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 [...]
SEOUL, May 15 (Korea Bizwire) — More than six out of every 10 South Koreans support the idea of pardoning Lee Jae-yong, the jailed de facto leader of Samsung Group, a poll showed Saturday. According to the joint poll conducted on 1,003 people age 18 or over nationwide from Monday through Wednesday, 64 percent of [...]
SEOUL, April 30 (Korea Bizwire) — Lee Jae-yong, the apparent heir of Samsung Group, bolstered his control of Samsung Electronics Co. with stocks inherited from his late father, an indication that the ownership structure of South Korea’s top conglomerate remains steadfast, affiliate filings showed on Friday. Jae-yong, the vice chairman of Samsung Electronics, jacked up [...]
SEOUL, April 27 (Korea Bizwire) – South Korea’s major business lobby groups on Tuesday said they have submitted a petition for the pardon of Lee Jae-yong, the imprisoned de facto leader of Samsung Group, to the presidential office for the sake of the national economy amid a global semiconductor shortage. Cheong Wa Dae, however, gave [...]
SEOUL, March 4 (Korea Bizwire) — Lee Jae-yong, the imprisoned de facto leader of Samsung Group, is focusing on preparing for his next legal battle related to his succession, industry insiders said Thursday, accepting only visits from his legal advisers so far. Lee, the heir of South Korea’s top conglomerate, was sentenced to 2 1/2 [...]
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 [...]