On Friday, an external corporate compliance monitoring committee from Samsung Group advised that the country’s largest conglomerate should re-join the Federation of Korean Industries (FKI), a business interest group which it withdrew from in the early stages of 2017 due to a high-profile corruption scandal involving its de facto leader Lee Jae-yong and the former President Park Geun-hye.
However, the committee stated that if a similar case of corruption occurs in the future, Samsung should withdraw from the FKI again.
The decision to leave the FKI was made in response to a promise from Lee, executive chairman of Samsung Electronics Co., to restore the public’s trust in the company.
This file photo, taken Aug. 10, 2021, shows the corporate logo of Samsung Electronics Co. at its office building in Seoul. (Yonhap)