Officially the board of directors of the South Korean company Samsung Electronics approved Lee Jae-yong, who served as vice president and effectively led the company, to the position of executive president. The Board noted that in the current uncertain market situation, the company needs more stability and accountability to make important decisions.
Last January, Lee Jae Young was sentenced to two years and six months in prison for corruption and embezzlement. However, in early August, the South Korean Ministry of Justice decided to do so soon release, and was released on August 13. Subsequently, Prime Minister Kim Bu Gyom himself supported public and business are demanding the return of Lee Jae-yong to the leadership of Samsung.
