Lee Byung-chull

Samsung Electronics announced on Wednesday that Jay Y. Lee, the only son of its current chairman, had been promoted to vice-chairman, paving the way for his eventual succession to the top post.

Samsung Electronics chairman Lee Kun-Hee, currently embroiled in an inheritance dispute with his siblings, remains South Korea's richest man, according to a Forbes magazine ranking.

The elder brother of Samsung Electronics chairman Lee Kun-Hee said Monday he would not drop his lawsuit over a family inheritance and accused his sibling -- South Korea's richest man -- of being greedy.

The chairman of South Korean giant Samsung Electronics Tuesday vowed to go "all the way to the end" in lawsuits with his two siblings over the vast family fortune, accusing them of being greedy.

The chairman of South Korea's Samsung Electronics is being sued by his elder sister as part of a growing feud over the vast family inheritance, her lawyer said Tuesday.

SEOUL/SINGAPORE (Reuters) - Just a few doors down from the Apple store in Sydney, where a long line of fans eagerly awaited the sale of the new iPhone 4S, another throng was gathering at a Samsung store.

SEOUL (Reuters) - Only a handful of reporters were at Samsung's booth at the Consumer Electronics Show in Las Vegas earlier this month when Jay Y. Lee dropped by.

SEOUL (Reuters) - Only a handful of reporters were at Samsung's booth at the Consumer Electronics Show in Las Vegas earlier this month when Jay Y. Lee dropped by.

South Korea's Samsung Group said Wednesday it plans to invest almost 40 billion dollars this year as it tries to get ahead of global rivals still struggling after the financial crisis.

South Korea's Samsung Group said Wednesday it plans to spend a massive 43.1 trillion won (38.3 billion dollars) this year as it looks to expand its presence in global markets and develop new businesses.

South Korea's Samsung group Wednesday promoted the chairman's younger daughter, days after her older siblings were elevated in what was seen as the start of a third generation of family management.

Son of Samsung chairman promoted to president in reorganization of top management posts. A scion of the family that founded the sprawling Samsung conglomerate has been promoted to president at the flagship electronics business, sending its shares to a record high.

Samsung Electronics -- the world's largest maker of flat screens and memory chips -- on Friday promoted the chairman's only son to president, heralding the start of a third generation of family management.

South Korea's Samsung Electronics, the world's largest maker of flat screens and memory chips, on Friday promoted the chairman's only son to president as the founding family tightened its hold.

The only son of the chairman of Samsung Electronics has been promoted to president of the company as part of an executive reshuffle, the South Korean company said Friday.

Samsung to create new group affairs organization after scandal rocked conglomerate. Samsung will create a new organization to coordinate the group's sprawling businesses after a previous one was closed in 2008 amid a corruption scandal that rocked the massive conglomerate.