The trial of samsungs boss continues today, adding another chapter to the scandal that has gripped south korea. And well take a sneak peek at how airlines are attracting Business Travellers to splash their cash in the skies. Good morning, asia. Hello, world. Im rico hizon for Asia Business report, glad you could join us, the era parent of samsung is going to court today in what is considered to be south careers trial of the century. Hes accused of bribing the countrys president and century. Hes accused of bribing the countrys president and in century. Hes accused of bribing the countrys president and in return for business favours. Earlier i asked Jake Saunders whether the scandal is impacting the bottom line. Close friend. If you look at the stock market, no, everything is fabulous there, it is an upward trend, looking at the revenue of samsung electronics, over the last three years it is quite flat, doing about 175 billion. Why is there a disconnect between the stock price, which has
Prices have been rocketing in china. Is that suddenly we should be concerned about . Rico hizon will make sense of that for you in a moment. But we start in seoul, where the trial of the century is getting started. The head of the biggest company, samsung, is on trialfor bribery. Samsung might be a household name, globally, but his bossis household name, globally, but his boss is not. So what we know about him . He is the boss of the company, jay y lee, but is known by south korean media as the crown prince of samsung. That is because he is the only son of the chairman, lee kun hee, who was convicted of bribery and tax evasion himself, but was pardoned. So jay y lee has been in charge since his father had a heart attack in 2014. He has been the de facto boss. So the lee family are phenomenally wealthy. You can see the figure behind me. Forbes magazine ranking them asias richest Family Last Yearfor Magazine ranking them asias richest family last year for the second year ina family last