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Samsung asked to pay "insulted" shareholders

Posted: 22 Aug 2006     Print Version  Bookmark and Share

Keywords:Samsung Electronics 

A South Korean court has ordered Samsung Electronics Co. to pay damages to nine shareholders who claimed the company tried to prevent them from quizzing executives at a shareholders' meeting in 2004, a judge said last week in an Associated Press report quoting The Houston Chronicle.

The report was quoted as stating Samsung and its chief executive Yun Jong-yong were ordered Wednesday to pay a total of Rs.6,50,160 ($14,000) to the shareholders who sued, said Judge Shin In-soo of Seoul Central District Court. Samsung is reportedly studying the ruling.

The shareholders reported Yun verbally insulted them and had them thrown out by guards after trying to pose questions criticizing management.

- EE Times

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