Reuters (October 25)
“Lee Kun-hee leaves behind an impressive, albeit deeply flawed, empire. The Samsung chairman, who transformed his father’s noodle-trading business into a $355 billion smartphone and chipmaking colossus, has died at 78. The second-generation leader’s mark on Korea Inc will endure, but so do scandals that threaten the family’s grip on power.”
Tags: Chairman, Chipmaking, Colossus, Died, Empire, Flawed, Impressive, Korea Inc, Lee, Noodle, Samsung, Smartphone, Transformed
Wall Street Journal (July 20)
“The Lee family that controls the Samsung conglomerate won its showdown with minority shareholders on Friday, but the vote still represents a watershed for corporate governance in the world’s 14th-largest economy. Though Samsung won, the bell is tolling for South Korea’s chaebol system of corporate control.” The shareholder fight marked “a step forward for corporate reform in Asia” where “a new shareholder class has been mobilized.”
Tags: Asia, Chaebol, Conglomerate, Corporate governance, Lee, Minority shareholders, Samsung, South Korea, Watershed
