Weak global economy hits wealth of most South Korean tycoons SINGAPORE (April 28, 2016) – Samsung Group Chairman Lee Kun-Hee is the richest person in South Korea, for the eighth year in a row, with a net worth of US$12.6 billion according to the 2016 Forbes Korea Rich List. However, his [...]
Lee Kun-hee is nonetheless indicted on accusations of tax evasion and breach of trust, in what is seen as a test case for the modernization of South Korean corporate governance.
Hong Ra-hee, who serves as a director of Leeum Samsung Museum of Art and has amassed a collection of contemporary art, is asked by prosecutors about alleged links to company funds.