Jay Y. Lee

Micron joined South Korean competitors Samsung and SK Hynix in the trillion-dollar club this month, minting a new billionaire.

South Korea’s richest person, Jay Y. Lee, now boasts a net worth of $34 billion. Samsung’s soaring shares have made his younger sisters Boo-jin and Seo-hyun and mother Hong Ra-hee the second, third, and fourth richest, respectively.

The biggest gainer in dollar terms this year, Lee nearly tripled his net worth to a record $21.6 billion.

Seven newcomers storm into the ranks as the minimum net worth rises to $1 billion, a record for the country.

An AI-fueled boom drove up shares of Samsung Electronics, propelling executive chairman Jay Y. Lee to the top spot on the Korea wealth rankings for the first time.

The leader of South Korea’s largest family-run conglomerate has been embroiled in a legal battle for almost a decade.

The new executive chairman of Samsung Electronics is betting on next-gen technologies amid weak chip demand, economic uncertainty.

Samsung chief Jay Y. Lee’s legal saga continues.

As of Tuesday noon, Kakao founder Kim Beom-su has an estimated net worth of $11.1 billion, behind Celltrion cofounder Seo Jung-jin and Samsung’s Jay Y. Lee.

The de facto leader of Samsung was first convicted in 2017 for bribing the confidante of former South Korean President Park Geun-hye in a corruption scandal that led to the impeachment and jailing of the country’s first female leader.

The Korean electronic giant’s de facto head had previously served jail time in connection to a separate corruption and bribery case in 2017.

The ruling means that the prosecution may have to forego what would have been Lee’s second lengthy trial.

Touring an R&D center south of Seoul for developing new and better chips, he preferred to talk about the future of the business.

Lee emerged from the room where he had been awaiting the decision early in the morning after the judge rejected the prosecution request to hold him while the case against him drags on.

The earlier decision that allowed Jay Y. Lee to walk free is now up for reconsideration–a process that is deeply troubling for Samsung and the Korean economy considering that Samsung entities account for about 20% of the country's gross domestic product.

The Seoul Central District Court has approved an arrest warrant for Samsung Electronics vice chairman Jay Y. Lee, 48, for his role in the political scandal that has rocked South Korea since October 2016.