Lee Myung-Hee was bornon 5 September 1943 in Seoul, South Korea, South Korea, is Shinsegae. Lee Myung-Hee is #1291 in List Billionaires People In The World. Chairwoman of Shinsegae Group, Lee Myung-Hee is the youngest daughter of late founder of Samsung Group, Lee Byung-Chull, and the sister of Samsung Chairman Lee Kun-Hee. Samsung owned Shinsegae until the two separated in 1991. The group, which began in 1955 with the Donghwa department store, has diversified into fashion, hospitality (Chosun hotels in partnership with Westin), food and beverage and other sectors. Spun off as a public company in 1996, Shinsegae International imports and distributes around 30 premium brands, including Armani, Dolce & Gabbana and Givenchy. It also manufactures and distributes its own fashion labels (VOV, G-Cut and Tomboy) and markets household and consumer goods under the brand name Jaju as well as the Vidi Vici cosmetics line. The majority of her wealth comes from E-Mart, which the chaebol took public in 2011 and is now the country's biggest discount-store chain.
5 billion she is one of the wealthiest people in South Korea and was ranked 20th on Forbes 2017 list of 50 Richest Koreans
Then in 2015 she was fined 70 billion won for hiding 380,000 company shares worth 80 billion won ($68 million) under different names
In 2012 by the Fair Trade Commission fined Lee 4 billion won ($3
The first was in 2006 for 350 billion won ($300 million) after she hid 800 billion wons worth of stock under different names
Lee became the company's chairwoman in 1997 following its separation from Samsung and is credited for growing it into the country’s second-largest retailer
After ten years of being a homemaker she became a sales executive at Shinsegae Department Store in 1979 and then its Chairwoman in 1997 after the company was separated from Samsung
Lee Myung-Hee (Hangul: 이명희; born September 5, 1943) is a South Korean business magnate and the chairwoman of the Shinsegae Group