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Eldorado

Prosecutors want Samsung chief jailed

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Eldorado

South Korean prosecutors on Wednesday requested a nine-year prison term for Samsung’s de facto chief, Lee Jae-yong, during his bribery retrial, where Lee apologized and vowed not to be implicated in similar allegations in an apparent plea for leniency.

The case is a key element in an explosive 2016 scandal that triggered months of public protests and toppled South Korea’s president.

A ruling on Lee could send him back to prison on charges that he bribed former President Park Geun-hye and her longtime confidante to get the government’s backing for his push to solidify his control over Samsung.

Full report at AP news: Link

2016 South Korean political scandal: Wikipedia

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Eldorado

A South Korean court sentenced Samsung Electronics vice chairman Jay Y. Lee to two and a half years in prison on Monday, which could delay the group's ownership restructuring following the death of Lee's father in October.

The ruling also cements a major shift in South Korea's view on wrongdoings committed by the owners of the country's powerful conglomerates, or chaebol, which led the country's economic rise after the Korean War on the back of what has been criticised as cozy relations with politicians.

MSN

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