Speculators Bet Samsung Will Turn to Lee's Sister to Take ChargeBy
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.
For more analysis of this event, click here for our TOPLive blog.