Kun Chae Bae, who founded a pharmaceutical company and owned TV stations and the Purple Hotel, dies at 91

Kun Chae Bae, who founded a pharmaceutical company and owned TV stations and the Purple Hotel, dies at 91

Imbued with an entrepreneurial spirit, Kun Chae Bae founded a pharmaceutical generics company and later owned a host of low-power television stations including in Chicago, along with other holdings like a golf course in northwest suburban McHenry and the now-razed Purple Hotel in Lincolnwood. Known to many by his initials, K.C., Bae also cofounded Foster Bank in Chicago. “He traveled in any circle that was forward-thinking, and he was very entre…