S Korea Supreme Court orders retrial for Samsung heir | The Daily Star
12:00 AM, August 30, 2019 / LAST MODIFIED: 12:06 AM, August 30, 2019

S Korea Supreme Court orders retrial for Samsung heir

South Korea’s top court on Thursday ordered a new trial for Samsung heir Lee Jae-yong, who was convicted of offences including bribery and embezzlement in connection with the scandal that brought down former president Park Geun-hye.

The de facto head of the world’s biggest smartphone and memory chip maker, Lee was jailed for five years in 2017 but freed a year later after an appeals court dismissed most of his bribery convictions and gave him a suspended sentence.

For all latest news, follow The Daily Star's Google News channel.

The Supreme Court set aside that decision Thursday and sent his case back for new proceedings.

The decision is a blow to the company, which is by far the biggest of the family-controlled conglomerates that dominate business in the world’s 11th-largest economy, and crucial to the country’s financial health.

It already faces a weak global chip market and fresh challenges from export restrictions imposed by Tokyo over key chipmaking chemicals amid a long-running dispute between the neighbours over wartime history.

Japan’s move threatens to disrupt memory chip production and Lee has called it a  “crisis”, visiting Tokyo to seek to secure materials.

His court case centred on millions of dollars his firm paid to Park’s secret confidante Choi Soon-sil, allegedly for government favours such as ensuring a smooth succession for Lee to take over the leadership of the sprawling conglomerate from his ailing father.

Chief Justice Kim Myeong-su said Thursday that Lee’s case would be sent back for new proceedings to readdress multiple allegations, including bribery convictions that had been overturned by the appeals court.

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Type START <space> BR and send SMS it to 22222

Type START <space> BR and send SMS it to 2222

Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News