Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
How the Richest Family in Korea Built Samsung
Ep 82 of Family Business Stories with Fexingo unpacks how the Lee family turned Samsung from a small trading company in 1938 into the world's largest conglomerate by revenue. We focus on one pivotal moment: the 1987 succession from founder Lee Byung-chul to his son Lee Kun-hee, and the brutal management overhaul that followed. Lee Kun-hee's 'Second Foundation' speech in 1993—where he told executives 'change everything except your wife and children'—restructured the entire chaebol, killing failing businesses like car manufacturing and betting everything on…
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