SEOUL, Nov. 18 (Korea Bizwire) — Samsung Group’s de facto leader Lee Jae-yong has met with leaders of Moderna and Verizon in the United States to enhance cooperation with the global partners, Samsung said Thursday, as part of efforts to secure the conglomerate’s next growth engines. Lee, vice chairman of Samsung Electronics Co., met Noubar [...]
SEOUL, Nov. 14 (Korea Bizwire) — Lee Jae-yong, the de facto chief of Samsung Group, embarked on a business trip to North America on Sunday reportedly aimed at finalizing a project to build a new U.S. chip plant and holding talks over COVID-19 vaccines with Moderna Inc. According to industry sources, Lee is scheduled to [...]
SEOUL, Oct. 26 (Korea Bizwire) — Samsung Group heir Lee Jae-yong was fined 70 million won (US$60,055) Tuesday for illegally using propofol, an anesthetic medication, dozens of times over a period of years. The Seoul Central District Court also ordered an additional forfeiture of 17 million won as it convicted Lee of violations of the [...]
SEOUL, Oct. 5 (Korea Bizwire) — Lee Jae-yong, the chief of South Korea’s top conglomerate Samsung Group, remains the country’s richest stockholder despite a fall in the value of his shareholdings, a corporate tracker said Tuesday. Stock holdings of Lee, vice chairman of global tech titan Samsung Electronics Co., were valued at 14.17 trillion won [...]
SEOUL, Aug. 27 (Korea Bizwire) — Defying criticism and stiff objections from anti-corruption campaigners, Lee Jae-yong, the de-facto chief of the country’s top conglomerate Samsung was released on parole on Aug. 13, rekindling controversy over lopsided legal “favors” to business moguls here. Lee, the vice chairman of Samsung Electronics Co., the group’s crown jewel, had [...]
SEOUL, Aug. 13 (Korea Bizwire) — Samsung group’s de facto leader Lee Jae-yong was released on parole Friday, seven months after he was imprisoned over bribery. The vice chairman of Samsung Electronics Co. offered a public apology, leaving the Seoul Detention Center in Uiwang, 25 kilometers south of Seoul, where his supporters, as well as [...]
SEOUL, Aug. 9 (Korea Bizwire) — Samsung Group, the country’s largest conglomerate, is likely to ramp up its investment and merger and acquisition (M&A) with the parole of its leader despite controversy over the legitimacy, industry insiders said Monday. The parole board under the justice ministry approved Lee Jae-yong’s release from jail after hours of [...]
SEOUL, Aug. 9 (Korea Bizwire) — The justice ministry said Monday it will release jailed Samsung heir Lee Jae-yong on parole later this week, a decision fiercely protested by civic groups and welcomed by Samsung Group and other business leaders. The vice chairman of Samsung Electronics Co. has been serving time since he was sentenced [...]
SEOUL, July 26 (Korea Bizwire) — More than 66 percent of South Koreans support the idea of granting parole to Lee Jae-yong, the jailed de facto leader of Samsung Group, a poll showed Monday. In a poll of 500 people aged 18 and older nationwide conducted by Realmeter on Friday, 66.6 percent of the respondents [...]
SEOUL, July 25 (Korea Bizwire) — Rumors that former President Park Geun-hye and Samsung Group heir Lee Jae-yong may receive presidential pardons or paroles are increasingly making the rounds in political circles as of late amid growing calls for amnesty for the two figures jailed over corruption-related charges. Such speculations are being circulated widely with [...]