Korean Entrepreneurs, Biography, Lee Myung-hee, Shinsegae, Born in 1941

Lee Myung-hee (born 1941) is a Korean entrepreneur, best known as the founder and chairwoman of Shinsegae, one of South Korea's largest department store chains.

She is the widow of Chung Ju-yung, founder of the Hyundai Group, one of South Korea's largest chaebols and conglomerates.

Lee is the second richest person in South Korea and the 38th richest person in the world, with a net worth of US$7 billion.

She founded Shinsegae in the late 1960s, and soon after, opened the first Shinsegae department store in Seoul.

Since then, Shinsegae has grown to include multiple department stores and retail outlets throughout South Korea.

In 1997, Shinsegae opened the world's largest department store in Seoul, which is still in operation today.

Lee is known for her philanthropic work, and in 2019 she was named a special envoy for the UN's Sustainable Development Goals.

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