Samsung Saga Shows Korea Reform Is Going Nowhere

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Talk about convenient timing. Samsung’s de facto leader, Lee Jae-yong, has been released from jail, just in time to watch the Winter Olympics in Pyeongchang. His father, Lee Kun-hee—still Samsung’s chairman, despite a long hospitalization—had lobbied for South Korea to host the event, after he himself was pardoned after tax-evasion conviction back in 2009.

A charming family tale—but not one investors should read with any pleasure.

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