Prosecutors in Seoul have asked for the arrest of Lee Jae-yong, the heir and presumptive head of the Samsung Group. He is accused of stock price adjustment and audit infractions within the enormously complex web of Samsung-related business.
He has, nevertheless, been popular in Korea’s battle against coronavirus. Lee put Samsung, the world’s largest maker of memory chips, mobile devices and electronic screens, at the front of a drive to increase COVID-19 testing sets, It likewise provided $39 million of help and lent out doctors, engineers and a corporate jet.
Nevertheless, Lee’s problems are stacking up. Reuters reports that he also faces trial on a charge of bribery aimed at winning assistance for him to prosper ailing group patriarch Lee Kun-hee.
Lee was last month employed to speak with prosecutors, and held an interview to excuse the issues over succession and control. “I pledge to produce a brand-new Samsung that is level with the nationwide self-respect of South Korea,” he stated.
In August 2017, Lee was sentenced to 5 years in prison for corruption planned to win assistance for the then Park Geun-hee federal government for a 2015 corporate manoeuvre which helped him tighten his control at Samsung. He was released from prison in February 2018.
Disgraced president, Park instituted a blacklist of entertainment talent who were not to get federal government financing. She likewise leaned on CJ Entertainment to make patriotic films such as “Roaring Currents” and “Ode to My Father.”
Wish to find out more articles like this one?