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]

gollark: That's nice.
gollark: That seems basically in accordance with the bodily autonomy thing.
gollark: If you're going to say "you technically can do whatever you want with your own body, but we're going to practically ban large classes of things" then that can absolutely generalize to abortion or anything else.
gollark: I assumed you meant "bodily autonomy", i.e. you own your body and get to decide what happens to it, based on you saying something about thinking the average person should support ownership of their own body.
gollark: "Ownership of your body ≠ Ownership of abortion drugs or the right to have a doctor do abortions."

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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