Nepedia
Back to Discover
Advanced Reader
📖

Lee Myung-bak

society Maturity 11-13 politics Next article →

This article covers sensitive topics: politics. Parents can manage visibility in Parental Controls.

Lee Myung-bak, often called MB, was a prominent South Korean politician and business leader. He served as the tenth president of South Korea from 2008 to 2013.

Lee Myung-bak.2007
Lee Myung-bak.2007

Before entering the political arena, Lee built a massive career in the private sector. He was the chief executive officer (CEO) of Hyundai Engineering and Construction. A CEO is the highest-ranking person in a company. This background in business heavily influenced his style of leadership. His approach to government was often described as being like a business executive.

Lee Myung-bak's Portrait (2025)
Lee Myung-bak's Portrait (2025)

Lee's early life was marked by significant hardship and change. He was born on December 19, 1941, in Osaka, Japan. At that time, Japan held control over the Korean Peninsula. After World War II ended in 1945, his family returned to Pohang, Korea. This move was difficult because their ship was wrecked near Tsushima island. They lost all their belongings and survived with very little. During the Korean War, Lee experienced profound personal loss. He witnessed the deaths of his older sister and a younger brother during the bombardment of Pohang.

Grand Order of Mugunghwa (South Korea) - ribbon bar
Grand Order of Mugunghwa (South Korea) - ribbon bar

Despite these challenges, Lee pursued an education through hard work. He attended night school at Dongji Commercial High School in Pohang. He eventually earned a scholarship to Korea University. While in college, he became very active in student politics. In 1964, he was elected president of the student council. That same year, he participated in demonstrations against the Seoul-Tokyo Talks. These talks involved Japanese restitution for the colonization of Korea. Because of his involvement, Lee faced legal trouble and was sentenced to three years of imprisonment. He served a short time in Seodaemun Prison in Seoul.

Lee's business career began in 1965 at Hyundai Construction. This company was working on a $5.2 million contract in Thailand. This was Korea's first major overseas construction project. Lee was sent to Thailand to help complete the Pattani-Narathiwat Highway. He was successful and returned to Korea to manage heavy machinery. Over thirty years at the Hyundai Group, Lee earned the nickname "Raging Bulldozer." This nickname came from his intense and fast-moving work style. He became a company director at age 29. He also became the youngest CEO in South Korean history at age 35.

Seoul Cheonggyecheon night
Seoul Cheonggyecheon night

When he left the company after 27 years, it had grown from 90 employees to more than 160,000.

In 1992, Lee transitioned from the business world to politics. He was elected to the 14th Korean National Assembly. He later served as the mayor of Seoul from 2002 to 2006. As mayor, he led several major urban renewal projects. He restored the Cheonggyecheon stream and created Seoul Forest. He also added rapid transit buses to the city's system.

Seoul Cheonggyecheon night
Seoul Cheonggyecheon night

These projects helped transform the city's environment and transportation. Many people in Seoul still view his time as mayor very positively.

Lee won the presidency in 2007 and implemented the "747 Plan." This plan had three specific economic goals. He aimed for 7% annual growth in gross domestic product (GDP). He also wanted a per capita income of $40,000. Finally, he sought to make Korea the seventh largest economy in the world.

His foreign policy was known as the "MB Doctrine." This strategy focused on engaging North Korea through economic investment. He also worked to strengthen the alliance with the United States. During his presidency, South Korea gained more global influence. A major example was hosting the 2010 G-20 Seoul summit.

Barack Obama and Lee Myung-bak
Barack Obama and Lee Myung-bak

After his presidency ended in 2013, Lee faced serious legal challenges. In 2018, he was arrested on several charges. Prosecutors accused him of bribery and tax evasion. They alleged he received 11 billion won in bribes. They also accused him of using 35 billion won for an illicit slush fund. A slush fund is a pool of money used for unauthorized purposes. Lee denied these charges in a handwritten statement on Facebook. He was convicted in October 2018 and sentenced to 15 years in prison. A higher court later increased this to 17 years.

Lee Myung-bak.2007
Lee Myung-bak.2007

Lee's legal journey concluded with a presidential decision. On December 27, 2022, President Yoon Suk-yeol granted Lee a special pardon. This pardon canceled the remaining 15 years of his prison sentence. This event followed the arrest of a previous president, Park Geun-hye. The lives and careers of South Korea's leaders often involve complex legal and political struggles. Lee's story connects the worlds of high-stakes business and national leadership. It shows how personal history can shape a leader's drive and policy.

759 words

Where will your curiosity go next?

Keep exploring at your chosen reading level.

🖼️ Images & Media (19)
File:Seoul Cheonggyecheon night.jpg
Seoul Cheonggyecheon night.jpg
File:Lee Myung-bak.2007.jpg
Lee Myung-bak.2007.jpg
File:Southkorean president lee.JPG
Southkorean president lee.JPG
File:President Lee Myung-bak gives New Year's address, 2009.jpg
President Lee Myung-bak gives New Year's...
File:Sebastián_Piñera_-_Lee_Myung-bak_(cropped).jpg
Sebastián_Piñera_-_Lee_Myung-bak_(cropped).jpg
File:Bushes greet South Korean President Lee Myung-bak.jpg
Bushes greet South Korean President Lee...
File:Barack Obama and Lee Myung-bak.jpg
Barack Obama and Lee Myung-bak.jpg
File:President Lee Myung-bak’s 2009 U.S. trip (4345570516).jpg
President Lee Myung-bak’s 2009 U.S. trip...
File:President Lee Myung-bak and Japanese Prime Minister Yukio Hatoyama held a summit meeting at Cheong Wa Dae on Oct. 9, 2009 (4347069193).jpg
President Lee Myung-bak and Japanese...
File:KOCIS Korea-China summite meeting (4762397015).jpg
KOCIS Korea-China summite meeting (4762397015).jpg
File:Lee Myung-bak's Portrait (2025).png
Lee Myung-bak's Portrait (2025).png
File:Grand Order of Mugunghwa (South Korea) - ribbon bar.svg
Grand Order of Mugunghwa (South Korea) -...

+ 7 more

More to explore

🔬 Go deeper

More advanced topics to explore

🪜 Step back

Simpler topics to build understanding

What is Nepedia?

A free, ad-free encyclopedia for children. Every article is written at five reading levels, so the same page works for a five-year-old and a fifteen-year-old — use the level switcher above to see this one change. No account needed to read.