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President Lee Myung Hee, owner of Shinsegae, is not a strange businesswoman to Koreans. In addition, she is also known as a difficult mother-in-law who does not accept her daughter-in-law, actress Go Hyun Jung.
From housewife to female president
Lee Myung Hee (born in 1943) is the Chairman of Shinsegae Group - the largest luxury goods and branded goods distribution empire in Korea for many years. She held the position of Korea's richest woman in 2004 and 2005, according to statistics from the economic magazine Equitable. Currently, the female president owns assets of about 840 million USD after dividing her shares among her two children.
Lee Myung Hee is the daughter of the most powerful chaebol family in Korea - Samsung. She is the youngest daughter of founder Lee Byung-chul. After his father's death, the Samsung empire was inherited by his brother Lee Kun-hee, and Lee Byung-chul's remaining 7 children also took over the family's separate business branches. Among them, along with eldest brother Lee Jay Hyun who took over CJ, the youngest lady Lee Myung Hee is considered one of the people who separated from Samsung and built the most successful career of her own.
Under the direction of Lee Myung Hee, Shinsegae Group has become the country's second largest retailer, just behind giant Lotte. But few people know that before that, she was a housewife and had no intention of entering the business world.
After graduating from the Faculty of Arts at the prestigious Ewha Womans University, the youngest lady of the Samsung family married Chung Jae-eun, now president of Chosun Hotel, who was studying abroad in the US in 1967. After the "match-making" marriage, the youngest lady of the Samsung family stayed at home as a wife, taking care of the family as was the social standard at that time in Korea.
She has been a full-time housewife for more than 10 years, focusing on raising her son Chung Yong-jin and daughter Chung Yoo-kyung, the mother of G-Dragon's "rumored girlfriend" born in 2002. The female billionaire's family has quite a relationship with the showbiz world as Chung Yong-jin is the ex-husband of famous actor Go Hyun Jung. Both of her children are working and gradually taking over Shinsegae.
Then, in 1979, at the age of nearly 40, she was appointed by her father to Samsung and began her business career as a director of Shinsegae. In 1987, after chairman Lee Byung-chul passed away, she inherited Shinsegae, then in 1997 separated from Samsung completely.
When Lee Myung Hee took office as president in 1998, Shinsegae's stock price at that time was about 15,000 won, which increased more than 20 times to 320,000 won (as of May 2005) within 7 years. Besides retail, Shinsegae is also an import and distribution agent for about 30 luxury fashion brands in Korea such as Alexander Wang, Brunello Cucinelli, Celine,...
The legendary "difficult mother-in-law".
Like many others in the Samsung family, Chairman Lee does not like to interact with the media, let alone interviews. They kept their lifestyle extremely private for decades. The only information regularly posted about Lee Myung Hee is that she is the owner of the most expensive house in Korea. This villa is located in Hannam area, Yongsan district, Seoul, worth about 28 billion won (about 526 billion VND). The media has long only had photos of her participating in major corporate events.
The name Lee Myung Hee was also mentioned in the press for another reason, that is because she is the ex-mother-in-law of Go Hyun Jung - former Miss Korea 1989.
Like other mothers, Mrs. Lee Myung Hee always wants the best for her children. So when her eldest son Chung Yong Jin, Vice President of Shinsegae, said he wanted to marry actress Go Hyun Jung, she strongly objected for the sole reason that he was not a match. Despite his mother's objections, Chung Yong Jin still held the wedding. It was thought that Go Hyun Jung would become the legendary Cinderella, but after her marriage broke down in 2003, people truly learned that the actress's life as a bride is no different from being a prisoner behind bars. sand.
The female billionaire is said to have a discordant relationship, always causing difficulties for her daughter-in-law Go Hyun Jung.
Even though she was a famous Korean "muse" at that time, Go Hyun Jung was not popular with her husband's family. The whole family showed their disdain and contempt for the former beauty queen. The most famous story is that because she saw that everyone in her husband's family spoke to each other in English, she made an effort to improve this foreign language. But when she could speak English, her husband's family began to switch to French to "isolate" their showbiz daughter-in-law.
Even after "kicking" Go Hyun Jung out of the house with a compensation of only 1.5 billion won (31 billion VND), she also used her power to prohibit the image of her ex-daughter-in-law from appearing on social networks. products of Samsung and Shinsegae corporations. It is impossible to deny Ms. Lee Myung Hee's talent on stage, but she is also the model of a dictatorial mother often seen in Korean films.
Even now, after more than 20 years of divorce, Go Hyun Jung still does not have the right to see her two children. The Queen Seondeok actress even shared that she wanted to act in movies and appear in the media so her children could see their mother.
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