SEOUL, Mar. 26 (Korea Bizwire) — Lee Jae-yong, the vice chief of tech giant Samsung Electronics Co., has made a business trip to Europe, company officials said Sunday, embarking on his first official activity since being released from prison in February. Lee’s resumption of business activity as Samsung’s de facto head comes 45 days after [...]
SEOUL, Mar. 20 (Korea Bizwire) — South Korea’s largest conglomerate Samsung is set to celebrate its 80th anniversary this week without official events, industry watchers said Tuesday, as it seeks to avoid public attention after the release of its de facto heir Lee Jae-yong from prison. The family-controlled group, whose major affiliates include Samsung Electronics [...]
SEOUL, Feb. 7 (Korea Bizwire) – Faculty at the elite Seoul National University business school have created a new class teaching corporate ethics that will be a core requirement for students going forward. Starting this spring term, the class, titled “Corporate Philosophy and Ethics” will be mandatory for business management students in their freshman year. [...]
SEOUL, Feb. 6 (Korea Bizwire) — A top executive at Samsung Electronics Co. vowed Tuesday to engage in “speed management,” which could be seen as a move by the tech giant to make aggressive business decisions. Samsung Electronics Vice Chairman Yoon Boo-keun made the comments in a brief meeting with reporters after attending a forum [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s two major business lobbies breathed a collective sigh of relief Monday as Samsung Electronics Vice Chairman Lee Jae-yong walked out of prison after serving nearly a year over a bribery scandal that led to the ouster of former President Park Geun-hye. The Seoul High Court had sentenced [...]
SEOUL, Feb. 5 (Korea Bizwire) — An appellate court is set to hand down its verdict Monday on Samsung Electronics Vice Chairman Lee Jae-yong, who was found guilty by a lower court of offering kickbacks to former President Park Geun-hye, and her friend, in a scandal that led to Park’s ouster last year. The scion [...]
SEOUL, Jan. 3 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong is expected to step down from the board of the Boao Forum by not extending his term, which ends in April, industry watchers said Wednesday. Lee has been behind bars since February amid allegations that he took part in a major political scandal [...]
SEOUL, Oct. 16 (Korea Bizwire) – Samsung Electronics CEO and Vice Chairman Kwon Oh Hyun’s decision to resign by March of next year has left Samsung Group Vice Chairman Lee Jae Yong as the clear successor to his father as the head of the Samsung empire. After the resignation of fellow Vice Chairman Choi Ji [...]
SEOUL, Sept. 19 (Korea Bizwire) — Samsung Electronics Co.’s reputation plunged in 2017 compared with the year before, industry data showed Tuesday, apparently due to the arrest of its de facto head coupled with the Galaxy Note 7 debacle. According to the U.S.-based Reputation Institute, Samsung’s ranking in terms of corporate social responsibility plunged 69 [...]
SEOUL, Sept. 6 (Korea Bizwire) – The mother and two sisters of Samsung Electronics Vice Chairman Lee Jae-yong have recently visited him at a detention center, legal sources said Wednesday. The Samsung heir was sentenced to five years in prison on Aug. 25 for giving 43 billion won (US$38 million) in kickbacks to ousted President [...]