Shares in Samsung group companies fell on Monday after South Korean antitrust regulators told the country's biggest conglomerate to reduce cross-shareholdings that were expanded by a controversial merger of units this year.
Then, a change in the governance structure of the Samsung Group is likely to pick up some speed. The change is expected to be led by two sides, one being its manufacturing subsidiaries including Samsung Electronics and Samsung C&T and the other one ...
SEOUL—Samsung Group plans to split the role of chief executive and chairman of the board at eight of its companies, in the South Korean conglomerate's latest attempt to bolster its corporate governance in the wake of shareholder criticism.
Samsung and its sister firms have in recent years divested from non-core operations as the parent Samsung Group sought to streamline business amid a generational power transfer in the founding Lee family.
In Seoul, Apple has scouted potential locations around the Gangnam subway station, Seoul's busiest and home of the headquarters of Samsung Group, as well as another site on Seoul's fashionable Garosu-gil shopping street, according to the people.
The Samsung Group's de facto leader and heir apparent is poised to join the board of crown jewel Samsung Electronics Co Ltd, a step towards formalizing his role as head of the conglomerate as it reels from a massive smartphone recall.