Friday, November 30, 2012

King of Samsung: a chairman's reign of cunning and corruption

samsung lee kun-hee

If Samsung chairman Lee Kun-hee takes a moment this weekend to reflect on the past 25 years, he could be forgiven for having mixed emotions. Tomorrow marks the quarter-century point since Lee took over from his late father, and his time in charge has seen a whirlwind acceleration in Samsung's fortunes. Under Lee's guidance, the company has been transformed from a Korean budget name into a major international force and arguably the most prominent Asian brand worldwide — Samsung's revenues are now 39 times what they were in 1987, it generates around 20 percent of South Korea's GDP, and Lee is the country's richest man.


Samsung's rise to the top has been tainted with controversy


But the company's rise to the top has been tainted with...


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via The Verge - All Posts http://www.theverge.com/2012/11/30/3709688/samsung-25-years-lee-kun-hee

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