The Chairman of Samsung Electronic Board, Lee Sang-hoon has resigned from his post after being sentenced to jail for union sabotage. He was sentenced to 18 months in jail after the court found him guilty of violating labor laws by obstructing union activities at Samsung.
Sang-hoon resigned because Samsung Group heir Lee Jae-Yong is facing a retrial over a bribery scandal that has engulfed Samsung execs and South Korea’s former president Park Geun-Hye.
This is not the only time Jae-Yong has been in trouble with the law, he was found guilty of perjury, embezzlement, and bribery in 2017 and sentenced to five years in jail. He was later released on appeal the following year.
The company must have hoped that Sang-hoon’s two-year tenure as the chairman of Samsung Electronics would shapen it in terms of transparency, but they were wrong. For a new chairman, the company said it is would announce that soon.
Despite the changes in the company, it is still struggling to move on from the past. We hope the company gets through this rough time as quickly as possible so they can keep the business going.