Samsung Electronics chairman Lee Jae-yong has been found not guilty in the case that was connected to the controversial merger of Cheil Industries Inc. and Samsung C&T Corp. These companies were merged in 2015, and it was alleged that Lee Jae-yong was involved in stock price rigging and accounting fraud to solidify his position and […]
Read MoreSamsung is adopting a “Senior Outside Director” system for two more of its branches, SDI and SDS. The decision, spearheaded by Lee Jae-yong, was reportedly made on October 26, as the company inaugurated Lee’s first anniversary as a Chairman. Samsung Electronics’ Board of Directors comprises five Executive Directors and six Independent Directors — also known […]
Read MoreYesterday, October 19, Samsung Executive Chairman Lee Jae-yong visited the construction site of the next-generation semiconductor R&D complex at the Giheung campus in South Korea. The leader inspected the construction site and held a management meeting with other Samsung executives, some of whom attended through video conferencing as they were overseas. The management meeting took […]
Read MoreSamsung’s Lee Jae-yong is reportedly preparing to embark on a lengthy business trip to the USA. There, the Samsung leader is expected to meet with some of the tech industry’s most influential people and reinforce Samsung’s partner network while creating new plans for future business ventures. Industry sources (via Hankyung) say that Chairman Lee will […]
Read MoreSamsung’s Executive Chairman board membership was not among the topics of discussion during the company’s recent board of director meeting, held Tuesday. Lee Jae-yong joined the board of directors in 2016 but left in October 2019 when he was facing bribery charges connected to former President of Korea Park Geun-hye. Samsung’s board of directors held […]
Read MoreSamsung has just announced that Lee Jae-yong has been appointed as Samsung Electronics’ Executive Chairman. The board approved the appointment after the recommendation by current board chairman Kim Han-jo. The post had been vacant for the past two years since the death of former Chairman Lee Kun-hee. Samsung Group’s board said that the company needs […]
Read MoreSamsung’s Lee Jae-yong will meet with SoftBank founder Masayoshi Son in Seoul next month. Mr. Son will visit South Korea’s capital city in October, and the media is questioning whether the meeting with Samsung’s leader might have anything to do with a possible acquisition of the British chip designer ARM. During an interview at the […]
Read MoreWorld Expo 2030 is all set to debut in 2030, and Samsung, being one of the largest tech giants across the globe and a native of South Korea, wants the World Expo 2030 to happen in Busan, South Korea. Busan is going up against other venues, including Saudi Arabia’s Riyadh, Italy’s Rome, and Ukraine’s Odesa. Earlier this month, it […]
Read MoreSouth Korean president’s office announced today that Samsung Electronics Vice Chairman Lee Jae-yong will serve as the presidential envoy for the country’s bid to host World Expo 2030. He will join other high-profile business figures in the government’s campaign to host the prestigious event. Earlier reports claim that Lee plans to visit Britain later this […]
Read MoreSamsung Electronics Vice Chairman Lee Jae-yong received a huge relief today. The President of South Korea, Yoon Suk Yeol, pardoned Lee on the occasion of next week’s Liberation Day anniversary in the country. Lee Jae-yong can now formally take control of South Korea’s largest conglomerate. Earlier, Lee was sentenced to 2.5 years in prison after being […]
Read MoreSouth Korean business leaders want Samsung heir Lee Jae-yong to be pardoned and free from all post-prison restrictions. The Samsung leader was sentenced to 2 and a half years in prison and released on parole in August last year, but whether or not President Yoon Suk-yeol will grant a full pardon remains unknown. Samsung’s de-facto […]
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