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 [...]
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 [...]
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 [...]
SEOUL, Jan. 28 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong is on a tour to Brazil to check the South Korean tech giant’s business plans for the Latin American market, the company said Tuesday. Lee, the de facto leader of Samsung Group, visited Samsung Electronics’ manufacturing plant in Manaus, Amazonas, in northern Brazil [...]
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 [...]
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 [...]
SEOUL, Aug. 29 (Korea Bizwire) — Samsung Group is facing yet another headwind at home as South Korea’s top court ordered a review of a suspended sentence for its de facto leader in a bribery case Thursday, adding to the woes that the nation’s largest conglomerate is dealing with. Lee Jae-yong, vice chairman of Samsung [...]
SEOUL, Aug. 29 (Korea Bizwire) — South Korea’s top court on Thursday ordered a lower court to reconsider its suspended jail sentence for Samsung heir Lee Jae-yong in a massive bribery scandal that led to the ouster of former President Park Geun-hye. The de facto leader of the country’s top conglomerate was initially sentenced to [...]
SEOUL, Aug. 26 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong called on the company’s display unit Monday to redouble efforts to tide over its current crisis by developing new technologies. Lee, the de facto head of South Korea’s top conglomerate Samsung Group, made the call during a visit to Samsung Display Co.’s factory [...]