Feb 5, 2018

Samsung heir freed from S Korea jail

Samsung heir Lee Jae-yong has been freed from jail after a South Korean court suspended his five year jail term for bribing the country's ex-president. Last year a lower court jailed Lee for corruption in a political scandal that ultimately brought down former President Park Geun-hye. The Samsung Electronics vice chairman, who is also known as Jay Y Lee, who had been detained for nearly a year, appealed against both the verdict and sentence. Samsung Electronics is regarded as the jewel in the crown of the Samsung Group conglomerate, which is made up of 60 interlinked companies. Lee has effectively directed operations at the mobile phone and chip maker since his father, Lee Kun-hee, was incapacitated by a heart attack in 2014.

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