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He is also credited with the transformation of Samsung to one of the world's largest business entities that engages in semiconductors, smartphones, electronics, shipbuilding, construction, and other businesses.

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Since Lee became the chairman of Samsung, the company became the world's largest manufacturer of smartphones, memory chips, and appliances. He was the third son of Samsung founder Lee Byung-chul. He was convicted twice, once in and subsequently in , for corruption and tax evasion charges, but was pardoned on both instances. In , Lee was named the world's 35th most powerful person and the most powerful Korean by Forbes 's list of the world's most powerful people along with his son, Lee Jae-yong.

Lee joined the Tongyang Broadcasting Company then an affiliate of the Samsung Group in , and later went on to work for Samsung's construction and trading company.

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He took over the chairmanship of the conglomerate on 24 December , two weeks after the death of his father, Lee Byung-chul. The company went on to become the largest manufacturer of televisions, outpacing Sony in Lee was convicted for having paid bribes to president Roh Tae-woo in He was subsequently pardoned by president Kim Young-sam.

On 14 January , Korean police raided Lee's home and office in an ongoing probe into accusations that Samsung was responsible for a slush fund used to bribe influential prosecutors, judges, and political figures in South Korea. I will assume full moral and legal responsibility. However, on 29 December , South Korean president Lee Myung-bak pardoned Lee, stating that the intent of the pardon was to allow Lee to remain on the International Olympic Committee.

Think Samsung , a book by Kim Yong-chul, former Samsung legal counsel, alleged that Lee was guilty of corruption. On 24 March , Lee announced his return to Samsung Electronics as its chairman. Lee Kun-hee was married to Hong Ra-hee until his death. His siblings and some of their children are also executives of major Korean business groups.