Industry
Lee Jae-yong’s succession completes generational shift in Korea's chaebol circle
Oct. 27, 2022
Samsung Electronics chief Lee Jae-yong’s promotion to executive chairman on Thursday completes the generational power shift among South Korea’s four major chaebols. Lee, 54, is a third-generation chaebol scion, like Hyundai Motor's Chung Euisun who is two years younger. SK's Chey Tae-won is the eldest son of the group founder's brother, while LG's Koo Kwang-mor is a fourth-generation chaebol leader. Chey, 61, assumed the top position at the relatively early age of 38, after his fath