Samsung Group Chairman Lee Kun-hee has resigned from the International Olympic Committee (IOC).

The IOC's Executive Board announced Friday that Lee's family has asked the IOC "not to consider Mr. Lee for re-election as an IOC member."

The 75-year-old has been on the committee since 1996, but has been hospitalized since May 2014 after suffering a heart attack.

The chairman underwent a stent procedure and recovered his cardio pulmonary functions, however, he has been in treatment for the past three years.

Lee's resignation leaves South Korea with just one IOC member.

Former Olympic table tennis champion Ryu Seung-min was elected to the IOC's Athletes Commission last year.