Samsung heir Lee won't hand over management rights to children


Samsung Group heir Jay Y. Lee apologised for the group's failure to strictly abide by the law and ethics and to meet public expectations, in his first news conference in five years.

SEOUL: Samsung Group heir Jay Y. Lee said on Wednesday that he will not hand over management rights to his children at the family-controlled conglomerate.

The 51-year-old Lee also apologised for the group's failure to strictly abide by the law and ethics and to meet public expectations, in his first news conference in five years.

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