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October 7, 2008 9:42:20 AM CDT


Stories related to: Lee Kun-hee

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3 Stories

  • July 2008
    • Ex-Samsung Boss Convicted in Tax Case

      Ex-Samsung Boss Convicted in Tax Case

      (AP) - A South Korean court convicted former Samsung Chairman Lee Kun-hee of tax evasion today, but handed the country's iconic business figure a 3-year suspended sentence, leaving him free from prison, reports the AP. The Seoul court found Lee, who resigned in April when the charges were brought, guilty of not paying about $46 million in taxes and fined him $109 million. More »

      Tags

      South Korea   trial   tax evasion   Samsung   Lee Kun-hee

  • April 2008
    • Samsung Chairman Resigns

      Samsung Chairman Resigns

      (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. More »

      Tags

      South Korea   corruption   Samsung   tax fraud   Lee Kun-hee

    • Samsung Head Indicted for Tax Fraud

      Samsung Head Indicted for Tax Fraud

      (Newser) - The chairman of electronic giant Samsung will stand trial for tax evasion and breach of duty after special prosecutors alleged corruption in South Korea's largest industrial corporation. Lee Kun-hee was indicted in Seoul today for evading $114 million in taxes and for incurring losses at Samsung while installing his son in leadership positions, Bloomberg reports. Nine other execs at Samsung were also charged with crimes. More »

      Tags

      South Korea   corruption   consumer electronics   Samsung   tax fraud   Lee Kun-hee

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