Samsung heir Lee inherits key portion of patriarch's stake
By Joyce Lee
SEOUL (Reuters) -Stakes in Samsung Electronics and affiliates held by its late chairman were divided among his family and appear to bolster the control of his son and the company's vice chairman, Jay Y. Lee, regulatory filings showed on Friday.
This is the first time the information has been publicly disclosed since Lee Kun-hee, credited with turning Samsung into the world's largest smartphone and memory chip maker, died last October.
The inheritance was shared by his son Jay Y. Lee, daughters Lee Boo-jin and Lee Seo-hyun, and wife Hong Ra-hee.
Jay Y. Lee's stake in Samsung Life Insurance rose to 10.44% from 0.06% as he inherits half his father's shares in the insurer.
His sisters inherit ...
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SEOUL (Reuters) -Stakes in Samsung Electronics and affiliates held by its late chairman were divided among his family and appear to bolster the control of his son and the company's vice chairman, Jay Y. Lee, regulatory filings showed on Friday.
This is the first time the information has been publicly disclosed since Lee Kun-hee, credited with turning Samsung into the world's largest smartphone and memory chip maker, died last October.
The inheritance was shared by his son Jay Y. Lee, daughters Lee Boo-jin and Lee Seo-hyun, and wife Hong Ra-hee.
Jay Y. Lee's stake in Samsung Life Insurance rose to 10.44% from 0.06% as he inherits half his father's shares in the insurer.
His sisters inherit ...
Read More on Datafloq
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