Samsung chairman to continue role despite indictment on anti-union charges

Lee Sang-hoon, who has led the board since March, is not related to the founding family

Samsung
The logo of Samsung Electronics is seen at its office building in Seoul | Photo: Reuters
Reuters Seoul
Last Updated : Sep 28 2018 | 10:25 AM IST

Samsung Electronics Co Ltd's said on Friday its chairman of the board, Lee Sang-hoon, will continue in his role despite an indictment for allegedly sabotaging labour union activities.

Seoul prosecutors have accused Lee of involvement in a company-wide operation to dismantle a union at Samsung's after-service unit between 2013 and 2016 when he was chief finance officer.

The indictment of Lee and other company officials on Thursday is another headache for the tech giant whose vice chairman Jay Y. Lee, the heir to the Samsung Group, is appealing a conviction for bribery in a scandal that led to the impeachment of South Korea's former president.

Lee Sang-hoon, who has led the board since March, is not related to the founding family.

"His status remains unchanged," a company spokeswoman said.

Ra Doo-shik, who leads a union representing more than 1,000 workers at Samsung Electronics Service, said on Friday that the indictment was encouraging.

"We are hoping that upcoming court proceedings will reveal the true picture," Ra told Reuters.

Jay Y. Lee, the de facto leader of the South Korea's biggest conglomerate, was released on a suspended sentence in February after spending nearly a year in jail. He initially received a five-year term but a higher court later reduced that by half and suspended the sentence.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 28 2018 | 8:32 AM IST

Next Story