South Korea: Regulator wants Samsung to improve corporate governance

South Korea’s antitrust chief on Monday, May 20, urged Samsung Electronics Vice Chairman Lee Jae-yong to improve corporate governance at the country’s largest conglomerate.

In a radio interview, Kim Sang-jo, head of the Korean Fair Trade Commission, said that Lee should show how to improve corporate governance of Samsung Group in a responsible manner.

The comments came four days after prosecutors raided a task force office of Samsung Electronics as part of an investigation into allegations that Samsung Group may have orchestrated an accounting fraud at its biopharmaceutical unit, Samsung BioLogics.

Full Content: Yonhap News Agency

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