The 44-year-old son of Samsung owner Lee Kun-hee has been promoted to vice chairman of Samsung Electronics.
Report by Chosun Online
Lee Jae-yong is widely credited with contributing to the company’s record-breaking profits this year, despite unfavorable global economic conditions.
With his new title, Lee consolidates his role as heir apparent to the vast conglomerate.
The appointment is part of Samsung’s latest management reshuffle, in which some 17 board members were newly positioned.