Samsung Electronics said in a statement that its Board plans to appoint a new chairman in the near future. In March this year, Samsung Electronics will hold a shareholders' meeting.
According to the regulatory filing documents submitted by Samsung, during his tenure as chairman of the company's board of directors, while supervising management activities, Li Xiangxun will also make decisions on the implementation of key businesses.
The successor of SamSung group, Jay y. Lee, is also facing trial. He is accused of bribing a friend of former South Korean President Park Geun hye to win the favor of the government and help him become the successor of the group.
Samsung Group has appointed experts from outside the company in a new monitoring group to stop any criminal activities in the group.