Lee Jae-yong Archives | Be Korea-savvy
Uncertainty Heightens Over Samsung as Heir Ordered Back to Prison for Bribery

Uncertainty Heightens Over Samsung as Heir Ordered Back to Prison for Bribery

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 [...]

Bumpy Road Lies Ahead for Samsung Group Under New Leadership

Bumpy Road Lies Ahead for Samsung Group Under New Leadership

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 [...]

Samsung Heir May Get Promoted to Chairman Following Father’s Passing

Samsung Heir May Get Promoted to Chairman Following Father’s Passing

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 [...]

Key Samsung Units Surge as Succession Issue Looms Following Group Chief’s Death

Key Samsung Units Surge as Succession Issue Looms Following Group Chief’s Death

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, [...]