Sam­sung Heir’s New Of­fice in Prison Houses a Se­rial Killer

The Economic Times - - Around The World -

While be­ing ques­tioned for al­legedly brib­ing South Korea’s pres­i­dent, Sam­sung Group’s Jay Y Lee is locked up at a prison no­to­ri­ous for hous­ing con­victed bil­lion­aires, a se­rial killer and the hang­man’s noose. That doesn’t mean he’s given up be­ing the boss. Lee doesn’t have a phone or com­puter and tech­ni­cally is con­fined to his cell al­most all day, yet he’s al­lowed to meet with lawyers in a sep­a­rate room for as long as he’d like. He could use the at­tor­neys to com­mu­ni­cate with lieu­tenants at the con­glom­er­ate and stay in­volved in the de­ci­sion-mak­ing, said Kwon Young-june, a pro­fes­sor who re­searches cor­po­rate gover­nance at Seoul’s Kyung Hee Univer­sity.

“It’s a back­ward cul­ture found in a coun­try like South Korea,” Kwon said. “Ex­ec­u­tives can re­tain their posts even af­ter be­ing jailed be­cause they also own the com­pa­nies they run.” busi­nesses even af­ter be­ing con­victed of crimes and im­pris­oned. Not only did they keep their ti­tles while be­hind bars, they are still ac­tively in­volved with the com­pany. Lee is at the Seoul De­ten­tion Cen­ter, lo­cated out­side the in­dus­trial city of Anyang, south of Seoul. His fel­low in­mates in­clude Park’s for­mer chief of staff, Kim Ki-choon, and Yoo Young-chul, a self-con­fessed can­ni­bal on death row for killing about 20 peo­ple.

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