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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