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Samsung Group Chairman Lee Kun-hee said Tuesday he will step down from his
post at the top of South Korea's biggest conglomerate following his indictment
on tax evasion charges.
"I have decided to resign from the post of chairman," Lee told a news
conference less than one week after he was indicted following a special
independent counsel investigation into the conglomerate's operations.
"We, including myself, have caused troubles to the nation with the special
probe," Lee said. "I deeply apologize for that, and I'll take full
responsibility for everything, both legally and morally."
After Lee spoke, Vice Chairman Lee Hak-soo, considered the chairman's closest
confidante, also announced his resignation as well as that of Lee Jae-yong, the
chairman's son and heir who is an executive at Samsung Electronics Co.
Special prosecutors Thursday indicted Lee on charges of evading 112.8 billion
won (US$ 113 million) in taxes, ending a three-month probe in the family-run
conglomerate prompted by allegations of wrongdoing by a former Samsung
lawyer.
Prosecutors, however, dismissed the most explosive claim - that Samsung
used affiliates to raise a slush fund to bribe influential South Koreans -
for lack of evidence.
They also decided to indict Lee without arrest, saying his apprehension was
too big a risk for South Korea, citing "the extremely competitive global
economic situation."
Besides Lee, nine other Samsung executives were indicted.
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