Speculators Bet Samsung Will Turn to Lee's Sister to Take Charge
Speculators bet Samsung will stray from tradition of male-dominated succession.
(Bloomberg) -- Speculators thinking Jay Y. Lee’s sister, Lee Boo-jin, could take the family mantle, are making a bet Samsung will stray from the tradition of male-dominated succession at the country’s chaebol.
But Samsung has broken away from tradition to better the business before and Boo-jin already advises and owns 5.5 percent of holding company Samsung C&T Corp.
She’s also proven her mettle at running a $3.3 billion Samsung business: Hotel Shilla, a luxury hotel line and duty-free business that’s more than doubled sales and market cap since 2010.
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To contact the reporter on this story: Shelly Banjo in Hong Kong at sbanjo@bloomberg.net.
To contact the editors responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net, Karthikeyan Sundaram