Lee Joo-sung

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Lee Joo-seung
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Born1978 (age 45–46)
NationalityKorean
CitizenshipSouth Korea
Alma mater
  • University of Chicago
  • Columbia University
OccupationPresident and CEO of SeAH Steel Holdings
Board member ofSeAH Steel Holdings
SeAH Steel Corp.

Lee Joo-sung (born 1978) is a South Korean businessman. He is the President and CEO of Seah Steel Holdings, a large Korean steel conglomerate, since January 2022.[1][2]

Biography

Early life and education

Lee Joo-sung was born in 1978, in Seoul. He is son of the current SeAH Group chairman Lee Soon-hyung and grandson of the corporation's founder Lee Jong-deok. This makes him a third-generation descendant of the Conglomerate (company), together with his cousin Lee Tae-sung (businessman).[3][4] He graduated from high school in Switzerland and moved to the United States to study in the University of Chicago, where he majored in Economics and East Asian Languages & Civilizations in 2001. He also received an MBA from Columbia University in 2011.[5]

Career

Lee started working as a business analyst for different companies before joining the family business in 2008. He became COO at SeAH Steel at the age of 35, five years after joining the company.[3]

When SeAH Steel Corp. demerged into two separate entities in 2018, he took a leading role as Senior Executive Vice President in the manufacturing entity.[6] He owns 21,63% stake in SeAH Steel Holdings and 17,95% stake in Seah Holdings|SeAH Holdings, the group's investment entity headed by his cousin.[7][8] This management system is also known as "Cousin Management".[9]

In the present, Lee is actively diversifying the company activities by investing in the renewable energy market to respond to the protectionism spreading in the steel sector. After creating the UK-based subsidiary SeAH Wind, he started negotiations with the British government to construct the world's biggest offshore wind power facility.[5][10][11]

On January 2022, Lee was promoted to President and CEO of SeAH Steel Holdings.[12]

Positions

Title Company Since
President, CEO SeAH Steel Holdings 2022[1][12]
COO, Senior Executive Vice President SeAH Steel Holdings 2019
Senior Executive Vice President, Board Member SeAH Steel 2018[1]
Executive Vice President SeAH Steel 2014-2017
Executive Vice President,

Head of Strategic Planning Division

SeAH Besteel 2011-2013
General Manager, Strategy Team SeAH Holdings in 2008

References

  1. 1.0 1.1 1.2 "Joo-Sung Lee, Seah Steel Holdings: Profile and Biography". Bloomberg.com. Retrieved 2021-09-14.
  2. "Lee Joo-sung Named President & CEO of SeAH Steel Holdings". www.bloomberg.com. Retrieved 2022-02-24.
  3. 3.0 3.1 "Nepotism remains prevalent at Korean chaebols". english.hani.co.kr. Retrieved 2021-09-14.
  4. NEWSIS (2021-10-20). "'세아 3세' 이태성·이주성 부사장, 실적 훈풍 타고 사장 승진할까". newsis (in 한국어). Retrieved 2021-11-05.
  5. 5.0 5.1 "코로나19에도 빛난 세아제강지주 이주성 부사장의 '리더쉽'". 철강금속신문 (in 한국어). 2021-01-28. Retrieved 2021-11-12.
  6. "SeAH Steel to split into holding and operating units by Sept. 1 - Pulse by Maeil Business News Korea". m.pulsenews.co.kr. Retrieved 2021-09-14.
  7. 김정훈 (2021-06-17). "[재벌家 후계자들⑩]'세아 3세' 이주성·이태성, 계열분리 가능성". 뉴스웨이 (in 한국어). Retrieved 2021-09-28.
  8. "이주성 세아제강지주 부사장, 이사회 합류...대표이사 오를까". 더벨뉴스 (in 한국어). Retrieved 2021-11-05.
  9. "세아그룹 이주성·이태성 투톱 체제로… '사촌경영' 계속". 뉴데일리 (in 한국어). 2021-03-25. Retrieved 2021-11-12.
  10. "비즈니스포스트 : 세아제강 해상풍력발전 구조물에 투자, 이주성 수출장벽 넘기 길 찾아". 비즈니스포스트 (in 한국어). Retrieved 2021-11-08.
  11. "SeAH Steel Holdings to enter the British 'monopile' offshore wind power market". Korea IT Times. 2020-08-24. Retrieved 2021-09-14.
  12. 12.0 12.1 "Lee Joo-sung Named President & CEO of SeAH Steel Holdings". Wall Street Journal. 2022-02-15. ISSN 0099-9660. Retrieved 2022-02-24.

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