Anjali Sharma
GG News Bureau
NEW YORK, 1st April. Samsung Electronics Chairman Lee Jae-yong on Sunday expressed condolences after the death of Hyosung Group Chairman Emeritus, Cho Suck-rai, according to news media reports
Lee accompanied by his mother Hong Ra-hee paid his respects at the funeral altar for Cho at Severance Hospital in central Seoul around 2 p.m, local news media reported.
Media quoted that his presence marked the first visit by a Korean business leader outside the deceased chairman’s relatives.
He did not make any comments during his visit.
Lee’s attendance underscored the longstanding connection between Samsung Group and Hyosung Group, rooted in the close business partnership between their founders.
Cho’s father, the late Hyosung founder Cho Hong-jai, founded and operated Samsung Corp. in 1948 with Samsung’s late founder Lee Byung-chul, before breaking away to establish Hyosung Corp. in 1962.
Late Cho stepped down from the management of the company in 2017 due to his advanced age and health, died on Friday at the age of 89.
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