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What does the jailing of its heir mean for Samsung?

You just need to walk down the streets of Seoul to see how entrenched Samsung is as part of Korean life. Samsung won't do badly in the short-term, despite the jailing of its heir says Geoffrey Cain, author of an upcoming book on the Samsung empire. By Karishma Vaswani BBC Aug 25, 2017

What does the jailing of its heir mean for Samsung?

By Karishma Vaswani
BBC
Aug 25, 2017 

You just need to walk down the streets of Seoul to see how entrenched Samsung is as part of Korean life.

Samsung won’t do badly in the short-term, despite the jailing of its heir says Geoffrey Cain, author of an upcoming book on the Samsung empire.

“Samsung has a decentralised ruling system of management, so Mr Lee was never really involved in the day-to-day management of the company. He was more of a guiding hand for the empire,” Mr Cain says.

Samsung itself has told me that it has three co-CEOs in place running the management team, and that it will endeavor to lead its operations without disruptions “and will find a way to minimize the impact of the legal proceedings”.

Read more about jailing of the Samsung heir and its meaning at BBC

 

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