SEOUL, Mar. 22 (Korea Bizwire) — South Korea’s top business group Samsung on Thursday celebrated its 80th anniversary in a low key manner, with its chairman unable to run the company due to ill health and his heir facing public backlash over a major scandal. Industry sources said major affiliates of Samsung, including the Samsung [...]
SEOUL, Feb. 8 (Korea Bizwire) — Ailing Samsung Electronics Chairman Lee Kun-hee has been booked for suspected tax evasion by keeping about 400 billion won (US$367.8 million) in hundreds of different accounts created under borrowed names, police said Thursday. The special investigation unit of the National Police Agency said it referred Lee, South Korea’s richest [...]
SEOUL, Aug. 25 (Korea Bizwire) – The Office of Postal Service of Korea (Korea Post) announced that it will release two special postage stamps featuring Lee Byung-chul of Samsung and Chung Ju-young of Hyundai on August 26. Korea Post selected the two late founders of Korean conglomerates among 12 candidates after deliberation by a postage stamp issuance committee [...]