Jailed Samsung heir's trial put off as top court advises courts be adjourned to control COVID-19 – The Korea Times koreatimesus.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimesus.com Daily Mail and Mail on Sunday newspapers.
Jae-yong bolsters grip on Samsung Electronics after inheritance April 30, 2021
Lee Jae-yong, the apparent heir of Samsung Group, bolstered his control of Samsung Electronics Co. with stocks inherited from his late father, an indication that the ownership structure of South Korea’s top conglomerate remains steadfast, affiliate filings showed on Friday.
Jae-yong, the vice chairman of Samsung Electronics, jacked up his stake in Samsung Life Insurance Co., to 10.44 percent from a meager 0.06 percent by inheriting half of late chief Lee Kun-hee’s stake.
Samsung Life Insurance is the largest shareholder in Samsung Electronics, the group’s crown jewel, with a 7.5 percent stake.
Samsung heir Lee won t appeal ruling in bribery case (Ld)
By IANS |
Published on
Mon, Jan 25 2021 19:33 IST |
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Seoul: Detained Samsung Electronics Vice Chairman Lee Jae-yong arrives at the Seoul High Court on Feb. 5, 2018, to attend a final trial on charges of bribing former President Park Geun-hye in return for business favors. The lower court sentenced him . Image Source: IANS News
Seoul, Jan 25 : Samsung heir Lee Jae-yong and the prosecution said Monday that they will not appeal last week s appeals court ruling that sentenced him to two and a half year in prison in a retrial of a high-profile bribery case.
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Samsung heir Lee Jae-yong and the prosecution said Monday that they will not appeal last week’s appeals court ruling that sentenced him to two and a half year in prison in a retrial of a high-profile bribery case.
The Seoul High Court last Monday handed down the verdict to the vice chairman of Samsung Electronics Co. for bribing former President Park Geun-hye and her longtime friend, Choi Soon-sil, to win government support for a smooth father-to-son transfer of managerial power at Samsung. Lee was sent back to prison after the sentencing.
His lawyer Lee In-jae said his client respected the court ruling and decided not to take further legal action.