Younghyun Lee, Pioneering Korean-Canadian Businessman, Dies at 84

Younghyun Lee, a prominent figure in the Canadian Korean business community and a dedicated advocate for Korean products, passed away on February 17, 2026, at a hospital in Richmond Hill, Ontario, Canada. He was 84 years vintage. Lee had been diagnosed with pulmonary fibrosis approximately two years prior to his death.

From Humble Beginnings to Business Success

Born in Seoul, Korea, in 1942, Lee immigrated to Canada in 1966 with limited financial resources – reportedly just $200. He pursued higher education, graduating from Ryerson University (now Toronto Metropolitan University) in 1971. Immediately following graduation, he founded Young Li Trading, a company that would become a cornerstone of Korean-Canadian commerce.

Lee focused on importing and distributing Korean kitchenware, home appliances and cameras to the Canadian market. Through dedication and strategic business practices, Young Li Trading achieved annual sales of $100 million, establishing Lee as a successful and respected entrepreneur. He earned the local moniker “Mr. Korea” for his unwavering commitment to promoting Korean brands within Canadian society.

A Leader in the Korean-Canadian Community

Lee was a founding member of the World Korean Trade Association (World Okta) in 1981, and later served as president of its Toronto branch. He held the position of 12th president of World Okta from 2003 to 2004. A key accomplishment during his tenure was the creation of the ‘Next Generation Trade School’ in 2003, an initiative designed to foster young Korean business leaders globally.

Even after his formal retirement in 2010, Lee remained actively involved in mentoring the next generation and strengthening economic ties within the Korean community.

Recognition and Legacy

Lee’s contributions were widely recognized through numerous accolades, including the National Medal of Merit, the Prime Minister’s Commendation, and the President’s Commendation on Export Day from the Republic of Korea. He also received the Canada Diamond Jubilee Medal and the Canada 150th Anniversary Senate Medal.

His life story was recently portrayed in the play ‘Made in Korea,’ performed at the Fairview Library Theater in Toronto, highlighting his journey from a $200 investment to a thriving business. Lee’s life serves as an inspirational example of perseverance and opportunity for Korean immigrants.

Lee’s legacy extends beyond his business achievements; he is remembered as a pioneer who championed Korean products and nurtured future generations of Korean-Canadian entrepreneurs.

Funeral arrangements are pending and will be announced at a later date.