SEOUL (Reuters) - South Korean conglomerate Samsung Group said on Monday it will disband its corporate strategy office tasked with managing long-term group-related affairs at the conclusion of the current special prosecution probe.
Jay Y. Lee, third-generation leader of the country's top conglomerate, said at a December parliament hearing he plans to disband the office but did not give a specific timeline. Samsung said in a statement the process of dismantling the office is already underway but did not elaborate further.
(Reporting by Se Young Lee; Editing by Muralikumar Anantharaman)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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