The Seoul Central District Court has issued a warrant against Samsung Electronics vice chairman, Lee-Jae Yong aka JY Lee in connection with the corruption probe involving South Korean President and her friend. The same court turned down the arrest warrant request last month but granted it this time as prosecutors levelled more charges on Lee […]
management
Samsung’s JY Lee and another executive can get arrested in South Korea
South Korean prosecution is coming hard at Samsung chief’s son, JY Lee (Lee Jae-yong). The special prosecutor’s office in South Korea grilled JY Lee for more than 15 hours for his involvement in bribing the president as well as embezzling and hiding assets overseas. The prosecution office has sought a warrant to arrest Samsung vice […]
South Korea mulls JY Lee’s arrest, Samsung Group refutes charges
UPDATE: The prosecutors are seeking a new arrest warrant against JY Lee. Read here. Worries don’t seem to leave Samsung off late. Prosecutors in South Korea are looking to arrest, Jay Y Lee, son of Kun-hee Lee for a bribing scandal involving the country President. The prosecutors allege that younger Lee had donated about 43 […]
Samsung details plan to improve long-term value creation for shareholders
Samsung is one of the largest chaebols in the world and while the Lee family maintains a tight hold over Samsung, the company today announced its detailed plan to enhance long-term value creation for shareholders. First is the improvement in the shareholder program, which will see a 50 percent free cash flow dedicated to shareholder […]
Samsung brings in a new chief to head the mobile division
Samsung today confirmed that they’ve replaced JK Shin with a new head for its mobile business. DJ Koh, who was promoted to be the head of the Mobile R&D Office at the Mobile Communications Business last year has now been promoted to spearhead Samsung Electronics’ handset business. JK Shin, however, will still hold its position […]