Lee Jae-yong

This is a Korean name; the family name is Lee.
For the film director, see E J-yong.
For an actor of the same name, see Lee Jae-yong (actor).
Lee Jae-yong
Born (1968-06-23) June 23, 1968
Washington D.C, United States[1]
Alma mater Seoul National University
Keio University
Harvard Business School
Occupation Vice Chairman of Samsung Electronics
Net worth Increase $7.9 billion USD (April 2015)[2]
Korean name
Hangul 이재용
Hanja 李在鎔
Revised Romanization I Jaeyong
McCune–Reischauer Yi Chaeyong

Lee Jae-yong, known professionally as Jay Y. Lee (born 23 June 1968), is a South Korean business magnate and the vice chairman of Samsung Electronics. He is the son of Lee Kun-hee, Chairman of Samsung, and is widely considered to be the future successor to his father's position. He is referred to as the "Crown Prince of Samsung" by the South Korean media, and speaks English and Japanese.[3] Lee is estimated to be worth US$7.9 billion, making him the third wealthiest person in South Korea.[4]

In 2014, Lee was named the world's 35th most powerful person and the most powerful Korean by Forbes Magazine's List of The World's Most Powerful People along with his father Lee Kun-hee.[5]

Early life

Lee received a degree in East Asian history at Seoul National University,[6] and received his master's in business administration from Keio University. He has also attended Harvard Business School to pursue a Doctor of Business Administration degree, focusing on e-commerce, but did not obtain the degree.[4]

Samsung

Lee started working for Samsung in 1991. He began serving as Vice President of Strategic Planning and then as "Chief Customer Officer", a management position created exclusively for Lee. His prospects for future company leadership dimmed when his father Kun-hee stepped down as Chairman due to tax evasion.[7] In December 2009, however, his succession prospects revived when Lee became the Chief Operating Officer of Samsung Electronics. Since December 2012, he has been Vice Chairman of Samsung Electronics. He is one of the main shareholders of Samsung's financial services subsidiary, owning 11 percent of Samsung SDS.[3]

Management style

Lee is seen as lacking his father's charisma. However, he is known for his cold determination and polite, quiet demeanor. Lee is known to take time to reply personally to e-mails, and assumes a light-hearted attitude with reporters.[6]

Personal life

Lee is rarely seen in public and avoids publicity. He has two children with Im Se-ryung, whom he divorced in 2009.[4][6] Lee enjoys golf and horseback riding.[6]

References

External links

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