Samsung Names Scion Jay Y Lee To Board Of Directors

Seoul: Samsung Electronics Co Ltd said on Monday its board of directors has nominated vice chairman Jay Y Lee as an inside director, signalling the group's de facto head would officially cement his role as leader of South Korea's biggest conglomerate. Lee, 48, is already widely considered the undisputed leader of the smartphones-to-construction conglomerate after his father and Samsung Electronics chairman Lee Kun-hee was hospitalis...