Samsung chief Lee Jae-yong is acquitted of financial crimes related to 2015 merger
SEOUL, South Korea — A South Korean court on Monday acquitted Samsung Electronics Chairman Lee Jae-yong of financial crimes involving a contentious merger between Samsung affiliates in 2015 that tightened his grip over South Korea’s biggest company. The court said the prosecution failed to sufficiently prove the merger between Samsung C&T and Cheil Industries was unlawfully conducted with an aim to strengthen Lee’s control over Samsung Electronics. The People’s Solidarity for Participatory Democracy, South Korea’s biggest civic group, said the court failed to display “even a minimal level of social justice” by putting Lee’s interests before those of shareholders and pensioners, whose retirement funds were possibly reduced by the deal, which was endorsed by the National Pension Service. In its ruling, the court said the prosecution’s evidence wasn’t enough to establish that the 2015 merger was conducted through illegal steps or served the sole purpose of strengthening Lee’s control over Samsung Electronics, saying broader business considerations were likely involved.
South Korean opposition leader given suspended jail term for violating election law
Discover Related
South Korea's Constitutional Court to rule on President Yoon’s impeachment on Friday as tensions mount
South Korean shares, won gain on long-awaited impeachment ruling date
Sean Kingston and his mom found guilty of over $1M fraud as rapper 'cries' in court
Samsung Electronics Co-CEO Han Jong-Hee Dies Of Cardiac Arrest
Han Jong-hee, Samsung Electronics co-CEO, dies of cardiac arrest at 63
Han Jong-Hee dies: Samsung CEO's cause of death, net worth and other details
Samsung Electronics co-CEO Han Jong-Hee dies of cardiac arrest at 63
Samsung Electronics co-CEO Han Jong-hee dies of cardiac arrest at 63
S. Korea's impeached PM reinstated by court
S. Korea's impeached PM reinstated by court
South Korean court reinstates impeached prime minister as acting president
Yoon Suk Yeol's freedom short-lived as prosecutors plan to pursue conviction
South Korea's impeached President Yoon released from prison
South Korea's impeached President Yoon released from detention
South Korea's impeached President Yoon Suk Yeol released from custody on procedural grounds
South Korea’s impeached President Yoon Suk Yeol released from prison
South Korea’s impeached President Yoon released from prison
South Korea’s impeached President Yoon released from prison
South Korea’s impeached President Yoon released from prison
South Korean court cancels arrest warrant against impeached President Yoon
Court orders South Korean President Yoon released from jail for his criminal trial over martial law
South Korea court cancels impeached President Yoon’s arrest warrant
Japan Prosecutors to Seek Penalties for Ex-SMBC Nikko Executives
South Korea’s Yoon Suk Yeol defends martial law decree at impeachment trial
Chung Mong-gyu is an overwhelming winner in Korea Football Association elections
South Korea's Yoon Suk Yeol defends martial law at impeachment trial
South Korea’s Yoon defends his martial law decree as impeachment ruling nears