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South Korea

May 17, 2010

Lee Kun Hee, the second-generation chairman of Samsung Electronics, became South Korea’s richest man in terms of stock ownership after the listing of Samsung Life Insurance Co last week.

Lee Kun Hee, the second-generation chairman of Samsung Electronics, became South Korea's richest man in terms of stock ownership after the listing of Samsung Life Insurance Co last week.

Based on the closing price after the IPO, stocks owned by Lee were valued at $10.71 billion making him the country's richest man, according the Chaebul.com, a specialist website that collates information on the country's family-owned conglomerates.
 

March 24, 2010

Lee Kun Hee, the second-generation former chairman of family-controlled Samsung Group, will return to the business as chairman of Samsung Electronics after stepping down as in 2008 following a conviction for tax evasion.

Lee Kun Hee (pictured), the second-generation former chairman of family-controlled Samsung Group, will return to the business as chairman of Samsung Electronics after stepping down as in 2008 following a conviction for tax evasion. (Click here to read our coverage of the story)
 

January 4, 2010

Lee Kun Hee, the second-generation former chairman of family-controlled Samsung Group, received an official pardon last week for his conviction for tax evasion.

Lee Kun Hee, the second-generation former chairman of family-controlled Samsung Group, received an official pardon last week for his conviction for tax evasion.

The family patriarch was given a three year suspended prison sentence in July 2008 after being found guilty of tax evasion. 

December 15, 2009

Samsung Electronics Ltd, a division of South Korea’s largest conglomerate the Samsung Group, announced today third-generation Lee Jae Yong has been promoted to executive vice president and chief operating officer in a management reorganisation.

Samsung Electronics Ltd, a division of South Korea's largest conglomerate the Samsung Group, announced today third-generation Lee Jae Yong (pictured) has been promoted to executive vice president and chief operating officer in a management reorganisation.

The company also announced the promotion of Choi Gee Sung to the CEO role. In the statement released by the conglomerate this morning Choi said the new management structure was intended "to prepare for the challenges and opportunities ahead."

April 22, 2008

Less than a week after he was indicted for tax evasion, Lee Kun-hee has fallen on his sword after 20 years at the top.

Less than a week after he was indicted for tax evasion, Lee Kun-hee has fallen on his sword after 20 years at the top. In a nationally televised press conference, the second-generation Samsung chairman apologised for his wrongdoing and for the negative impact the probe could have on South Korea.

“I have decided to step down as chairman of the group,” he announced at the company’s headquarters in Seoul. “I will take all legal and moral responsibility and truly apologise to the nation.”

November 1, 2005

On November 29 Campden Publishing will host a group of 12 hedge fund managers and private investors at its Asian Hedge Fund and Boutique Managers conference. Jackson Chan of Sail Advisors, a key participant, reports on Asia’s hedge fund industry

Jackson Chan is with Sail Advisors Limited (Sail), a subsidiary of Search Investment Group, an alternative asset management firm based in Hong Kong.

On November 29 Campden Publishing will host a group of 12 hedge fund managers and private investors at its Asian Hedge Fund and Boutique Managers conference. Jackson Chan of Sail Advisors, a key participant, reports on Asia's hedge fund industry

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