Dollar Holds Steady as Yen Nears Critical 160 Level Amid Iran War Escalation 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
Asian Markets Rally on Iran Ceasefire Hopes as US-Iran Tensions Simmer 
Nike Beats Q3 Estimates but China Weakness and Margin Pressure Weigh on Outlook 
Goldman Sachs Cuts 2026 Copper Price Forecast Amid Global Growth Concerns 
European Stocks Hold Steady as Iran Ceasefire Deadline Looms 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
SpaceX IPO: Retail Investors to Play Historic Role in Record-Breaking Public Offering 
UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire 
Strait of Hormuz Disruption Sparks Global Oil Supply Fears 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Global Markets Waver as U.S.-Iran War Deadline Looms and Oil Prices Surge 
Deere & Company Agrees to $99 Million Settlement Over Right-to-Repair Dispute 
Oil Crisis Escalates: Trump Threatens Iran as Strait of Hormuz Closure Pushes Prices Above $110 
OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO 
Samsung Electronics announced the appointment of its very first female president, as its chairman Lee Jae Yong is, strongly intending to break the glass ceiling in the organization. The new female president was revealed during the annual executive reshuffle.
Samsung Electronics said on Monday, Dec. 5, that it has promoted Lee Young Hee to the president role at the company’s global marketing office of the device eXperience (DX) division, where she was previously serving as its vice president. She will now lead the group that oversees the company’s mobile device and home appliance businesses.
As per The Korea Times, Lee has also become the first female president who is not related to Samsung Group's founder, Lee Byung Chul. Prior to her assignment, Lee Boo Jin, the president and chief executive officer of Hotel Shilla, was the only female president in the company, but she is the younger sister of the current Samsung Group chairman.
"As a marketing expert who came from L'Oreal in 2007, the new president succeeded in Galaxy smartphone marketing and contributed to enhancing Samsung Electronics' brand value," Samsung Electronics said in a statement for Lee’s appointment. "By promoting a well-performing female vice president to president, we have been able to show our growth vision to talented women."
Korea Joongang Daily reported that Lee joined and began working at the company in 2007. She has led the marketing efforts for Samsung’s Galaxy smartphones. She is 58 years old and finished her college degree majoring in English literature from Yonsei University. She also took up and earned her master’s degree in marketing from Northwestern University.
Prior to joining Samsung, she worked for Unilever Korea before moving to L'Oreal Korea. Lee Young Hee’s promotion is effective immediately, which means she starts work in her new role this week.
Meanwhile, Kim Woo Jun was also promoted from vice president to president of the DX unit’s networks business. Lastly, Nam Seok Woo is now the president and chief security officer at Samsung’s device division’s global manufacturing & infra technology that manages the semiconductor business.
Photo by: Rubaitul Azad/Unsplash
