Promotion of Samsung boss's daughter cements family's grip on conglomerate
December 3, 2013, 12:08 am TWN
SEOUL -- The second daughter of Samsung Chairman Lee Kun-hee has been made a president at the firm's de-facto holding company, it said Monday, cementing his family's hold on the South Korean giant.
Lee Seo-hyun will lead management planning at Everland's fashion business, Samsung said in a statement.
The 40-year-old was previously executive vice president of Cheil Industries, which was the former fashion unit before it handed over operations to Everland.
Her older sister — Lee Boo-jin — has been a president at Everland since 2010, overseeing business strategy, while their only brother, Lee Jae-yong, was made vice chairman of Samsung Electronics last year.
The move is the latest promotion in recent years of the three heirs of the founding family, which controls Samsung through a complex web of share cross-holdings in group subsidiaries centered on Everland.