Samsung’s most powerful executive is touring the US in what investors hope is a sign the company is looking to deploy its $100bn cash pile.
Third-generation heir Lee Jae-yong is on his first overseas trip since South Korean president Moon Jae-in agreed in August to his early release from jail on the grounds it was in the national interest.
The conglomerate’s cash reserves, which soared while Lee was behind bars for bribing Moon’s predecessor, put its potential capacity for megadeals on a par with SoftBank’s original Vision Fund, the tech investment vehicle.
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