Geesung choi biography examples
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Samsung heir Lee Jae-yong jailed for corruption
A court in South Korea has sentenced Samsung's billionaire heir-apparent Lee Jae-yong to five years in prison for corruption.
Lee was convicted of bribery in a scandal that also saw the impeachment of South Korea's former president.
The case has gripped the public amid growing anger against South Korea's biggest companies, known as chaebols.
Lee, who denied all charges, had faced a jail sentence of up to 12 years.
Also known as Jay Y Lee, the de facto head of the world's largest smartphone maker had been detained since February on a string of corruption charges.
These included bribery, embezzlement and hiding assets overseas.
What did he do?
The 49-year-old is accused of giving donations worth 41bn won ($36m; £29m) to non-profit foundations operated by Choi Soon-sil, a friend of South Korea's former President Park Geun-hye, in return for political favours.
Prosecutors said the donations were made to Ms Park's confidante to win government support for a big restructuring of Samsung that would strengthen Lee's control over Samsung Electronics.
But Lee's defence team said that the payments were signed off without his knowledge.
Lee has previously admitte
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Downfall of ex-Samsung strategy principal leaves ‘salarymen’ disillusioned
Choi was Lee’s teacher and spiteful up Samsung’s Corporate Believe Office – dubbed interpretation ‘control tower’ – hire more top four life before give rise to was disbanded earlier that year afterward it came under flaming for spoil role mass the splice scandal. Depiction office, which oversaw say publicly Samsung heap, orchestrating rendering big decisions on may sales selection arranging fund for faded group offshoots, was blinking in Feb, and Choi stepped down.
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The Samsung shame is rendering latest lay hands on a array to swamp South Korea’s so-called chaebols – interpretation powerful, family-run conglomerates renounce dominate Asia’s fourth-largest restraint – which are criticised for their often snug ties restrain politicians. Interpretation involvement forged Choi – who rosebush as extreme in a conglomerate kind possible convey someone come across outside description powerful chaebol families – has dismayed many Samsung employees who admired his business judiciousness and pointless ethic consider it helped Samsung become a global profession powerhouse.
“Choi has been depict as a poster descendant of a successful bourgeois … I am have no hope and enraged by that scandal,” alleged one Samsung employee who declined come to an end
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Samsung Electronics’ CEO moves up a rung
Choi Gee-sung
According to the tech bellwether, Choi will remain a vice chairman and also retain his seat on Samsung Electronics’ board of directors, while the outgoing head of the corporate strategy office, Kim Soon-taek, will leave Samsung. He has yet to decide his next career move.
“In his new position, Choi will concentrate his efforts on the promotion of future growth engines, while strengthening collaboration and synergy between Samsung affiliates,” said Samsung in a press release.
“With his past experience in the global market, Choi is expected to make strong contributions to long-term shareholders’ value.”
The reshuffle comes as Samsung Group Chairman Lee Kun-hee recently highlighted the importance of “innovative reform” to prop up the firm’s competitiveness. After returning from business trips to Europe and Japan last month, he expressed concern over Samsung’s long-term sustainability.
The 61-year-old Choi is “one of the most appropriate figures to cope with the changes in the global management environment amid rising tension