]] [[Category:South Korean art collectors]] [[Category:South Korean Buddhists]] [[Category:South Korean company founders]] [[Category:Waseda University alumni]]'