SEOUL, Jan. 18 (Korea Bizwire) — Samsung Group is once again facing turmoil as its de facto chief, Lee Jae-yong, was again imprisoned in a bribery case, sparking worries that uncertainties may further increase over business and investment plans by the global tech behemoth in the post-pandemic era. A Seoul court on Monday sentenced Samsung [...]
SEOUL, Jan. 18 (Korea Bizwire) – Samsung heir Lee Jae-yong was sentenced to 2 1/2 years in prison on Monday, in a retrial of a bribery case involving former President Park Geun-hye. He was put behind bars again less than three years after he was allowed to walk free. The Seoul High Court gave Lee, vice [...]
SEOUL, Jan. 17 (Korea Bizwire) — An appellate court will give a verdict on Monday for Samsung heir Lee Jae-yong in a retrial of a bribery case involving former President Park Geun-hye. Lee, vice chairman of Samsung Electronics Co., faces charges that he bribed Park and her longtime friend, Choi Soon-sil, to win government support [...]
SEOUL, Nov. 2 (Korea Bizwire) — Lee Jae-yong, vice chairman of global tech giant Samsung Electronics Co., is expected to emerge as South Korea’s richest stockholder following his father’s death, a market tracker said Monday. Lee Kun-hee, Samsung Electronics chairman and chief of South Korea’s top conglomerate Samsung Group, died on Oct. 25 at age [...]
SEOUL, Oct. 28 (Korea Bizwire) — Samsung Group, South Korea’s top conglomerate, has ushered in a new leadership following the passing of its longtime chief Lee Kun-hee, but daunting tasks lie ahead for the tech titan, from a possible governance structure change to fierce challenges from its foreign rivals. Lee, one of most influential businessmen [...]
SEOUL, Oct. 27 (Korea Bizwire) — Speculation is growing over when Samsung Electronics Vice Chairman Lee Jae-yong would take the position of chairman in South Korea’s largest conglomerate following his father’s death, industry insiders said Tuesday, though the heir has already been recognized as the tech giant’s de facto leader. His father and a longtime [...]
SEOUL, Oct. 26 (Korea Bizwire) — Shares in Samsung Group’s key affiliates closed higher Monday on expectations that they may increase dividend payouts to help the late Samsung chief’s scions secure funds to pay record high inheritance taxes and they may overhaul their governance structures. Samsung Group chief Lee Kun-hee died Sunday at age 78, [...]
SEOUL, Oct. 25 (Korea Bizwire) — The succession of South Korea’s top conglomerate, Samsung, by Lee Jae-yong, the only son of late Samsung Group chief, is in the spotlight as the tech behemoth aims to solidify its presence in the smartphone, semiconductor and other business realms with a massive investment plan under his leadership. Lee [...]
SEOUL, Oct. 25 (Korea Bizwire) — As Samsung chief Lee Kun-hee passed away, his heirs, including his only son, Jae-yong, and his sisters will shoulder a record high amount of inheritance tax, industry sources said Sunday. Lee Kun-hee, who led South Korea’s top family-controlled conglomerate Samsung Group, died at a hospital in Seoul on Sunday [...]
SEOUL, Oct. 23 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of South Korea’s top conglomerate, returned home Friday after a business trip to Vietnam where he might have discussed investment projects. Lee embarked on the trip Monday to meet with Vietnamese Prime Minister Nguyen Xuan Phuc and to check [...]