reforms-on-the-table-after-samsung-chairman-resigns

Reforms on the table after Samsung chairman resigns

But most expect business as usual after the groupÆs chairman is indicted for tax evasion and breach of trust.
The announcement yesterday that Samsung GroupÆs chairman Lee Kun Hee will step down after being indicted for tax evasion and breach of trust was about as dramatic a response to the latest legal wrangling involving the Lee family as KoreaÆs leading business group could have mustered.

But few Korea watchers expect his resignation to have much impact on the businesses of the 59 companies in the group, which include Samsung Electronics, a leading manufacturer of chips, flat-screen TVs and mobile phones, and credit card operator Samsung Card. One reason, they say, is that 66-year-old Lee who has been at the helm for the past 20 years is not actively involved with the day-to-day operations of...
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