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    SAMSUNG FAMILY SUCCESSION HITS SNAG WITH CHIEF’S ARREST

    Feb 24, 2017 3 minutes

    South Korea was taken by surprise last Friday with the arrest of the scion of the country’s richest family and de-facto leader at Samsung over his alleged involvement in a massive corruption scandal that engulfed the president and riveted the nation.

    Prosecutors believe Lee Jae-yong, 48, a vice chairman at Samsung Electronics and the only son of the ailing Samsung chairman, gave bribes worth $36 million to President Park Geun-hye and her close friend to help win government support for a smooth company leadership transition, including a contentious merger

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