Lee Jae Yong, admits Samsung has not strictly complied with laws and ethics. Lee Jae Yong, the heir of South Korea's top conglomerate Samsung Group, made a rare public apology today over wrongdoings related to his succession and vowed to scrap the group's "no labor union" policy. Lee, the eldest son of bedridden Samsung Group chief Lee Kun Hee, also said he will not hand over managerial power to his scions, Yonhap reports. "Samsung has not strictly complied with laws and ethics, and also has been inadequate in communicating with society," Lee said during a press conference at the company's headquarters in Seoul. This is the first time that Lee has made a public apology since June 2015, when he did so over a Samsung hospital's mishandling of the Middle East Respiratory Syndrome (MERS).

Source: The Standard May 06, 2020 09:45 UTC