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Lee Myung-hee Biography Financial scandals References Navigation menu"Lee Myung-Hee""Lee Myung-hee""Shinsegae chairwoman caught with borrowed-name stocks again"

1944 birthsLiving peopleSouth Korean billionairesFemale billionairesEwha Womans University alumniSamsung peoplePeople from South Gyeongsang ProvinceSouth Korean women in business20th-century South Korean businesspeople21st-century South Korean businesspeople20th-century businesswomen21st-century businesswomen


HangulShinsegae GroupLee Byung-chulSamsung GroupLee Kun-HeeSamsungForbesUiryeong CountyLee Byung-chulEwha Girls' High SchoolEwha Womans Universityhomemaker












Lee Myung-hee




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For the volleyball player, see Lee Meong-hee.

This is a Korean name; the family name is Lee.

























Lee Myung-hee

이명희 신세계그룹 회장 Lee Myung-Hee.png
Lee in 2016

Born
(1944-09-05) 5 September 1944 (age 74)

Uiryeong, South Gyeongsang Province, Japanese Korea

NationalitySouth Korean
Alma materEwha Womans University
Occupation
Chairman 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
이명희
Hanja
李明熙
Revised RomanizationLee Myeonghui
McCune–ReischauerI Myŏnghŭi

Lee Myung-hee (Hangul: 이명희; born 5 September 1944) is a South Korean business magnate and the chairwoman of the Shinsegae Group. She is 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]



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 by 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]



References




  1. ^ "Lee Myung-Hee", Forbes (profile), retrieved 3 November 2017.mw-parser-output cite.citationfont-style:inherit.mw-parser-output .citation qquotes:"""""""'""'".mw-parser-output .citation .cs1-lock-free abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .citation .cs1-lock-subscription abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registrationcolor:#555.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration spanborder-bottom:1px dotted;cursor:help.mw-parser-output .cs1-ws-icon abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center.mw-parser-output code.cs1-codecolor:inherit;background:inherit;border:inherit;padding:inherit.mw-parser-output .cs1-hidden-errordisplay:none;font-size:100%.mw-parser-output .cs1-visible-errorfont-size:100%.mw-parser-output .cs1-maintdisplay:none;color:#33aa33;margin-left:0.3em.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-formatfont-size:95%.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-leftpadding-left:0.2em.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-rightpadding-right:0.2em


  2. ^ abc "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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