SEOUL, Jan. 18 (Korea Bizwire) – Samsung heir Lee Jae-yong was sentenced to 2 1/2 years in prison on Monday, in a retrial of a bribery case involving former President Park Geun-hye. He was put behind bars again less than three years after he was allowed to walk free. The Seoul High Court gave Lee, vice [...]
SEOUL, Jan. 17 (Korea Bizwire) — An appellate court will give a verdict on Monday for Samsung heir Lee Jae-yong in a retrial of a bribery case involving former President Park Geun-hye. Lee, vice chairman of Samsung Electronics Co., faces charges that he bribed Park and her longtime friend, Choi Soon-sil, to win government support [...]
SEOUL, Dec. 30 (Korea Bizwire) — Lee Jae-young, vice chairman of global tech giant Samsung Electronics Co., has emerged as South Korea’s richest stockholder following his father’s death, a corporate tracker said Wednesday. The value of Lee’s stock holdings came to 9.1 trillion won (US$8.3 billion) as of Tuesday, up from 7.4 trillion won at [...]
SEOUL, Oct. 23 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of South Korea’s top conglomerate, returned home Friday after a business trip to Vietnam where he might have discussed investment projects. Lee embarked on the trip Monday to meet with Vietnamese Prime Minister Nguyen Xuan Phuc and to check [...]
SEOUL, Oct. 18 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of South Korea’s top conglomerate, plans to visit Vietnam this week, his second overseas business trip this year after returning from Europe last week, industry sources said Sunday. According to the sources, Lee will depart for Vietnam on Tuesday [...]
SEOUL, Sept. 1 (Korea Bizwire) – Samsung Group was once again on alert Tuesday after its heir apparent Lee Jae-yong was indicted for his alleged role in a controversial merger and fraudulent accounting. The Seoul Central District Prosecutors’ Office indicted Lee, the de facto leader of South Korea’s top conglomerate, without detention on charges of [...]