Samsung’s jailed union-busting chairman steps down


All of these actions took place in 2013, when Lee Sang-hoon was Samsung’s chief financial officer. He was appointed chairman in March 2018, when Samsung split the chairman and CEO roles for the first time. The company thought that decision would increase transparency following a bribery scandal that involved Samsung heir Lee Jae-yong, better known as Jay Y. Lee in the West. The fallout of that saga is still ongoing: Jay Y. Lee is facing a retrial after bribing a public official and friend of former South Korea president Park Geun-hye. He was found guilty of perjury, embezzlement and bribery in 2017 and sentenced to five years in jail. Lee was released after 12 months, however, and given a four-year probation period instead.



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