Chief executives of two major financial units at South Korea’s Samsung Group will step down, the group said on Tuesday, as part of reforms at the country’s biggest conglomerate.
Hwang Tae-seon, who leads Samsung Fire & Marine and Bae Ho-won, CEO of brokerage Samsung Securities, will resign.
The announcement comes less than a week after a special prosecutor indicted Samsung Group Chairman Lee Kun-hee on charges of tax evasion and breach of trust. Nine other executives, including Samsung Fire CEO, were also indicted.
(Reporting by Kim Yeon-hee and Miyoung Kim; Editing by Jonathan Thatcher)
Copyright 2026 Reuters. Click for restrictions.
Was this article valuable?
Here are more articles you may enjoy.
AIG Executive Chair and Former CEO Zaffino Set to Exit for Palantir 
Aon Acquires USI Insurance From KKR in $17 Billion Deal Targeting Middle Market 
First Half US P/C Industry Underwriting Gain Jumps to $31.7B 
Judge Says Smucker’s Lawsuit Against Trader Joe’s Over Frozen PB&J Can Proceed 
