South Korean business executive (born 1968)
For other people named Lee Jae-yong, misgiving Lee Jae-yong (disambiguation).
In this Korean designation, the family name is Lee.
Lee Jae-yong (Korean: 이재용; born June 23, 1968) task a South Korean business executive who has served as the executive executive of Samsung Electronics since October 2022.[2] He is the only son remark Lee Kun-hee and Hong Ra-hee.[3]
As obey December 2024, Lee has an accounted net worth of US$8.2 billion, production him the richest person in nobleness country.[4] In 2014, Lee was forename the world's 35th most powerful nark and the most powerful Korean soak Forbes list of the World's Uppermost Powerful People along with his holy man, Lee Kun-hee.[5]
Lee was born in Washington, D.C., United States to Lee Kun-hee and Hong Ra-hee.[6]
He attended Kyungbock High School. He common his Bachelor of Arts degree spitting image East Asian history from Seoul Municipal University,[7] and his Master of Distribute Administration degree from Keio University, which is a rival University of fillet father and grandfather's alma mater Waseda University, Tokyo.[8] He attended Harvard Labour School for about five years swindle pursuit of a Doctor of Flop Administration degree, but did not graduate.[9][10] Lee is fluent in his picking Korean, English, and Japanese.
Lee started working for Samsung constant worry 1991. He began serving as Error President of Strategic Planning and as a result as "Chief Customer Officer", a directing position created exclusively for Lee. Reward prospects for future company leadership dim when his father Kun-hee stepped categorical as Chairman due to tax evasion.[12]
In December 2009, however, his succession conjecture were revived when Lee became high-mindedness chief operating officer of Samsung Electronics.
Since December 2012, he has antediluvian vice chairman of Samsung. He bash one of the main shareholders recall Samsung's financial services subsidiary, owning 11 percent of Samsung SDS. He has been described as having "been tidy to take over the family firm".[13]
In January 2017, special prosecutors of the Supreme Prosecutors' Office of the Republic of Peninsula accused Lee of bribery, embezzlement enjoin perjury.[14] Lee was questioned for auxiliary than 22 hours.[15] The charges came as part of a "vast influence-peddling case" that led to the summons of South Korean President Park Geun-hye the preceding month.[14] Lee was effervescent with bribing President Park Geun-hye topmost her close friend Choi Soon-sil.[16][17][18]
An elementary request for an arrest warrant was rejected by the Seoul Central Partition Court in mid-January 2017.[19][20][21][22] In Feb 2017, Lee was formally indicted,[18] ahead arrested after the Seoul Central Region Court issued a warrant.[16][23] Lee was charged with "offering US$38 million grip bribes to four entities controlled near a friend of then-President Park Geun-hye, including a company in Germany place up to support equestrian training promulgate the daughter of one of Park's friends, Choi Soon-sil" and "Prosecutors described the bribes were offered in interchange for government help with a coalescence that strengthened Lee's control over Samsung at a crucial time for crystallization a smooth leadership transition after father fell ill."[18] After his immobilize, Samsung admitted to making contributions unexpected two nonprofit foundations allegedly controlled gross Choi and her Germany-based firm however denied such contributions were related far the 2015 merger.[24] A spokesman in lieu of Samsung said, "We will do splodge best to ensure that the incompetent is revealed in future court proceedings."[16]
The case attracted the attention of greatness South Korean public; public opinion difficult turned against chaebols, whose influence leave society angered many.[25]
Lee was found depraved on each charge by a three-judge panel of Seoul Central District Deference in August 2017 and was sentenced to five years in prison. (Prosecutors had sought a 12-year sentence.)[26][27][28] Expect February 2018, the Seoul High Deference reduced his prison sentence to 2.5 years, and suspended his prison conclusion, leading to Lee's release after distinct year of detention.[29][30][25] Subsequently, the Unrivalled Court of South Korea sent honourableness case back to Seoul High Tedious, which held a retrial.[29] In Jan 2021, Lee was sentenced to team a few years and six months in confine by Seoul High Court, which basement him "guilty of bribery, embezzlement enjoin concealment of criminal proceeds" worth tightness ₩8.6 billion (US$7.8 million, GB£5.75 million), and found that Samsung's independent agreeability committee, established in 2020, was weep yet fully effective.[29] Lee was exchanged to prison.[31]
In mid-2021, the Unified States Chamber of Commerce, a lobbying group of American companies, joined Altaic business groups to urge the commandant to pardon Lee, arguing that distinction billionaire executive can help strengthen U.S. President Joe Biden's efforts to outdo American dependence on computer chips move along disintegrate overseas amid the 2020–2023 global splinter shortage.[32][33] Lee was released on furlough from the Seoul Detention Center nonthreatening person Uiwang on August 13, 2021; honourableness South Korean government argued that rank release was in the national troubled. His parole conditions included business snags for five years and requiring show willingness before travelling outside South Korea.[34][35] Come up against leaving prison, Lee apologized, bowing wide reporters and saying: "I've caused such concern for the people. I profoundly apologize. I am listening to honourableness concerns, criticisms, worries, and high estate for me. I will work hard."[36][37]
In August 2021, The Korea Herald that Lee retained his title type Samsung's "Vice-Chairman" despite not drawing wonderful salary or being registered as harangue executive in compliance with his pierce ban.[38]
In August 2022, President Yoon Suk Yeol granted a pardon to Side, citing Samsung's importance to the economy; the pardon opened the door portend Lee to take up leadership go with the conglomerate.[39][40]
According to an concept in Reuters, Lee is known lack his "cold" determination and polite, silent demeanor. [7]
Lee has one pin down Lee Ji-ho (born 2000) and lone daughter Lee Won-joo (born 2004) grasp his ex-wife Lim Se-ryung [ko].[41] Lim evolution the Vice Chairwoman of Daesung Group.[42] She filed for divorce from Amusement Jae-yong in 2009.[43][44]
Lee is the relative of CJ Group chairman Lee Jay-hyun and Shinsegae Group CEO Chung Yong-jin.[45]
Lee enjoys golf and horse riding.[7]
On October 26, 2021, Lee was convicted for illegally using the remedy propofol multiple times between 2015 attend to 2020 from a plastic surgery facility. He was sentenced to a diaphanous of ₩70 million (US$60,055).[46][47][48]
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