Overview
Lee Myung-bak (born December 19, 1941) is a South Korean politician and businessman who served as the 17th President of South Korea from 2008 to 2013. Known as the "CEO President," he rose from Hyundai Construction worker to CEO before entering politics and becoming Mayor of Seoul. He was later convicted of embezzlement and bribery.
Basic Information
| Name | Lee Myung-bak (이명박) |
|---|---|
| Date of Birth | December 19, 1941 |
| Birthplace | Osaka, Japan |
| Education | Korea University, Business Administration |
| Party | Grand National Party (now People Power Party) |
| Term | February 25, 2008 – February 24, 2013 |
Business Career at Hyundai
After graduating from Korea University in 1965, Lee joined Hyundai Construction as an entry-level employee. He rose rapidly through the ranks and became CEO in just 12 years in 1977, earning the nickname "Salaryman Myth."
- 1977-1988: CEO of Hyundai Construction
- 1988-1992: Chairman of Hyundai Construction
Political Career
Mayor of Seoul
Elected as the 32nd Mayor of Seoul in 2002, serving until 2006. His major achievements included the Cheonggyecheon Stream Restoration Project and the Seoul public transportation reform.
Presidential Election
In 2007, Lee won the presidential election with 48.7% of the vote, defeating Chung Dong-young (26.1%) by the largest margin in South Korean democratic history.
Presidency
He promoted the "747 Pledge" (7% growth, $40,000 per capita income, 7th largest economy), though these goals were not achieved due to the 2008 global financial crisis. Major projects included the Four Rivers Project.
Post-Presidency
He was convicted of embezzlement and bribery in 2020 and sentenced to 17 years in prison. He was pardoned by President Yoon Suk-yeol in December 2022.