Samsung Lee to meet European business partners and support Busan Expo

Lee Jae-yong, the Chairman of Samsung heads to Europe to meet key business partners and support Busan’s bid for the 2030 World Expo. Lee is said to check up on Samsung’s performance and market conditions for its Digital eXperience division in the region.

On Thursday, Samsung’s Lee will fly to Paris to support Korea’s bid for World Expo 2030 in Busan. Korea competes with Saudi Arabia’s Riyadh and Italy’s Rome to host the international fair. The winner will be decided by a vote of the BIE member countries on November 28.

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Notably, Lee’s latest European trip marks his first international trip since appeared in court last week over an accounting fraud case for the 2015 merger involving two Samsung affiliates.

During the hearing, prosecutors sought a 5-year jail and a 500 million won fine for Lee on charges of stock price rigging and accounting fraud connected to the merger in 2015 of Cheil Industries Inc. and Samsung C&T Corp.

// KEDGlobal