South Korea's Samsung woes have gone from bad to worse, with the country's President, Park Geun-hye, now implicated in the firm's ongoing bribery scandal. Prosecutors will question Samsung's family heir Jay Y. Lee over accusations that the company donated to non-profits run by Park's friend Choi Soon-sil in exchange for political approval of a 2015 merger. "I think Samsung Group is facing a bigger crisis than even the death of Chairman Lee Kun-hee," warned Park Ju-gun, head of corporate analysis firm CEO Score. The Lee family will be subject to 1.928 million won in inheritance tax when the chairman dies.
South Korea's Samsung woes have gone from bad to worse, with the country's President, Park Geun-hye, now implicated in the firm's ongoing bribery scandal. Prosecutors will question Samsung's family heir Jay Y. Lee over accusations that the company donated to non-profits run by Park's friend Choi Soon-sil in exchange for political approval of a 2015 merger. "I think Samsung Group is facing a bigger crisis than even the death of Chairman Lee Kun-hee," warned Park Ju-gun, head of corporate analysis firm CEO Score. The Lee family will be subject to billions of dollars in inheritance tax when the chairman dies.