Word: lees
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Dates: during 2000-2009
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...difficult to convince North Korea to give up its nuclear weapons, but it is not impossible.' LEE MYUNG BAK, South Korean President, dismissing assertions that the U.S. and South Korea have softened demands for North Korea to fully declare all its nuclear activities...
...utterance heeded as law. In the country at large, these titans of industry, though often distrusted, are lauded as the men who transformed an impoverished backwater into a modern nation with the world's 13th largest economy. This week, however, one of the most powerful fell from his pedestal. Lee Kun Hee, 66, the chairman of Samsung Electronics, shocked South Korea by resigning after being indicted for tax evasion and breach of trust...
...Under Lee's guidance, Samsung roared to the forefront of the global electronics industry as one of the world's largest makers of LCD panels, microchips and mobile phones. Yet amid this high technology, Lee increasingly appeared an anachronism, a throwback to an earlier age when a few dominant personalities managed Korea's economic miracle. A shadowy figure rarely seen in public, Lee wielded tremendous authority within Samsung Group, a conglomerate with $150 billion in annual revenue. But foreign investors came to see him as an impediment to the reform needed to transform Samsung from a family-dominated fiefdom into...
...Lee's departure (his top lieutenant, wife, and son and heir apparent also resigned positions at Samsung) may finally allow that process to begin - and could set a precedent throughout Asia, where family-run companies have long resisted transparency and greater accountability. As a major shareholder, Lee may continue to influence Samsung. But his decision to resign, even before a trial, for the greater good of the company he ran is an unprecedented act in South Korea and is an example that business leaders throughout Asia may find hard to ignore. When Lee announced he was stepping down...
...resignation throws into question the future of the powerful Lee business clan. As a shareholder in Samsung affiliates, Lee holds the loyalty of many Samsung executives, and he is unlikely to vanish from the scene. He was widely expected to attempt to pass control of Samsung to his son, Lee Jae Yong. But that is looking increasingly difficult. The younger Lee resigned from his position as Samsung Electronics' chief customer officer though he will be given a new, yet-to-be-defined role in developing overseas business...