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Suspended Ruling Party Chief Again Cries Foul over Leadership Switch

Suspended Ruling Party Chief Again Cries Foul over Leadership Switch

SEOUL, Aug. 14 (Korea Bizwire) — The suspended chairman of the ruling People Power Party (PPP), Lee Jun-seok, again cried foul Saturday over a party leadership switch, which he claims is aimed at removing him from his position. The PPP’s move to switch to an emergency leadership system is “unfair” and “nonsense,” Lee told reporters [...]

Samsung’s Lee Expected to Solidify Leadership, Step Up Biz Activities After Receiving Pardon

Samsung’s Lee Expected to Solidify Leadership, Step Up Biz Activities After Receiving Pardon

SEOUL, Aug. 12 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong was given a presidential pardon on Friday, in a move widely expected to help him consolidate his leadership and speed up business decision-making in the country’s biggest conglomerate. The decision comes as the tech giant has been faced with intensifying global competition from [...]

Samsung Heir Lee Granted Special Presidential Pardon

Samsung Heir Lee Granted Special Presidential Pardon

SEOUL, Aug. 12 (Korea Bizwire) — President Yoon Suk-yeol granted his first special pardons to Samsung heir Lee Jae-yong, Lotte Group Chairman Shin Dong-bin and 1,691 others on the occasion of next week’s Liberation Day anniversary, the government said Friday. The government announced the pardons to be effective from Liberation Day on Monday. Former President [...]