The present study examined women leadership in companies from a phenomenological perspective, focusing on form and function of women leaders’ experiences based on organizational socialization and structure. To these ends, the present study utilized in-depth interview of women leaders in Korean large cap companies. First, during the procedure of organizational socialization in their organization, women leaders reported that they had not received credit for their performance and achievement due to gender stereotypes, which hindered their growth and promotions. These women leaders experienced difficulty to assume managerial positions because their leader role did not correspond to their gender role. They felt skepticism on their leadership without identity and exhibited androgynous leadership. Second, women leaders reported their feelings of low self-efficacy, powerlessness, and resentment because of the lack of core information, resources and support at work in which male-oriented informal network dominates such resources and decision making process covertly within their male only in-group network. Women leaders experienced the lack of professional development, training opportunities, work experiences, and stereotype-based organization management, attributing paucity of human resource development for women employees to organizational structure and its operational formal and informal systems. Taken together, the findings of the present study highlight multi-faceted experiences of women leaders in Korean large cap companies stemmed from organizational socialization and structure.