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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 [...]

Samsung Heir Visits Virus-hit Plant in S. Korea

Samsung Heir Visits Virus-hit Plant in S. Korea

SEOUL, March 3 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong visited one of the company’s South Korean plants affected by the new coronavirus on Tuesday and encouraged employees there to overcome the crisis. Lee, the heir apparent of Samsung Group, South Korea’s top conglomerate, inspected Samsung Electronics’ smartphone plant in the southeastern city [...]

Prosecution Begins Probe into Samsung Heir’s Alleged Drug Abuse, Samsung Denies

Prosecution Begins Probe into Samsung Heir’s Alleged Drug Abuse, Samsung Denies

SEOUL, Feb. 13 (Korea Bizwire) — Prosecutors have launched an investigation into Samsung heir-apparent Lee Jae-yong’s suspected drug use, while the top conglomerate has flatly denied the allegation. The Seoul Central District Prosecutors Office began the probe after a whistleblower reported the case to the state anti-corruption watchdog, demanding an investigation into the allegation, according [...]

Samsung Signs MOU with Saudi Arabia on Entertainment City Project

Samsung Signs MOU with Saudi Arabia on Entertainment City Project

SEOUL, Oct. 30 (Korea Bizwire) — South Korea’s top conglomerate Samsung Group said Wednesday it will join a massive entertainment city development project in Saudi Arabia, with its affiliates taking part in various areas from construction to electronics. Under an agreement with Qiddiya Investment Company (QIC), Samsung will collaborate with Saudi officials on the development [...]

Samsung Heir Visits India to Discuss Mobile Business

Samsung Heir Visits India to Discuss Mobile Business

SEOUL, Oct. 7 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong is visiting India to check the world’s largest smartphone maker’s businesses there, industry sources said Monday, raising speculations that the South Korean tech giant may make further investment to expand its presence in the world’s second-largest smartphone market. Lee arrived in India on [...]