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 [...]
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 [...]
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 [...]
SEOUL, June 9 (Korea Bizwire) — Samsung Group on Tuesday breathed a sigh of relief as its de facto leader Lee Jae-yong avoided arrest over an investigation into a controversial merger between two group units a few years ago, but South Korea’s largest conglomerate still faces the challenges of Lee’s drawn-out legal battle and uncertainties [...]
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 [...]
SEOUL, May 20 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong showed up at the exclusive arrival hall at Gimpo Airport Tuesday afternoon upon his return from a business trip to China, wearing a protective mask and gloves. The de facto leader of South Korea’s top conglomerate was carrying a small suitcase that accompanied [...]
SEOUL, May 18 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong on Monday visited the company’s chip factory in China to assess its business plans to overcome the virus crisis amid the reopening of the world’s No. 2 economy. Lee, the de facto leader of South Korea’s top conglomerate, inspected Samsung Electronics’ chip plant [...]
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 [...]
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 [...]
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 [...]