• Chairman of Samsung Electronics
    Lee Jae-yong

    Grappling with Solutions for Semiconductor Crisis Amid Ongoing Legal Risks

    Last Updated on Dec 31, 2024

Life Summary

Lee Jae-yong is the chairman of Samsung Electronics.

As the third-generation leader of the Samsung conglomerate, he oversees the management of the group, succeeding former chairman Lee Kun-hee.

He is focusing his efforts on reviving the struggling semiconductor sector while prioritizing the development of four major new business areas identified as future growth drivers: automotive electronic components, robotics, healthcare, and eco-friendly air conditioning systems.

Born on June 23, 1968, in Seoul, he is the eldest son among one son and three daughters of the late chairman Lee Kun-hee.

He graduated from Kyungbock High School in Seoul and majored in Oriental History at Seoul National University. He obtained a master’s degree in business administration from Keio University in Japan and completed a doctoral program in business administration at Harvard Business School in the United States.

Lee joined Samsung Electronics as a manager in the General Affairs Group. He climbed through the ranks, holding positions such as executive director in charge of management strategy, chief operating officer (COO) and vice president, president, and vice chairman.

After Lee Kun-hee suffered an acute myocardial infarction and was hospitalized, Lee Jae-yong effectively led the Samsung Group as vice chairman. He formally inherited leadership following his father’s passing.

He served a prison sentence for his involvement in the Park Geun-hye-Choi Soon-sil corruption scandal but was released on parole. In August 2022, he was reinstated through a special Liberation Day pardon and became chairman of Samsung Electronics in October of the same year.

Lee is also involved in a separate trial concerning accounting fraud allegations related to Samsung BioLogics during the merger between Samsung C&T and Cheil Industries.

Known for his practical and rational decision-making, he is regarded as approachable, with strong interpersonal and communication skills.

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