Imprisonment of Lee Jae-yong is a ‘tragedy’ for the company’s future management, says Samsung CEO

The CEO of Samsung Electronics has said that the imprisonment of the tech giant's heir Lee Jae-yong was a "tragedy" for the company's future management.

Kwon Oh-hyun, CEO and Vice President of Samsung Electronics, who announced earlier in October that he would resign in March 2018, said that although the business is "going well today", the lack of leadership could negatively affect the company, Yonhap news agency reported.

"It's a kind of tragedy," Kwon said in a business forum in the US, referring to Lee Jae-yong's five-year imprisonment in connection with a massive corruption scandal that removed President Park Geun-hye from office. Lee is the only son and heir of Samsung Electronics Chairman Lee Kun-hee.

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If this was the western world I say there could be redemption.  But in the east redemption is also impossible.