Lee Kun-hee

5 Stories

After Shock Arrest of Samsung Heir, the Indictment

Lee Jae-yong faces bribery, embezzlement charges

(Newser) - Following a three-month investigation, South Korean special prosecutors indicted Samsung's de facto chief Tuesday on bribery, embezzlement, and other charges linked to a political scandal that has toppled President Park Geun-hye . The indictment of Lee Jae-yong, a vice chairman at Samsung Electronics and the only son of the ailing... More »

S. Korea Pardons Samsung Chief to Lead Olympic Bid

Convicted embezzler holds seat on Olympic Committee

(Newser) - South Korea has granted a pardon to a former Samsung chairman found guilty of embezzlement to allow him to lead the country's bid for the 2018 Winter Olympics. President Lee Myung-bak said he pardoned Lee Kun-hee to allow him to keep his seat on the International Olympic Committee and to... More »

Ex-Samsung Boss Convicted in Tax Case

But S. Korean court hands Lee Kun-hee suspended sentence

(Newser) - 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... More »

Samsung Chairman Resigns

Lee steps down amid tax evasion scandal

(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... More »

Samsung Head Indicted for Tax Fraud

Electronics giant vows reform as chairman faces trial

(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... More »

5 Stories