INSIDER
Samsung officially names third-generation heir Lee chairman
Read full article: Samsung officially names third-generation heir Lee chairmanSamsung Electronics has officially appointed third-generation heir Lee Jae-yong as executive chairman, two months after he secured a pardon of his conviction for bribing a former president in a corruption scandal that toppled a previous South Korean government.
Samsung thrives as Seoul mulls pardon of corporate heir
Read full article: Samsung thrives as Seoul mulls pardon of corporate heirPressure is mounting on South Korean President Moon Jae-in to pardon Samsung heir Lee Jae-yong now that he has spent nearly four months in prison after his conviction in a massive corruption scandal.
Lee Kun-Hee, force behind Samsungโs rise, dies at 78
Read full article: Lee Kun-Hee, force behind Samsungโs rise, dies at 78Lee died with his family members by his side, including his only son and Samsung Vice Chairman Lee Jae-yong, the company said in a statement. Lee Kun-Hee was convicted in 2008 for illegal share dealings, tax evasion and bribery designed to pass his wealth and corporate control to his three children. Lee Kun-Hee was a stern, terse leader who focused on big-picture strategies, leaving details and daily management to executives. Lee Kun-Hee resigned as chairman of Samsung Electronics before the 2008 conviction. โAs South Koreaโs most successful entrepreneur, (Lee Kun-Hee) received a dazzling spotlight, but he had many vicissitudes full of grace and disgrace,โ the ruling Democratic Party said in a statement.
Samsung's Lee indicted over controversial 2015 merger
Read full article: Samsung's Lee indicted over controversial 2015 mergerThe charges against Lee and the other Samsung officials include stock price manipulation, breach of trust, and auditing violations related to the 2015 merger between Samsung C&T Corp. and Cheil Industries, said Lee Bok-hyun, a senior official from the Seoul Central District Prosecutors Office. It went ahead despite opposition from some shareholders who said the deal unfairly benefited the Lee family. Lee was freed in February 2018 after the Seoul High Court reduced his term to 2 years and suspended his sentence, overturning key convictions. However, months later the Supreme Court sent the case back to the High Court, saying that the amount of bribes Lee was judged to have offered was undervalued. Some legal experts say Lee could be sentenced to another term in jail if convicted again.