Samsung Chairman Lee Kun-Hee’s daughter has been made the president of South Korean giant’s de-facto holding company.
Lee Seo-Hyun, the second daughter of Samsung Boss, will lead management planning at the Everland’s fashion business, according to a statement released by firm on Monday.
Seo-Hyun, 40, previously served as the vice-president of Cheil Industries, an ex-fashion unit which handed over its operations to Everland.
Seo-Hyun’s promotion will fortify Lee family’s hold on the company as her only brother – Lee Jae-Yong – had been made as chairman of Samsung Electronics last year, while her older sister – Lee Boo-Jin – is serving as the president at Everland, where she oversees business strategy.
Their father Lee Kun-Hee is the chairman of Samsung Electronics – the world’s top mobile phone and TV manufacturer. He is largely credited for changing Samsung, founded by his father Lee Byung-chul in 1938, into an international brand as well as the South Korea’s largest business group.
A tax evasion forced him to step down as Samsung chairman in 2008 but he returned to his post in 2010 after being pardoned by then President, Lee Myung-bak.