Age, Biography and Wiki

Lee Myung-bak was born on 19 December, 1941 in Osaka, Empire of Japan, is a President. Discover Lee Myung-bak's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 82 years old?

Popular As N/A
Occupation N/A
Age 82 years old
Zodiac Sign Sagittarius
Born 19 December 1941
Birthday 19 December
Birthplace Osaka, Japan
Nationality Japan

We recommend you to check the complete list of Famous People born on 19 December. He is a member of famous President with the age 82 years old group.

Lee Myung-bak Height, Weight & Measurements

At 82 years old, Lee Myung-bak height not available right now. We will update Lee Myung-bak's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
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Who Is Lee Myung-bak's Wife?

His wife is Kim Yoon-ok (m. 1970)

Family
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Wife Kim Yoon-ok (m. 1970)
Sibling Not Available
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Lee Myung-bak Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Lee Myung-bak worth at the age of 82 years old? Lee Myung-bak’s income source is mostly from being a successful President. He is from Japan. We have estimated Lee Myung-bak's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
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Source of Income President

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Timeline

2020

Lee wanted to move to low-carbon growth in coming decades. The government hoped to be a bridge between rich and poor countries in fighting global warming by setting itself goals for reductions in greenhouse gas emissions to be achieved by 2020. In connection with the recent financial shock from the United States, President Lee emphasized the importance of solid cooperation between political and business circles. He proposed a tripartite meeting among the finance ministers of South Korea, Japan, and China aimed at coordinating policies to cope with the credit crisis.

On 29 October 2020, the Supreme Court upheld a 17-year sentence for Lee Myung-bak for bribery and embezzlement, the 13 billion won ($11.4 million) fine and the additional forfeiture of 5.78 billion won ($5 million). On 27 December 2022, incumbent President Yoon Suk-yeol granted Lee a special pardon.

2018

On 22 March 2018, Lee was arrested on charges of bribery, embezzlement, and tax evasion alleged to have occurred during his presidency. Prosecutors accused Lee of receiving bribes totaling 11 billion won and channeling assets of 35 billion won to an illicit slush fund. Shortly before his arrest, Lee posted a handwritten statement on Facebook denying the charges. Lee's arrest occurred roughly a year after the arrest of former president Park Geun-Hye, who was arrested on charges stemming from the 2016 South Korean political scandal. Lee was convicted on 5 October 2018 and sentenced to 15 years in prison. On 29 October 2020, the Korean Supreme Court upheld a 17-year sentence against Lee given to him by an appellate court. On 27 December 2022, President Yoon Suk-yeol granted Lee a special pardon, cancelling the remaining 15 years of jail.

Lee Myung-bak was alleged to have been involved in an illegal company named BBK, which brought controversy to South Korea during the election season. BBK co-founders were investigated for large-scale embezzlement and stock price-fixing schemes. They had initially stated that Lee was not involved with the company, and Lee himself denied being associated with BBK. They attempted to implicate Lee in criminal involvement, which was not supported by evidence. He never admitted any wrongdoings, but the Korean press, controlled by Lee, made false report that he did. Lee was declared innocent of all charges by the Supreme Court of Korea. However, that was because the Korean prosecutors manipulated the case. In 2018, Lee was arrested and his involvement in BBK and DAS was confirmed by the same prosecutor's office. According to WikiLeaks, Yoo Chong-ha (유종하), the former co-chairman of Lee's presidential election campaign, requested then American ambassador to South Korea, Alexander Vershbow, to delay the extraction of the main individual of the BBK embezzlement scandal to Korea to prevent spreading controversies related to Lee's involvement in the BBK embezzlement scandal during the election season.

Lee was detained on 22 March 2018 on charges of receiving 11 billion Korean won (~US$10 million) worth of bribes and slush funds worth 35 billion Korean won (~US$33 million).

On 5 October 2018, Lee Myung-bak was convicted of bribery, embezzlement and abuse of power and sentenced to 15 years' imprisonment. He was also ordered to pay a 13 billion won ($11.5m; £8.8m) fine. The corruption case badly tainted his status as the country's first leader with a business background who once symbolized the country's economic rise. Lee's conviction came six months after his successor and fellow conservative Park Geun-hye was convicted in a separate corruption scandal that triggered the country's biggest political turmoil in decades. Park is no longer serving a 25-year prison sentence. The back-to-back scandals badly wounded conservatives in South Korea and deepened a national divide. The Seoul Central District Court convicted Lee of embezzling 24.6 billion won ($21.7 million) from a company he owned; taking bribes from Samsung, one of his spy chiefs and a former lawmaker; causing a loss to state coffer; and committing other crimes. The court fined Lee 13 billion won ($11.5 million). It said Lee committed those crimes before and during his presidency, from 2008 to 2013.

2013

Lee altered the South Korean government's approach to North Korea, preferring a more hardline strategy in the wake of increased provocation from the North, though he was supportive of regional dialogue with Russia, China and Japan. Under Lee, South Korea increased its visibility and influence in the global scene, resulting in the hosting of the 2010 G-20 Seoul summit. However, significant controversy remains in Korea regarding high-profile government initiatives which have caused some factions to engage in civil opposition and protest against the incumbent government and President Lee's Saenuri Party (formerly the Grand National Party). The reformist faction within the Saenuri Party was at odds against Lee. He ended his five-year term on 24 February 2013, and was succeeded by Park Geun-hye.

Although, former president Lee claimed that the Four Major Rivers Restoration Project was Eco-friendly, its results face severe criticism from environmental experts both inside and outside of the government. It is well described in the report in Hankyoreh, August 2013. The algae known to kill eco system of a river proliferated during summer season for many years and experts suspect it is because of weirs that slow or stop water flow. Furthermore, water quality near the Nakdong river deteriorated significantly after weirs were installed. The government already spent more than 3 trillion Korean won to keep the water potable as of August 2013.

2012

His direct and tough policy towards North Korea promoted a negative image of him throughout North Korea. Lee's name became a target practice in the North Korean military as shown through the Korean Central Television on 6 March 2012. In March 2010, Lee's presidency ended the Sunshine Policy, originally planned by Kim Dae-jung to improve relations with the North.

On 5 May 2012, the Pyongyang Times newspaper published stories and pictures of Democratic People's Republic of Korea (DPRK, North Korea) workers threatening to "wipe out" the Lee clan. The workers were upset at Lee for "having defiled the DPRK's supreme dignity when all the fellow countrymen were celebrating the centenary of the birth of President Kim Il-sung."

Towards the end of his term in office, Lee began to take actions that caused friction between South Korea and neighboring Japan. On 10 August 2012, Lee flew to the Liancourt Rocks, known as Dokdo or Tokto (독도, literally "solitary island") in Korean, or Takeshima (たけしま/竹島, literally "bamboo island") in Japanese. He was the first Korean president to do so. Japan temporarily withdrew its ambassador to South Korea Masatoshi Muto, and Minister for Foreign Affairs Kōichirō Gemba summoned the South Korean ambassador to file a complaint and threatened to lodge a case with the International Court of Justice, (ICJ) which was rejected by South Korea. It could do so because both countries party to a dispute must agree to such ICJ cases. It was the first time for Japan to make such a move in 47 years, since Japan and South Korea officially re-established relations in 1965. Japan previously proposed bringing the issue to the ICJ in 1954 and 1964.

In a speech on 13 August 2012, Lee said that his actions were motivated by a desire to force Japan to settle the comfort women issue.

On 14 August 2012, on the eve of Liberation Day, Lee said that the Emperor of Japan Akihito should not visit Korea unless he apologized to the victims of Japan's past colonialism. He made the statement while speaking at a meeting of education officials. There were no specific plans for such a visit to take place, and Lee had previously been supportive to such a visit. Japanese Prime Minister Yoshihiko Noda and Minister for Foreign Affairs Koichiro Gemba both described the statement as "regrettable". A government official speaking to the Asahi Simbun said: "It has made it impossible for a Japanese emperor to visit South Korea for the next 100 years".

In his Liberation Day speech on 15 August 2012, Lee demanded that Japan take "responsible measures" for the comfort women, blaming Japan for violating women's human rights.

2011

He is married to Kim Yoon-ok and has three daughters and one son. His older brother, Lee Sang-deuk, is a South Korean politician. He is a Christian attending Somang Presbyterian Church. Lee is a graduate of Korea University and received an honorary degree from Paris Diderot University in 2011.

Former president Kim Young-sam expressed negative outlooks on Lee's role as the president and his influence between South Korea and Japan according to a WikiLeaks file. As of late 2011, Lee's administration had a series of corruption allegations surrounding certain high-ranking government employees.

Around early 2011, Mbnomics gained a negative reputation due to tax reduction plans for the rich, the failure to privatize or merge national banks, and failure to provide affordable housing. The middle-aged and senior Korean population usually supported Lee Myung-bak. However, businesspeople in their 50s–60s in the construction and real estate sectors withdrew their support of Lee after the 2010 regional election and 2012 presidential election.

On 7 September 2011, the Blue House officially scrapped plans for a rich tax deduction, marking the foundational end of Mbnomics.

The Four Major Rivers Restoration Project was a multi-purpose green growth project on the Han River (Korea), Nakdong River, Geum River and Yeongsan River in South Korea. The project was spearheaded by South Korean President Lee Myung-bak and was declared complete on 21 October 2011. The restoration project's aims were to provide or improve water security, improve flood control, and restore ecosystem vitality. It was first announced as part of the "Green New Deal" policy launched in January 2009, and was later included in the government's five-year national plan in July 2009. The government estimated its full investment and funding totaled 22.2 trillion won (approximately US$17.3 billion).

On 4 July 2011, during a mass rally in Pyongyang, Lee and his government were strongly criticized as traitors by spokesmen for the Korean People's Army and other elements of North Korean society. The Korean People's Army called for dealing "merciless deadly blows at the enemies till they are wiped out to the last man."

Under the Lee administration, South Korea successfully concluded a free trade agreement with the European Union on 1 July 2011.

2010

Lee's approval ratings reflected public perception of Korea's economic situation in the wake of the global economic meltdown. Signs of a strengthening economy and a landmark $40 billion deal won by a Korean consortium to build nuclear power plants in the United Arab Emirates boosted Lee's popularity. His approval rating in January 2010 stood at 51.6%.

The Lee government planned to use a pool of young Korean Americans for the promotion of after-school English education in public schools in rural areas, with the aim to improve the quality of education. Prior to assuming the presidency, Lee's transition team announced it would implement a nationwide English-immersion program to provide students with the language tools necessary to be successful in a highly globalized world. Under this program, all classes would have been taught in English by 2010. However, Lee abandoned the program after facing strong opposition from parents, teachers, and education specialists. He then attempted to implement a program where all English courses in middle and secondary schools would be taught in English only, which would require the government to educate many teachers in Korea and recruit university students studying abroad in English-speaking countries.

As a result of his efforts, the decision to hold the G-20 Summit in Seoul in November 2010 was passed unanimously at the 2009 Pittsburgh summit. In a historic first, South Korea became the first non-G8 country to take the chairmanship of the forum, and in Toronto, President Lee rallied support for his proposal on creating global financial safety nets and addressing development issues. At the G-20 Summit in Seoul, this led directly to the unanimous endorsement of the Seoul Development Consensus.

President Lee also held bilateral summits with the leaders of the United States, Japan, and People's Republic of China to discuss North Korean affairs. In the wake of the ROKS Cheonan sinking, a joint declaration was issued by the G-8 leaders condemning the North. President Lee succeeded in bringing the Cheonan incident to the forefront in the Chair's Statement for the Asia-Europe Meeting in 2010 at Brussels, drawing member nation support for the South Korean government's stance on North Korea's nuclear issue and stability in Northeast Asia. In addition, President Lee urged Japanese Prime Minister Kan Naoto to put his words on 15 August, Korea's Liberation Day into action. Regular reunions of the families separated by the Korean War drew attention as an international issue after being included in the Chair's Statement.

2009

Multiple news outlets have remarked upon the apparently close friendship between Lee and U.S. President Barack Obama. Despite Lee's wavering support at home, Lee's leadership was lauded by Obama at the 2009 G-20 London summit, where Obama called South Korea "[one of America's] closest allies and greatest friends." Obama and Lee agreed on a need "for a stern, united response from the international community" in light of North Korea's efforts toward a threatened satellite launch. Lee accepted an invitation by Obama to visit the United States on 16 June 2009. President Obama hosted Lee for a day-long state visit and state dinner on 13 October 2011.

President Lee embraced an aggressive approach to foreign policy, driving initiatives such as Green Korea and Global Korea. President Lee conducted frequent state visits to other countries and extended invitations to foreign counterparts to visit Korea from the time he took office. In 2009 alone, Lee visited 14 countries, including the U.S. and Thailand on 11 occasions and attended 38 summits.

Under his administration, South Korea was admitted to the Development Assistance Committee (DAC). Representatives of the DAC member nations met at the Organisation for Economic Co-operation and Development (OECD) Secretariat in Paris, France, in November 2009, and voted unanimously to admit South Korea as the 24th member. The DAC members provide more than 90 percent of the world's aid for impoverished developing nations, and South Korea is the only member nation that has gone from being an aid beneficiary to a donor.

President Lee's diplomatic efforts led to an agreement between Korea Electric Power Corporation (KEPCO) and the UAE on the construction of a US$20 billion Korean standard nuclear power plant during his visit to the UAE at the end of 2009.

2008

In spite of the lowest voter turnout ever for a presidential election in South Korea, Lee won the presidential election in December 2007 with 48.7% of the vote which was considered a landslide. He finished with a nearly 2-to-1 margin over his nearest challenger, Chung Dong-young of the Grand Unified Democratic New Party. To date, it is the largest margin of victory since the resumption of direct presidential elections in 1987. He took the oath of office on 25 February 2008, vowing to revitalize the economy, strengthen relations with the United States and "deal with" North Korea. Specifically, Lee declared that he would pursue a campaign of "global diplomacy" and seek further cooperative exchanges with regional neighbors Japan, China, and Russia. He further pledged to strengthen South Korea–United States relations and implement a tougher policy with regard to North Korea, ideas that are promoted as the MB Doctrine.

Two months after his inauguration, Lee's approval ratings stood at 28%, and by June 2008 they had reached 17%. U.S. President George W. Bush and Lee also discussed the ratification of the South Korea–United States Free Trade Agreement or KORUS FTA, which faced opposition from legislators in both countries. While Lee's agreement during the summit to partially lift the ban on US beef imports was expected to remove the obstacles in approving the KORUS FTA in the US, many Koreans protested the resumption of U.S. beef imports.

If successful, Lee maintained that his plan, which would include dredging and other measures to improve Korea's waterways, would decrease water pollution, and bring economic benefits to local communities. Speaking in 2005 about the project, Lee said, "Many journalists questioned me why I keep commenting on the building of the canal. However, it's a simple fact that many cities around the world were benefited by making the best use of their rivers and seas." At a special conference held on 19 June 2008, President Lee announced that he would drop the Grand Canal project if the public opposed the idea, and the premier confirmed this statement on 8 September 2008. Despite this assurance, many now accuse Lee of continuing the canal plan under the guise of "maintenance of the 4 great rivers (4대강 정비사업)."

President Lee Myung-bak laid out an agenda for National Strategy for Green Growth and the Five-Year Plan for Green Growth in 2008. In February 2009, President Lee established the Presidential Committee on Green Growth, which absorbed the sustainable development commission and two other committees on energy and climate change under direct authority of the President. The Five-Year Plan for Green Growth laid out a 30 per cent reduction in greenhouse gas emissions by 2020 relative to a ‘business-as-usual’ baseline implying a 4 per cent cut from the 2005 level.

On 7 July 2008, Lee named Ahn Byong-man, a presidential advisor for state future planning, as his new minister of education, science and technology. Jang Tae-pyoung, a former secretary general of the Korea Independent Commission Against Corruption, became minister of food, agriculture, forestry and fisheries, and Grand National Party lawmaker Jeon Jae-hee minister of health, welfare and family affairs. In addition, Lee gave Prime Minister Han Seung-soo another chance in the belief that no proper working conditions had been provided for the cabinet due to many pending issues since the inauguration of the new administration.

Lee was widely considered to be pro-U.S. In mid-April 2008, Lee traveled to the United States for his first official overseas visit to meet with U.S. President George W. Bush at the White House and Camp David. Lee's more aggressive approach towards North Korea was described as a welcome change for Bush, who was often at odds with Roh Moo-hyun. For a decade, what some people criticized as the former government's controversial and endless handing out of massive aid to North Korea, in the name of the "National Coexistence, Independence," failed to effectuate change in the North. The former government neglected the discussion on the nuclear issue with the North during the summit twice, and struck a mass aid deal without any sort of social consensus and examination on the ways and means of the funding, which some say created an unnecessary burden to the Korean people.

On 18 April 2008, Lee's administration agreed on resumption of U.S. beef imports. Previously, Korea had banned U.S. beef after a cow infected with BSE that had originated from Canada was found in Washington state. Fears that US beef imports in South Korea, in relation to the U.S.-Korea Free Trade Agreement, would cause Mad Cow disease infected beef to be imported to South Korea came to a boil in the summer of 2008.

2007

On 10 May 2007, Lee officially declared his intention to seek the nomination of the Grand National Party (GNP) as its presidential candidate. On 20 August 2007, he defeated Park Geun-hye in the GNP's primary to become the party's nominee for the 2007 Presidential election. During the primary, Lee was accused of profiting from illegal speculation on land owned in Dogok-dong, an expensive neighborhood in Seoul. However, in August 2007, the prosecutors said in the interim announcement, "We do suspect Lee's brother's claim over the land in Dogok-dong, but have failed to verify the real owner of the asset." On 28 September 2007, the prosecutory authority officially dropped the suspicion that the Dogok land was under a borrowed name, announcing, "We have done all necessary investigations, including tracing the proceeds from the sale of the land and call history, and now got to the bottom of this case." In December 2007, a few days before the presidential election, Lee announced that he would donate all of his assets to society.

During the 2007 presidential election, questions about his relationship with a company called BBK were raised. In 1999, Lee was alleged to have met an American and established the LKE Bank with him. However, this enterprise went bankrupt less than a year later. The corrupt Korean prosecutors manipulated BBK case so that Lee was found not to be guilty. However, in 2018 Lee was arrested for charges related to BBK. Although, the prosecutor claimed in 2007 that Lee had nothing to do with DAS, a corporation that funded BBK, in 2018 the same prosecution office found that DAS is owned and controlled by Lee.

2002

In 2002, Lee ran for mayor of Seoul and won. As the Mayor of Seoul, Lee's most noteworthy projects included the restoration of the Cheonggyecheon stream, the creation of Seoul Forest, the opening of Seoul Forest Park, the construction of a grassy field in front of Seoul City Hall, and the addition of rapid transit buses to the city's transportation system. Lee worked to transform the area around Seoul City Hall from a concrete traffic circle to a lawn where people could gather. The 2002 FIFA World Cup showed how the area could be used as a homogeneous cultural space, which came to be known as Seoul Plaza. In May 2004, the tape was cut to open a newly built park in the area, a grassy field where Seoul residents could come to relax and take in cultural performances. A major accomplishment during his term as mayor of Seoul was the restoration of Cheonggyecheon, which now flows through the heart of Seoul and functions as a modern public recreation space for people of all ages.

1999

In 1999, Lee was a visiting scholar at the George Washington University, in Washington, DC.

1998

After he became a second-term lawmaker, his former secretary Kim Yoo-chan disclosed that Lee had spent excessively in his election campaign, often at the expense of taxpayers outside of his district. After receiving US$18,000 from Lee, Kim wrote a letter reversing his disclosure and fled to Tajikistan. Lee resigned in 1998 before being fined US$6.5 million for breaking election law and forcing Kim to flee. In the by-election held after his resignation, Roh Moo-hyun was elected as his successor.

1996

In 1996, Lee was reelected as a member of the Korean National Assembly, representing Jongno-gu in Seoul. At the election, one of his opponents was future president Roh Moo-hyun, who was ranked third place.

1992

In 1992, Lee made the transition from business to politics. He joined the Democratic Liberal Party instead of the Unification National Party, founded by Chung Ju-yung. He was elected as a member of the 14th Korean National Assembly (for Proportional representation). Upon his election, he stated that he ran for the office because "after watching Mikhail Gorbachev change the world, I wanted to see if I could do the same." In 1995, he ran for the city of Seoul's mayoral election, but viciously lost to former prime minister Chung Won-sik during the primary of the Democratic Liberal Party.

1988

Lee became a company director at the age of 29, five years after he joined the company. He later became the CEO at age 35, becoming Korea's youngest CEO in history. In 1988, he was named chairman of Hyundai Construction at the age of 47.

1965

In 1965, Lee started work at Hyundai Construction, the company which was awarded Korea's first-ever overseas construction project, a $5.2 million contract to build the Pattani-Narathiwat Highway in Thailand. Shortly after he was hired by the company, Lee was sent to Thailand to participate in the project, which was successfully completed in March 1968. Lee returned to Korea and was subsequently given charge of Hyundai's heavy machinery plant in Seoul.

When he began work at Hyundai in 1965, the company had 90 employees; when he left as chairman 27 years later, it had more than 160,000. Soon after the successful completion of the Pattani-Narathiwat Highway by Hyundai Construction, Korea's construction industry began to focus its efforts on encouraging the creation of new markets in countries such as Vietnam and the Middle East. Following the decline of construction demands from Vietnam in the 1960s, Hyundai Construction turned its focus toward the Middle East. The company continued to be a major player in construction projects with the successful completion of international projects including the Arab Shipbuilding & Repair Yard, the Diplomatic Hotel in Bahrain, and the Jubail Industrial Harbor Projects in Saudi Arabia, also known as "the great history of the 20th century". At that time, the amount of orders received by the Korean construction company exceeded US$10 billion, which contributed to overcoming the national crisis resulting from the oil shock.

1964

Lee attended night school at Dongji Commercial High School in Pohang and received a scholarship. A year after graduation, Lee gained admission to Korea University. In 1964, during his third year in college, Lee was elected president of the student council. That year, Lee participated in student demonstrations against President Park Chung-hee's Seoul-Tokyo Talks, taking issue with Japanese restitution for the colonization of the Korean Peninsula. He was charged with plotting insurrection and was sentenced to five years' probation and three years' imprisonment by the Supreme Court of Korea. He served a little under three months of his sentence at the Seodaemun Prison in Seoul.

1945

In 1945, after the end of World War II, his family returned to his father's hometown of Pohang, in Gyeongsangbuk-do, which was then an American-occupied portion of the Korean Peninsula. Lee's sister, Lee Ki-sun, believed that they smuggled themselves into the country to avoid having the officials confiscate the property they acquired in Japan. However, their ship was wrecked off the coast of Tsushima island. They lost all their belongings and barely survived. Lee personally witnessed the deaths of his older sister and a younger brother, who were killed in the bombardment of Pohang, during the Korean War.

1941

Lee Myung-bak (Korean: 이명박; /ˌmjʌŋ ˈbɑːk/; Korean: [i.mjʌŋ.bak̚]; born 19 December 1941) is a South Korean businessman and politician who served as the 10th president of South Korea from 2008 to 2013. Before his presidency, he was the CEO of Hyundai Engineering and Construction, and the mayor of Seoul from 2002 to 2006.

Lee Myung-bak was born 19 December 1941, in Osaka, Japan. His parents had emigrated to Japan in 1929, nineteen years after the Japanese annexation of Korea. Lee's father, Lee Chung-u (이충우; 李忠雨), was employed as a farm labourer in rural Japan, and his mother, Chae Taewon (채태원; 蔡太元), was a housewife. He was the fifth of seven children.