Jay Y. Lee

Lee Jae-yong, known professionally in the West as Jay Y. Lee, is a South Korean business magnate and the vice chairman of Samsung, serving as de facto head. He is the eldest child and only son of Hong Ra-hee and Lee Kun-hee, Chairman of Samsung, and is widely considered to be his father’s future successor.

  • Jay Y. Lee is the vice chairman of Samsung Electronics and heir to the country’s biggest conglomerate.
  • In 2017 he was jailed and charged with bribing a confidante of the now-imprisoned former president, Park Geun-hye, but was released in 2018.
  • The verdict noted his role as one of “passive compliance to political power.” He denies any wrongdoing and is appealing the case with the Supreme Court.
  • In September 2018 Lee accompanied President Moon on a trip to North Korea as part of a business delegation.
  • Lee became Samsung Electronics president in 2010 and was named vice chairman in 2012.