Feeds

Samsung anoints chairman's son and heir as vice-chairman

Set to be third generation of family to run giant chaebol

Internet Security Threat Report 2014

Samsung Electronics has promoted the son and heir apparent of its chairman to the job of vice chairman.

Jay Y Lee, son of chairman Lee Kun-hee, is already chief operating officer and president and is widely expected to be his father's successor.

"The promotion of Jay Y. Lee recognises his outstanding achievements as a leader of innovation and as a change agent, which has led to Samsung becoming one of the world’s beloved brands and to a commensurate rise in shareholder value," the firm said in a canned statement.

"Mr. Lee has also made invaluable contributions to the unprecedented growth of Samsung’s smartphone and TV businesses."

The Samsung group was started by Lee Byung-chull, Jay Lee's grandfather, and the electronics business is the most well-known arm of the giant South Korean family-run firm, known as a chaebol.

Politicians in the country have promised to democratise economics in the country, as ordinary Koreans express anger at how top-earning jobs are kept in the family. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.