Samsung appeals against illicit gain

Oct 11, 2005

Samsung appealed Tuesday a ruling that its chairman was involved in a deal to transfer control of the company from father to son.

The South Korean electronic giant's Chairman Lee Kun-hee has been accused of buying bonds at prices lower than market value. The government is arguing that the deal increased the chairman's son Lee Jae-yong's shareholding in the company, as well as allowing him to make considerable profits illegally.

Hur Tae-hak, a former Samsung executive, was found guilty of initiating the transaction last week.

Copyright 2005 by United Press International

Explore further: Dubai plans to build 3-D printed office building

Related Stories

As Samsung falters, mysterious scion in the wings

Nov 05, 2014

As Samsung's smartphone business suffers a dizzying decline, another issue is vexing investors. Command of one of the world's most valuable consumer brands will eventually pass to the son of its ailing patriarch ...

When to teach children about violent extremism

Mar 06, 2014

Dealing with the rise of homegrown terrorism has prompted governments to take novel approaches in combating such threats. The UK government, for example, has recently pushed for schools to teach children as young as four about the dangers of violent extremis ...

Samsung to create new office for group affairs

Nov 19, 2010

(AP) -- Samsung will create a new organization to coordinate the group's sprawling businesses after a previous one was closed in 2008 amid a corruption scandal that rocked the massive conglomerate.

Recommended for you

Dubai plans to build 3-D printed office building

11 minutes ago

The United Arab Emirates says the Gulf commercial hub of Dubai will soon add the world's first office building made using three-dimensional printer technology to its collection of eye-catching buildings.

New capability takes sensor fabrication to a new level

1 hour ago

Operators must continually monitor conditions in power plants to assure they are operating safely and efficiently. Researchers on the Sensors and Controls Team at DOE's National Energy Technology Laboratory ...

New approach to online compatibility

1 hour ago

Many of the online social networks match users with each other based on common keywords and assumed shared interests based on their activity. A new approach that could help users find new friends and contacts with a greater ...

Smart phones spot tired drivers

2 hours ago

An electronic accelerometer of the kind found in most smart phones that let the device determine its orientation and respond to movement, could also be used to save lives on our roads, according to research ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.