Big news to come out of South Korea last week was Samsung’s Jae-yong Lee (JY Lee) receiving a 30-month prison sentence from an appeals court. Considering Lee as the de facto leader of the Samsung Group and after his father’s recent passing, it was expected that he would file an appeal with the Supreme Court […]
management
Samsung founder’s son, Lee Kun-hee dies
Samsung today confirmed that its chairman, Lee Kun-hee (left) passed away died on Sunday. The cause of his death is not clear but Lee Kun-hee, 78, was bedridden and out of public limelight after suffering a heart attack six and a half years ago. Lee is the person for Samsung’s success that we see today. […]
Samsung heir freed from prison after successful appeal
In an interesting turn of events, South Korean court today suspended jail term of Samsung Group’s heir and Samsung Electronics vice chairman, JY Lee (Lee Jae-yong). Lee had appealed the sentence, after which the court decided to reduce the sentence to 2.5 years and probation of four years. Lee’s arrest last year had major ramifications […]
Samsung heir jailed on corruption charges
Samsung heir, J Y Lee (Lee Jae-yong) who was arrested earlier this year, has now been convicted on charges of corruption. The de-facto head and Samsung Electronics Vice Chairman has been handed five years of jail time for bribery, embezzlement and hiding assets overseas. Although Lee’s lawyers have confirmed that they’ll appeal Seoul court’s decision, […]
Samsung’s JY Lee will be indicted for bribery
Samsung’s JY Lee (Lee Jae-yong) will soon be indicted, according to the news report emerging from South Korea. The de-facto head will be charged for bribery that involves South Korea’s impeached President GH Park. Earlier this month, JY Lee was arrested after the prosecutors suspected him of giving or promising the president’s friend a bribe […]