[Korea gimmingyeong financial newspaper News] Samsung Electronics Vice President Lee Jae-yong was arrested 17 days. Since its inception, Samsung is the total redemption is expected for the first time this reorganization also difficult financial holding company with a focus on the governance structure of Samsung Life Quality.
Samsung Life is the majority shareholder will receive a qualification from a financial holding companies during the Financial Supervisory Service Switch. Stake in Samsung Life Insurance, Samsung Group chairman Lee Kun-hee has been 20.76%, 19.34%, Samsung C & T, Samsung Foundation of Culture of 4.6%, 2.18% Samsung Life Public Foundation, Vice Chairman Lee Jae-yong holds 0.06%.
Although the majority shareholder is Lee Kun-hee, chairman of Samsung Life Insurance, the end of the work is expected to be sluggish reigns succession replaced by Vice President Lee Jae-yong.
By day, the court issued the arrest warrant by the bigger the possibility of proving bribery charges against Vice President Lee Jae-yong said the industry is looking ahead. If the Vice President Lee Jae-yong receive a prison sentence occurs shareholder disqualification.
In the case of insurance companies to deprive a majority shareholder eligible to receive more than the safe type in ordinary criminal trials. If the current Lee Jae-yong, vice president of bribery, embezzlement, perjury admit any of the charges Vice President Lee Jae-yong, Samsung Life stake inheritance takes over from Chairman Lee Kun-hee has no effect.
Samsung Life Insurance in accordance with the absence of the head is expected for the time being to move to the center of President Kim, Chang - Soo emergency management system. Grab a group presidents would discuss issues through the system to be inevitable 'respective obverse, each major subsidiary is the industry predicted.
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