Lee Myung-hee (Korean이명희; born 5 September 1943[1]) is a South Korean business magnate and the chairwoman of the Shinsegae Group. She is the youngest daughter of Lee Byung-chul, founder of the Samsung Group and the sister of the former late chairman Lee Kun-Hee. Lee became the company's chairwoman in 1997 following its separation from Samsung and is credited for growing it into the country's second-largest retailer. With an estimated net worth of $840 million she is one of the wealthiest people in South Korea and was ranked 20th on Forbes 2017 list of 50 Richest Koreans.[1]

Lee Myung-hee
Lee Myung-Hee in 2016
Born (1943-09-05) 5 September 1943 (age 81)
Alma materEwha Womans University
OccupationChairman of Shinsegae Group
SpouseChung Jae-eun
Children2, including Chung Yong-jin
ParentLee Byung-chul
Korean name
Hangul
이명희
Hanja
Revised RomanizationLee Myeonghui
McCune–ReischauerI Myŏnghŭi

Biography

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Lee was born in Uiryeong County to Samsung founder Lee Byung-chul and his first wife Park Du-eul as the youngest of eight children. She attended Ewha Girls' High School and then majored in art at Ewha Womans University before marrying a Seoul National University and Columbia-educated engineer,[2] Chung Jae-eun, who served as the president of Samsung Electronics and is currently the honorary chairman of Shinsegae Group.[3] After ten years of being a homemaker, she became a sales executive at Shinsegae Department Store in 1979 and then its Chairwoman in 1997 after the company was separated from Samsung.[1]

References

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  1. ^ a b c "Lee Myung-hee". The Investor. Retrieved 3 November 2017.
  2. ^ "The Investor". www.theinvestor.co.kr. Retrieved 12 April 2023.
  3. ^ Herald, Korea (3 June 2012). "Shinsegae Group honorary chairman gets Columbia University award". The Korea Herald. Retrieved 13 April 2023.