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Samsung: the merciless universe of the Lee dynasty

2020-08-19T14:58:13.770Z


ESTATES (4/6) - A symbol of South Korean success, family domination over the 300,000-employee group may soon be a relic of the past.


Dark suit, pale face, the slender figure bowed reverently before the flashes of photographers. At the foot of the glass towers of Samsung's headquarters, in the heart of the Gangnam district, South Korea's richest heir presents his public apology on May 6, 2020. For the first time in five years, Lee Jae- yong summoned the press to take Asia's fourth largest economy as a witness. "I give my word: from now on, there will be no more controversy about the succession", launches the former student (not graduated) of Harvard, looking like an Asian Harry Potter.

Read also: South Korea: his boss behind bars, the Samsung empire is headless

The vice chairman of Samsung Electronics, the world number one in smartphones, goes further, playing a sensitive chord. “I don't intend to pass my power on to my children. This is something that I have thought about for a long time, ”he adds in the tone of confidence. The 52-year-old divorcee publicly announces the upcoming end of the extraordinary industrial line founded by his grandfather, Lee Byung-chul, in a

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Source: lefigaro

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