Samsung Heir Lee Jae-yong Released in Surprise Decision
In suspending Lee Jae-yong’s sentence, the Seoul High Court demonstrated its independence and left the appearance that little has changed.
In suspending Lee Jae-yong’s sentence, the Seoul High Court demonstrated its independence and left the appearance that little has changed.
With the arrest of Lee Jae-yong on charges of bribery, embezzlement, perjury, and the illegal transfer of funds abroad, Samsung faces a period of uncertainty at a critical time for South Korea’s leading chaebol.
As the Choi Soon-sil scandal has unfolded over the past several months the Korean public’s dissatisfaction with major Korean conglomerates known as chaebols has become second only to Park Geun-hye herself.
“Thank you, @Samsung! We would love to have you!” Donald Trump wrote on his personal Twitter account, linking to a story about a possible plan for the tech company to build a factory for home appliances in the United States.
Whether it was the British vote to leave the European Union in June or the impeachment of the South Korean President Park Geun-hye in December, 2016 will be remembered for a series of unexpected events and the questions they have raised about how they may shape the future.
The runaway success of Kakao’s mobile messaging app can be easily seen by its near universal use in South Korea. From high school students to working professionals, three-quarters of South Korea’s 50 million residents use Kakao’s free messaging service monthly with an additional 10 million monthly users outside of South Korea.
In the aftermath of North Korea’s nuclear test, 2016 has already begun with a new crisis on the Korean peninsula.
As we look back at the events that helped to shape the Korean peninsula in 2015, it is also an opportunity to review the events we highlighted on The Peninsula in our annual 10 Issues to Watch For on The Korean Peninsula in 2015 blog and the key events that we did not predict.
The issues that will be shaping events on the Korean Peninsula in 2015.
By Chad 0’Carroll In light of a California jury ruling Friday, Samsung now looks set to have to pay Apple more than $1 billion in…