Samsung's "Crown Prince' in focus as father hospitalised


  • Business
  • Wednesday, 14 May 2014

SEOUL: Unassuming, media-shy and, as yet, unproven, Jay Y. Lee is the unofficial heir-apparent to lead Samsung Electronics Co Ltd, as the world's biggest technology group by sales approaches a crossroads after years of explosive growth.

The younger Lee, 45, became Samsung's vice chairman in 2012 after a spell as chief operating officer in what appeared to be a well choreographed long-term succession plan. But his father's ill-health –
Lee senior was hospitalised for a heart attack at the weekend – has raised concerns over whether Jay is ready to take control.

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