Lee Kun-hee Back in Charge of Samsung

lee kun hee back in charge of samsung

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 last year the South Korean government pardoned Lee in exchange for his help launching Pyeongchang’s bid to host the 2018 Winter Olympic Games as a member of the International Olympics Committee. And now Lee is the head of Samsung Electronics, Samsung’s flagship company.

Lee’s father was the founder of the Samsung group, which has grown into a massive business conglomerate with businesses spanning everything from finance to construction to maritime transport, although Samsung Electronics is the heart of the company’s operations. Lee is routinely cited as South Korea’s richest man, and he remains Samsung’s largest individual shareholder.

Lee apparently sees his role at the head of Samsung Electronics as finding new growth areas for Samsung as the electronics industry tries to emerge from a global economic crisis—one that Samsung weathered reasonably well, growing major businesses in flat-panel televisions, memory chips, and mobile phones. Nonetheless, Lee pointed to dark clouds: “We are facing a real crisis,” Lee said in an English-language statement released by Samsung. “Many global companies are experiencing enormous challenge and uncertainty of the future, and Samsung is no exception.”

Pardons for major South Korean industrial figures aren’t that uncommon: last year, the South Korean government pardoned the chairman of Hyundai Motors following an embezzlement conviction. However, the country has been strongly criticized for its tolerance of crimes committed by the heads of its large family-run industrial enterprises.

[Image credit unknown]

Smart Home

At KBIS 2019, LG brings its biggest lineup of Amazon Dash-equipped appliances

LG announced ahead of KBIS 2019 that its entire line of dishwashers and laundry appliances will now come pre-integrated with Amazon Dash, the online retailer's popular automatic replenishment program.

Apple loses battle to use Intel modems in Germany in latest clash with Qualcomm

Apple is following the Federal Trade Commission's lead and has sued Qualcomm for a massive $1 billion in the U.S., $145 million in China, and also in the U.K., claiming the company charged onerous royalties for its patented tech.

It hasn't even been announced yet, but you can already reserve the Galaxy S10

It won't be long now. With 2019 underway, the Samsung Galaxy S10 is almost here. Before it arrives, here's absolutely everything you need to know about all three of Samsung's next flagships.

Samsung teases it will reveal its foldable phone during the Galaxy S10 event

Samsung has been showcasing bendable display tech for a few years and now a folding smartphone might finally arrive. The Galaxy X, or perhaps the Galaxy Fold, may be the company's first example. Here's everything we know about it.

Use one of these password managers to help protect yourself online

The internet can be a scary place, especially if you don't have a proper password manager. This guide will show you the best password managers you can get right now, including both premium and free options.

YouTube beats Apple, Netflix as the most trusted brand by millennials

The popular video sharing website YouTube climbed up in an annual Mblm study, moving up from third place in 2018 and coming ahead of both Apple and Netflix in final 2019 rankings. 

Is the 5G spectrum harmful to our health? Experts say, 'Don't freak out'

There's plenty of consumer anxiety about radiofrequency (RF) radiation, specifically around millimeter waves (mmWave) used on 5G networks, but is it based in reality? We asked the FDA to give us its official view on the subject.

Russia will ‘unplug’ from the internet as part of a cyber-defense test

Authorities across Russia are planning on unplugging the country from the global internet as part of a test of its cyber defenses. The disconnection will briefly keep all internet traffic inside the country.

These are the coolest games you can play on your Google Chrome browser right now

Not only is Google Chrome a fantastic web browser, it's also a versatile gaming platform that you can access from just about anywhere. Here are a few of our favorite titles for the platform.

Gmail adds lots of new functionality to its right-click menu

Right-click on an email in Gmail and the list of actions is pretty limited. That's about to change, though, as Google has just announced it's expanding the list of options to make its email client that little bit more useful.

Tired of paying a monthly fee for Word? The best Microsoft Office alternatives

Looking for a competent word processor that isn't Microsoft Word? Thankfully, the best alternatives to Microsoft Office offer robust features, expansive compatibility, and an all-too-familiar aesthetic. Here are our favorites.

File Transfer Protocol explained: What FTP is and what it does

FTP stands for "File Transfer Protocol," and it's used to transfer files online. Most internet users don't need it, but web developers use it constantly. Here's what FTP is, how it works, and how you can get started using it.

Make a GIF of your favorite YouTube video with these great tools

Making a GIF from a YouTube video is easier today than ever, but choosing the right tool for the job isn't always so simple. In this guide, we'll teach you how to make a GIF from a YouTube video with our two favorite online tools.

Lose the key for your favorite software? These handy tools can find it for you

Missing product keys getting you down? We've chosen some of the best software license and product key finders in existence, so you can locate and document your precious keys on your Windows or MacOS machine.