After years of silence, the ‘prince’ Samsung bowed his head apologizing for ‘misconduct’, revealing he would never let his children inherit the throne.

The successor of Samsung Group bowed to apologize three times on Wednesday for ethical and legal violations related to his controversial M&A plan with the purpose of acquiring leadership in the phone empire. The biggest intelligence in the world.

Earlier, in 2017, Lee Jae-yong, vice chairman of Samsung Electronics and heir of Samsung Group, was sentenced to five years in prison for bribery, embezzlement and several other crimes related to the total. deposed Park Park Geun-hye.

However, Lee’s death was released a year later after an appeal and is now under further investigation.

“Our technology and products are always ranked first but the public view of Samsung is still quite harsh. It is my fault. I’m sorry.”

Lee bowed three times in front of the limelight during a press conference at the Samsung Electronics office in Seoul, where many reporters were present.

Mr Lee also said that he would not let his children inherit the throne at Samsung, with a firm voice: “I guarantee there will be no more controversy over the issue of succession at Samsung. I will never Now there are illegal acts. ”

Lee’s public apology came after the request of the Samsung Compliance Council, which deals with transparency in corporate agreements.

Lee has officially succeeded Samsung since his father, Chairman Lee Kun-hee, suffered a heart attack in 2014.

The court earlier accused Samsung of paying millions of dollars to Ms. Park’s friend Choi Soon-sil to get a merger to increase Lee’s power.

The scandal was even more prominent when it showed the close connection between big businesses and politicians in Korea – a pressing issue in the public opinion.

Samsung Electronics is the strongest subsidiary of Samsung – a group with total revenue accounting for 1/5 of Korea’s GDP – the 12th largest economy in the world.

Chairman Lee Kun-hee is currently the richest man in Korea and the 65th richest person in the world according to Bloomberg’s ranking of US $ 15.7 billion. Meanwhile, Crown Prince Lee Jae-yong owns a fortune of 5.7 billion dollars.

Earlier in March, the Samsung Council acknowledged that there was ample evidence of a connection between Samsung and Lee’s succession calculations and advised him to publicly apologize.

The council also suggested that Mr. Lee addressed the “no labor union” policy at the company.

During 50 years of successful business, Samsung has no labor union. “I sincerely apologize to everyone – those who have been hurt by issues related to Samsung’s labor union policy.”

The Company will ensure workers’ rights and act in accordance with the law.

Samsung just reported its first-quarter net profit, which declined slightly, to 4.88 trillion won ($ 4 billion) due to the Covid-19 effect. However, the company expects this number to get worse in the coming period due to falling consumer demand.

According to BangkokPost