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 [...]
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 [...]