SEOUL, South Korea (CNN) -- The chairman of the Samsung Group announced his resignation Tuesday, just days after his indictment amid an investigation into allegations of corruption. Chairman of the Samsung Group Lee Kun-hee has been indicted for tax evasion and breach of trust. "I sincerely apologize and will do my best to take full legal and moral responsibility," said Lee Kun-hee, who was indicted last week on charges of tax evasion and breach of trust. "It grieves me for I still have many things to do." At least four other executives will leave their jobs at Samsung, which has annual sales of nearly $160 billion and accounts for 18 percent of South Korea's economic output.
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Samsung Group chairman Lee Kun-hee announces resignation, apologizes
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Lee's decision comes a few days after his indictment amid corruption investigation
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Lee was indicted for tax evasion and breach of trust
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Prosecutors say indictment relates to a plan to transfer control of the firm to his son
Lee Kun-hee
Lee Kun-hee
Lee Kun-hee
Lee
Lee
The probe led prosecutors to indict @placeholder and several other executives, but the prosecutors said an investigation found no evidence to support an allegation that the company bribed government officials and prosecutors.
Samsung Group
Samsung Group
Samsung
Samsung Group
@placeholder's exports -- valued at about $70 billion -- account for a fifth of all South Korean exports.