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Grandson of Samsung founder takes the lead

1 year 1 month 2 weeks ago Thursday, October 27 2016 Oct 27, 2016 October 27, 2016 6:51 AM October 27, 2016 in News
Source: Associated Press

SEOUL, South Korea - The grandson of Samsung's founder is stepping up as its new leader after the failure of the company's flagship smartphone, the Galaxy Note 7. Shareholders of Samsung Electronics Co. voted today to appoint 48-year-old Lee Jae-yong, chairman Lee Kun-hee's only son, to its board of directors. Samsung says it's confirmed 140 cases of the Galaxy Note 7 overheating or catching fire.

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