General
Samsung heir Lee Jae-yong sentenced to two-and-a-half years in prison over bribery and embezzlement
A South Korean court has sentenced Samsung Electronics vice chairman Lee Jae-yong to two-and-a-half years in prison, the court said.
Key points:
- Lee was convicted of bribing an associate of former President Park Geun-hye and jailed for five years in 2017
- The Supreme Court then sent the case back to the Seoul High Court, which issued Monday’s ruling
- The Seoul High Court found Lee guilty of bribery, embezzlement and concealment of criminal proceeds
The sentencing will have major ramifications for his leadership of the tech giant as well as Korea’s views toward big business.
With this sentence, Lee will be sidelined for the time being from major decision-making at Samsung Electronics as it strives to overtake competitors.
He will also be…
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