Foreign Media: "Mr LEE was arrested" will create opportunities to get Samsung out of Lee's family controlled-plum, Samsung-IT information
In Beijing on February 21, the online edition of the Wall Street Journal published a commentary saying Samsung real boss Lee Jae (LeeJae-yong) 's arrest led Samsung without risk, but if the current outbreak of a round of scandals has led Samsung for corporate governance reform, out of the Lee family controlled Samsung and the Korea economy will benefit.
The following is the full text of the article:
South Korean prosecutors on Friday arrested the actual boss of Samsung Group Lee Jae. Now, Mr LEE was locked in a cell in Seoul, accepting South Korean prosecutors for questioning. South Korean prosecutors accused Mr LEE is suspected of bribery, misappropriation of public funds, perjury, hidden overseas assets, hidden proceeds derived from crime.
Disadvantages of family enterprises
Mr LEE's arrest has sparked fears that as the case progressed, Samsung of South Korea's largest companies would be faced with decapitated. However, if the current outbreak of the current round of scandal to promote Samsung's corporate governance reforms, Samsung and the Korea economy will benefit.
Mr LEE is the founder of Samsung Li Bing喆 (LeeByung-chul) grandson. The Lee family decided to sustainable control of Samsung Group's practices led to the outbreak of the current round of scandals. In order for the third-generation head of the plum in a smooth succession, the main holding company of Samsung Group acquired Samsung products in 2015, only Samsung price about half of the market value of the property.
This merger deal prompted us hedge fund Elliott Associates launched the proxy fight, which holds Samsung shares property 7%. Elliott said the deal will make the shareholders lost about $7 billion. Finally, at the shareholders ' meeting, South Korea's Government-controlled pension funds cast the key votes by the Korea annuity. This is conducive to the Lee family, but detrimental to the minority shareholders. In South Korea, this scene is common.
But a year later, South Korean prosecutors said the South Korean President, Park Geun-Hye cronies Cui Shunshi blackmail imposed on Samsung and other Korean companies. Samsung property before this proxy fight behind the scenes operations exposed. Mr LEE said he was forced to Cui Shunshi donated approximately $37 million, is not received in return.
The key to this particular case is, South Korean prosecutors can prove that the Samsung contributed to the Cui Shunshi is because her Government had helped the Lee family. South Korean prosecutors have arrested the Chairman of the South Korean mission before the annuity Wen Hengbiao (Moon Hyung-pyo), accused him of Samsung products shareholders vote on the perjury and abuse of power.
Damaged Samsung succession plan
However, South Korean prosecutors may also seek to undermine more powerful successor to the Samsung program. Since the beginning of the 90 's of the last century, in the Lee family was involved in illegal transactions. In 1996, 2008, Mr LEE's father Lee Kun-hee, respectively, for bribing then-President Roh Tae-woo, of embezzlement and tax evasion convictions. Lee Kun-hee was sentenced to probation, then was granted a pardon. This time, the Lee family might because they lie completely tripped up.
If the Lee family is no longer the overall control of Samsung, Samsung may be adopting a more transparent structure. Samsung may spin off companies, much like the Hyundai after its founder, who died in 2001, did.
It also helps Samsung shareholders. Investors seem to have this included in Samsung's share price. Despite last year's costly Galaxy Note7 recalled other incidents, but Samsung's stock price during the past year, has risen about 60%. At present, Samsung has been forced to respond more positively to shareholder requirements, returning more profit to the shareholders via share buy-backs.
South Korea is changing the political atmosphere may have a profound influence on other large enterprises. The brewing scandal led to her last December was close to politics of impeachment. At a time of rising public discontent, it exposes the Korean corporate governance flaws of cronyism.
South Korea's presidential candidates are now promised tightening of business law to protect minority interests, limit the power of family. However, South Korea's next Government may also overdo it in this regard, bad for the entrepreneur. But good corporate governance helps family business leaders to be punished, let the Korean economy more competitive.
外媒：“李在镕被捕”将创造机会，让
三星摆脱李氏家族控制- 李在镕,
三星 - IT资讯
北京时间2月21日消息，《华尔街日报》网络版发表评论文章称，三星实际掌门人李在镕(LeeJae-yong)的被捕导致三星面临群龙无首的风险，但是如果目前爆发的这一轮丑闻能够促使三星进行企业治理改革，摆脱李氏家族的控制，那么三星乃至韩国经济都将因此受益。
以下是文章全文：
韩国检方在上周五逮捕了三星集团实际掌门人李在镕。现在，李在镕被关在首尔的单人牢房中，接受韩国检方的审问。韩国检方指控李在镕涉嫌行贿、挪用公款、作伪证、隐藏海外资产、隐瞒从犯罪行为中获得的收益。
家族企业的弊端
李在镕的被捕引发了担忧：随着案件的推进，三星这家韩国最大的企业将面临群龙无首的局面。但是，如果目前爆发的这一轮丑闻能够促使三星进行企业治理改革，那么三星乃至韩国经济都将因此受益。
李在镕是三星创始人李秉喆(LeeByung-chul)的孙子。李氏家族决定持续控制三星集团的做法引发了目前这一轮丑闻的爆发。为了让第三代掌门人李在镕顺利接班，三星集团的主要控股公司在2015年收购了三星物产，价格只有三星物产市值的大约一半。
这桩合并交易促使美国对冲基金Elliott Associates发起了代理权之争，后者持有三星物产7%股份。Elliott称，这笔交易将令股东损失大约70亿美元。最后，在股东大会上，韩国政府控制的养老基金韩国年金公团投下了关键一票。这一票有利于李氏家族，但对少数股东不利。在韩国，这一幕很常见。
但是一年后，韩国检方称，韩国总统朴槿惠亲信崔顺实对三星等韩国大企业实施了敲诈。这让之前三星物产代理权之争的幕后运作曝光。李在镕称，他被迫向崔顺实捐赠了大约3700万美元，不是为了获得回报。
这一特殊案件的关键在于，韩国检方能否证明三星向崔顺实捐款是因为朴槿惠政府帮助了李氏家族。韩国检方已经逮捕了韩国年金公团前主席文亨杓(Moon Hyung-pyo)，指控他在三星物产股东投票事件上作伪证和滥用职权。
破坏三星接班计划
不过，韩国检方还可能会寻求破坏影响力更大的三星接班人计划。自上世纪90年代开始，李氏家族就卷入了非法交易中。1996年、2008年，李在镕的父亲李健熙分别因为贿赂时任总统卢泰愚、挪用公款和逃税被定罪。李健熙被判缓刑，随后获得赦免。这一次，李氏家族可能会因为他们编织的谎言彻底栽跟头。
如果李氏家族不再整体掌控三星，那么三星可能会采用一个更为透明的结构。三星可能会剥离一些公司，很像现代汽车在其创始人于2001年逝世之后所做的那样。
这也有利于三星股东。投资者似乎已经将这一点计入了三星股价中。尽管去年发生了代价昂贵的Galaxy Note7召回等其它事件，但是三星电子的股价在过去一年上涨了大约60%。目前，三星已经被迫对股东的要求作出更加积极地响应，通过股票回购向股东返还更多利润。
韩国正在发生变化的政治氛围可能会对其他大企业产生深远影响。不断发酵的亲信干政丑闻导致朴槿惠在去年12月被弹劾。在公众不满情绪不断上升之际，它暴露了韩国企业任人唯亲的治理缺陷。
韩国总统候选人现在承诺，将收紧韩国商业法保护少数股东权益，限制家族势力的权力。不过，韩国下一届政府可能也会在这一方面做得过火，对企业家不利。但是，更好的企业治理有助于让家族企业的领导者受到惩罚，让韩国经济更具竞争力。