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May 6, 2020

Samsung’s heir Lee Will Not Hand Over Management Rights To Children

Jay Y. Lee, the heir to the Samsung Group, said on Wednesday that he would not hand over management to the children of the family business group.

The 51-year-old Lee also apologised for the group’s failure to strictly abide by the law and ethics and to meet public expectations, in his first news conference in five years.

The executive has been embroiled in a bribery scandal involving South Korea’s impeached president and which prosecutors said was aimed at smoothing business succession. – Reuters

 

 

source: https://www.thestar.com.my/business/business-news/2020/05/06/samsung-heir-lee-won039t-hand-over-management-rights-to-children

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