Jay Y. Lee

Samsung Heir Charged With Bribery, Embezzlement in Corruption Scandal

It’s been a rough few months for Samsung: Last year’s exploding phone debacle was followed by scion Lee Jae-yong’s apparent involvement in the growing corruption scandal surrounding South Korean President Park Geun-hye. [caption id="attachment_199283" align="aligncenter" width="808"] Source: AFP PHOTO / YONHAP / Getty Images[/caption] Now, as the company struggles to bounce back with the introduction of...

Samsung Boss Faces Arrest in Alleged $48M Bribery Scandal

South Korea’s independent counsel is seeking an arrest warrant for Jay Y. Lee, Samsung’s Vice Chairman and heir apparent, for handing over around 43 billion won (almost $48 million CAD) to President Park Geun-Hye’s confidant Choi Soon-Sil in exchange for business favors and perjury for having denied the allegation during parliamentary testimony held in December […]