February 6, 2017 / 6:00 AM / in 6 months

Samsung Group says process to disband its corporate strategy office underway

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SEOUL, Feb 6 (Reuters) - South Korean conglomerate Samsung Group said on Monday it will disband its corporate strategy office tasked with managing long-term group-related affairs at the conclusion of the current special prosecution probe.

Jay Y. Lee, third-generation leader of the country's top conglomerate, said at a December parliament hearing he plans to disband the office but did not give a specific timeline. Samsung said in a statement the process of dismantling the office is already underway but did not elaborate further. (Reporting by Se Young Lee; Editing by Muralikumar Anantharaman)

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