SEOUL – Samsung heir Lee Jae-yong on Wednesday expressed remorse but offered no clear admission of wrongdoing over his alleged involvement in a 2016 corruption scandal that spurred massive street protests and sent South Korea’s then-president to prison.
Lee also promised the heredity transfer of power and wealth at South Korea’s largest business group would end with him and he wouldn't pass the management rights he inherited from his father to his own children.
And he said he would end Samsung’s decades-long practice of suppressing employee attempts at organizing unions. Lee's remarks at a highly anticipated news conference came months after an external review of Samsung’s corporate behavior advised him to apologize over the corruption