Samsung heir Jay Y Lee inherits key portion of patriarch’s stake

Stakes held by the late Samsung Electronics Chairman Lee Kun-hee in the tech giant and other key affiliates were divided among his son Jay Y. Lee, his two daughters and his wife, the companies said in regulatory filings on Friday.

This is the first time the information has been publicly disclosed since Lee, credited with turning Samsung into the world’s largest smartphone and memory chip maker, died last October.

The inheritance appears to have been carried out in a way to further cement Lee’s son and Samsung Electronics vice chairman Jay Y. Lee’s control over the conglomerate.

With the inheritance, Jay Y. Lee saw his stake in Samsung Life Insurance increase from 0.06% to 10.44%.