Seoul, March 30 (SocialNews.XYZ) Samsung Electronics Chairman Lee Jae-yong on Saturday expressed condolences following the death of Hyosung Group Chairman Emeritus, Cho Suck-rai.
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.
His presence marked the first visit by a Korean business leader outside the deceased chairman's relatives, reports Yonhap news agency.
But 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.
Meanwhile, the late Cho, who 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.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz