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MARKETS LIVE BLOG:

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Samsung shareholders OK board seat for Samsung Group scion

Reuters
FILE PHOTO: Jay Y. Lee, Samsung Electronics' vice chairman and the only son of Samsung Electronics chairman Lee Kun-hee at the company's headquarters in Seoul, South Korea, June 23, 2015. REUTERS/Kim Hong-Ji/File photo

SEOUL (Reuters) - Samsung Electronics Co Ltd shareholders voted on Thursday to make Vice Chairman Jay Y. Lee a board director, a move seen as further cementing the 48-year-old's role as the leader of Samsung Group.

The seat gives the scion of the founding Lee family an official leadership position at Samsung Group's flagship company and allows him to publicly weigh in on strategic decisions.

(Reporting by Joyce Lee, writing by Se Young Lee; Editing by Stephen Coates)