The Business Times
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S Korea corporate champion Samsung faces revolt at home

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Published Tue, Oct 25, 2016 · 09:50 PM

    Seoul

    SAMSUNG Group, for decades the corporate champion of South Korea, is now facing a revolt at home.

    On Monday, hundreds of owners of Samsung Electronics Co's fire-prone Galaxy Note 7 filed a class-action lawsuit demanding compensation. Hours earlier, a South Korean investment advisory firm recommended shareholders vote against vice-chairman Jay Y Lee joining the board, in the strongest public opposition so far to the heir-apparent's ascension.

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