World | Other World Stories

Samsung chairman Lee Kun-hee resigns

Samsung Group chairman Lee Kun-hee has resigned amid corruption scandal involving a multi-billion dollar slush fund.

  • Agencies
  • Published: 08:19 April 22, 2008
  • Gulf News

Seoul: Samsung Group chairman Lee Kun-hee has resigned amid a corruption scandal involving a multi-billion dollar slush fund to bribe judges and officials.

Lee was indicted for tax evasion and breach of trust, following a three-month investigation into corruption charges.

There is no indication of who might replace Lee, who made his announcement at a nationally televised press conference.

"I have decided to resign from the post of chairman," he said, apologising for having "caused troubles to the nation with the special probe."

Samsung has said it would outline plans for reform this week.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from World

Gulf News
Popular in World

More from world

News Editor's choice