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The Samsung scion has been embroiled in legal troubles for the better part of a decade, and earned the dishonor of becoming the first chairperson of Samsung to be jailed ....
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Samsung Group heir Jay Y. Lee arrives at a court in Seoul SEOUL (Reuters) – Shares in Samsung Electronics and affiliates rebounded on Tuesday, reversing losses stemming from Samsung Electronics Vice Chairman Jay Y. Lee’s receiving a two-and-a-half year prison term on Monday. Analysts said the short-lived impact of Lee’s detention on share prices is similar to what happened the first time Lee was imprisoned in 2017, despite what may be more reactivity to news and rumours because of increased retail investor participation in the stock market. But corporate governance experts fear Lee’s pledge to make compliance a top priority may lose steam, especially because it is no longer a part of his case for leniency. ....