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Lee Jae-yong (businessman)
Lee Jae-yong (; born 23 June 1968), known professionally in the West as Jay Y. Lee, is a South Korean business magnate and the chairman of Samsung Electronics. He is the only son of Hong Ra-hee and Lee Kun-hee, chairman of Samsung until his death in 2020, and is his father's successor. Lee is fluent in his native Korean, English, and Japanese. As of September 2021, Lee is estimated to be worth US$11 billion, making him the fourth-wealthiest person in South Korea. In January 2021, Lee was sidelined from taking part in major Samsung business dealings after he resumed serving a prison sentence for a bribery and embezzlement conviction. He was pardoned in August 2022 and will be reinstated at his position at Samsung. In October 2022, it was announced that Lee was appointed as the executive chairman. In 2014, Lee was named the world's 35th most powerful person and the most powerful Korean by Forbes Magazine's List of The World's Most Powerful People along with his father. Personal ...
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Yongsan, Seoul
Yongsan District (, ) is one of the 25 districts of Seoul, South Korea. Yongsan has a population of 231,685 (2020) and has a geographic area of , and is divided into 19 '' dong'' (administrative neighborhoods). Yongsan is located in central Seoul on the northern bank of the Han River, bordering the city districts of Jung to the north, Mapo to the west, Yeongdeungpo and Dongjak to the southwest, Seocho and Gangnam District to the southeast, and Seongdong to the east. Description Yongsan District is a district in central Seoul, South Korea. It sits to the north of the Han River and is part of the '' Seongjeosimni'' (Outer old Seoul) area immediately south of Seoul's historic center in Jung district on the southern side of Namsan. It is home to roughly 250,000 people and is divided into 20 dong, or neighborhoods. Notable locations in Yongsan District include Yongsan Station, the sprawling Yongsan Electronics Market, Haebangchon and the Itaewon commercial district. Itaewon i ...
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Samsung
The Samsung Group (or simply Samsung) ( ko, 삼성 ) is a South Korean multinational manufacturing conglomerate headquartered in Samsung Town, Seoul, South Korea. It comprises numerous affiliated businesses, most of them united under the ''Samsung'' brand, and is the largest South Korean (business conglomerate). Samsung has the eighth highest global brand value. Samsung was founded by Lee Byung-chul in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities, and retail. Samsung entered the electronics industry in the late 1960s and the construction and shipbuilding industries in the mid-1970s; these areas would drive its subsequent growth. Following Lee's death in 1987, Samsung was separated into five business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group, and JoongAng Group. Notable Samsung industrial affiliates include Samsung Electronics (the wor ...
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Supreme Court Of South Korea
The judiciary of South Korea ( ko, 대한민국 사법부, 대한민국의 사법기관) is judicial branch ( ko, 사법부) of South Korean central government, established by Chapter 5 and 6 of the Constitution of South Korea. * Under the Chapter 5 of constitution, ordinary courts on all cases except matters of Constitutional review, and military courts as extraordinary court on matters of military justice are defined. And these ordinary courts and military courts shall have Supreme Court of Korea as their highest court. Generally, ordinary courts have three-level hierarchy and constituted by independent Judges, fourteen Supreme Court Justices by statute and one Chief Justice of Supreme court among Justices. Yet military courts are organized only in first instance of three-level hierarchy at peacetime, and their final appellate always falls on jurisdiction of the Supreme Court even in wartime. * Under the Chapter 6 of constitution, Constitutional Court of Korea is defined as ...
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Chaebol
A chaebol (, ; ) is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group whose power over the group often exceeds legal authority. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972. Chaebols have also played a significant role in South Korean politics. In 1988, a member of a chaebol family, Chung Mong-joon, president of Hyundai Heavy Industries, successfully ran for the National Assembly of South Korea. Other business leaders were also chosen to be members of the National Assembly through proportional representation. Hyundai has made efforts in the thawing of North Korean relations, despite some controversy. Many South Korean family-run chaebols have been criticized for low dividend payouts and other governance practices that favor controlling shareho ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Judiciary Of South Korea
The judiciary of South Korea ( ko, 대한민국 사법부, 대한민국의 사법기관) is judicial branch ( ko, 사법부) of South Korean central government, established by Chapter 5 and 6 of the Constitution of South Korea. * Under the Chapter 5 of constitution, ordinary courts on all cases except matters of Constitutional review, and military courts as extraordinary court on matters of military justice are defined. And these ordinary courts and military courts shall have Supreme Court of Korea as their highest court. Generally, ordinary courts have three-level hierarchy and constituted by independent Judges, fourteen Supreme Court Justices by statute and one Chief Justice of Supreme court among Justices. Yet military courts are organized only in first instance of three-level hierarchy at peacetime, and their final appellate always falls on jurisdiction of the Supreme Court even in wartime. * Under the Chapter 6 of constitution, Constitutional Court of Korea is defined as ...
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Arrest Warrant
An arrest warrant is a warrant issued by a judge or magistrate on behalf of the state, which authorizes the arrest and detention of an individual, or the search and seizure of an individual's property. Canada Arrest warrants are issued by a judge or justice of the peace under the Criminal Code. Once the warrant has been issued, section 29 of the code requires that the arresting officer must give notice to the accused of the existence of the warrant, the reason for it, and produce it if requested, if it is feasible to do so. Czech Republic Czech courts may issue an arrest warrant when it is not achievable to summon or bring in for questioning a charged person and at the same time there is a reason for detention (i.e. concern that the charged person would either flee, interfere with the proceedings or continue criminal activity, see Remand in the Czech Republic). The arrest warrant includes: * identification of the charged person * brief description of the act, for which the ...
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Choi Soon-sil
Choi Soon-sil (; born June 23, 1956) is an individual known primarily for her involvement in the 2016 South Korean political scandal, which stemmed from her influence over the 11th President of South Korea, Park Geun-hye. Biography Choi Soon-sil was born on June 23, 1956 as the fifth daughter in her family. Choi's father is Choi Tae-min, who was the leader of a cult combining various elements of Buddhism, Christianity, and traditional Korean Shamanism. Her mother is Im Sun-yi. She is alleged to have founded the " Eight Fairies" group associated with the impeachment of President Park Geun-hye. She claimed to have entered Dankook University in 1975. However, upon later research it was discovered that she was only auditing classes. She was married to Kim Young-ho from 1982 to 1986 and they had a son in 1983. She was then married to Chung Yoon-hoi from 1995 to 2014, and they had a daughter in 1996, dressage athlete Chung Yoo-ra. Chung Yoon-hoi had served as secretary to Choi Soon- ...
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Impeachment Of Park Geun-hye
The impeachment of Park Geun-hye, President of South Korea, was the culmination of a political scandal involving interventions to the presidency from her aide, Choi Soon-sil. The impeachment vote took place on 9 December 2016, with 234 members of the 300-member National Assembly voting in favour of the impeachment and temporary suspension of Park Geun-hye's presidential powers and duties. This exceeded the required two-thirds threshold in the National Assembly and, although the vote was by secret ballot, the results indicated that more than half of the 128 lawmakers in Park's party Saenuri had supported her impeachment. Thus, Hwang Kyo-ahn, then Prime Minister of South Korea, became Acting President while the Constitutional Court of Korea was due to determine whether to accept the impeachment. The court upheld the impeachment in a unanimous 8–0 decision on 10 March 2017, removing Park from office. The regularly scheduled presidential election was advanced to 9 May 2017, and ...
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Special Prosecutor
In the United States, a special counsel (formerly called special prosecutor or independent counsel) is a lawyer appointed to investigate, and potentially prosecute, a particular case of suspected wrongdoing for which a conflict of interest exists for the usual prosecuting authority. Other jurisdictions have similar systems. For example, the investigation of an allegation against a sitting president or attorney general might be handled by a special prosecutor rather than by an ordinary prosecutor who would otherwise be in the position of investigating their own superior. Special prosecutors also have handled investigations into those connected to the government but not in a position of direct authority over the Justice Department's prosecutors, such as cabinet secretaries or election campaigns. While the most prominent special prosecutors have been those appointed since the 1870s to investigate presidents and those connected to them, the term can also be used to refer to any pro ...
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Samsung SDS
Samsung SDS Co., Ltd. (formerly Samsung Data Systems; ), established in 1985 as a subsidiary of Samsung Group, is a provider of information technology (IT) services, including consulting services, technical services, and outsourcing services. SDS is also active in research and development of emerging IT technologies such as artificial intelligence (AI), blockchain, Internet of things (IoT) and engineering outsourcing. In 2019, Samsung SDS reported a net profit of 750.4 billion won ($635 million), an increase of 17.5 percent year-on-year. The company is estimated to have the 11th most valuable brand among global IT service companies, at US$3.7 billion as of January 2020. Samsung SDS has headquarters in South Korea and eight overseas subsidiaries, in America, Asia-Pacific, China, Europe, Latin America, Middle East, India, and Vietnam. History Samsung SDS was established in 1985 as Samsung Data Systems, and was renamed Samsung SDS in 1997. The company was established to provide IC ...
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