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Text: Fenfa Wind Chime Entertainment
Edit|Fenfa Wind Chime Entertainment
If you want to talk about the family background of this guy Lee Jae-yong, you have to start with him Lee Kun-hee. Lee Kun-hee, the big guy who developed a small Samsung group into Korea's largest company, was almost crushed by the financial crisis several times, but he always fought hard and made a comeback.
Although Lee Kun-hee only gave birth to one son, Lee Jae-yong, his three daughters, Lee Boo-jin, Lee Seo-hyun and Lee Yoon-hin, are not vegetarians. Especially the eldest daughter Li Fuzhen, who has shown excellent business acumen since she was a child, is simply a copy of "Little Li Jianxi".
Lee Kun-hee put the burden of Samsung on his only son Lee Jae-yong back then, undoubtedly wanting to train him to succeed him. didn't think that Li Zairong would behave so mediocre and inactive on weekdays, and he would bury Samsung. This frightened Lee Kun-hee and annoyed his daughter Lee Bo-jin, who was bent on expanding Samsung.
Since then, the conflict between Lee Jae-yong and Lee Fu-jin has begun. The two secretly quarreled with each other, and you came and went, as if you wanted to pull each other off the horse from the position of the heir of the three stars. With his outstanding ability and performance, Lee Fuzhen really put Lee Jae-yong under a lot of pressure.
In order to suppress his sister, Lee Jae-yong started a series of dirty deeds. For example, if he domesticated a star as a xing slave, he once supported Li Fuzhen to marry Ren Youzai, a bodyguard from a humble background, in order to belittle her status in the family......
The marriage used him to consolidate his inheritance in Samsung, and Lee Jae-yong also used the "political marriage" two. In the 90s, he took the initiative to date Lin Shiling, the daughter of the chairman of the Elephant Group, and later became husband and wife.
Lin Shiling was a beautiful and promising "woman at the top of the pyramid" at that time. With the support of her father, the Elephant Group, Samsung has grown rapidly in the food and beverage industry. It's a pity that the luck of this three-star "princess" is not good, not only was she made things difficult by Lee Jae-yong's mother after marriage, but even the support from her husband was also lacking.
When the financial crisis hit in 2008, the Elephant Group was in trouble, and Lin Shiling asked her husband Lee Jae-yong for help several times, but only got cold eyes from the other party. In the end, the two also divorced under the haze, and Lin Shiling took a high breakup fee and counterattacked to become a strong woman in her career.
Lee Jae-yong not only took advantage of his wife, but even his own sister ignored him. For example, Ren Youzai, whom Li Fuzhen married, not only made the company not operate well, but also repeatedly abused her, and the two experienced a 5-year divorce dispute, which made Li Fuzhen, who was already in a weak position, even more discredited in the family.
What's even worse is the little sister Li Yinxin. When she was young, she fell in love with an ordinary young man, but was opposed by her family, including her father Lee Kun-hee and her brother Lee Jae-yong. Later, Li Yinxin gradually degenerated, and finally died mysteriously in a hotel in Las Vegas, United States, leaving one mystery after another.
After years of family power struggles, Lee Jae-yong finally defeated his sisters and cemented his position as the heir to Samsung. In 2013, when Lee Kun-hee temporarily retired from the second line due to health reasons, Lee Jae-yong successfully took over the actual operation of Samsung Group.
Once in power, Lee Jae-yong displayed his "iron fist" management style. In order to show his determination and ability to the outside world, he ruthlessly fired his employees and carried out drastic reforms. However, these reforms did not improve Samsung's performance, but instead triggered a series of product quality crises.
For example, during the tenure of Lee Jae-yong, Samsung's mobile phones had many explosions, which dealt a heavy blow to Samsung's flagship product line. At the same time, Samsung's market share in traditional areas such as smartphones and TVs has also been declining, and it has been quickly overtaken by rising stars such as Apple and Xiaomi.
Just as Samsung's performance was declining, a series of black materials surrounding Lee Jae-yong also began to be widely circulated in the outside world. The most serious was in 2016, when Park Geun-hye, then president of Korea, was suddenly implicated in the "cronies" scandal, and Lee Jae-yong was one of the masterminds behind this manipulation of the president.
After a difficult trial, Lee Jae-yong was finally convicted of bribery in 2017 and served his sentence in prison. And in the past few years that he has been in prison, Samsung's performance has also been a mess, which can be described as worse. It was not until 2022, under the strong lobbying of Korea's political and business circles, that Lee Jae-yong was released from prison by amnesty and was soon reappointed as the chairman of Samsung Electronics.
Looking at the now beautiful three-star prince Lee Jae-yong, it may be difficult for you to imagine that he used to be a person who turned over several times in the gutter. Through this series of scandals, it is not difficult for us to find out how much power, money and desire are hidden behind this seemingly glamorous family.
However, Lee Jae-yong eventually overcame all difficulties and became the head of Samsung, which also reflects from the side that in the world of Korea's family business, it always relies on narrow blood ties rather than fair and just competition.
From Lee Jae-yong's fight all the way out of the encirclement and finally ascending to the throne of Samsung Electronics, it can be seen that in the world of Korea's family business, it always relies on narrow blood ties rather than fair and just competition. However, this monolithic decision-making model is also exposing some deep-seated problems in Korea society.
First, Korea's chaebol families have serious power monopoly and corruption problems. A large corporation like Samsung has effectively become a government, with significant economic power and political influence.
Their collusion and corruption with political leaders have plunged the whole society into a strange circle, and those who violate the law and discipline often escape justice. The reason why Lee Jae-yong was able to obtain amnesty and be released from prison was largely due to this "deep-seated" manipulation.
Second, employment discrimination and gender discrimination in Korea society are also very serious. We see that female elites like Lin Shiling and Li Fuzhen, despite their extraordinary abilities, can only struggle in the dark room of family power.
And a mediocre person like Ren Youzai can obtain a considerable position and status by virtue of blood relations. For a long time, this family-style gate valve culture has greatly hindered the progress and fairness and justice of Korea society.
Third, there is also a serious problem of moral decay within the chaebol families in Korea. Actions like Lee Jae-yong's have actually violated the basic bottom line of human ethics.
Not only did he use his sisters' marriages to achieve his own goals, but he also had no control over the power in his hands. Treachery and wolf ambition, which were once defined as "the worst evils," are now commonplace in these families.
To sum up, although the fate of Lee Jae-yong alone can arouse our strong interest in reading, he is only a microcosm of the institutional contradictions in Korea society.
To solve these stubborn problems that plague Korea, I am afraid that more efforts and reflection are needed. We will wait and see how this country, once one of the Asian Tigers, will be able to regain its vitality and vitality.