Samsung has promoted Lee Jae-yong, the only son of controversial chairman Lee Kun-hee , to vice-chairman. The younger Lee is currently COO and president of Samsung Electronics, and is widely considered the most likely candidate to succeed his father as chairman. Fluent in English and Japanese, Lee Jae-yong is 44 years old and often goes by the name Jay Y. Lee outside South Korea.
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Samsung hands vice-chairman position to chairman’s son Lee Jae-yong