Date
19 August 2017
Jay Lee faces a challenge as he prepares to take the reins of Korean electronics giant Samsung. Photo: Reuters
Jay Lee faces a challenge as he prepares to take the reins of Korean electronics giant Samsung. Photo: Reuters

Jay Lee moves closer to top job at Samsung

South Korea’s Samsung Electronics could soon see Lee Jae-yong, who’s also known as Jay Y. Lee, succeed his father Lee Kun-hee in the chairman’s post.

Lee Kun-hee has been hospitalized since a heart attack in May, putting his anointed heir closer to the top job, Bloomberg News noted.

Jay Lee, who is 46 years old and is currently the vice-chairman, will face a big challenge in steering the electronics giant as it fends off competition from Apple Inc and a host of Chinese firms.

The younger Lee’s personality could however suit the Samsung of today, the report said, noting that he is approachable and fluent in three languages, traits that may help the group shift its focus from hardware to software, content and more collaboration with global partners.

He forged a relationship with Steve Jobs that helped Samsung supply components for Apple devices, including the iPod.

Still, his management abilities are unproven, Chang Sea Jin, provost’s chair in business policy at the National University of Singapore, was quoted as saying.

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RC

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