Samsung chief Lee Jae-yong is acquitted of financial crimes related to 2015 merger
11 months ago

Samsung chief Lee Jae-yong is acquitted of financial crimes related to 2015 merger

Associated Press  

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.

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History of this topic

Seoul court acquits South Korean opposition leader on charges of instigating perjury
1 month, 2 weeks ago

Seoul court acquits South Korean opposition leader on charges of instigating perjury

Associated Press  

SEOUL, South Korea — South Korean opposition leader Lee Jae-myung was acquitted on Monday on charges that he persuaded a witness to lie in court to understate Lee’s past criminal conviction, in a rare moment of relief from broad legal troubles that threaten to derail his political career. The ruling Monday at the Seoul court was about whether Lee pressured …

South Korea opposition leader indicted for misuse of public funds
1 month, 3 weeks ago

South Korea opposition leader indicted for misuse of public funds

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy South Korea’s opposition leader Lee …

South Korea’s opposition leader convicted of violating election law
1 month, 3 weeks ago

South Korea’s opposition leader convicted of violating election law

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A court in South Korea …

South Korean opposition leader gets a suspended jail term for violating election law
1 month, 3 weeks ago

South Korean opposition leader gets a suspended jail term for violating election law

Associated Press  

SEOUL, South Korea — South Korean opposition leader Lee Jae-myung was convicted of violating election law and sentenced to a suspended prison term Friday by a court that ruled he made false statements while denying corruption allegations during a presidential campaign. Lee told reporters that he plans to appeal Friday’s verdict by the Seoul Central District Court, which gave him …

South Korean opposition leader convicted for violating election law
1 month, 3 weeks ago

South Korean opposition leader convicted for violating election law

Al Jazeera  

Lee Jae-myung says he will appeal the court’s decision, which could bar him from running for president in 2027. South Korea’s main opposition leader, Lee Jae-myung, has been convicted on charges of violating the country’s election law and handed a one-year suspended prison sentence. The Seoul Central District Court on Friday found the leader of the Democratic Party guilty of …

South Korean opposition leader given suspended jail term for violating election law
1 month, 3 weeks ago

South Korean opposition leader given suspended jail term for violating election law

ABC  

South Korean opposition leader Lee Jae-myung has been convicted of violating election law and sentenced to a suspended prison term after a court ruled he made false statements while denying corruption allegations during a presidential campaign. Prosecutors also cited a TV interview Mr Lee gave in December 2021, when he said he didn't know a senior official at Seongnam city's …

Squid Game actor Lee Jung Jae charged with fraud allegations by Reborn Rich's production's CEO: Report
5 months ago

Squid Game actor Lee Jung Jae charged with fraud allegations by Reborn Rich's production's CEO: Report

Hindustan Times  

Actor Lee Jung Jae who recently made headlines for the sequel of his famous series on Netflix, Squid Games, has been accused of serious fraud alongside the ex-CEO of WYSIWYG Studios, Park In Gyu. **EDS: GRAB VIA PTI VIDEO; TO GO WITH STORY**Lee Jung Jae accused of fraud alongside former CEO, Park In Gyu. Fraud allegations against Lee Jung Jae …

Man who stabbed South Korea’s opposition leader sentenced to 15 years in prison
6 months ago

Man who stabbed South Korea’s opposition leader sentenced to 15 years in prison

Associated Press  

SEOUL, South Korea — A man who stabbed South Korea’s opposition leader in the neck earlier this year was sentenced to 15 years in prison on Friday, court officials said. The knife-wielding man attacked Lee Jae-myung, head of the liberal Democratic Party, South Korea’s biggest political party, in January after approaching him asking for his autograph at an event in …

South Korean court denies arrest warrant for opposition leader Lee in corruption allegations
1 year, 3 months ago

South Korean court denies arrest warrant for opposition leader Lee in corruption allegations

Associated Press  

SEOUL, South Korea — A South Korean judge on Wednesday denied an arrest warrant for the country’s opposition leader on broad corruption allegations, saying there wasn’t a clear risk that he would destroy evidence. Lee Jae-myung, who awaited the decision at a detention facility where he would have been held had the judge approved his arrest, praised the court for …

South Korean opposition leader attends court hearing on arrest warrant for alleged corruption
1 year, 3 months ago

South Korean opposition leader attends court hearing on arrest warrant for alleged corruption

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Coming off a 24-day hunger strike, South Korean opposition leader …

Former Samsung executive indicted for stealing South Korean semiconductor production secrets, worth over $200 million, for rivals in China
1 year, 6 months ago

Former Samsung executive indicted for stealing South Korean semiconductor production secrets, worth over $200 million, for rivals in China

Op India  

A 65-year-old former Samsung Electronics executive was indicted on Monday for allegedly stealing South Korean semiconductor production secrets in order to construct a competitor facility in China, according to Asia Nikkei. A 65-year-old former Samsung executive was charged by the Suwon District Prosecutors’ Office with transmitting corporate secrets to a foreign government, China. Prosecutors said the defendant attempted to create …

South Korea indicts ex-Samsung Electronics executive for alleged data leak to China
1 year, 6 months ago

South Korea indicts ex-Samsung Electronics executive for alleged data leak to China

The Hindu  

South Korean prosecutors said they indicted a former Samsung Electronics executive on June 12 on suspicions of stealing the company's technology to build a chip factory in China. The former Samsung executive allegedly tried to build the factory 1.5 kilometres away from Samsung's chip manufacturing facility in Xian after setting up a semiconductor company, prosecutors said. The attempt to build …

South Korean opposition leader indicted for alleged corruption
1 year, 9 months ago

South Korean opposition leader indicted for alleged corruption

Al Jazeera  

Leader of left-leaning Democratic Party faces charges including bribery, breach of duty and conflict of interest. South Korea’s opposition leader Lee Jae-myung has been indicted on corruption charges related to real estate developments and a football club he oversaw during a stint as a city mayor. Lee, the leader of the left-leaning Democratic Party, faces charges including bribery, breach of …

Opposition leader in South Korea wanted in corruption case
1 year, 10 months ago

Opposition leader in South Korea wanted in corruption case

Firstpost  

Seoul: South Korean prosecutors on Thursday requested an arrest warrant for the head of the main opposition Democratic Party, Lee Jae-myung, in an investigation into development projects and bribery allegations. Lee, a former Democratic presidential candidate, is accused of being in breach of his duty over losses of 489.5 billion won run up by Seongnam Development Corporation during his time …

South Korea’s jailed ex-president Lee gets presidential pardon
2 years ago

South Korea’s jailed ex-president Lee gets presidential pardon

Al Jazeera  

South Korean President Yoon Seok-yeok issues pardons for more than 1,300 people in bid for ‘national unity.’ South Korea’s former President Lee Myung-bak has received a presidential pardon, cutting short his 17-year prison sentence for corruption. South Korean President Yoon Seok-yeol issued the pardon for Lee on Tuesday as part of mass pardons that are common in the East Asian …

Samsung heir takes over as chairman year after release from jail in bribery case
2 years, 2 months ago

Samsung heir takes over as chairman year after release from jail in bribery case

Hindustan Times  

Samsung Electronics on Thursday appointed Jay Y. Lee as its Executive Chairman. Jay Y. Lee, also generally known as Lee Jae-yong, has served as Samsung’s de facto leader since 2014. The eldest child of Lee Kun-Hee, Jay has served as the technology giant's de facto leader since his father went into coma in 2014 after suffering from a heart attack, …

Samsung officially names third-generation heir Lee Jae-yong as chairman
2 years, 2 months ago

Samsung officially names third-generation heir Lee Jae-yong as chairman

The Hindu  

Samsung Electronics has officially appointed third-generation heir Lee Jae-yong as executive chairman, two months after he secured a pardon of his conviction for bribing a former President in a corruption scandal that toppled a previous South Korean government. Lee’s promotion is partially symbolic as he has helmed the Samsung group in his capacity as the electronics company’s vice-chairman since 2014, …

South Korea President Yoon pardons Samsung vice-chairman Jay Y. Lee
2 years, 4 months ago

South Korea President Yoon pardons Samsung vice-chairman Jay Y. Lee

The Hindu  

South Korea's President Yoon Suk-yeol pardoned Samsung Electronics vice-chairman Jay Y. Lee on Friday, with South Korea's Justice Ministry saying the business leader was needed to help overcome a "national economic crisis". "We sincerely thank the government's and people's decision to grant pardon, and Chairman Shin Dong-bin and staff members at Lotte will contribute to overcoming the complex global crisis," …

Samsung pardon exposes Koreans’ love-hate feelings for tycoons
2 years, 4 months ago

Samsung pardon exposes Koreans’ love-hate feelings for tycoons

Al Jazeera  

Lee Jae-yong is the latest in a long list of South Korean business elites to receive clemency after white-collar crimes. When Samsung patriarch Lee Kun-hee received his second presidential pardon in 2009 following convictions for embezzlement and tax evasion, then-President Lee Myung-bak justified the decision as necessary to allow the businessman participate in South Korea’s bid to host the 2018 …

Samsung vice-chairman fined 70 million won for anaesthetic drug use
3 years, 2 months ago

Samsung vice-chairman fined 70 million won for anaesthetic drug use

Firstpost  

Lee Jae-yong was found guilty of having repeatedly taken the anaesthetic propofol at a plastic surgery clinic in Seoul dozens of times over several years Seoul, South Korea: The de-facto leader of South Korea’s sprawling Samsung group Lee Jae-yong was convicted Tuesday of illegally using the anaesthetic drug propofol, the latest legal travail to beset the multi-billionaire. Lee — the …

Samsung chief Lee Jae-yong convicted, fined for illegal anesthetic medication use
3 years, 2 months ago

Samsung chief Lee Jae-yong convicted, fined for illegal anesthetic medication use

India TV News  

De-facto Chairman of Samsung Group, Lee Jae-yong on Tuesday was convicted and fined USD 60,055 for illegally using anesthetic medication propofol numerous times for years, reported Yonhap News Agency. According to the news agency, the Seoul Central District Court convicted Lee of violating Narcotics Control Act and ordered to seize an additional USD 14,587.27. Yonhap reported that Lee was indicted …

Samsung Boss Lee Jae-yong Convicted, Fined for Anaesthetic Misuse in Latest Setback: Report
3 years, 2 months ago

Samsung Boss Lee Jae-yong Convicted, Fined for Anaesthetic Misuse in Latest Setback: Report

News 18  

The de-facto leader of South Korea’s sprawling Samsung group Lee Jae-yong was convicted Tuesday of illegally using the anaesthetic drug propofol, the latest legal travail to beset the multi-billionaire. Lee — the vice-chairman of the world’s biggest smartphone maker Samsung Electronics and according to Forbes the world’s 238th richest person — was fined 70 million won by the Seoul Central …

Paroled Samsung heir apologies for causing public concern
3 years, 4 months ago

Paroled Samsung heir apologies for causing public concern

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Embattled Samsung leader Lee Jae-yong apologized for causing public concern …

After 18 months in prison, Samsung de facto chief Lee Jae-yong to be released early on parole
3 years, 5 months ago

After 18 months in prison, Samsung de facto chief Lee Jae-yong to be released early on parole

The Hindu  

South Korea said on August 9 it will release Samsung's de facto chief, Lee Jae-yong, on parole this week after he spent a total of 18 months behind bars for his role in a massive corruption scandal. A global chip shortage and Samsung's role in striking a COVID-19 vaccine deal with the U.S. led to calls from business leaders and …

South Korea to release Samsung scion on parole
3 years, 5 months ago

South Korea to release Samsung scion on parole

Associated Press  

SEOUL, South Korea — South Korea will release billionaire Samsung scion Lee Jae-yong on parole this week after he spent 18 months in prison for his role in a massive corruption scandal that triggered nationwide protests and led to the ouster of the country’s previous president. Recent polls have indicated that South Koreans — years removed from the angry rallies …

South Korea to release Samsung scion on parole
3 years, 5 months ago

South Korea to release Samsung scion on parole

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy South Korea will release billionaire …

Samsung thrives as Seoul mulls pardon of corporate heir
3 years, 7 months ago

Samsung thrives as Seoul mulls pardon of corporate heir

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Pressure is mounting on South …

Samsung reports profit jump on smartphone, TV sales
3 years, 8 months ago

Samsung reports profit jump on smartphone, TV sales

Associated Press  

SEOUL, South Korea — Samsung Electronics said Thursday its operating profit for the last quarter jumped 46% from a year earlier driven by increased sales of smartphones and televisions as its business continues to flourish amid the pandemic. The deal helped strengthen Lee’s control over the Samsung group, but the revelations about his corrupt ties with the Park government fueled …

South Korean court sentences Samsung Electronics vice chairman Lee Jae-yong for 2.5 years in prison due to corruption
3 years, 11 months ago

South Korean court sentences Samsung Electronics vice chairman Lee Jae-yong for 2.5 years in prison due to corruption

Firstpost  

Seoul: Billionaire Samsung scion Lee Jae-yong was sent back to prison on Monday after a South Korean court handed him a two and a half-year sentence for his involvement in a 2016 corruption scandal that spurred massive protests and ousted South Korea’s then-president. In a much-anticipated retrial, the Seoul High Court found Lee guilty of bribing then-President Park Geun-hye and …

South Korean Court Gives Samsung Scion Lee Jae-yong Prison Term Over Bribery
3 years, 11 months ago

South Korean Court Gives Samsung Scion Lee Jae-yong Prison Term Over Bribery

News 18  

Billionaire Samsung scion Lee Jae-yong is heading back to prison after a South Korean court sentenced him to two and a half years over his involvement in a 2016 corruption scandal that spurred massive protests and ousted South Korea's then-president. In a much-anticipated retrial on Monday, the Seoul High Court found Lee guilty of bribing then-President Park Geun-hye and her …

Samsung vice-chairman gets 30-month prison term in South Korea bribery trial
3 years, 11 months ago

Samsung vice-chairman gets 30-month prison term in South Korea bribery trial

The Hindu  

A South Korean court sentenced Samsung Electronics vice chairman Jay Y. Lee to two and a half years in prison, the court said on Monday, which will have major ramifications for his leadership of the tech giant as well as Korea’s views toward big business. The Supreme Court then sent the case back to the Seoul High Court, which issued …

South Korea’s high court upholds ex-president’s 17-year prison sentence
4 years, 2 months ago

South Korea’s high court upholds ex-president’s 17-year prison sentence

LA Times  

Former South Korean President Lee Myung-bak arrives for questioning by prosecutors in Seoul over bribery allegations in March 2018. South Korea’s highest court Thursday upheld a 17-year prison sentence for ex-President Lee Myung-bak on a range of corruption convictions, in a final ruling that will send the former leader back behind bars soon. Lee was convicted of taking bribes worth …

Lee Kun-Hee dies at 78: Chairman of Samsung Electronics transformed company into global tech giant
4 years, 2 months ago

Lee Kun-Hee dies at 78: Chairman of Samsung Electronics transformed company into global tech giant

Firstpost  

Lee inherited control from his father in 1987 and during his nearly 30 years of leadership, Samsung Electronics became a global brand and the world’s largest maker of smartphones, televisions, and memory chips Seoul: Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics, has died. Lee Kun-Hee had been …

Lee Kun-Hee, force behind Samsung’s rise, dies at 78
4 years, 2 months ago

Lee Kun-Hee, force behind Samsung’s rise, dies at 78

The Hindu  

Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics, has died. A Samsung statement said Lee died on October 25 with his family members, including his son and de facto company chief Lee Jae-yong, by his side. Lee Kun-Hee had been hospitalized since May 2014 after suffering a heart …

Samsung appoints anti-corruption panel as former president Park Geun-hyes faces bribery scandal
5 years ago

Samsung appoints anti-corruption panel as former president Park Geun-hyes faces bribery scandal

Firstpost  

South Korea’s Samsung Group, whose leader faces trials over a bribery scandal involving former president Park Geun-hye, has appointed external experts to a new oversight panel to stamp out criminal conduct, the chief of the committee said on Thursday. He said Lee, Samsung’s de facto leader, pledged to guarantee the panel’s autonomy at a meeting, adding that it would monitor …

Samsung heir Lee Jae-yong faces retrial in bribery scandal that toppled a president
5 years, 4 months ago

Samsung heir Lee Jae-yong faces retrial in bribery scandal that toppled a president

CBS News  

Lee Jae-yong, vice chairman of Samsung Electronics Co., leaves the Seoul Central District Court on August 25, 2017, after his guilty verdict was delivered in a bribery case, in Seoul, South Korea. Getty Seoul - The vice president of Samsung is facing a retrial in a bribery scandal that has already toppled a president and could now land the so-called …

Samsung heir braces for South Korea's Supreme Court ruling in ex-president bribery case
5 years, 4 months ago

Samsung heir braces for South Korea's Supreme Court ruling in ex-president bribery case

Firstpost  

Samsung heir is involved in a scandal that unseated the president and trained public ire on corporate untouchables. Samsung Group will discover the fate of its de facto leader on Thursday as South Korea’s Supreme Court rules whether to uphold the bribery conviction of Jay Y Lee, in a scandal that unseated the president and trained public ire on corporate …

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