South Koreas top court upholds acquittal of Samsungs Lee over contentious 2015 merger

Seoul, South Korea-South Korea’s upper court on Thursday, Samsung Electronics President Lee Jae-Yong was acquitted by financial criminal offenses and ended the legal disputes that strengthened the control of the company between Samsung affiliated organizations.

In 2024, the Central Court of Seoul was acquitted by Lee with charges such as Stock Price Manipulation and Accounting Fraud by deciding that the unification was illegally carried out in order to strengthen Lee’s control of Lee on Samsung.

The Supreme Court of Seoul approached the decision of the Regional Court in February, and the Supreme Court rejected the prosecutors’ objection to the Supreme Court’s decision on Thursday. The decision is certain and cannot be appealed.

Samsung’s lawyers said in a statement, the Supreme Court “wise” for the decision to “smartly” said they “sincerely”, he said. They said that the decision of the decision was legitimate.

Lee, a third-generation company heir who officially appointed as the President of Samsung Electronics in 2022, has been leading since 2014, since 2014, Lee Kun-Hee has been leading since 2014. Senior Lee died in 2020.

Lee Jae-Yong was sentenced to 18 months of imprisonment after being sentenced in 2017 for separate bribery charges of the 2015 merger.

Initially, President Park Geun-Hye and his close confidential were sentenced to five years in prison for bribery, and the Samsung gained government support for unification, the key to strengthening his control over the Business Empire.

Lee was forgiven in 2021 by Paroled in 2021 and then President Yoon Suk Yeol in 2022.

Some shareholders opposed the 2015 merger and said that the Lee family had unjust benefit while damaging the minority shareholders.

This article was created from an automatic news agency feeding without changing the text.