Samsung Compliance Monitoring Committee "Meaningfully Evaluates Lee Jae-yong's Public Apology" (Update)

Kim Ji-hyung, Chairman of the Samsung Compliance Committee, is presiding over the '1st Meeting of the Samsung Compliance Committee' held on the 5th at the Samsung Life Seocho Tower in Seocho-gu, Seoul. The Samsung Compliance Committee is an external independent organization established to eradicate illegal activities by executives and employees, including CEOs of major Samsung affiliates, and to strengthen compliance management. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Ki-min Lee] The Samsung Compliance Committee has expressed a meaningful evaluation of Vice Chairman Lee Jae-yong's public apology and requested that detailed improvement measures be prepared.

On the 7th at 2 p.m., the Samsung Compliance Committee held its 5th regular meeting at the Samsung Life Seocho Tower in Seocho-dong, Seoul, and stated in a press release, "We meaningfully evaluate Vice Chairman Lee Jae-yong's direct response and his expression of the will to realize the value of compliance."

The Compliance Committee stated, "We agreed that specific implementation plans, such as establishing a sustainable management system that prevents violations of compliance obligations, effectively guaranteeing the three labor rights, and practical measures to restore the trust of civil society, must be supported," and added, "We have requested the related companies to prepare more detailed improvement plans soon."

The Compliance Committee meeting on this day was largely divided into two parts: the first part discussed the committee's position on Vice Chairman Lee Jae-yong's apology statement made the previous day, and the second part held a regular meeting related to internal transaction approvals and whistleblowing reports.

This content was produced with the assistance of AI translation services.