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Samsung Group Chairman quits under pressure

April 22nd, 2008 · No Comments

Enough is apparently enough. Having been indicted for tax evasion, the Chairman of the Samsung Group, Lee Kun-hee, is to step down. He confirmed that he will quit during a televised news conference, saying: “I will step down from the Samsung chairmanship today. I am saddened as there is still much to do, but I will leave taking all the faults of the past with me.” Kun-hee also announced that Samsung Group’s heavily criticized Strategic Planning Office, will also be disbanded.

Tags: Corporate · Trade

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