April 20, 2024

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[THE INVESTOR] Samsung Group’s official website and blog have been shut down indefinitely on April 3.

The Samsung Group is a nominal term referring to the Future Strategy Office, the de facto control tower that has overseen key decisions across affiliates for decades with no stakes in any of them. 

The office, set up by the late founder Lee Byung-chul in 1959, was officially disbanded on Feb. 28 after heir apparent and Samsung Electronics Vice Chairman Lee Jae-yong was indicted on charges of bribery in the presidential corruption scandal.

The website and blog that have been operating under the Samsung Group name notified the deactivation of services to website members and newsletter subscribers in March. All functions of the website have been suspended except for the recruitment page, which will be maintained for the time being.

The addresses, www.samsung.co.kr and www.samsung.com, are being redirected to the website of Samsung Electronics.

In addition, all of the external events conducted under the Samsung Group name has been temporarily suspended as of April 3. But they are highly likely to be transferred to other affiliates.

By Alex Lee (alexlee@heraldcorp.com)