Samsung Electronics Promotes Founder's Grandson Lee Jae Yong to President

Samsung Electronics Co. promoted Lee Jae Yong, the son of chairman Lee Kun Hee, to president of Asia’s largest maker of memory chips, televisions and flat screens.

Lee Jae Yong was promoted from executive vice president, parent Samsung Group said in a statement today.

To contact the editor responsible for this story: Shinhye Kang at skang24@bloomberg.net

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