SEOUL, Oct. 26 (Korea Bizwire) — Samsung Group heir Lee Jae-yong was fined 70 million won (US$60,055) Tuesday for illegally using propofol, an anesthetic medication, dozens of times over a period of years. The Seoul Central District Court also ordered an additional forfeiture of 17 million won as it convicted Lee of violations of the [...]
SEOUL, Oct. 5 (Korea Bizwire) — Lee Jae-yong, the chief of South Korea’s top conglomerate Samsung Group, remains the country’s richest stockholder despite a fall in the value of his shareholdings, a corporate tracker said Tuesday. Stock holdings of Lee, vice chairman of global tech titan Samsung Electronics Co., were valued at 14.17 trillion won [...]
SEOUL, Aug. 13 (Korea Bizwire) — Samsung group’s de facto leader Lee Jae-yong was released on parole Friday, seven months after he was imprisoned over bribery. The vice chairman of Samsung Electronics Co. offered a public apology, leaving the Seoul Detention Center in Uiwang, 25 kilometers south of Seoul, where his supporters, as well as [...]
SEOUL, Aug. 9 (Korea Bizwire) — The justice ministry said Monday it will release jailed Samsung heir Lee Jae-yong on parole later this week, a decision fiercely protested by civic groups and welcomed by Samsung Group and other business leaders. The vice chairman of Samsung Electronics Co. has been serving time since he was sentenced [...]
SEOUL, July 26 (Korea Bizwire) — More than 66 percent of South Koreans support the idea of granting parole to Lee Jae-yong, the jailed de facto leader of Samsung Group, a poll showed Monday. In a poll of 500 people aged 18 and older nationwide conducted by Realmeter on Friday, 66.6 percent of the respondents [...]
SEOUL, May 15 (Korea Bizwire) — More than six out of every 10 South Koreans support the idea of pardoning Lee Jae-yong, the jailed de facto leader of Samsung Group, a poll showed Saturday. According to the joint poll conducted on 1,003 people age 18 or over nationwide from Monday through Wednesday, 64 percent of [...]
SEOUL, April 27 (Korea Bizwire) – South Korea’s major business lobby groups on Tuesday said they have submitted a petition for the pardon of Lee Jae-yong, the imprisoned de facto leader of Samsung Group, to the presidential office for the sake of the national economy amid a global semiconductor shortage. Cheong Wa Dae, however, gave [...]
SEOUL, March 4 (Korea Bizwire) — Lee Jae-yong, the imprisoned de facto leader of Samsung Group, is focusing on preparing for his next legal battle related to his succession, industry insiders said Thursday, accepting only visits from his legal advisers so far. Lee, the heir of South Korea’s top conglomerate, was sentenced to 2 1/2 [...]
SEOUL, Jan. 18 (Korea Bizwire) – Samsung heir Lee Jae-yong was sentenced to 2 1/2 years in prison on Monday, in a retrial of a bribery case involving former President Park Geun-hye. He was put behind bars again less than three years after he was allowed to walk free. The Seoul High Court gave Lee, vice [...]
SEOUL, Jan. 17 (Korea Bizwire) — An appellate court will give a verdict on Monday for Samsung heir Lee Jae-yong in a retrial of a bribery case involving former President Park Geun-hye. Lee, vice chairman of Samsung Electronics Co., faces charges that he bribed Park and her longtime friend, Choi Soon-sil, to win government support [...]