Li Zairong, vice president of Samsung Electronics, apologized to the people for letting their children "take over"
China News Service, Seoul, May 6 (Reporter Zeng Nai) South Korea ’s Samsung Electronics Vice Chairman and Group ’s actual controller Lee Jae-yong apologized to all citizens on the company ’s operation and other issues, saying there are no plans to hand over the company ’s management rights to their children inherit.
Li Zairong was born in 1968 and is the only son of Samsung Group President Li Jianxi. After Li Jianxi was admitted to the hospital in 2014, Li Zairong became the actual controller of the group. Lee Jae-yong was given a suspended sentence due to the involvement of South Korea ’s then-president Park Geun-hye ’s “confidential administration”; in 2019, the South Korean Supreme Court demanded that the case be re-examined.
Recently, Samsung Group executives' involvement in the succession issue and company management have caused controversy. The Samsung Compliance Supervision Committee, composed of external experts, asked Li Zairong to apologize publicly.
On the 6th, Li Zairong read an apology statement at Samsung's headquarters in Seoul, saying that the company failed to strictly abide by the legal and ethical bottom line, nor did it communicate well with the society, and apologized to all the citizens. "Everything is my fault."
Li Zairong said that many problems are caused by the succession of the company. From now on, there will be no controversy caused by the issue of the heir, and there is no plan to hand over the company's management rights to the children.
Talking about company management, he said that he would listen to diversified voices and protect employees' rights and interests.
During the 2015 epidemic of the Middle East Respiratory Syndrome, Li Zairong publicly apologized to the public for the large-scale spread of the epidemic due to poor management at Samsung Seoul Hospital. (Finish)