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Samsung Heir Becomes S. Korea’s Richest Stockholder After Father’s Death

Samsung Heir Becomes S. Korea’s Richest Stockholder After Father’s Death

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 [...]

Samsung Heir Braces for Yet Another Legal Battle; Samsung on Alert over Uncertainties

Samsung Heir Braces for Yet Another Legal Battle; Samsung on Alert over Uncertainties

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 [...]