Monday, 18 January 2021

Samsung leader Lee Jae-yong gets a 2.5 year sentence on bribery charges

The appellate court of South Korea has officially announced that Lee Jae-yong, heir of Samsung and son of deceased company chairman, has been sentenced to 2.5 years in prison. The verdict comes after a three-year-long trial over allegations that the man tried to bribe a person from the President’s office. Lee Jae-yong, heir and CEO of Samsung Electronics Everything began back in 2017, when Lee offered KRW 30 billion (about $27.6 million) to Choi Seo-won, an associate to the former President of South Korea, to help a merger between Samsung C&T and Cheil Industries, allowing Lee to...

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