Samsung Group says dismantling corporate strategy office


  • World
  • Tuesday, 28 Feb 2017

SEOUL (Reuters) - South Korea's Samsung Group [SAGR.UL] on Tuesday said it has dismantled its corporate strategy office, the nerve centre of operations for the sprawling conglomerate, following its chief's arrest amid a graft scandal that could bring down President Park Geun-hye.

Samsung, in a statement, said top group executives including Vice Chairman Choi Gee-sung and President Chang Choong-ki had resigned and that its affiliates would manage themselves independently through cooperation between individual firms' chief executives and the boards of directors.

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