April 26, 2024

• 

[THE INVESTOR] Samsung Group, South Korea’s largest business conglomerate, plans to abolish its centralized decisions and let affiliates independently make business decisions, a group official said on Feb. 27.

The plan is in line with Samsung’s move to abolish the group’s key Future Strategy Office, which has been responsible for coordinating key affairs among affiliates.

Samsung has said it will shut down the office as early as next month after the special prosecution team concludes its probe into a presidential influence-peddling scandal that led to the impeachment of President Park Geun-hye.

(theinvestor@heraldcorp.com)