Home / / Samsung chief resigns amid government probe

Samsung chief resigns amid government probe

Lee Kun-hee apologises and takes responsibility for ‘everything, both legally and morally’

Samsung chairman Lee Kun-hee has today announced his resignation at a televised press conference in South Korea, admitting full responsibility for ‘everything.’

Kun-hee’s decision comes less than a week after he was simultaneously charged with tax evasion and breach of trust, but cleared of allegations by a former Samsung executive that the company used a multi-million dollar slush fund to bribe government officials.

Kun-hee’s son, Lee Jae-yong, and Samsung Vice President Lee Hak-soo also resigned.

Speaking at the conference, Kun-hee said: "We, including myself, have caused troubles to the nation with the special probe. I deeply apologize for that, and I'll take full responsibility for everything, both legally and morally."

Lee Soo-bin, the chairman of Samsung Life Insurance, will be temporarily taking on representation of Samsung group while Kun-Hee’s chairman position remains unfilled. There was no indication at the press conference as to who will be filling the position in the future.

Follow us to get the most comprehensive technology news in UAE delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.