Samsung Chairman Resigns

Lee steps down amid tax evasion scandal
By Jason Farago,  Newser Staff
Posted Apr 22, 2008 7:00 AM CDT
Samsung Group Chairman Lee Kun-hee bows during a press conference at the Samsung Group headquarters in Seoul, Tuesday, April 22, 2008. Lee says will step down from his post.   (AP Photo)
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(Newser) – The chairman of Samsung, Korea's leading exporter, has resigned after being indicted on multiple counts of tax fraud and breach of duty. Lee Kun-hee, whose resignation speech was carried live on all of South Korea's TV networks, has controlled the Samsung consortium since 1987. Lee, his wife, his son, and nearly a dozen other execs have been implicated in the scandal.