Tag archive: Kim Yong-

In a move that's been expected for some weeks, Samsung chairman Lee Kun-hee resigned his position at South Korea's largest corporation following an indictment last week on fraud and tax evasion charges. Also stepping down are Samsung vice chairman Lee Hak-soo also announced his resignation, along with that of the chairman's son, Lee Jae-yong, also a Samsung executive. "We, including myself, have caused troubles to… Read More

South Korean special prosecutors have announced that they have charged Samsung chairman Lee Kun-Hee with breach of trust and tax evasion. However, Lee will remain free pending trial, with authorities saying they won't be arresting him because it the disruptive impact that could have on the electronics giant. Lee, age 66, was charged with nine other Samsung executives, including vice chairman Lee Hak-Soo. All have admitted to most of… Read More