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The Last Tycoon.(Lee Kun Hee, chairman of Samsung Group)

Newsweek International

| November 24, 2003 | Lee, B. J.; Wehrfritz, George | COPYRIGHT 2003 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The companies that make up South Korea's sprawling Samsung Group did something unexpected in May: they suddenly embraced the five-day workweek. The move came shortly after the country's newly inaugurated president, Roh Moo Hyun, had called for an end to working Saturdays, and when other companies followed suit, it forestalled a brewing showdown between the Blue House and major manufacturers. Keen observers of Korea Inc. saw a guiding hand in the decision: Samsung chairman Lee Kun Hee, 61. "As the country's most powerful tycoon, Chairman Lee sets the tone for major business issues," says Kim Chong Dae, an executive at Hannuri Investment & Securities in Seoul. "He is ...

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