The chairman of the board of Samsung Electronics resigns after being imprisoned for sabotage by trade unions
Lee Sang-hoon, the chairman of the board of Samsung Electronics, has resigned his position just under two months after he was found guilty of sabotage by the union, Reuters reports. Lee was sentenced to 18 months’ imprisonment in December after a court ruled that he had violated labor laws by disrupting trade union activities at Samsung. The company says that a new chairman of the board will soon be appointed.
The resignation comes when the heir of the Samsung group Lee Jae-yong (better known as Jay Y. Lee in the West) is confronted with a new trial about a bribery scandal that has Samsung executives and South Korea’s former President Park Geun-hye flooded. Lee was previously found guilty of perjury, embezzlement and bribery in 2017 and sentenced to five years in prison. He was released on appeal the following year. The Chairman of the Samsung Group, Lee Kun-hee – the father of Lee Jae-yong and the son of Samsung’s founder Lee Byung-chull – is currently incapacitated for work after a heart attack he suffered in 2014. Chairman Lee has his own filthy history of convictions and grace (yes, plural) as head of South Korea’s most famous chaebol.
The company had hoped that the appointment of Lee Sang-hoon two years ago would increase transparency at the company by splitting the CEO and chief executive positions after the Lee Jae-yong corruption scandal, Reuters notes. Despite the changes, Samsung seems to be struggling to continue with its scandalous past, about which you can read everything in 2017 in our explanation.