Lee Jae-yong, known professionally as Jay Y. Lee, is the grandson of Samsung founder Lee Byung-chul, son of current chairman Lee Kun-hee.
Aged 48, Lee Jae-yong has spent his entire career in the company and is vice chairman of Samsung Electronics.
Lee Jae-yong is currently vice-president of Samsung Electronics. But since his father, Lee Kun-hee, suffered a heart attack in 2014, he is considered de facto boss of the entire Samsung Group conglomerate.
In 2015, Lee Jae-yong was nominated to join the board of Samsung Electronics – an appointment confirmed on October 27.
He is widely expected to take overall control of Samsung once his 74-year-old father steps down.
Critics say Lee Jae-yong’s position on the board is due to his birth, not his business experience.