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Samsung scion joins board as profits plunge on Note 7 crisis

Beleaguered mobile unit will focus on regaining consumer confidence, says company
Friday, October 28, 2016 - 05:50

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As he is already vice-chairman of Samsung Electronics, Mr Lee's election to the board is being seen as a coronation of sorts. His influence has grown since his father suffered a heart attack in 2014.

Seoul

SAMSUNG heir apparent JY Lee took a major step towards control of the family-run conglomerate on Thursday, joining the board as the company reported a 30 per cent profit plunge following a highly damaging smartphone recall crisis.

The move is being seen as a coronation of

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