The Korean authorities have officially acknowledged that Samsung is at the helm of Prince Li Zairong.

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 The Korean authorities have officially acknowledged that Samsung is at the helm of Prince Li Zairong.


In April 30th, the South Korean Fair Trade Commission (hereinafter referred to as FTC) held a meeting with South Korean government officials, FTC chairman Jin Shangzu (KimSang-jo) said: based on the report provided by the SamSung group and Dr. Li Jianxi, FTC found that Li Jianxi, the chairman of SamSung group, was subordinate to the Samsung Group for losing communication ability. Subsidiaries and Affiliated Companies do not have much control or are unable to control effectively. In 2014, Li Jianxi was admitted to the hospital for a sudden heart attack. So far, Li Jianxi has not yet made public appearances, and it is even doubted that he has passed away, but Samsung has denied the news in order to avoid the company. In May 1st, South Koreas FTC decided to formally list Li Zairong, Li Jianxis sole son and vice president of SamSung group as the head of SamSung group. This means that all 62 subsidiaries and Affiliated Companies of Samsung Group will be responsible for Li Zairongs mistakes. Of course, this is only an administrative decision, and will not have a substantial impact on Samsungs current regulatory structure. According to global network technology previously reported, in February 2017, Samsung Prince Li Zairong was detained, in February this year, the final penalty was sentenced to two years and six months, probation for four years, and released in court. It is understood that Li Zairong has now returned to the decision-making level to become the actual controller of the Samsung Group, especially the largest shareholder with 17.08% of Samsungs real holding company. According to the US media report, Li Zairong recently said at an executive meeting that Samsung is going to solve some of the management problems of the company from a long-term perspective. Samsung plans to substantially simplify the companys ownership structure in the next few months in order to resolve the long term criticism of Samsungs damage to the interests of small shareholders and the Li family. For this reason, Mihoshi Ko intends to sell about $1 billion of its SamsungC&TCorp holdings. The source of this article: Global Times - global network. More brilliant, please log on to World Wide Web http://www.huanqiu.com editor: Wang Zheng _NN7526 According to global network technology previously reported, in February 2017, Samsung Prince Li Zairong was detained, in February this year, the final penalty was sentenced to two years and six months, probation for four years, and released in court. It is understood that Li Zairong has now returned to the decision-making level to become the actual controller of the Samsung Group, especially the largest shareholder with 17.08% of Samsungs real holding company. According to the US media report, Li Zairong recently said at an executive meeting that Samsung is going to solve some of the management problems of the company from a long-term perspective. Samsung plans to substantially simplify the companys ownership structure in the next few months in order to resolve the long term criticism of Samsungs damage to the interests of small shareholders and the Li family. For this reason, Mihoshi Ko intends to sell about $1 billion of its SamsungC&TCorp holdings.