Oct 27, 2022
Lee Jae-yong: Samsung appoints convicted heir to top job
South Korean electronics giant Samsung has named convicted heir and de facto boss Lee Jae-yong as its executive chairman. The announcement formalises the role Mr Lee - who is also known as Jay Y Lee - has held since 2014. He took over after his father, the late Samsung Group chairman Lee Kun-hee, was hospitalised. In August last year, Mr Lee was released from a South Korean prison on parole after serving 207 days in jail. At the time, the country's Justice Ministry said it made the decision to release Mr Lee after considering the effects of the pandemic on South Korea's economy and global markets.
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