Lee Myung-hee

Lee Myung-hee (Korean: 이명희; born 5 September 1943) 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 its current 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 $1.5 billion she is one of the wealthiest people in South Korea and was ranked 20th on Forbes 2017 list of 50 Richest Koreans.[2]

For the volleyball player, see Lee Meong-hee.
This is a Korean name; the family name is Lee.
Lee Myung-hee
Lee in 2016
Born (1943-09-05) 5 September 1943
Uiryeong, South Gyeongsang Province, Japanese Korea
NationalitySouth Korean
Alma materEwha Womans University
OccupationChairman of Shinsegae Group
Net worthUS$1.7 billion (October 2018)[1]
Spouse(s)Chung Jae-eun (1937-)
Children2 including Chung Yong-jin
Parent(s)Lee Byung-chul (1909-1987)
Park Du-eul (1907-1999)
Korean name
Hangul
Hanja
Revised RomanizationLee Myeonghui
McCune–ReischauerI Myŏnghŭi

Biography

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. 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.[2]

Financial scandals

During her time as chairwoman Lee has been fined on three separate occasions. The first was in 2006 for 350 billion won ($300 million) after she hid 800 billion wons worth of stock under different names. In 2012 the Fair Trade Commission fined Lee 4 billion won ($3.4 million) for charging different transaction fees. Then in 2015 she was fined 70 billion won for hiding 380,000 company shares worth 80 billion won ($68 million) under different names.[2][3]

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gollark: ++exec```pythonprint("<:Thonk:445016973798014987><:Thonkdown:433149076721238016>" * 50)```
gollark: ++exec```pythonprint("<:Thonk:445016973798014987><:Thonkdown:433149076721238016>" * 50)```
gollark: ++exec```pythonprint("<:Thonk:445016973798014987><:Thonkdown:433149076721238016>" * 50)```
gollark: ++exec```pythonprint("<:Thonk:445016973798014987><:Thonkdown:433149076721238016>" * 50)```

References
  1. "Lee Myung-Hee", Forbes (profile), retrieved 3 November 2017
  2. "Lee Myung-hee". The Investor. Retrieved 3 November 2017.
  3. Bae, Ji-sook (10 November 2015). "Shinsegae chairwoman caught with borrowed-name stocks again". The Korea Herald. Retrieved 3 November 2017.
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