Samsung Boss Gets 5 Years in Scandal Trial

South Korean prosecutors were seeking up to 12 years for Lee Jae-yong.

Dan Jones, Mobile Editor

August 25, 2017

1 Min Read
Samsung Boss Gets 5 Years in Scandal Trial

Samsung's heir apparent has been sentenced to five years by a South Korean court for his role in a bribery and corruption scandal that has already taken the country's president.

Lee Jae-yong, the vice chairman of Samsung Electronics, was sentenced to five years in prison Friday on charges including bribery, embezzlement and perjury. South Korean prosecutors had been seeking a sentence of up to 12 years. (See South Korean Feds Seek 12-Year Sentence for Samsung Boss.)

Lee was arrested in February after being accused of channeling up to 43 billion won ($36 million) to Choi Soon-sil -- a friend of departed president Park Geun-hye -- while looking for government help with a leadership change within Samsung. Lee maintained his innocence throughout the trial. (See South Korea Seeks Warrant for Samsung Vice Chairman's Arrest.)

Lee became the acting boss at Samsung after his father, Lee Kun-hee, had a heart attack in 2014. He will appeal the court's decision, according to domestic reports.

So far, Samsung's legal troubles don't seem to have affected the fortunes of South Korea's largest company. Samsung held a packed launch for its new Note 8 "phablet" in New York City this week. (See Samsung Note 8 Debuts With Sweet Camera Tech, No Bangs.)

— Dan Jones, Mobile Editor, Light Reading

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About the Author(s)

Dan Jones

Mobile Editor

Dan is to hats what Will.I.Am is to ridiculous eyewear. Fedora, trilby, tam-o-shanter -- all have graced the Jones pate during his career as the go-to purveyor of mobile essentials.

But hey, Dan is so much more than 4G maps and state-of-the-art headgear. Before joining the Light Reading team in 2002 he was an award-winning cult hit on Broadway (with four 'Toni' awards, two 'Emma' gongs and a 'Brian' to his name) with his one-man show, "Dan Sings the Show Tunes."

His perfectly crafted blogs, falling under the "Jonestown" banner, have been compared to the works of Chekhov. But only by Dan.

He lives in Brooklyn with cats.

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