Lee Kun-hee

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Founder of Electronics Dynasty Has Died

Lee Kun-hee transformed Samsung

(Newser) - The man who turned Samsung into a tech powerhouse—and nearly lost it all amid white-collar crime convictions—died Sunday in Seoul, the Washington Post reports. Lee Kun-hee was 78. "Chairman Lee was a true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse from a local...

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...

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...

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...

Samsung Chairman Resigns
 Samsung Chairman Resigns 

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...

Samsung Head Indicted for Tax Fraud
Samsung Head Indicted for
Tax Fraud

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...

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