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Jay Y. Lee

Judge Sends Samsung CEO Back to Prison for 2½ Years

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Samsung vice chairman Jay Y. Lee
[Photo: AP]

Who Will Run the Company with Lee Incarcerated?

On Monday, Samsung Electronics Vice Chairman Lee Jae-yong – also known as JY Lee, J. Y. Lee or Jay Y. Lee – was sentenced to 2½ years in prison for his role in a bribery and embezzlement scheme to influence the President of South Korea in order to increase his share and power in the company. This development is big news in Korea. Samsung Electronics, part of the Samsung family of companies that is the largest conglomerate in South Korea, by itself represents almost 20% of the entire value of all exports from Korea.

See this sensational Samsung…ah…stuff!

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Bad Heir Day – Prosecutors Demand 12-Years of Hard Time for Billionaire Samsung Heir

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Samsung's Vice Chairman LeeSouth Korea is buzzing at the news that prosecutors have demanded no less than a 12-year prison term for Samsung’s billionaire heir, Jay Y. Lee. Lee is accused of attempting to solidify his total control of the massive company through a sketchy scheme that included bribing the South Korean President, Park Geun-hye.

See more on these shocking revelations that may lead to problems for Samsung… [Read more…] about Bad Heir Day – Prosecutors Demand 12-Years of Hard Time for Billionaire Samsung Heir

With Company Leader Incapacitated and Heir-Apparent Arrested: Who’s In Charge at Samsung?

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Samsung's Vice Chairman LeeAfter several years of non-stop success, Samsung has had a bit of a tough run lately. From exploding smartphone batteries to self-destructing washing machines to the arrest of the company’s Vice Chairman and heir-apparant…it’s been a challenging time, to say the least. But with the company Chairman Lee Kun-hee incapacitated due to failing health and his son, the Vice Chairman, now in police custody – the company’s biggest problem is a lack of leadership at the helm.

See how Samsung is addressing their leadership gap as a result of recent police action… [Read more…] about With Company Leader Incapacitated and Heir-Apparent Arrested: Who’s In Charge at Samsung?

Prosecutors Make Their Case to Jail Head of Samsung

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REUTERS/Kim Hong-Ji
REUTERS/Kim Hong-Ji

Judge Questions Jay Y. Lee in Arrest Warrant Hearing

In a case that has been percolating for weeks but has now come to a boil, special prosecutors in South Korea have gone before a judge to obtain a warrant for the arrest of Samsung Group leader, Jay Y, Lee. Summoned by the court to testify, Lee answered questions in a closed-door session at the court, held today. Lee denied he or his company participated in any wrongdoing.

The judge’s decision is expected very soon.

See more on the legal troubles that Samsung now finds themselves in… [Read more…] about Prosecutors Make Their Case to Jail Head of Samsung

Samsung Chairman Named as Suspect by Prosecutors in Political Probe

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Samsung logoAfter a tough 2016, Samsung was likely looking for a little relief in 2017. They’ll have to keep looking because, as the old saying goes, “When it rains, it pours.” Reuters is reporting that prosecutors in South Korea have summoned Samsung Group leader Jay Y. Lee for questioning in a probe into an influence peddling scheme that may topple the president of the country and offer criminal indictments for some of the players.

Lee has been named as a suspect in the matter.

See more on this widening scandal and the risk to Samsung… [Read more…] about Samsung Chairman Named as Suspect by Prosecutors in Political Probe