• Chairman of Samsung Electronics
    Lee Jae-yong

    Down-to-Earth Personality, Practicality Emphasized, Focused on Securing New Growth Engines

    Last Updated on Jul 1, 2024

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Life Summary
Lee Jae-yong is the chairman of Samsung Electronics.

As the third-generation owner of the Samsung Group, he succeeded the late former chairman Lee Kun-hee and oversees the management of the Samsung Group.

He was born on June 23, 1968, in Seoul as the grandson of Samsung Group founder Lee Byung-chul and the eldest son of the late former chairman Lee Kun-hee.

He graduated from Kyungbock High School in Seoul, earned a degree in Oriental History from Seoul National University, and received a Master's degree in Business Administration from Keio University in Japan. He also completed the doctoral program in Business Administration at Harvard Business School in the United States.

He joined Samsung Electronics as the head of the General Affairs Group.

He served as Executive Director and Senior Vice President of Management Strategy, COO and Vice President, President, and Vice Chairman.

After the late former chairman Lee Kun-hee was hospitalized due to acute myocardial infarction, Lee Jae-yong practically led the Samsung Group as vice chairman. Following the passing of Lee Kun-hee, he inherited shares and officially succeeded the management rights, becoming chairman.

He was implicated in the Park Geun-hye-Choi Soon-sil scandal, sentenced to prison, and later released on parole. In August 2022, he was pardoned on Liberation Day. As of July 2024, he is undergoing a separate trial regarding the merger of Samsung C&T and Cheil Industries, as well as the subsequent accounting fraud at Samsung Biologics.

He is focusing his efforts on achieving results in new businesses such as system semiconductors, automotive electronic components, and robotics, establishing new growth engines for Samsung Electronics. In particular, he is striving to lead in advanced semiconductor microfabrication processes in the AI era, staying ahead of global competitors.

He believes that securing talent and technology is the most crucial factor for strengthening competitiveness.

He is known for his down-to-earth personality, emphasizing rationality and practicality in decision-making. He is also praised for his affability and communication skills.

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