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Samsung Apologizes to Shareholders for Involvement in Scandals

  • Investors meeting comes before unveiling of flagship phone
  • Samsung Electronics vice chairman Lee standing bribery trial
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Samsung Shareholders to Meet Amid Concerns Over Structure

Samsung Electronics Co. apologized Friday for its involvement in scandals that’ve led to the ouster of South Korea’s president and the recall of its Note 7 smartphones, pledging to improve governance in the face of pressure from investors.

Vice Chairman Kwon Oh-hyun delivered the apology at the smartphone maker’s annual shareholder meeting in Seoul. Jay Y. Lee, heir apparent at the smartphone giant, was absent as he remains in detention facing charges including bribery and embezzlement.