Not only Samsung but the whole nation should wake up. Otherwise we may face a chaotic situation in four to six yearsSamsung chief bugged by global competition Mar 10, 2007
We should pay attention to it, but it is not a category that suits KoreaSamsung chief bugged by global competition Mar 10, 2007
Although uncertainty lingers for this year's economic outlook in foreign exchange rates and crude oil prices, we have set up an aggressive investment plan in line with our chairman's orderS.Korea's chaebols out to break slump Jan 06, 2005
The investment is aimed at boosting capital spending and research and development activities in 2005S.Korea's chaebols out to break slump Jan 06, 2005
Legal measures are necessary to protect companies from hostile takeover bids by foreignersS.Korea concerned about takeover bids Nov 18, 2004
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.