Published in News

Samsung chair thinks of quitting

by on14 April 2008


Corruption lamb to the slaughter

Group Chairman Lee Kun-hee might become the sacrificial lamb in the corruption scandal shaking South Korea's largest conglomerate.

Kun-hee spoke haltingly with reporters after he emerged from a second round of extensive questioning in a special probe into allegations of bribery, nepotism and a $205 million slush fund. He said he was thinking deeply of reshuffling the corporate management structure and the management lineup, including himself. Kun-hee said that he will think about resigning.

An independent counsel appointed by the government began investigating Samsung in January, spurred by allegations from a former top Samsung attorney named Kim Yong-chul. The probe is to end April 23.
Last modified on 14 April 2008
Rate this item
(0 votes)