A South Korean shareholder group has filed criminal complaints accusing the CEOs
of Samsung Electronics and SK Hynix of breaching shareholder trust by approving
bonus payments outside collective bargaining constraints and creating a payment
mechanism that improperly consumed company assets. The group said on Aug. 5 it
submitted complaints on July 22 to the National Police Agency’s National
Investigation Office against Samsung co-CEOs Jun Young-hyun and Roh Tae-moon and
SK Hynix CEO Kwak No-jung. The cases have been referred to the Gyeonggi Nambu
Provincial Police Agency’s first and second investigation divisions, which have
opened investigations under the Specific Economic Crimes Aggravated Punishment
Act.
