Feeds

Samsung founder's kid back at the wheel

Two-year tax-evasion penance served

High performance access to file storage

Lee Kun-hee will return to head up Samsung Electronics, having resigned from the company in 2008 with a conviction for tax evasion - for which he's since been pardoned.

Lee Kun-hee won't be taking on all his previous responsibilities, just the Electronics part of the Samsung group and alongside a board of which he won't be chair, but his return should bring some stability to the company despite his assertion that "in the coming 10 years, businesses and products that represent Samsung today will mostly disappear".

Samsung is a very large company, one of the South Korean jaebeol - family-run conglomerates with close connections to the government. In 2008 Lee Kun-hee was forced to resign after being caught trading Samsung shares and stashing the dosh in employee's bank accounts to avoid paying tax.

Since then he's paid back the money and been given a pardon for his crimes, so he steps back into the company with a clean slate - assuming investors can forgive and forget his patchy past.

Samsung Electronics is riding high at the moment - the Wall Street Journal reckons the division will make more than the $10bn profit in 2010, and as long as Lee can sustain that kind of success few will bother muck-raking his past. ®

SANS - Survey on application security programs

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.