Death of Lee Kun-hee fuels hope for reboot at Samsung
But his son, Jay Y Lee, is in two trials for alleged accounting fraud and stock price manipulation, and for his role in a bribery scandal that triggered the impeachment of Park Geun-hye
26 October 2020 - 10:24
Seoul — Shares in Samsung Electronics and affiliates rose on Monday after the death a day earlier of chair Lee Kun-hee sparked the hope for stake sales, higher dividends and long-awaited restructuring, analysts said.
Investors are betting that the imperatives of maintaining Lee family control and paying inheritance tax — estimated at about 10-trillion won ($8.9bn) for listed stockholdings alone — will be the catalyst for change, though analysts are divided on what form that change will take...
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