Chairman Lee denies any wrongdoingsSouth Korea’s prosecutors sought a five-year prison sentence for Samsung Electronics Chairman Lee Jae-yong on Nov. 17 on charges of stock price manipulation and accounting fraud.Prosecutors also demanded fines of $390 million on Lee in the long-standing case relate
South Korea’s richest businessman will be reinstatedSamsung Electronics Vice Chairman Lee Jae-yong, the de facto chief of the country’s largest conglomerate Samsung Group, gained a presidential pardon on Aug. 12.Justice Minister Han Dong-hoon said that the Samsung tycoon would be reinstated in time
Daesang Group heir gains spotlight after the success of Squid GameLast week, South Korean actor Lee Jung-jae basked in the limelight in Los Angeles as the protagonist of the Netflix hit drama Squid Game attended a film gala.Also gaining a spotlight beside Lee was Lim Se-ryung, the heiress of South K
Lee Jae-yong will stay home this monthSamsung Group chief Lee Jae-yong opted not to visit the United States this month, according to Samsung officials. Watchers come up with various reasons why Lee did not fly to America during the past five years.Lee reportedly requested a visa to visit the U.S. du
Taiwan's TSMC may have to sweatSouth Korea’s largest conglomerate Samsung Group announced this week that it will invest 240 trillion won ($205 billion) over the next three years in such areas as semiconductors and AI.The investment plan was disclosed around 10 days after Samsung tycoon Lee Jae-yong
Can Lee Jae-yong head Samsung right away?Released no parole early Aug. 13 after seven months behind bars, Samsung Electronics Vice Chairman Lee Jae-yong moved to the head office of the world’s largest maker of semiconductors and smartphones.This causes controversies about whether he can return to th
After spending seven months behind bars, Vice Chairman Lee will be backSouth Korea’s Ministry of Justice said on Aug. 9 that it will grant parole to imprisoned Samsung Electronics Vice Chairman Lee Jae-yong, who will be released later this week.Justice Minister Park Beom-kye said in a media briefing
Vice Chairman Lee Jae-yong faces another setbackThings couldn’t be worse for Samsung Electronics Vice Chairman Lee Jae-yong as the Samsung Group chief has to stand a formal trial over his alleged usage of propofol.A Seoul court said on July 1 that Lee should undergo an official trial, a major turnar
US bizpeople asks for closer semiconductor cooperation between US and KoreaThe American Chamber of Commerce in Korea (AMCHAM) said on May 20 that it asked the presidential office to release Samsung Electronics Vice Chairman Lee Jae-yong, who was imprisoned this year for such charges as bribery.Lee i
US automaker cries foul at continued exit banGeneral Motors (GM) Korea announced on May 10 that it would bring the prosecution to the court due to the continued exit ban on its CEO Kaher Kazem despite the recent ruling against such a measure.The Korean unit of the U.S. automaker said that the prosec
Will Lim Se-ryung lead Daesang Group?South Korea’s food-making group Daesang promoted Lim Se-ryung to vice chairman this week. She is the eldest daughter of Daesang Honorary Chairman Lim Chang-wook.Daesang said that Lim will take charge of the group’s marketing and strategy divisions.“We think that
1. Wealth: $6.1 billion (Forbes, 2019)2. Date of birth: June 23, 1968Lee Jae-yong is the grandson of Samsung Group founder Lee Byung-chull and the only son of Samsung Group Chairman Lee Kun-hee.3. Company & title: Samsung Electronics/Vice ChairmanLee is a de-facto leader of Samsung Group of which ma
Sisters compete for group stewardshipIn June 1998, Daesang Group heiress Lim Se-ryung married Samsung Group heir-apparent Lee Jae-yong, the only son of Samsung Chairman Lee Kun-hee.In other words, she tied the knot with the young businessman who would lead the country’s largest business empire. In c
Chairman Lee has been hospitalized for 5 yearsMay 10 marks five years since the hospitalization of Samsung Electronics Chairman Lee Kun-hee, who has been ensconced in Samsung Seoul Hospital.On that date, Lee collapsed following a heart attack at his home and was taken to the Samsung hospital where h