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Samsung considers steps to keep its ruling family in power
Samsung has always been a family-run company, and it's apparently bent on keeping things that way. As part of sweeping plans to reward investors (more on that in a bit), the South Korean tech giant says that it's considering the creation of a "holding company structure." It's not certain how this would work, but analysts believe that this would give greater control to vice chairman Lee Jae-yong (son of chairman Lee Kun-hee) and his sisters Lee Boo-jin and Lee Seo-hyun, all of whom play crucial roles in the company. They wouldn't have to worry as much about losing influence.
Chairman's son promoted to president of the Samsung Electronics gang
And so it goes. Samsung Electronics' Chairman, aka The Notorious Lee Kun-hee, has just seen his son Lee Jae-yong promoted to the position of president of the chaebol kingdom. Lee previously served as executive VP in the flagship arm of the Samsung Group conglomerate. As if that wasn't enough nepotism, Lee's little sis was promoted to the position of president of Everland, a Samsung-owned theme park / resort operator. Naturally, Samsung stock closed at a record high on the news.
