#3242
Lee Ho-jin
Korea 63 years old
Overview
- Source of Wealth
- Diversified
- Industry
- Diversified
- Residence
- Seoul
- Organization
- Taekwang Industrial
- Education
- Samuel Curtis Johnson Graduate School of Management (Master of Business Administration)Seoul National University (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 2
Assets
- Daehan Synthetic Fiber Co. Ltd.266,000 shares @ --003830-KR
- Taekwang Industrial328,000 shares @ --003240-KR
Biography
Lee Ho-jin is a former chairman of Taekwang Industrial, a manufacturer that became synonymous with Korea's textile and petrochemical prowess.
He rose to chairman after his oldest brother, Lee Sik-jin, died. He has now stepped down and is reportedly struggling against liver cancer.
In 2011, he was sentenced to 54 months in prison for embezzling $128 million from the company but has been out on bail due to his illness.
In 2019, Lee was sentenced to three years in prison on charges of embezzlement and breach of trust. He was pardoned in 2023.
About
Lee is credited for diversifying the group into media and entertainment.
His mother sold clothes in a Busan market and provided the seed money to start Taekwang, which began as a textile company.