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Longest-serving chair of KCCI dies at 95


Posted : 2021-01-21 16:09
Kim Sang-haBy Park Jae-hyuk
Samyang Group Honorary Chairman Kim Sang-ha, who is also known as the longest-serving chairman of the Korea Chamber of Commerce and Industry (KCCI), died Wednesday at 95, according to the group, Thursday.
Born in Seoul as the fifth-oldest son of Samyang founder Kim Yeon-su, the late chairman joined his father s company after graduating from Seoul National University in 1949.
From the 1950s to 1960s, he directed the company s sugar refinery and synthetic fiber businesses. After he was appointed group chairman in 1996, he guided the company to focus on the packaging and biopharmaceutical businesses for its future growth. ....

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Days after Launching new Galaxy Smartphones, Samsung's Leader is Sentenced to 2.5 Years in Prison for Bribery


Days after Launching new Galaxy Smartphones, Samsung s Leader is Sentenced to 2.5 Years in Prison for Bribery
 
Last week Samsung was flying high with the introduction of new Galaxy smartphones and today, Samsung has been struck by the news that their leader, Lee Jae-yong, has been handed another 2.5 year jail sentence for Bribery.
 
The country s largest conglomerate has hit a major setback after an appellate court handed a prison sentence of two-and-a-half years to Samsung Electronics Vice Chairman Lee Jae-yong in a re-hearing of a major bribery case, Monday.
 
The court ruling puts the tech giant back into a leadership vacuum hampering major investment decisions in new businesses, which many expect will hurt the company s global competitive edge. ....

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