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By Andrew P. Napolitano
Obama's veil of secrecy is pierced
Topic - Lee Kun-Hee
The chairman of Samsung Electronics has kept his fortune and control of the Samsung conglomerate after a South Korean court Friday ruled against his older brother in an inheritance battle.
A South Korean court is expected to rule Friday on an inheritance battle that has rocked the powerful Samsung conglomerate.
A feud over the riches of South Korea's Samsung business empire has erupted in public as family members prepare to take an inheritance battle to court.
Allegations of multibillion-dollar fraud at banks and revelations by South Korea's top business conglomerate of shady dealings are forcing the country to grapple anew with a legacy of deep-seated corruption.
The chairman of Samsung Electronics said Wednesday his son will be promoted to a more powerful executive position, preparing the global technology giant for an eventual change in leadership.
Mr. Lee, South Korea's richest citizen, whose words and actions are closely watched, said that unspecified "irregularities" were found at Samsung Techwin Co., which makes robots and supplies weapons to the South Korean military.
"Corruption in Korea is a kind of time-honored tradition without which social success would be almost impossible," he said.