Samsung heir Lee apologises over succession, won’t hand control to children

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SEOUL (Reuters) – Samsung Group heir Jay Y. Lee, embroiled in a bribery scandal, on Wednesday made a rare apology over controversial succession plans and said he will not hand over management rights to his children at the family-controlled conglomerate.

Samsung Electronics Vice Chairman, Jay Y. Lee, speaks during a news conference at a company’s office building in Seoul, South Korea, May 6, 2020. REUTERS/Kim Hong-Ji/Pool

His first public statement in five years came after the Supreme Court in August overturned an appeals court ruling on the bribery case, raising the possibility of a tougher sentence and potential return to

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Samsung heir Lee apologises over succession, labour controversy

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Samsung Electronics Vice Chairman, Jay Y. Lee, speaks during a news conference at a company’s office building in Seoul, South Korea, May 6, 2020. REUTERS/Kim Hong-Ji/Pool

SEOUL (Reuters) – Samsung Group heir Jay Y. Lee, embroiled in a bribery scandal, on Wednesday apologised over controversial succession plans and said he will not hand over management rights to his children at the family-controlled conglomerate.

The 51-year-old Lee expressed regret for the group’s failure to strictly abide by the law and ethics, in his first news conference in five years.

The vice chairman of Samsung Electronics has been embroiled in a bribery

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Lululemon apologises after staffer offends with ‘bat fried rice’ T-shirt

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HONG KONG (Reuters) – U.S. exercise apparel brand Lululemon (LULU.O) issued statements on Tuesday apologising for, and distancing itself from, a T-shirt design promoted by one of its art directors that triggered outrage and accusations of racism online.

FILE PHOTO: A sign for a Lululemon retail shop is reflected in the store’s window at a shopping mall in San Diego, California, U.S. December 19, 2018. REUTERS/Mike Blake/File Photo

The hashtag “Lululemon insults China” was viewed 204 million times on China’s Weibo platform by Tuesday afternoon, with some commentators demanding a boycott of the brand.

The furore started on

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