South Korea Seeks Arrest Of Samsung Scion

Lee Jae-yong, the 48-year-old vice chairman at Samsung Electronics, faces allegations of embezzlement, of lying under oath during a parliamentary hearing and of offering a bribe of 43 billion won ($36 million) to a long-time friend of impeached President Park Geun-hye, according to Lee Kyu-chul, a spokesman for a special prosecutors’ team investigating the political scandal.

Samsung Promotes Chairman’s Son To President

SEOUL, South Korea (AP) – A scion of the family that founded the sprawling Samsung conglomerate has been promoted to president at the flagship electronics business, sending its shares to a record high. The elevation of Lee Jae-yong, 42, from executive vice president at Samsung Electronics Co. comes after his father, the company’s chairman, last […]