Samsung Bribery Scandal Threatens South Korea Success Story
On the other hand, the economy is so heavily dependent on chaebol
that people fear that shaking them too much might make them collapse." "South Korean people," he added, "have never had a chance to learn how a modern globalized company should be run." Jay Y. Lee’s father, Lee Kun-hee, became Samsung’s chairman after his father, Lee Byung-chull, died in 1987.
According to prosecutors, Mr. Lee met with South Korea’s president, Park Geun-hye,
three times in an effort to cement the deal and smooth Mr. Lee’s rise to power.
Jay Y. Lee,
Samsung’s vice chairman,
became its de facto leader in
2014 after Lee Kun-hee, his
father and the company’s
chairman, fell ill. Lee
Kun-hee was convicted of
corruption charges twice,
and pardoned.