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Samsung Leadership Crisis Continues: Who Will Lead the Company?

By February 24, 2017 at 10:45 am
Samsung's Lee Jae-yong indicted. (Photo : Getty Images)

Samsung continues to face a management crisis with the arrest of its vice chairman, Lee Jae-Yong. To make matters worse, two of its top executives have reportedly offered to leave the company in the wake of Lee's bribery scandal.

Ever since Lee was unexpectedly arrested last week, speculations have been rampant as to who could take over leadership duties in the company. The Samsung heir left some pretty big shoes to fill, considering the company is the second largest tech conglomerate in the world.

There had been rumors that Lee's younger sister Boo-jin was a likely candidate for the job. Some sectors even say that the head of Hotel Shilla might do the company well, even likening her to her 75-year-old father.

However, government experts believe that it's unlikely that she'll be tapped to lead the company. They also say that there's really no one who can take over for Lee. For better or for worse, the post is apparently his and his alone. As Chung Sun-sup of Chaebul.com explained, "there is no other family member who could replace him." He also pointed out that news about Boo-jin taking over is a joke.

Meanwhile, two senior executives of the Samsung Group have offered their resignations in a bid to take responsibility for the company's involvement in the graft issue surrounding impeached South Korean President Park Geun-Hye.

President Chang Choong-gi and Vice Chairman Choi Gee-sung have reportedly offered to resign from the company. The two have been identified as suspects in the probe led by the country's special prosecutor.

There's no word on whether the two have already tendered their resignation. Samsung has also not commented on the news.

In the meantime, analysts predict Samsung will continue under a stewardship while Lee's case remains in court. One insider said that Choi Jee-sung, the leader of the company's Future Strategy Office, will be responsible for external affairs while Samsung Electronics chief communications officer Lee In-yong will handle internal affairs.  

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