Who Was the Late Son Bok-nam?…Mother and Confidante of Lee Jae-hyun, Chairman of CJ Group
Recognized as the Founding Figure of CJ Group
[Asia Economy Reporter Lim Chun-han] Son Bok-nam, an advisor to CJ Group and mother of CJ Group Chairman Lee Jae-hyun, passed away on the morning of the 5th due to an illness. She was 89 years old. She is recognized as a foundational figure of CJ Group and the person who completed the succession plan for Chairman Lee Jae-hyun.
She married the late Lee Maeng-hee, eldest son of Hoam Lee Byung-chul, the founder of Samsung Group, and had three children: Chairman Lee Jae-hyun, Vice Chairman Lee Mi-kyung, and Chairman Lee Jae-hwan of Jaesan Holdings. It is well known that the late founder Lee Byung-chul especially cherished Son, his eldest daughter-in-law. After Lee Byung-chul passed away in 1987, Son cared for her mother-in-law, Mrs. Park Du-eul, at the Jangchung-dong family home until Mrs. Park's passing in January 2000. During his lifetime, Lee Byung-chul bequeathed shares of Anguk Fire & Marine Insurance (now Samsung Fire & Marine Insurance) to her, and her younger brother Son Kyung-sik became Executive Director and CEO of CJ Group.
In 1993, when Samsung Group planned to separate Cheil Jedang as an affiliate, Son exchanged her shares in Anguk Fire & Marine Insurance for Samsung and Chairman Lee Kun-hee’s shares in Cheil Jedang. Through this, Son became the largest shareholder of Cheil Jedang. In 1996, Cheil Jedang Group was officially launched, and by transferring her shares to Chairman Lee Jae-hyun, the foundation for CJ Group’s management was established. Currently, CJ Group is led by Chairman Lee Jae-hyun, CJ Entertainment by Vice Chairman Lee Mi-kyung, and Jaesan Communications by Chairman Lee Jae-hwan.
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The funeral hall is set up at the CJ Human Resources Development Center in Pildong, Seoul. The site of the CJ Human Resources Development Center is where Chairman Lee lived with her during his childhood. The funeral will be a private family ceremony. Condolences from relatives and acquaintances will be accepted from 10 a.m. on the 6th. A CJ official stated, "Considering the social atmosphere, the family wishes to hold a modest and solemn funeral," adding, "This day also marks the 69th anniversary of the founding of CJ Group."
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