November 24, 2020

Samsung Electronics says its board chairman offers to resign


FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, Jan. 7, 2019. REUTERS/Kim Hong-Ji/File Photo

SEOUL (Reuters) – Samsung Electronics (005930.KS) said on Friday that Lee Sang-hoon, the chairman of its board, had offered to resign, without elaborating on a reason.

In a statement, the company said the board planned to appoint a new chairman in the near future.

In December, a South Korean court had sentenced Lee to 1-1/2-years in jail for sabotaging legitimate union activities.

Reporting by Joyce Lee; Editing by Clarence Fernandez

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