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News
Lee Kun-Hee
Lee Kun-Hee News
Samsung
25 Oct 2020
Samsung chairman Lee Kun-hee, head of South Korea's biggest conglomerate, dies
"His legacy will be everlasting," Samsung said. "Chairman Lee was a true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse from a local business. His 1993 declaration of `New Management` was the motivating driver of the company’s vision to deliver the best technology to help advance global society," Samsung said in a statement. During his lifetime, Samsung Electronics developed from a second-tier TV maker to the world`s biggest technology firm by revenue - seeing off Japanese brands Sony, Sharp Corp and Panasonic Corp in chips, TVs and displays; ending Nokia Oyj`s handset supremacy and beating Apple Inc in smartphones.
Samsung
04 Jun 2020
Arrest warrant sought for Samsung heir Lee Jae-yong over accounting fraud
Samsung BioLogics has been suspected of committing a fraudulent accounting to help the Samsung heir inherit a management control over the entire group from his ailing father, Samsung Electronics Chairman Lee Kun-hee.
Samsung scion Jay Y. Lee
07 Aug 2017
South Korea prosecutors seek 12-year jail term for Samsung scion Jay Y. Lee
The court ruling is expected before August 27, when Lee`s current period of detention ends. Other charges he faces include wrongfully transferring assets overseas and hiding the proceeds of a crime.
South Korea
16 Jan 2017
South Korean prosecutors seek arrest of Samsung heir Lee Kun-Hee
South Korean prosecutors on Monday sought the arrest of the heir to giant conglomerate Samsung for bribery in connection with a political scandal that has seen President Park Geun-Hye impeached.
Samsung Group
17 Jul 2015
Shareholders back Samsung's key $8 billion merger plan in close vote
Samsung C&T Corp shareholders on Friday approved an $8 billion takeover offer from sister firm Cheil Industries Inc.
Samsung
23 Jun 2015
Samsung heir apologises in public for MERS spread
The heir of the Samsung business group made a deep bow in apology as criticism mounts on a Samsung hospital for its role in spreading the Middle East respiratory syndrome.
Samsung Electronics
03 Jun 2015
Samsung Electronics says no plans to merge with Samsung SDS
"The management wants me to express clearly that we do not have a plan to merge with SDS," Robert Yi, Samsung Electronics` head of investor relations, said at a company event in Seoul.
Samsung
26 May 2015
Samsung to merge two major units
Samsung Group announced Tuesday the merger of two major affiliates, as the South Korean business giant accelerates restructuring efforts ahead of a generational power transfer within the founding Lee family.
South Korea
15 May 2015
South Korea's Samsung Group heir apparent takes key leadership roles
Samsung Group heir apparent Jay Y Lee will take over from his father Lee Kun-hee as head of two key foundations, the conglomerate said on Friday, suggesting that a transfer of leadership is underway at South Korea`s largest conglomerate.
Samsung Heavy Industries
19 Nov 2014
Samsung Heavy scraps Samsung Eng takeover on $1.5 billion stock buy back costs
Shareholders doubting the synergies of the merger had asked the two companies to buy back their stock for a higher-than-budgeted $1.5 billion.
Samsung
07 Jul 2014
Samsung Electronics faces falling profits as succession looms
Samsung`s cash cow handsets business is suffering from slowing market growth and improving product quality from Chinese manufacturers such as Huawei Technologies Co Ltd and Lenovo Group Ltd.
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