Jay Y. Lee, the only son of ailing Samsung Group chairman Lee Kun-hee, was elected chairman of the boards of two Samsung charitable foundations on Friday, marking what is likely another step in a succession process to install him as head of the sprawling South Korean conglomerate.
Mr. Lee, 46 years old, has been gradually stepping up his public role at Samsung in the one year since his father, who has led the company since 1987, was incapacitated by a heart attack. Read More »