{"id":1069435,"date":"2022-10-27T13:11:06","date_gmt":"2022-10-27T17:11:06","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1069435"},"modified":"2022-10-27T13:11:06","modified_gmt":"2022-10-27T17:11:06","slug":"fresh-off-of-parole-samsung-heir-ascends-to-chairman-of-the-company","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1069435","title":{"rendered":"Fresh off of parole, Samsung heir ascends to chairman of the company"},"content":{"rendered":"<div id=\"rss-wrap\">\n<figure class=\"intro-image intro-left\">\n  <img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2022\/10\/Jay-Y-Lee-800x533-1.jpg\" alt=\"Jay Y. Lee leaves court following the bribery scandal verdict in August 2017.\" \/><\/p>\n<p class=\"caption\" style=\"font-size:0.8em\"><a href=\"https:\/\/cdn.arstechnica.net\/wp-content\/uploads\/2022\/10\/Jay-Y-Lee.jpg\" class=\"enlarge-link\" data-height=\"2800\" data-width=\"4200\">Enlarge<\/a> <span class=\"sep\">\/<\/span> Jay Y. Lee leaves court following the bribery scandal verdict in August 2017. (credit: Seung-il Ryu\/NurPhoto via Getty Images)<\/p>\n<\/figure>\n<div><a name=\"page-1\" \/><\/div>\n<p>Samsung Electronics <a href=\"https:\/\/news.samsung.com\/global\/jay-y-lee-appointed-samsung-electronics-executive-chairman\">officially<\/a> has a new executive chairman. The heir to the Samsung empire, Lee Jae-yong (aka Jay Y. Lee), ascended to the throne of the world&#8217;s biggest chipmaker on Thursday. Samsung announced the move alongside its <a href=\"https:\/\/news.samsung.com\/global\/samsung-electronics-announces-third-quarter-2022-results\">Q3 2022 earnings report<\/a>, which it probably hopes will distract from the 23 percent drop in profits compared to the previous quarter.<\/p>\n<p>Lee has been the de-facto leader of Samsung for several years now, so his appointment is mostly a formality. The former Samsung chairman and Lee&#8217;s father, Lee Kun-hee, died in 2020, but before that he was incapacitated for years following a 2014 heart attack. Lee&#8217;s ascension to chairman has always been expected, but it has been delayed due to Lee&#8217;s numerous legal issues.<\/p>\n<p>If you ever want a wild reading topic, look up &#8220;<a href=\"https:\/\/en.wikipedia.org\/wiki\/2016_South_Korean_political_scandal\">Choi-gate<\/a>,&#8221; a South Korean political scandal involving bribes paid to Choi Soon-sil, a &#8220;shamanistic cult member,&#8221;\u00a0who had Rasputin-like influence over South Korea&#8217;s then-president, Park Geun-hye. Lee&#8217;s role in the scandal involved bribing Choi to convince President Park to approve a merger of two Samsung Group affiliates. Lee was originally sentenced to five years in jail, while Park was impeached and removed from office.\u00a0(Samsung&#8217;s ruling family is so full of drama that NBC <a href=\"https:\/\/arstechnica.com\/gaming\/2017\/11\/theres-been-so-much-behind-the-scenes-samsung-drama-nbc-may-make-a-tv-series\/\">once considered<\/a>\u00a0basing a TV drama series on them. You can see why!)<\/p>\n<\/div>\n<p><a href=\"https:\/\/arstechnica.com\/?p=1893236#p3\">Read 3 remaining paragraphs<\/a> | <a href=\"https:\/\/arstechnica.com\/?p=1893236&amp;comments=1\">Comments<\/a><\/p>\n<p>&#013;<br \/>\n&#013;<br \/>\nSource: Ars Technica &#8211; <a href=\"https:\/\/arstechnica.com\/?p=1893236\" target=\"_blank\" rel=\"noopener\">Fresh off of parole, Samsung heir ascends to chairman of the company<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enlarge \/ Jay Y. Lee leaves court following the bribery scandal verdict in August 2017. (credit: Seung-il Ryu\/NurPhoto via Getty Images) Samsung Electronics officially has a new executive chairman. The heir to the Samsung empire, Lee Jae-yong (aka Jay Y. &hellip; <a href=\"https:\/\/www.prime-wow.com\/?p=1069435\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1069436,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[27,110],"tags":[73],"class_list":["post-1069435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ars-technica","category-unfiltered-rss","tag-ars-technica"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1069435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1069435"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1069435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/1069436"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1069435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1069435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1069435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}