Samsung Electronics apologized for participating in scandals related to the resignation of the President of South Korea and the recall of the flagship smartphone Galaxy Note 7. The leadership of the South Korean giant promised to improve the management of the corporation in conditions of pressure from investors, reports Bloomberg.

Apologies for the scandals at the meeting of shareholders of Samsung brought vice chairman of the board of directors of the company Kwon Oh-hyun (Kwon Oh-hyun). The event was not attended by the actual head of Samsung Lee Jay Yen (Jay Y. Lee), as he remains in custody on suspicion of bribery and embezzlement.

The prosecution filed charges against Lee Jay Yen that he provided or promised about $ 36 million to the approximate President of South Korea, Park Geun-hye, in exchange for government support for the merger of two subsidiaries in 2015. This scandal led to the resignation of the president.

"I'm sorry for this scandal. Also, I apologize again for the mistake made with Galaxy Note 7 last year. It was a failure that resulted from attempts to use new technologies, "Kwon O Hun said, adding that Samsung did not give any bribes in the form of donations.

At the shareholders meeting, the issue of dividing Samsung into a holding company and operational divisions. Kwon O Hyun said that at present the company does not consider the division of shares, and any steps towards the holding "do not look easy". Now the manufacturer is reviewing various options and studying the legal, tax and other aspects of the possible restructuring.

In 2016, the hedge fund Elliott Management (shareholder of Samsung) called on the management of the corporation to divide Samsung into a management company and holding in order to improve corporate governance and obtain tax benefits.

In March 2017, Samsung announced the "thorough analysis of the optimal corporate structure, including the study of the possibility of creating a holding company".

On Friday, March 24, Samsung shares fell almost 1% to the closing of the stock exchange in Seoul. This month, the company's quotes reached record values ??due to strong sales of semiconductor products and statements about plans for restructuring. In addition, investors are positive about the upcoming announcement of the new smartphone Galaxy S8.