Thursday, August 24, 2017

SAMSUNG HEIR LEE JAE-YONG GETS READY FOR HIS VERDICT THIS FRIDAY ON CHARGES OF CORRUPTION AS THE SAMSUNG NOTE 8 GETS ITS DAY TO SHINE

On the eve of the court’s Friday ruling on Samsung’s de facto leader, tension mounted in South Korea’s corporate community over how the tycoon’s fate would impact the future of the world’s largest producer of smartphones and microchips.

On 2:30 p.m. Friday, a local court in Seoul is to deliver its ruling on Samsung Electronics Vice Chairman Lee Jae-yong, who is accused of five charges including bribery, flight of capital and embezzlement. The court decided to deliver the verdict without live coverage.

A special counsel has requested the court to sentence Lee to 12 years in jail, claiming that he provided financial assistance worth 43 billion won ($38 million) to the daughter of former President Park Geun-hye’s longtime friend in exchange for business favors.

http://www.koreaherald.com/view.php?ud=20170824000706

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