Lee Jae-yong Archives | Be Korea-savvy
Samsung, Hyundai Motor Heirs Discuss Cooperation in Mobility Biz

Samsung, Hyundai Motor Heirs Discuss Cooperation in Mobility Biz

SEOUL, July 21 (Korea Bizwire) — Heirs of South Korea’s top two conglomerates — Samsung and Hyundai Motor — discussed possible cooperation in the electric vehicle (EV) and mobility businesses, the groups said Tuesday. Lee Jae-yong, Samsung’s de facto leader, shared his views on future mobility solutions with Hyundai Motor Group Executive Vice Chairman Chung [...]

Samsung Heir Vows Support for Startups

Samsung Heir Vows Support for Startups

SEOUL, July 6 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong on Monday vowed support for startups in another on-site visit amid global uncertainties. Lee, the de facto leader of South Korea’s top conglomerate, Samsung Group, visited the tech giant’s startup incubation center in Suwon, south of Seoul, and encouraged workers at its in-house [...]

Samsung Heir Wins Public Backing in Legal Battle, but Uncertainty Remains

Samsung Heir Wins Public Backing in Legal Battle, but Uncertainty Remains

SEOUL, June 27 (Korea Bizwire) — Samsung Group heir apparent Lee Jae-yong was granted a respite Friday in a legal battle over his alleged role in a controversial merger and fraudulent accounting, as an independent panel of experts concluded that prosecutors should not indict him. However, Samsung is still cautious as Lee’s legal battle is [...]

Samsung Asks Media to Refrain from Speculative Reporting amid Merger Probe

Samsung Asks Media to Refrain from Speculative Reporting amid Merger Probe

SEOUL, June 7 (Korea Bizwire) — Samsung Group on Sunday asked the media to refrain from publishing speculative reports related to the prosecution’s investigation of a controversial merger of two affiliates. “Speculative or unconfirmed reports with questionable sources are continuing to come out as of late. Of those, some stories are based on the impression [...]

Samsung Seeking Major Management Transformation with Chairman Still Bedridden

Samsung Seeking Major Management Transformation with Chairman Still Bedridden

SEOUL, May 11 (Korea Bizwire) — Samsung Group Chairman Lee Kun-hee has been hospitalized for the past six years, with no signs of recovery so far. Meanwhile, Samsung Electronics Vice Chairman Lee Jae-yong, the eldest son of bedridden chief and the heir to South Korea’s top conglomerate, made a rare public apology Wednesday over controversies [...]

Samsung Heir Apologizes over Succession Controversy, Vows to Scrap ‘No Labor Union’ Policy

Samsung Heir Apologizes over Succession Controversy, Vows to Scrap ‘No Labor Union’ Policy

SEOUL, May 6 (Korea Bizwire) — Lee Jae-yong, the heir of South Korea’s top conglomerate Samsung Group, made a rare public apology Wednesday over controversies related to his succession and vowed to scrap the group’s “no labor union” policy. Lee, the eldest son of bedridden Samsung Group chief Lee Kun-hee, also said he will not hand [...]

Samsung’s Compliance Committee Urges Group Heir to Apologize over Succession, Labor Union Issues

Samsung’s Compliance Committee Urges Group Heir to Apologize over Succession, Labor Union Issues

SEOUL, March 11 (Korea Bizwire) — Samsung Group’s independent compliance committee on Wednesday urged group heir Lee Jae-yong to apologize over issues related to his succession and address problems regarding the conglomerate’s labor union policy. The seven-member committee said it sent a letter of suggestion to Lee — Samsung Electronics vice chairman and the de-facto [...]