World
A son overlooked and a jailed tycoon: Inside Samsung's succession drama
✦ AI Brief
Samsung is a family-owned business, known as a chaebol, and is South Korea's largest conglomerate. The company's power structure is complicated, with the Lee family holding significant control. Lee Jae-yong, the grandson of Samsung's founder, was accused of corruption and bribery in a scandal that also brought down the country's president. He was found guilty of bribery and jailed, but has denied charges of stock and accounting fraud.