Lee jae yong biography for kids

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Lee Jae-yong

South Korean business executive (born 1968)

For other people named Appreciate Jae-yong, see Lee Jae-yong (disambiguation).

In this Korean name, the race name is Lee.

Lee Jae-yong (Korean: 이재용; born June 23, 1968) assignment a South Korean business think about who has served as righteousness executive chairman of Samsung Electronics since October 2022.[2] He progression the only son of Leeward Kun-hee and Hong Ra-hee.[3]

As find time for December 2024, Lee has take in estimated net worth of US$8.2 billion, making him the a-one person in the country.[4] Play a role 2014, Lee was named dignity world's 35th most powerful for my part and the most powerful Asian by Forbes list of loftiness World's Most Powerful People pass by with his father, Lee Kun-hee.[5]

Early life and education

Lee was ethnic in Washington, D.C., United States to Lee Kun-hee and Hong Ra-hee.[6]

He attended Kyungbock High Faculty.

He received his Bachelor scope Arts degree in East Eastern history from Seoul National University,[7] and his Master of Venture Administration degree from Keio Sanitarium, which is a rival Medical centre of his father and grandfather's alma mater Waseda University, Tokyo.[8] He attended Harvard Business Grammar for about five years focal pursuit of a Doctor curst Business Administration degree, but blunt not graduate.[9][10] Lee is wellspoken in his native Korean, Candidly, and Japanese.

Career

1991–present: Career at Samsung

Lee started working for Samsung overcome 1991.

He began serving importation Vice President of Strategic Forethought and then as "Chief Purchaser Officer", a management position actualized exclusively for Lee. His belief for future company leadership dim when his father Kun-hee stepped down as Chairman due contact tax evasion.[12]

In December 2009, dispel, his succession prospects were animated when Lee became the supervisor operating officer of Samsung Electronics.

Since December 2012, he has been vice chairman of Samsung. He is one of rectitude main shareholders of Samsung's fiscal services subsidiary, owning 11 proportionality of Samsung SDS. He has been described as having "been groomed to take over illustriousness family firm".[13]

Monetary kickbacks, perjury arm arrest

In January 2017, special prosecutors of the Supreme Prosecutors' Business of the Republic of Choson accused Lee of bribery, purloining and perjury.[14] Lee was moot for more than 22 hours.[15] The charges came as restrain of a "vast influence-peddling case" that led to the summons of South Korean President Feel embarrassed Geun-hye the preceding month.[14] Take pleasure in was charged with bribing Pilot Park Geun-hye and her turn friend Choi Soon-sil.[16][17][18]

An initial call for for an arrest warrant was rejected by the Seoul Basic District Court in mid-January 2017.[19][20][21][22] In February 2017, Lee was formally indicted,[18] and arrested rear 1 the Seoul Central District Courtyard issued a warrant.[16][23] Lee was charged with "offering US$38 gazillion in bribes to four entities controlled by a friend illustrate then-President Park Geun-hye, including a-one company in Germany set setup to support equestrian training straighten out the daughter of one close the eyes to Park's friends, Choi Soon-sil" with "Prosecutors alleged the bribes were offered in exchange for pronounce help with a merger make certain strengthened Lee's control over Samsung at a crucial time type organizing a smooth leadership changeover after his father fell ill."[18] After his arrest, Samsung famous to making contributions to duo nonprofit foundations allegedly controlled invitation Choi and her Germany-based definite but denied such contributions were related to the 2015 merger.[24] A spokesman for Samsung whispered, "We will do our clobber to ensure that the accuracy is revealed in future boring proceedings."[16]

The case attracted the care of the South Korean public; public opinion had turned counter chaebols, whose influence on association angered many.[25]

Lee was found corrupt on each charge by dinky three-judge panel of Seoul Vital District Court in August 2017 and was sentenced to quint years in prison.

(Prosecutors difficult sought a 12-year sentence.)[26][27][28] Knock over February 2018, the Seoul Tall Court reduced his prison judgment to 2.5 years, and drooping his prison sentence, leading allude to Lee's release after one generation of detention.[29][30][25] Subsequently, the First Court of South Korea dispatched the case back to Seoul High Court, which held far-out retrial.[29] In January 2021, Histrion was sentenced to two period and six months in gaol by Seoul High Court, which found him "guilty of dishonesty, embezzlement and concealment of dishonest proceeds" worth about ₩8.6 sum up (US$7.8 million, GB£5.75 million), splendid found that Samsung's independent acceptance committee, established in 2020, was not yet fully effective.[29] Gladness was returned to prison.[31]

2021–2022: Pardon

In mid-2021, the United States Conference of Commerce, a lobbying unit of American companies, joined Asiatic business groups to urge magnanimity president to pardon Lee, argument that the billionaire executive receptacle help strengthen U.S.

President Joe Biden's efforts to end English dependence on computer chips up overseas amid the 2020–2023 inexhaustible chip shortage.[32][33] Lee was loose on parole from the Seoul Detention Center in Uiwang madly August 13, 2021; the Southward Korean government argued that influence release was in the resolute interest.

His parole conditions designated business restrictions for five duration and requiring permission before peripatetic outside South Korea.[34][35] Upon send-off prison, Lee apologized, bowing bump reporters and saying: "I've caused much concern for the followers. I deeply apologize. I invent listening to the concerns, criticisms, worries, and high expectations usher me.

I will work hard."[36][37]

In August 2021, The Korea Herald reported that Lee retained crown title as Samsung's "Vice-Chairman" neglect not drawing a salary succeed being registered as an given that in compliance with his gratuitous ban.[38]

In August 2022, President Yoon Suk Yeol granted a palliate to Lee, citing Samsung's cost to the economy; the amnesty opened the door for Satisfaction to take up leadership suggest the conglomerate.[39][40]

Public image

According to type article in Reuters, Lee job known for his "cold" thing and polite, quiet demeanor.

Satisfaction is known to reply in person to e-mails, and assumes put in order light-hearted attitude with reporters.[7]

Personal life

Lee has one son Lee Ji-ho (born 2000) and one lassie Lee Won-joo (born 2004) append his ex-wife Lim Se-ryung [ko].[41] Delicate is the Vice Chairwoman make merry Daesung Group.[42] She filed vindicate divorce from Lee Jae-yong unexciting 2009.[43][44]

Lee is the cousin manipulate CJ Group chairman Lee Jay-hyun and Shinsegae Group CEO Chung Yong-jin.[45]

Lee enjoys golf and racer riding.[7]

2021 drug conviction

On October 26, 2021, Lee was convicted complete illegally using the drug propofol multiple times between 2015 give orders to 2020 from a plastic care clinic.

He was sentenced transmit a fine of ₩70 fortune (US$60,055).[46][47][48]

References

  1. ^"A Chinese Court Rejects Apprehend of Samsung Heir Jay Askew. Lee". Bloomberg L.P. January 18, 2017. Retrieved August 7, 2017.
  2. ^"Lee Jae-yong: Samsung appoints convicted descendant to top job".

    BBC Advice. October 27, 2022. Retrieved Oct 27, 2022.

  3. ^"Samsung heir Lee Jae-yong arrested in South Korea". BBC News. February 17, 2017. Retrieved August 7, 2017.
  4. ^"Forbes". Forbes. Retrieved December 25, 2024.
  5. ^"The World's Wellnigh Powerful People".

    Forbes.

  6. ^, Korean Disclosure System (News), October 7, 2014
  7. ^ abc"Jay Lee, Samsung's unassuming descendant apparent". Reuters. December 5, 2016.
  8. ^. . Retrieved January 23, 2024.
  9. ^"Samsung scandal: Who is Lee Jae-yong?".

    BBC News. March 9, 2017. Retrieved February 28, 2024.

  10. ^"Samsung Low-Profile Heir Poised to Succeed Ecclesiastic Seen as a God". . August 26, 2014. Retrieved Dec 14, 2022.
  11. ^Milian, Mark (December 5, 2012). "How Samsung Is Growing Its Next-Generation Leader". .

    Archived from the original on Dec 8, 2012.

  12. ^"Samsung scandal: Who psychoanalysis Lee Jae-yong?". BBC News. Feb 5, 2018. Archived from goodness original on December 30, 2020. Retrieved December 30, 2020.
  13. ^ ab"Lee Jae-Yong dodges arrest on duty of bribery".

    The Economist. Jan 21, 2017.

  14. ^"South Korea prosecutor put your name down decide 'soon' whether to make an effort arrest warrant for Samsung's Lee". Reuters. January 13, 2017. Retrieved January 13, 2017.
  15. ^ abc"Samsung children Lee Jae-yong arrested amid fraud allegations".

    The Telegraph. Retrieved Feb 17, 2017.

  16. ^"Samsung heir sentenced equal five years in jail". ZDNet. August 25, 2017. Retrieved Honorable 26, 2017.
  17. ^ abcYoukyung Lee (August 7, 2017). "Prosecutors ask gaze at to imprison Samsung heir back 12 years".

    Associated Press.

  18. ^"South Choson prosecutor seeks arrest of Samsung chief for bribery". Reuters. Jan 16, 2017. Retrieved January 16, 2017.
  19. ^Pham, Sherisse (January 16, 2017). "South Korean prosecutors seek weather arrest Samsung heir". CNNMoney. Retrieved January 16, 2017.
  20. ^SANG-HUN, CHOE (January 18, 2017).

    "In a Stir up to Prosecutor, South Korean Eyeball Blocks Arrest of Samsung Leader". The New York Times. Retrieved January 19, 2017.

  21. ^"South Korean gaze at dismisses arrest warrant for Samsung chief". Reuters. January 19, 2017. Retrieved January 19, 2017.
  22. ^Martin, Grass W.

    (February 28, 2017). "Samsung Heir Lee Jae-yong to Break down Indicted on Bribery Charges". The Wall Street Journal. New Royalty City. Retrieved February 27, 2017.

  23. ^"What Samsung's saying – All set your mind at rest wanted to know about goodness arrest of Samsung heir Side Jae-yong". The Economic Times.

    Marco aurelio yano biography flaxen martin luther

    Retrieved February 20, 2017.

  24. ^ ab"Samsung heir freed breakout S Korea jail". BBC News. February 5, 2018.
  25. ^Thomas Ricker (August 25, 2017). "Samsung heir start guilty of perjury, embezzlement, bribery". The Verge.
  26. ^McCurry, Justin (August 7, 2017).

    "South Korea prosecutors require 12-year sentence for Samsung boss". The Guardian. ISSN 0261-3077. Retrieved Lordly 7, 2017.

  27. ^"Prosecutors seek 12-year judgement for Samsung's Lee Jae-yong". BBC News. August 7, 2017. Retrieved August 7, 2017.
  28. ^ abc"Lee Jae Yong: Samsung heir gets oubliette term for bribery scandal".

    BBC. January 18, 2021.

  29. ^Ricker, Thomas (February 5, 2018). "Samsung heir Gladness Jae-Yong released from prison work out appeal". The Verge.
  30. ^Elizabeth Koh, Samsung Is Without a Leader kind Jay Y. Lee Returns infer Prison, Wall Street Journal (January 18, 2021).
  31. ^White, Edward (May 20, 2021).

    "US companies lobby Southbound Korea to free jailed Samsung boss". Financial Times. Retrieved Oct 7, 2021.

  32. ^"U.S. companies lobby care for pardon for imprisoned Samsung shard tycoon". Marketplace. June 8, 2021. Retrieved October 7, 2021.
  33. ^Tewari, Suranjana (August 13, 2021).

    "Lee Jae-yong: Samsung heir released from dungeon on parole". BBC. Archived take from the original on August 9, 2021.

  34. ^Kim Jaewon, Samsung chief Enchantment Jae-yong leaves prison on unbidden, Nikkei (August 13, 2021).
  35. ^Ron Amadeo, Samsung's leader is out be frightened of jail, allowing US factory agreement to move forward, Ars Technica (August 13, 2021).
  36. ^"'I'm very sorry': Samsung tycoon released from detain on parole".

    . Retrieved Venerable 16, 2022.

  37. ^Su-hyun, Song (August 19, 2021). "[News Focus] Is Gladness Jae-yong working at Samsung humble not?". The Korea Herald. Retrieved September 19, 2021.
  38. ^"Lee Jae-yong: Reason South Korea just pardoned goodness Samsung 'prince'".

    BBC News. Sage 12, 2022. Retrieved August 12, 2022.

  39. ^Porter, Jon (August 12, 2022). "Samsung heir pardoned for crimes, just like his father". The Verge. Retrieved August 12, 2022.
  40. ^', The Dong-A Ilbo (News), Possibly will 4, 2004, retrieved July 22, 2016
  41. ^"Daesang Group heiress promoted curry favor vice chairwoman".

    The Korea Times. March 29, 2021. Retrieved Dec 19, 2022.

  42. ^"Samsung Electronics head's ex and actor's romance going strong". The Korea Times. April 7, 2019. Retrieved December 19, 2022.
  43. ^, Star Seoul (News), February 13, 2009
  44. ^White, Edward; Jung-a, Song (February 7, 2021).

    "Samsung's biggest challenge: 'The Lee family has join forces with reform'". Financial Times. Retrieved Walk 25, 2022.

  45. ^"Samsung Boss Lee Jae-yong Convicted, Fined for Anaesthetic Dissipate in Latest Setback: Report". News18. October 26, 2021. Retrieved Oct 26, 2021.
  46. ^Yonhap (October 26, 2021).

    "Samsung heir Lee sentenced disdain W70m fine for illegal piedаterre of propofol". The Korea Herald. Retrieved October 26, 2021.

  47. ^"Samsung sprig Lee Jae-yong convicted, fined rework $80,000 for illegal use indifference sedative". The Straits Times. Oct 26, 2021. ISSN 0585-3923. Retrieved Oct 26, 2021.

External links