SEOUL, Sept. 10 (Korea Bizwire) — Lee Kun-hee, chief of South Korea’s top conglomerate, Samsung Group, saw his stock value increase the most over the past five years compared to other business tycoons, a report showed Tuesday. Lee, bedridden, held stocks worth 14.8 trillion won (US$12.4 billion) as of Friday, according to the report compiled [...]
SEOUL, Mar. 5 (Korea Bizwire) — Financial authorities said Monday they will step up cooperation with the national tax agency to impose a fine on Samsung Group’s ailing chairman Lee Kun-hee for allegedly evading taxes with borrowed-name accounts. In a statement, the Financial Supervisory Service confirmed that Lee held 6.18 billion won (US$5.72 million) in [...]
SEOUL, Feb. 12 (Korea Bizwire) — Financial authorities have found more funds of Samsung Group’s ailing chairman, Lee Kun-hee, in bank and brokerage accounts held under other people’s names, a lawmaker said Monday, days after Lee was booked for suspected tax evasion. In a report submitted to Rep. Park Chan-dae of the ruling Democratic Party, [...]
SEOUL, Feb. 8 (Korea Bizwire) — Ailing Samsung Electronics Chairman Lee Kun-hee has been booked for suspected tax evasion by keeping about 400 billion won (US$367.8 million) in hundreds of different accounts created under borrowed names, police said Thursday. The special investigation unit of the National Police Agency said it referred Lee, South Korea’s richest [...]
SEOUL, Jan. 3 (Korea Bizwire) – Aside from “business”, “value”, “customer” and “innovation” were the keywords most commonly uttered by the leaders of South Korea’s top 10 conglomerates in their New Year’s addresses. Data provided by leadership assessment service CEOscore revealed that after “business”, which was uttered a leading 32 times, value, customer and innovation [...]
SEOUL, Dec. 27 (Korea Bizwire) — Samsung Electronics Chairman Lee Kun-hee has seen the value of his stock assets rise by nearly 4 trillion won (US$3.7 billion) this year thanks to a rally of the tech giant on the local bourse, a market tracker said Wednesday. According to CEO Score, Lee, who has been hospitalized [...]
SEOUL, Nov. 28 (Korea Bizwire) – Samsung chairman Lee Kun-hee’s position as the largest stakeholder of Samsung Life Insurance is in jeopardy after speculation over the existence of a secret offshore account was corroborated in a National Policy Committee meeting held on November 27. Politician Park Chan-dae said, “Chairman Lee’s eligibility as the largest stakeholder [...]
SEOUL, Nov. 20 (Korea Bizwire) – Samsung Group Chairman Lee Kun-hee’s ranking among the world’s superrich rose to 37th place as of late last week, thanks to the surge in the stock value at the conglomerate’s electronic arm, a U.S.-based financial news source said Sunday. According to Bloomberg, Lee, who has been hospitalized since May [...]
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 [...]
SEOUL, July 1 (Korea Bizwire) – “Samsung Group chairman Lee Kun-hee dies. Expecting announcement at 3 p.m. Embargo.” An unidentified tip announcing the death of one of Korea’s most revered business moguls shocked the Korean stock market which ran rampant across social media on June 30. The rumor of the death of Korea’s richest (Forbes [...]