DEAL Galaxy S24 FE, Galaxy Watch 7. Subscribe today and be the first to learn about One 7 beta!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

News For You
News For You
Notifications

Top Samsung executives reportedly offer resignations over corruption scandal

Business
By 

Last updated: February 24th, 2017 at 10:24 UTC+01:00

It has been a tough few months for Samsung. The company has been under investigation by South Korea's special prosecutor's office as it looks into claims of Samsung giving tens of millions of dollars in bribes to win the government's support for a key merger between two of its affiliates. The prosecutor's office submitted an arrest warrant request for Samsung Electronics vice chairman and the conglomerate's heir Lee Jae-yong last week after unearthing new evidence and it was granted by the court. Lee Jae-yong has since been placed behind bars and has been questioned again.

Samsung now appears to be in damage control mode. The company today announced a series of steps that it's going to take in order to make its corporate social responsibility and financial donations more transparent. According to a report, two top executives have also offered their resignation to take responsibility for Samsung's involvement in the corruption scandal.

According to the report, Samsung Group Vice Chairman Choi Gee-sung and President Chang Choong-gi have both offered to resign and take responsibility for the conglomerate's involvement in the scandal. Both have already been identified as suspects by the country's special prosecutor in connection with the probe that led to vice chairman Lee Jae-yong's arrest last week.

The report doesn't mention if both executives have formally submitted their resignations yet or if they will remain with the conglomerate in some other capacity. Samsung has not yet commented on this report so it's unclear whether the resignations have actually been offered or not.

Via Business Lee Jae-yongSamsung Electronics
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

Samsung CEO wants employees to make desperate efforts to improve products

Samsung CEO wants employees to make desperate efforts to improve products

Samsung is in a bit of a crisis right now. While the company has been the world's biggest memory chip maker for decades, it seems to have lost its footing in high-end memory chips (HBM) used in AI accelerators and GPUs. In times like these, Samsung CEO urged employees to focus on attaining technology leadership. […]

  • By Asif Iqbal Shaik
  • 9 hours ago
Samsung’s profit jumps 72.8% in Q3 2024 despite chip struggles

Samsung’s profit jumps 72.8% in Q3 2024 despite chip struggles

Earlier today, Samsung announced its earnings for the third quarter of 2024. While the company's profits beat market expectations, its struggles in the memory chip market remain. The South Korean firm reported a consolidated revenue of KRW 79.1 trillion ($57.34 billion) and an operating profit of KRW 10.1 trillion ($7.3 billion). Samsung's net profit in […]

  • By Asif Iqbal Shaik
  • 1 day ago
Samsung’s device repair network welcomes 300+ more locations

Samsung’s device repair network welcomes 300+ more locations

Samsung's customer care network is expanding. The company announced today that its partnership with Cell Phone Repair (CPR) by Assurant, an Independent Service Provider (ISP) within Samsung's repair network, is opening more than 300 new service locations before the end of 2024. At the beginning of the year, CPR had roughly 100 locations certified by […]

  • By Mihai Matei
  • 3 days ago
Samsung goes all nostalgic for the ‘glorious Y2K era’

Samsung goes all nostalgic for the ‘glorious Y2K era’

Samsung has become nostalgic for the year 2000 and has partnered with two designers to create new accessories inspired by popular trends of the era. This new collection of accessories, designed for the Galaxy Z Flip 6 and the Galaxy Buds 3, recalls “the simpler and more fun years of our youth,” when the Internet […]

  • By Mihai Matei
  • 1 week ago
Clever trick from Samsung might fix moisture detection warnings

Clever trick from Samsung might fix moisture detection warnings

Samsung Galaxy phones and tablets boast a high level of water resistance, but the USB ports are not covered, and as everyone knows, water and electronic circuits don't go well together. To avoid water damage and keep water resistance without resorting to USB port covers, Samsung developed a clever software component that automatically detects moisture […]

  • By Mihai Matei
  • 2 weeks ago
New insight tells different story of Samsung-Apple rivalry in Q3

New insight tells different story of Samsung-Apple rivalry in Q3

Yesterday, we covered some market data for the global smartphone segment in Q3 and reported that, according to those numbers, Samsung and Apple held roughly the same market share in the third quarter of 2024. However, different analysts use different methodologies, and today, fresh insight from Counterpoint Research paints a new picture. While Canalys data […]

  • By Mihai Matei
  • 2 weeks ago