Jay Y. Lee, son of Samsung Electronics chairman Lee Kun-hee and the company's chief operating officer arrives at the company's headquarters in Seoul December 1, 2010.
/Lee Jae-Won
Samsung Electronics Co Ltd Vice Chairman Jay Y. Lee [SAGR.UL] will take over from his father and Samsung Group patriarch Lee Kun-hee as head of two key foundations, replacing his father in leadership roles for the first time. Samsung Group said in a statement Jay Y. Lee would succeed his father as head of Samsung Life Public Welfare Foundation and Samsung Foundation of Culture. Lee Kun-hee has been hospitalized for about a year after suffering a heart attack, fueling expectations that the succession of control of South Korea's top conglomerate to his son will accelerate in coming months. (Reporting by Se Young Lee; Editing by Stephen Coates)
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