Business

Samsung chairman jailed for union-busting activities offers to resign

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SEOUL (REUTERS) – Samsung Electronics said on Friday (Feb 14) that board chairman Lee Sang-hoon, who was sentenced to jail in December for sabotaging union activities, had offered to resign, without elaborating on a reason.

In a statement, the company said the board planned to appoint a new chairman in the near future. The move comes as Samsung is expected to hold a shareholders' meeting in March.

As board chairman, Lee made decisions regarding major business execution while overseeing management activities, according to its regulatory filing.

Samsung Group heir Jay Y Lee is facing trial on charges that he bribRead More – Source