Lee Tae-sung (businessman)

Lee Tae-sung (born 1978) is a South Korea businessman.[1] He is Co-CEO of SeAH Holdings, a Korean mid-size steel conglomerate, since 2018.[2] Lee is also chairman of the Board and Vice President at SeAH Besteel, a major affiliate of the group.[3]

Lee Tae-sung
이태성
Born (1978-08-11) August 11, 1978
Seoul, South Korea
Alma materUniversity of Michigan
Tsinghua University
OccupationCEO of SeAH Holdings
Chairman of the Board of
SeAH Besteel Corp.
Net worthUS$ 175M
Board member ofSeAH Besteel Corp.
SeAH Holdings Corp.
Spouse(s)Chae Mun-seon

After his father and late chairman Lee Woon-Hyung passed away in 2013,[4] he is the largest shareholder in SeAH Holdings, owning a 44.5% of stake.[5]

Biography

Early life and education

Lee Tae-sung was born on August 11, 1978 in Seoul. He is the eldest son of late SeAH Group Chairman Lee Woon-Hyung and grandson the corporation's founder Lee Jong-deok. This makes him a third-generation descendant of the conglomerate.[6][7] In 2000, he majored in psychology and journalism at the University of Michigan and received an MBA from the Business School of Tsinghua.[1] Before he started his business career, completed his military service as an active-duty soldier in the ROK Army.

Career

Lee started working at SeAH Japan in 2006, and became Head of Strategic Planning at SeAH Holdings in 2009.[8] When his father, chairman Woon-Hyung Lee passed away in 2013, Lee Tae-sung inherited his father's shares in SeAH Holdings and SeAH Steel and became the group's largest shareholder.[9] The following year he was promoted as CEO and Head of Strategic Planning for SeAH Besteel Corporation. Four years later, at age 42, took over as CEO of SeAH Holdings Corp., not without controversy.[6]

Lee Tae-sung has established international branches including America, Germany, Thailand and India in order to diversify and secure the family business.[8]

Personal life

He is married Chai Moon-sun, daughter of Aekyung Group's vice chairman Chai Hyung-seok.[1]

Positions
Name Title Since
SeAH Besteel Corporation Director, Vice President & Head Planning[5] 2014
SeAH Holdings Corporation Co-Chief Executive Officer & Director[5][2] 2018
SeAH CSS Corp. Driector & Executive Director[5][2] (2015 - 2018)
Irongrey Chief Executive Offiver and Director[5] 2015

References
  1. "Lee Tae-Sung". The Investor. Retrieved 2020-09-16.
  2. "Lee Tae-Sung". Bloomberg. Retrieved 2020-09-11.
  3. "S. Korea's SeAH Besteel to pursue global M&A - Pulse by Maeil Business News Korea". pulsenews.co.kr (in Korean). Retrieved 2020-09-11.
  4. Herald, The Korea (2013-03-11). "SeAh Steel chairman dies of heart attack". www.koreaherald.com. Retrieved 2020-09-11.
  5. MarketScreener. "Tae-Sung Lee - Biography". www.marketscreener.com. Retrieved 2020-09-11.
  6. "Nepotism remains prevalent at Korean chaebols". english.hani.co.kr. Retrieved 2020-09-16.
  7. "SeAH Steel to demerge into holding, operating entities - Pulse by Maeil Business News Korea". pulsenews.co.kr (in Korean). Retrieved 2020-09-16.
  8. "Lee expands global influence in special steel business". koreatimes. 2020-05-20. Retrieved 2020-09-16.
  9. "Widow of SeAH chairman takes husband's job". koreatimes. 2013-12-23. Retrieved 2020-09-11.
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