Spokesman ruins South Korean president's trip

SEOUL, May 10 (UPI) -- Sexual assault allegations made against South Korean President Park Geun-hye's spokesman undermined Park's visit to the United States, officials said.

Large business delegation to accompany Park on U.S. visit

SEOUL, May 2 (UPI) -- A 51-member South Korean business group will travel with President Park Geun-hye on her U.S. visit, highlighting bilateral economic ties, officials said.

Samsung chairman wins inheritance lawsuit

SEOUL, Feb. 1 (UPI) -- A court in South Korea has ruled Samsung Electronics Chairman Lee Kun-hee does not have to share $3.6 billion of his inheritance with family members.
South Korea pushes Winter Olympic bid

South Korea pushes Winter Olympic bid

PYEONGCHANG, South Korea, Feb. 15 (UPI) -- South Korean President Lee Myung-bak is personally pushing his country's bid to host the 2018 Winter Olympics, a spokesman for Lee said.

Samsung promotes within the family

SEOUL, Dec. 3 (UPI) -- South Korean electronics giant Samsung Lee said Jae-yong, a grandson of the company's founder, had been promoted to president.

Ex-Samsung chief gets suspended sentence

SEOUL, Aug. 14 (UPI) -- The Seoul High Court gave the former Samsung chairman a three-year suspended sentence and a hefty fine for illegal bond deals, South Korean officials said.

Court clears Samsung owner of most charges

SEOUL, May 29 (UPI) -- The South Korean Supreme court cleared Samsung owner Lee Kun-hee of all breach of trust charges Friday after 13 years of legal wrangling.

Former Samsung leader spared jail term

SEOUL, Oct. 10 (UPI) -- A South Korean appeals court tossed out a breach of trust charge against former Samsung Group Chairman Lee Kun-hee Friday, sparing him a prison term.

Ex-Samsung chairman guilty of tax evasion

SEOUL, July 16 (UPI) -- Lee Kun-hee, former chairman of the global electronics giant Samsung, was found guilty Wednesday of tax evasion in a South Korean court.

Samsung chairman resigns

SEOUL, April 22 (UPI) -- Lee Kun-hee, chairman of the South Korean conglomerate Samsung Group who was indicted last week on tax evasion and breach of trust charges, resigned Tuesday.

Reaction mixed on Samsung probe

SEOUL, April 17 (UPI) -- Reaction was mixed in South Korea Thursday over a special prosecutor's decision not to pursue bribery charges against Samsung Group Chairman Lee Kun-hee.

Samsung probe winding down in Seoul

SEOUL, April 16 (UPI) -- A high profile investigation in South Korea involving an alleged slush fund set up to bribe officials is winding down, prosecutors said.

Samsung chief questioned again

SEOUL, April 11 (UPI) -- The head of South Korea's Samsung Group was questioned again Friday by a special prosecutor probing alleged corruption in the nation's largest conglomerate.

Prosecutors question Samsung chairman

SEOUL, April 4 (UPI) -- Samsung Group Chairman Lee Kun-hee said upon leaving a special prosecutor's office in Seoul Friday that he did not engage in bribery.

S. Korean probes Samsung Group

SEOUL, Feb. 28 (UPI) -- Prosecutors in South Korea issued a summons to the executive director of Samsung Electronics Co. Lee Jae-yong Thursday as part of a wide-ranging investigation.
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Lee Kun-hee (born January 9, 1942) is Chairman and CEO of Samsung Electronics. He resigned on April 21, 2008 owing to Samsung Slush funds scandal, but returned on March 24, 2010. Lee has a degree in economics from Waseda University in Tokyo and attended an MBA course at George Washington University in the United States in 1966 without earning a degree. He speaks Korean, English, and Japanese. In 1996, Lee became a member of the International Olympic Committee. With an estimated net worth of $7.4 billion, he and his family rank among the Forbes richest people in the world. He is the third son of Samsung Group founder Lee Byung-chull.

On January 14, 2008, Lee's home and office were raided by the Korean police for an ongoing probe into accusations that Samsung is responsible for a slush fund used to bribe influential prosecutors, judges, and political figures in South Korea. After the second round of questioning by the South Korean prosecutors which occurred on April 11, 2008, Lee was quoted by reporters saying "I am responsible for everything. I will assume full moral and legal responsibility.” This is unlike his statement during his first summon on April 4, 2008 in which he bluntly denied allegations against him for his role in the Samsung Slush Funds scandal. It is believed that Lee is looking for resignation as the CEO of Samsung. On April 21, he officially resigned, and stated: "We, including myself, have caused troubles to the nation with the special probe; I deeply apologise for that, and I'll take full responsibility for everything, both legally and morally."

On July 16, 2008, The New York Times reported that the Seoul Central District Court found him guilty on charges of financial wrongdoing and tax evasion. Prosecutors requested that Lee be sentenced to seven years in prison and fined $347 million. The court fined him $109 million and sentenced him to 3 years suspended jail time. Lee has not responded to the verdict.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Lee Kun-hee."
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