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Pursuit of Samsung Heir Over Bribery Threatens to Destabilize Company
- South Korean prosecutors sought an arrest warrant for the heir to Samsung, the country's biggest business empire, Monday on bribery and embezzlement allegations.The WSJ takes a look at who Lee Jae-yong is and how he got here.SEOUL—Prosecutors' decision to seek the arrest of Samsung Group heir Lee Jae-yong on suspicion of bribery, embezzlement and perjury linked to South Korea's president threatens to knock one of the world's biggest companies off course—just as its scion was trying to chart a new path for the conglomerate.The move, announced Monday, strikes at the country's corporate champion, a group that includes the world's largest smartphone maker,...
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Seoul Court Rejects Arrest of Samsung Heir Lee
- Netflix's Decade of Streaming33:36 - It's now been 10 years since Netflix made its most important strategic shift away from mail-in DVDs and into Internet streaming.Bloomberg's Kaitlin Meehan looks back at the company's evolution.(Source: Bloomberg)
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Samsung Heir Won't Be Arrested on Bribery Charges
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Samsung Heir Faces Arrest In Presidential Corruption Scandal
- The vice chairman and billionaire heir apparent of Samsung, Jay Y. Lee, is the latest high-profile figure to be implicated in the presidential corruption scandal that has rocked South Korea.Prosecutors there claim Lee gave 43 billion won ($36 million) in bribes to President Gun-Hye Park and her close advisor, Soon-sil Choi.The money allegedly came in the form of donations to Choi's non-profit foundations in an effort to curry favor with the government and help consolidate his family's control over Samsung.The Central District Court of Seoul is now deciding whether or not to issue the warrant, which would make Lee the first executive in the country to be arrested because of the scandal.
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