Friday 17 February 2017

Samsung's turmoil derails plan to crown its heir apparent

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Maybe this was inevitable. 

The Friday arrest of Samsung Group Vice Chairman Lee Jae-yong was stunning, because it's not every day that the de-facto leader of a giant international corporation gets led away by police. But it was also the culmination of a shady merger that was meant to pave the way for Lee to take the corporate reins from his father, but has instead landed him in court. 

Here's how it happened. 

Bribery?

Turmoil at the head of Samsung is really just an extension of high-level turmoil that has engulfed the most powerful people in South Korea.  Read more...

More about Lee Jae Yong, South Korea, Corruption, Arrest, and Bribery

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