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Promotion of Samsung boss's daughter cements family's grip on conglomerate

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.

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