Profile Of Lee Jae Yong, South Korea's Richest Crown Prince And Controversy

Chairman of Samsung Electronics, Jay Y. Lee, (doc. samsung)

YOGYAKARTA Lee Jae Yong's profile is interesting to talk about. The reason is, he is called by US business and financial magazines the richest person in South Korea. The mention is called a new history because Lee Jae Yong'sappropriation was carried out for the first time. Then who is he really?

Lee Jae-yong (Jay Y. Lee) or Jae-yong is the supreme leader alias Executive Chairman of Samsung Electronics. He was born on June 23, 1968 in Seoul, South Korea. The man who is now approximately 55 years old is studying at Kyungbock High School, Seoul National University (Bachelor of Arts). He also received a Master of Business Administration from Keio University.

Jae-yong's story is like a Korean drama. He is Lee Kun-hee's only son who was previously Samsung's big boss. From the start Jae-yong was indeed called the crown prince, especially by people who worked in Samsung.

And it is true as expected, Jae-yong finally led Samsung after his father died in 2020. Jae-yong then led Samsung's company.

Even though he is currently Samsung's big boss, the presence of Jae-yong si Samsung has not just appeared. He has been in the company since 1991 as Vice President of Strategic Planning Samsung Electronics. His career has increased to become the Chief Operating Officer of Samsung Electronics (2009).

It didn't stop there, in 2012 Jae-yong became Vice Chairman at Samsung Electronics 2012. He has also been trusted to take care of Samsung since 2014 because Kun-hee's health condition continues to decline.

Until finally Kun-hee died on October 25, 2020. However, Jae-yong did not immediately replace his late father. The position has been vacant since 2020. Then in 2022 Jae-yong was appointed as executive chairman of Samsung Electronics.

Jae yong is also the largest shareholder in Samsung Electronics. And he is currently named the richest person in South Korea.

Quoted from Forbes, Jae-yong and his family are also in the process of managing an inheritance of 12 trillion won or around 8.5 billion US dollars. The magazine also said that Jae-yong's wealth touched 11.5 billion US dollars or around Rp. 185 trillion.

Despite being the richest person in South Korea, Jae-yong's life is not really smooth. He has even tasted the coldness of iron bars, one of which was due to the bribery and embezzlement of funds in 2017. He is said to have bribed the confidants of former President Park Geun-hye even though in 2018 Jae-yong was released.

In 2021 Jae-yong will have to return to trial with the results of a prison sentence of two and a half years without a presidential pardon.

The last case, Jay Yong Lee, was linked to money laundering cases and stock manipulation. However, the chairman of Samsung Electronics was declared innocent by the court.

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