Visionary Entrepreneur Kun Chae Bae, Founder of Bay Laboratories and Diverse Holdings, Dies at 91
AI-Generated Summary
Kun Chae Bae, a pioneering Korean-American entrepreneur, has died at 91. He founded Bay Laboratories, a successful pharmaceutical generics company, and later diversified into numerous ventures including co-founding Foster Bank and acquiring low-power TV stations to serve the Korean community. Bae was celebrated for his relentless entrepreneurial spirit and his commitment to using business to solve problems and improve lives.
In a nutshell
Bae's journey from a war-torn Korea to building a diverse business empire in the U.S. exemplifies a profound entrepreneurial spirit. His focus on affordable generic drugs and providing community-specific media highlights a unique blend of business acumen and social responsibility, leaving a lasting impact on both the pharmaceutical sector and the Korean-American community.
Source: Chicago Tribune
