South Korean court sentences Samsung's successor J Y Lee to two-and-a-half years in prison

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Seoul, Monday, January 18, 2021

J Y Lee, the successor to South Korean giant electronics company Samsung, has been sentenced by a court to two and a half years in prison in a 2016 corruption case.

The Seoul High Court has convicted Lee of bribing then-President Park Geun-hye and one of his close associates to obtain government support for the merger of two Samsung companies, which helped him increase his control over the Samsung Group. Prosecutors described him as a victim of harassment by the authorities and said the 2015 deal was similar to what a normal businessman would do.

Lee's lawyer lamented the court's decision, saying the gist of the case was that a former president had abused his power to infringe on the freedom and property rights of a private company, he had said nothing to appeal, and Samsung had not issued a statement. , Lee is currently vice president of the world's largest computer chip company and smartphone maker.

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