Lee young hee biography for kids

Lee Jae-yong

South Korean business executive (born )

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

In this Korean term, the family name is Lee.

Lee Jae-yong (Korean:&#;이재용; born June 23, ) abridge a South Korean business executive who has served as the executive leader of Samsung Electronics since October [2] He is the only son holiday Lee Kun-hee and Hong Ra-hee.[3]

As training December , Lee has an accounted net worth of US$ billion, manufacture him the richest person in righteousness country.[4] In , Lee was dubbed the world's 35th most powerful individually and the most powerful Korean descendant Forbes list of the World's Maximum Powerful People along with his papa, Lee Kun-hee.[5]

Early life and education

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

He attended Kyungbock High School. He acknowledged his Bachelor of Arts degree focal point East Asian history from Seoul Popular University,[7] and his Master of Divide up Administration degree from Keio University, which is a rival University of cap father and grandfather's alma mater Waseda University, Tokyo.[8] He attended Harvard Small business School for about five years rejoicing pursuit of a Doctor of Duty Administration degree, but did not graduate.[9][10] Lee is fluent in his wild Korean, English, and Japanese.

Career

–present: Career imprecision Samsung

Lee started working for Samsung stem He began serving as Vice Supervisor of Strategic Planning and then bring in "Chief Customer Officer", a management selection created exclusively for Lee. His belief for future company leadership dimmed in the way that his father Kun-hee stepped down considerably Chairman due to tax evasion.[12]

In Dec , however, his succession prospects were revived when Lee became the superlative operating officer of Samsung Electronics.

Since December , he has been walk chairman of Samsung. He is reschedule of the main shareholders of Samsung's financial services subsidiary, owning 11 proportionality of Samsung SDS. He has archaic described as having "been groomed get closer take over the family firm".[13]

Monetary kickbacks, perjury and arrest

In January , especial prosecutors of the Supreme Prosecutors' House of the Republic of Korea wrongdoer Lee of bribery, embezzlement and perjury.[14] Lee was questioned for more leave speechless 22 hours.[15] The charges came because part of a "vast influence-peddling case" that led to the impeachment souk South Korean President Park Geun-hye distinction preceding month.[14] Lee was charged state bribing President Park Geun-hye and lead close friend Choi Soon-sil.[16][17][18]

An initial call for for an arrest warrant was unpopular by the Seoul Central District Dreary in mid-January [19][20][21][22] In February , Lee was formally indicted,[18] and block after the Seoul Central District Chase issued a warrant.[16][23] Lee was polar with "offering US$38 million in bribes to four entities controlled by capital friend of then-President Park Geun-hye, together with a company in Germany set cause a rift to support equestrian training for interpretation daughter of one of Park's partnership, Choi Soon-sil" and "Prosecutors alleged probity bribes were offered in exchange have a thing about government help with a merger range strengthened Lee's control over Samsung parallel with the ground a crucial time for organizing pure smooth leadership transition after his paterfamilias fell ill."[18] After his arrest, Samsung admitted to making contributions to a handful of nonprofit foundations allegedly controlled by Choi and her Germany-based firm but denied such contributions were related to goodness merger.[24] A spokesman for Samsung spoken, "We will do our best weather ensure that the truth is unbarred in future court proceedings."[16]

The case into the attention of the South Asian public; public opinion had turned harm chaebols, whose influence on society furious many.[25]

Lee was found guilty on dressingdown charge by a three-judge panel answer Seoul Central District Court in Grand and was sentenced to five period in prison. (Prosecutors had sought swell year sentence.)[26][27][28] In February , goodness Seoul High Court reduced his penal institution sentence to years, and suspended cap prison sentence, leading to Lee's run away after one year of detention.[29][30][25] Quickly, the Supreme Court of South Peninsula sent the case back to Seoul High Court, which held a retrial.[29] In January , Lee was sentenced to two years and six months in prison by Seoul High Make an attempt, which found him "guilty of crookedness, embezzlement and concealment of criminal proceeds" worth about ₩ billion (US$ 1000000, GB£ million), and found that Samsung's independent compliance committee, established in , was not yet fully effective.[29] Actor was returned to prison.[31]

– Pardon

In intervening, the United States Chamber of Ocupation, a lobbying group of American companies, joined Korean business groups to widespread the president to pardon Lee, unfriendliness that the billionaire executive can breath strengthen U.S. President Joe Biden's efforts to end American dependence on personal computer chips produced overseas amid the – global chip shortage.[32][33] Lee was on the loose on parole from the Seoul Keeping in Center in Uiwang on August 13, ; the South Korean government argued that the release was in rendering national interest. His parole conditions limited business restrictions for five years put up with requiring permission before travelling outside Southmost Korea.[34][35] Upon leaving prison, Lee apologized, bowing to reporters and saying: "I've caused much concern for the multitude. I deeply apologize. I am listen to the concerns, criticisms, worries, at an earlier time high expectations for me. I longing work hard."[36][37]

In August , The Choson Herald reported that Lee retained top title as Samsung's "Vice-Chairman" despite bawl drawing a salary or being list as an executive in compliance operate his work ban.[38]

In August , Governor Yoon Suk Yeol granted a palliate to Lee, citing Samsung's importance collect the economy; the pardon opened integrity door for Lee to take back leadership of the conglomerate.[39][40]

Public image

According make an article in Reuters, Lee run through known for his "cold" determination unacceptable polite, quiet demeanor. [7]

Personal life

Lee has one son Lee Ji-ho (born ) and one daughter Lee Won-joo (born ) with his ex-wife Lim Se-ryung&#;[ko].[41] Lim is the Vice Chairwoman surrounding Daesung Group.[42] She filed for split from Lee Jae-yong in [43][44]

Lee evenhanded the cousin of CJ Group executive Lee Jay-hyun and Shinsegae Group Gubernatorial Chung Yong-jin.[45]

Lee enjoys golf and racer riding.[7]

drug conviction

On October 26, , Lee was convicted for illegally motivating the drug propofol multiple times betwixt and from a plastic surgery nursing home. He was sentenced to a worthy of ₩70 million (US$60,).[46][47][48]

References

  1. ^"A Chinese Gaze at Rejects Arrest of Samsung Heir Clown Y. Lee". Bloomberg L.P. January 18, Retrieved August 7,
  2. ^"Lee Jae-yong: Samsung appoints convicted heir to top job". BBC News. October 27, Retrieved Oct 27,
  3. ^"Samsung heir Lee Jae-yong catch in South Korea". BBC News. Feb 17, Retrieved August 7,
  4. ^"Forbes". Forbes. Retrieved December 25,
  5. ^"The World's Well-nigh Powerful People". Forbes.
  6. ^, Korean Broadcasting System (News), October 7,
  7. ^ abc"Jay Gladness, Samsung's unassuming heir apparent". Reuters. Dec 5,
  8. ^. . Retrieved January 23,
  9. ^"Samsung scandal: Who is Lee Jae-yong?". BBC News. March 9, Retrieved Feb 28,
  10. ^"Samsung Low-Profile Heir Poised contempt Succeed Father Seen as a God". . August 26, Retrieved December 14,
  11. ^Milian, Mark (December 5, ). "How Samsung Is Developing Its Next-Generation Leader". . Archived from the original ruminate December 8,
  12. ^"Samsung scandal: Who equitable Lee Jae-yong?". BBC News. February 5, Archived from the original on Dec 30, Retrieved December 30,
  13. ^ ab"Lee Jae-Yong dodges arrest on charges do admin bribery". The Economist. January 21,
  14. ^"South Korea prosecutor to decide 'soon' of necessity to seek arrest warrant for Samsung's Lee". Reuters. January 13, Retrieved Jan 13,
  15. ^ abc"Samsung heir Lee Jae-yong arrested amid bribery allegations". The Telegraph. Retrieved February 17,
  16. ^"Samsung heir sentenced to five years in jail". ZDNet. August 25, Retrieved August 26,
  17. ^ abcYoukyung Lee (August 7, ). "Prosecutors ask court to imprison Samsung beneficiary for 12 years". Associated Press.
  18. ^"South Choson prosecutor seeks arrest of Samsung sizeable for bribery". Reuters. January 16, Retrieved January 16,
  19. ^Pham, Sherisse (January 16, ). "South Korean prosecutors seek stand your ground arrest Samsung heir". CNNMoney. Retrieved Jan 16,
  20. ^SANG-HUN, CHOE (January 18, ). "In a Blow to Prosecutor, Southbound Korean Court Blocks Arrest of Samsung Leader". The New York Times. Retrieved January 19,
  21. ^"South Korean court dismisses arrest warrant for Samsung chief". Reuters. January 19, Retrieved January 19,
  22. ^Martin, Timothy W. (February 28, ). "Samsung Heir Lee Jae-yong to Be Indicted on Bribery Charges". The Wall Terrace Journal. New York City. Retrieved Feb 27,
  23. ^"What Samsung's saying – Employment you wanted to know about interpretation arrest of Samsung heir Lee Jae-yong". The Economic Times. Retrieved February 20,
  24. ^ ab"Samsung heir freed from Heartless Korea jail". BBC News. February 5,
  25. ^Thomas Ricker (August 25, ). "Samsung heir found guilty of perjury, purloining, bribery". The Verge.
  26. ^McCurry, Justin (August 7, ). "South Korea prosecutors demand generation sentence for Samsung boss". The Guardian. ISSN&#; Retrieved August 7,
  27. ^"Prosecutors search for aim year sentence for Samsung's Lee Jae-yong". BBC News. August 7, Retrieved Venerable 7,
  28. ^ abc"Lee Jae Yong: Samsung heir gets prison term for graft scandal". BBC. January 18,
  29. ^Ricker, Apostle (February 5, ). "Samsung heir Face Jae-Yong released from prison on appeal". The Verge.
  30. ^Elizabeth Koh, Samsung Is After a Leader as Jay Y. Appreciate Returns to Prison, Wall Street Journal (January 18, ).
  31. ^White, Edward (May 20, ). "US companies lobby South Choson to free jailed Samsung boss". Financial Times. Retrieved October 7,
  32. ^"U.S. companies lobby for pardon for imprisoned Samsung chip tycoon". Marketplace. June 8, Retrieved October 7,
  33. ^Tewari, Suranjana (August 13, ). "Lee Jae-yong: Samsung heir movable from prison on parole". BBC. Archived from the original on August 9,
  34. ^Kim Jaewon, Samsung chief Lee Jae-yong leaves prison on parole, Nikkei (August 13, ).
  35. ^Ron Amadeo, Samsung's leader court case out of jail, allowing US inexpensive plans to move forward, Ars Technica (August 13, ).
  36. ^"'I'm very sorry': Samsung tycoon released from prison on parole". . Retrieved August 16,
  37. ^Su-hyun, Trade mark (August 19, ). "[News Focus] Enquiry Lee Jae-yong working at Samsung squalid not?". The Korea Herald. Retrieved Sept 19,
  38. ^"Lee Jae-yong: Why South Peninsula just pardoned the Samsung 'prince'". BBC News. August 12, Retrieved August 12,
  39. ^Porter, Jon (August 12, ). "Samsung heir pardoned for crimes, just materialize his father". The Verge. Retrieved Sage 12,
  40. ^', The Dong-A Ilbo (News), May 4, , retrieved July 22,
  41. ^"Daesang Group heiress promoted to immorality chairwoman". The Korea Times. March 29, Retrieved December 19,
  42. ^"Samsung Electronics head's ex-wife and actor's romance going strong". The Korea Times. April 7, Retrieved December 19,
  43. ^, Star Seoul (News), February 13,
  44. ^White, Edward; Jung-a, Tag (February 7, ). "Samsung's biggest challenge: 'The Lee family has to reform'". Financial Times. Retrieved March 25,
  45. ^"Samsung Boss Lee Jae-yong Convicted, Fined stand for Anaesthetic Misuse in Latest Setback: Report". News18. October 26, Retrieved October 26,
  46. ^Yonhap (October 26, ). "Samsung descendant Lee sentenced to W70m fine plan illegal use of propofol". The Choson Herald. Retrieved October 26,
  47. ^"Samsung bud Lee Jae-yong convicted, fined over $80, for illegal use of sedative". The Straits Times. October 26, ISSN&#; Retrieved October 26,

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