Samsung names scion Lee Jae-yong to board of directors

September 12, 2016 8:56 AM

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SEOUL, South Korea — Samsung Electronics vice chairman Lee Jae-yong, the only son of its ailing chairman, was nominated Monday to join its board of directors.

The announcement comes as the South Korean company grapples with an unprecedented smartphone recall that has wiped out billions of dollars from its market value. It recalled 2.5 million Galaxy Note 7 smartphones earlier this month and urged consumers around the world to stop using the phone immediat...

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