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Among the contents that came out today (6th), the most striking point is that Jae-Yong Lee, vice chairman, said he would not pass on management rights to his children. Vice Chairman Jae-Yong Lee has a 20-year-old son and a teenage daughter, and I'll take a look at the background that suddenly brought out these words today and whether Samsung will be able to escape from the long-standing management practices of general managers.
I'm a reporter.
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[Lee Jae-yong / Samsung Electronics Vice Chairman: A trial is underway for bribery related to succession. Many of the controversies surrounding me and Samsung originated from this problem… .] As
Jae-yong Lee vice-president diagnosed himself, Samsung's hereditary management, No. 1 in the business world, has generated social glare and criticism.
Starting from the controversy over the issuance of the Everland convertible bonds in 1996, the succession of the company focused on `` Samsung of Lee Jae-yong '' since the death of Chairman Lee Kun-hee in 2014.
In 2015, Vice Chairman Lee raised the stake in Samsung Electronics by nearly 20% due to the merger of Cheil Industries and Samsung C & T Corporation, but the alleged fraudulent accounting charges are still in the ankle.
An analysis suggests that the succession to the fourth generation required a new choice in the face of greater controversy.
[Park Joo-geun / Corporate evaluation company representative: The 4th hereditary will be very difficult given the current Korean laws and systems. (Vice Chairman Jae-Yong Lee) Succession to himself has not yet been completed, but there will be a lot of inheritance tax and huge amount of money, and social criticism ... .]
It is predicted that some companies in the business world will try to change the so-called "Valenberry family" of Sweden, which is "owned but not managed".
Through the foundation, ownership is maintained, but management is left to a professional manager.
But his father, Chairman Kun-hee Lee, also pointed out that sincerity had been exerted until he declared his resignation and returned to business, authenticity is the key.
(Video editing: Lee Seung-yeol)
Declaration of abandonment of 'Four Succession'… Samsung management succession
2020-05-06T11:36:20.351Z
The most striking thing that came out today is the vice-president Lee Jae-yong's intention not to hand over the management rights to his children. Vice Chairman Jae-Yong Lee has a 20-year-old son and a teenage daughter, and I'll take a look at the background that suddenly brought out these words today and whether Samsung will be able to escape from the long-standing management practices of general managers.
Source: sbskr