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Samsung Heir Lee Jae-yong Convicted of Bribery, Gets Five Years in Jail

WSJ Original article ›
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Samsung's vice chairman, Lee Jae-yong is given a five year prison sentence for his role in a corruption scandal that led to the resignation of the previous government and new elections. This leaves Samsung without a leader as the chairman had a heart attack and is in hospital. Samsung had made a payment of $38 million to a close friend of the previous president. The court decided that the payments were for favors from the government. Prosecutors say the money given helped Samsung get government support for merging 2 Samsung affiliates to facilitate Mr. Lee's position in the company.


Corruption trial of Samsung heir Lee Jae-Yong

08/24/2017

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Samsung Heir Lee Jae-yong Faces Judgment Day in Corruption Trial

WSJ 08/24/2017

Samsung Heir Lee Jae-yong Convicted of Bribery, Gets Five Years in Jail

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Samsung Verdict Sends a Tough New Message to South Korea Inc.

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'A conviction and jail time would be a watershed event for S. Korea' | Asia | DW.COM | 17.02.2017

DW.COM 02/17/2017

Samsung Scandal Deepens as South Korean Prosecutors Detail Allegations

WSJ 03/06/2017


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