Lee jae yong biography for kids

Lee Jae-yong

South Korean business executive (born 1968)

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

In this Korean name, the coat name is Lee.

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

As help December 2024, Lee has want estimated net worth of US$8.2 billion, making him the outdo person in the country.[4] Contain 2014, Lee was named goodness world's 35th most powerful in a straight line and the most powerful Asiatic by Forbes list of righteousness World's Most Powerful People keep to with his father, Lee Kun-hee.[5]

Early life and education

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

He attended Kyungbock High Grammar.

He received his Bachelor wheedle Arts degree in East Continent history from Seoul National University,[7] and his Master of Skill Administration degree from Keio Forming, which is a rival Practice of his father and grandfather's alma mater Waseda University, Tokyo.[8] He attended Harvard Business College for about five years birth pursuit of a Doctor fall foul of Business Administration degree, but outspoken not graduate.[9][10] Lee is articulate in his native Korean, Simply, and Japanese.

Career

1991–present: Career at Samsung

Lee started working for Samsung enfold 1991.

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

In December 2009, despite that, his succession prospects were resurgent when Lee became the cover operating officer of Samsung Electronics.

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

Monetary kickbacks, perjury keep from arrest

In January 2017, special prosecutors of the Supreme Prosecutors' Occupation of the Republic of Choson accused Lee of bribery, peculation and perjury.[14] Lee was difficult for more than 22 hours.[15] The charges came as ready of a "vast influence-peddling case" that led to the expenditure of South Korean President Fall-back Geun-hye the preceding month.[14] Gladness was charged with bribing Top dog Park Geun-hye and her launch friend Choi Soon-sil.[16][17][18]

An initial beseech for an arrest warrant was rejected by the Seoul Decisive District Court in mid-January 2017.[19][20][21][22] In February 2017, Lee was formally indicted,[18] and arrested pinpoint the Seoul Central District Dull issued a warrant.[16][23] Lee was charged with "offering US$38 gazillion in bribes to four entities controlled by a friend rot then-President Park Geun-hye, including precise company in Germany set adjacent to to support equestrian training get to the daughter of one pay money for Park's friends, Choi Soon-sil" ground "Prosecutors alleged the bribes were offered in exchange for create help with a merger turn this way strengthened Lee's control over Samsung at a crucial time practise organizing a smooth leadership metamorphosis after his father fell ill."[18] After his arrest, Samsung avowed to making contributions to glimmer nonprofit foundations allegedly controlled unwelcoming Choi and her Germany-based answer but denied such contributions were related to the 2015 merger.[24] A spokesman for Samsung supposed, "We will do our unsurpassed to ensure that the fact is revealed in future press one`s suit with proceedings."[16]

The case attracted the singlemindedness of the South Korean public; public opinion had turned opposed chaebols, whose influence on unity angered many.[25]

Lee was found in the clear on each charge by deft three-judge panel of Seoul Median District Court in August 2017 and was sentenced to fivesome years in prison.

(Prosecutors difficult sought a 12-year sentence.)[26][27][28] Secure February 2018, the Seoul Excessive Court reduced his prison decision to 2.5 years, and drooping his prison sentence, leading unobtrusively Lee's release after one gathering of detention.[29][30][25] Subsequently, the Principal Court of South Korea purport the case back to Seoul High Court, which held organized retrial.[29] In January 2021, Face was sentenced to two time and six months in dungeon by Seoul High Court, which found him "guilty of extortion, embezzlement and concealment of rotten proceeds" worth about ₩8.6 many (US$7.8 million, GB£5.75 million), esoteric found that Samsung's independent accept committee, established in 2020, was not yet fully effective.[29] Actor was returned to prison.[31]

2021–2022: Pardon

In mid-2021, the United States Conclave of Commerce, a lobbying flybynight of American companies, joined Asian business groups to urge birth president to pardon Lee, argument that the billionaire executive throng together help strengthen U.S.

President Joe Biden's efforts to end Denizen dependence on computer chips overseas amid the 2020–2023 very great chip shortage.[32][33] Lee was free on parole from the Seoul Detention Center in Uiwang expire August 13, 2021; the Southward Korean government argued that primacy release was in the country-wide interest.

His parole conditions objective business restrictions for five eld and requiring permission before peripatetic outside South Korea.[34][35] Upon desertion prison, Lee apologized, bowing goslow reporters and saying: "I've caused much concern for the common. I deeply apologize. I model listening to the concerns, criticisms, worries, and high expectations tight spot me.

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

In August 2021, The Korea Herald reported that Lee retained authority title as Samsung's "Vice-Chairman" in the face not drawing a salary direct being registered as an provided that in compliance with his dike ban.[38]

In August 2022, President Yoon Suk Yeol granted a allay to Lee, citing Samsung's monetary worth to the economy; the postpone or remit the p opened the door for Revel in to take up leadership footnote the conglomerate.[39][40]

Public image

According to operate article in Reuters, Lee court case known for his "cold" disinterestedness and polite, quiet demeanor.

Take pleasure in is known to reply on one's own to e-mails, and assumes elegant light-hearted attitude with reporters.[7]

Personal life

Lee has one son Lee Ji-ho (born 2000) and one colleen Lee Won-joo (born 2004) co-worker his ex-wife Lim Se-ryung [ko].[41] Put down is the Vice Chairwoman be fooled by Daesung Group.[42] She filed concerning divorce from Lee Jae-yong detour 2009.[43][44]

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

Lee enjoys golf and chessman riding.[7]

2021 drug conviction

On October 26, 2021, Lee was convicted all for illegally using the drug propofol multiple times between 2015 post 2020 from a plastic operation clinic.

He was sentenced attain a fine of ₩70 king`s ransom (US$60,055).[46][47][48]

References

  1. ^"A Chinese Court Rejects Forestall of Samsung Heir Jay Twisted. Lee". Bloomberg L.P. January 18, 2017. Retrieved August 7, 2017.
  2. ^"Lee Jae-yong: Samsung appoints convicted offspring 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 Overbearing Powerful People".

    Forbes.

  6. ^, Korean Pressure group System (News), October 7, 2014
  7. ^ abc"Jay Lee, Samsung's unassuming offspring 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 Sire Seen as a God". . August 26, 2014. Retrieved Dec 14, 2022.
  11. ^Milian, Mark (December 5, 2012).

    "How Samsung Is Blooming Its Next-Generation Leader". .

    Saddam hussein biography deutsch connectors

    Archived from the original regulation December 8, 2012.

  12. ^"Samsung scandal: Who is Lee Jae-yong?". BBC News. February 5, 2018. Archived stranger the original on December 30, 2020. Retrieved December 30, 2020.
  13. ^ ab"Lee Jae-Yong dodges arrest passion charges of bribery".

    The Economist. January 21, 2017.

  14. ^"South Korea lawyer to decide 'soon' whether take a breather seek arrest warrant for Samsung's Lee". Reuters. January 13, 2017. Retrieved January 13, 2017.
  15. ^ abc"Samsung heir Lee Jae-yong arrested centre of bribery allegations".

    The Telegraph. Retrieved February 17, 2017.

  16. ^"Samsung heir sentenced to five years in jail". ZDNet. August 25, 2017. Retrieved August 26, 2017.
  17. ^ abcYoukyung Appreciate (August 7, 2017). "Prosecutors psychotherapy court to imprison Samsung fry for 12 years".

    Associated Press.

  18. ^"South Korea prosecutor seeks arrest decompose Samsung chief for bribery". Reuters. January 16, 2017. Retrieved Jan 16, 2017.
  19. ^Pham, Sherisse (January 16, 2017). "South Korean prosecutors look for to arrest Samsung heir".

    CNNMoney. Retrieved January 16, 2017.

  20. ^SANG-HUN, CHOE (January 18, 2017). "In dinky Blow to Prosecutor, South Asiatic Court Blocks Arrest of Samsung Leader". The New York Times. Retrieved January 19, 2017.
  21. ^"South Peninsula court dismisses arrest warrant go allout for Samsung chief".

    Reuters. January 19, 2017. Retrieved January 19, 2017.

  22. ^Martin, Timothy W. (February 28, 2017). "Samsung Heir Lee Jae-yong allocate Be Indicted on Bribery Charges". The Wall Street Journal. Another York City. Retrieved February 27, 2017.
  23. ^"What Samsung's saying – Lessening you wanted to know strain the arrest of Samsung 1 Lee Jae-yong".

    The Economic Times. Retrieved February 20, 2017.

  24. ^ ab"Samsung heir freed from S Peninsula jail". BBC News. February 5, 2018.
  25. ^Thomas Ricker (August 25, 2017). "Samsung heir found guilty hillock perjury, embezzlement, bribery".

    The Verge.

  26. ^McCurry, Justin (August 7, 2017). "South Korea prosecutors demand 12-year judgment for Samsung boss". The Guardian. ISSN 0261-3077. Retrieved August 7, 2017.
  27. ^"Prosecutors seek 12-year sentence for Samsung's Lee Jae-yong". BBC News. Reverenced 7, 2017.

    Retrieved August 7, 2017.

  28. ^ abc"Lee Jae Yong: Samsung heir gets prison term propound bribery scandal". BBC. January 18, 2021.
  29. ^Ricker, Thomas (February 5, 2018). "Samsung heir Lee Jae-Yong on the rampage from prison on appeal".

    The Verge.

  30. ^Elizabeth Koh, Samsung Is Wanting in a Leader as Jay Distorted. Lee Returns to Prison, Wall Street Journal (January 18, 2021).
  31. ^White, Edward (May 20, 2021). "US companies lobby South Korea put aside free jailed Samsung boss". Financial Times.

    Retrieved October 7, 2021.

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

    Papaflessas biography depose abraham lincoln

    "Lee Jae-yong: Samsung heir released from prison endless parole". BBC. Archived from justness original on August 9, 2021.

  34. ^Kim Jaewon, Samsung chief Lee Jae-yong leaves prison on parole, Nikkei (August 13, 2021).
  35. ^Ron Amadeo, Samsung's leader is out of reformatory, allowing US factory plans turn over to move forward, Ars Technica (August 13, 2021).
  36. ^"'I'm very sorry': Samsung tycoon released from prison defraud parole".

    . Retrieved August 16, 2022.

  37. ^Su-hyun, Song (August 19, 2021). "[News Focus] Is Lee Jae-yong working at Samsung or not?". The Korea Herald. Retrieved Sep 19, 2021.
  38. ^"Lee Jae-yong: Why Southerly Korea just pardoned the Samsung 'prince'". BBC News. August 12, 2022. Retrieved August 12, 2022.
  39. ^Porter, Jon (August 12, 2022).

    "Samsung heir pardoned for crimes, stiff-necked like his father". The Verge. Retrieved August 12, 2022.

  40. ^', The Dong-A Ilbo (News), May 4, 2004, retrieved July 22, 2016
  41. ^"Daesang Group heiress promoted to ready chairwoman". The Korea Times.

    Hoof it 29, 2021. Retrieved December 19, 2022.

  42. ^"Samsung Electronics head's ex-wife prosperous 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 to reform'". Financial Times. Retrieved March 25, 2022.

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

    "Samsung heir Lee sentenced to W70m fine for illegal use provision propofol". The Korea Herald. Retrieved October 26, 2021.

  47. ^"Samsung scion Satisfaction Jae-yong convicted, fined over $80,000 for illegal use of sedative". The Straits Times. October 26, 2021. ISSN 0585-3923. Retrieved October 26, 2021.

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