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1-min read

Samsung Group Chief Jay Y Lee Paid $1 Million by Flagship Affiliate in 2016 - Filing

Jay Y Lee is currently on trial for bribery, embezzlement and other charges amid a corruption scandal.

Reuters

Updated:March 31, 2017, 2:35 PM IST
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Samsung Group Chief Jay Y Lee Paid $1 Million by Flagship Affiliate in 2016 - Filing
South Korean appeals court to rule on Samsung scion Lee's conviction and jail term (Image: REUTERS/Kim Hong-Ji
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Samsung Electronics Co Ltd said on Friday it paid Vice Chairman Jay Y. Lee, the third-generation leader of Samsung Group, 1.135 billion won ($1.02 million) last year, disclosing his compensation for the first time.

Also read: Samsung Galaxy S8, Galaxy S8+ Design and Specifications in Pictures

Lee is currently on trial for bribery, embezzlement and other charges amid a corruption scandal that has rocked South Korea.

Read more: Oppo to Soon Reopen Noida Plant After Indian Flag Incident

Lee's compensation package includes 476 million won in wages equivalent to three months' pay as director. South Korean companies are required to disclose compensation for executives who sit on the board and are paid at least 500 million won on an annual basis.
| Edited by: Krishna Sinha Chaudhury
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