Summary
Lee Jae-hwan, the former vice chairman of CJ Group, was born in 1962 as the second son among two brothers and one sister to the late Honorary Chairman of CJ Group, Lee Maeng-hee, and is the younger brother of Miky Lee, the vice chairwoman of CJ Group, and Lee Jay-hyun, the chairman of CJ Group.
Lee Jae-hwan served as the CEO of the advertising agency Jaesan Communications starting in 2007. In 2016, Jaesan Communications was absorbed through a merger with CJ Powercast, a subsidiary of CJ OliveNetworks. Initially working as an in-house director at CJ Powercast, Lee returned to the CEO position in 2017. He resigned as vice chairman of CJ and CEO of CJ Powercast in September 2021. In November 2019, Lee Jae-hwan founded Jaesan Holdings, a personal investment company with an initial capital of 1.5 billion won. He currently owns 100% of the shares in Jaesan Holdings, serving as its chairman.
Lee Jae-hwan, who attended Paichai High School and graduated from the Department of Political Science at National Taiwan University, spent his youth abroad. It contrasts with his brother, Lee Jay-hyun, chairman of CJ Group, a domestic product, having graduated from Kyungbock High School and the Department of Law at Korea University.
In the early 2000s, Lee Jae-hwan was involved in management by serving as the head of the CJ CheilJedang Japan branch and as the executive responsible for China in CJ Group’s Management Planning Office. He founded Jaesan Communications, an outdoor advertising company, in 2005. The company rapidly grew by securing advertising contracts, mainly with CJ Group affiliates. Lee Jae-hwan re-entered CJ Group when Jaesan Communications was merged into CJ OliveNetworks.
