All articles tagged with #chaebol
Samsung's controlling family completed a 12 trillion won inheritance tax payment—the largest in South Korea's history—in six installments over five years, tied to the estate of late chairman Lee Kun-hee; the family is worth more than $45bn.
Lee Jae-yong, the chairman of Samsung Electronics, has been acquitted by a South Korean court on charges of stock price manipulation and accounting fraud, related to a merger that helped him secure control of the nation’s largest company. The court cited insufficient evidence to prove the prosecutors’ charges, and Mr. Lee, South Korea’s wealthiest individual, has denied any wrongdoing. The case has raised questions about the power of chaebol leaders and the legal system holding them to account in South Korea.