Samsung s Lee faces sentencing for bribery charge after four years of trials
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(REUTERS)
. Updated: 18 Jan 2021, 04:47 AM IST Reuters
If Lee is jailed, he will be sidelined from major decision making at Samsung Electronics as it strives to overtake competitors.
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A South Korean court will sentence Samsung Electronics Co Ltd heir Jay Y. Lee on a bribery charge on Monday, a ruling likely to have ramifications for his leadership of the tech giant as well as South Korea s views toward big business.
If Lee is jailed, he will be sidelined from major decision making at Samsung Electronics as it strives to overtake competitors, and will be diverted from overseeing the process of inheritance from his father, who died in October, crucial to keeping control of Samsung.
Read more about Samsung s Lee faces sentencing for bribery charge after 4 years of trials on Business Standard. Lee, 52, was convicted of bribing an associate of former President Park Geun-hye and jailed for five years in 2017
A South Korean court will sentence Samsung Electronics Co Ltd heir Jay Y. Lee on a bribery charge on Monday, a ruling likely to have ramifications for his leadership of the tech giant as well as South Korea`s views toward big business
Samsung's Jay Y Lee has been sentenced to two and a half years in prison. Lee was convicted of bribing an associate of former President Park Geun-hye and jailed in 2017, but the sentence was suspended on appeal. The SC then sent the case back to the Seoul High Court, which ruled on Monday.