Samsung heir Lee Jae-yong on Wednesday
expressed remorse but did not admit to
wrongdoing over his alleged involvement in a
2016 corruption scandal that spurred massive
street protests and sent South Korea’s then-
president to prison.
The vice chairman of Samsung Electronics, the
world’s biggest producer of computer chips
and smartphones, promised Wednesday to end
heredity transfers of control of South Korea’s
largest business group, promising not to pass
the management rights he inherited from his
father to his children.
Lee also said Samsung would stop suppressing
employee attempts to organize unions.