Tag archive: Lee Kun-hee

Not two years ago, Samsung chairman Lee Kun-hee was a figure in disgrace: his home and office were raided by police looking for evidence Lee had used a company slush fund to bribe South Korean politicians, judges, and prosecutors. Lee resigned the chairmanship in April 2008, and by July was given a suspended jail term for tax evasion, but cleared on charges he had hidden money by transferring it to his children. But Lee is back: in December of… Read More

After being charged with fraud and resigning as head of the Samsung Group, Lee Kun-hee was given a three-year suspended jail sentence on charges of tax evasion, but was cleared of breach-of-trust charges and charges he issued bonds to illegally transfer money to his children. Lee's sentence was suspended for five years. The court also fined Lee 110 billion won (about $110 million US), which was more than double the amount he was… Read More

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