Samsung shareholders welcome stock price gains, regret scandals

Five Samsung executives have been indicted on bribery and other charges linked to the scandal

AP | PTI  |  Seoul 

Samsung, smartphone
A flag bearing the logo of Samsung Electronics is pictured at its headquarters in Seoul, South Korea

Shareholders of Electronics are praising the company for big gains in its share price while lamenting its involvement in a massive political scandal that brought the arrest of the company's de facto leader.

Kwon Oh-hyun, Samsung's chief executive, told an annual shareholders meeting Friday that the scandal was regrettable, but that the company did nothing illegal.

Five executives, including its vice chairman and founding family heir apparent Lee Jae-yong, have been indicted on bribery and other charges linked to the scandal, which led to the impeachment of President Park Geun-hye.

Calls to reform and other big businesses are gaining momentum and some shareholders expressed concern over growing public hostility to South Korea's biggest company.

Samsung shareholders welcome stock price gains, regret scandals

Five Samsung executives have been indicted on bribery and other charges linked to the scandal

Five Samsung executives have been indicted on bribery and other charges linked to the scandal
Shareholders of Electronics are praising the company for big gains in its share price while lamenting its involvement in a massive political scandal that brought the arrest of the company's de facto leader.

Kwon Oh-hyun, Samsung's chief executive, told an annual shareholders meeting Friday that the scandal was regrettable, but that the company did nothing illegal.

Five executives, including its vice chairman and founding family heir apparent Lee Jae-yong, have been indicted on bribery and other charges linked to the scandal, which led to the impeachment of President Park Geun-hye.

Calls to reform and other big businesses are gaining momentum and some shareholders expressed concern over growing public hostility to South Korea's biggest company.
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