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Samsung heir Jay Y. Lee jailed in South Korea

Samsung heir Jay Y. Lee jailed in South Korea

Korea

<p>Samsung’s heir apparent, Jay Y. Lee (also known as Lee Jae-yong), has been jailed for five years.</p> <p>The billionaire’s lawyer has already said that he will be appealing the sentence, passed on charges of bribery, embezzlement and the concealment of assets, amongst other things.</p> <p>Lee’s six-month trial is part of a corruption scandal that toppled the country’s former president, Park Geun-hye.</p> <p>Many believe that his conviction will mean a guilty verdict for Park, too.</p> <h3>Protests outside court</h3> <p>Protesters gathered outside the court in support of Lee and their former president.</p> <p>They claim prosecutors built their case on circumstantial evidence and unsubstantiated media claims.</p> <p>On the other side of the road, however, anti-corruption demonstrators staged a rival protest. They see the trials as a chance to address the cosy relations between South Korea’s politicians and its business leaders. </p> <h3>Impact on Samsung</h3> <p>The third generation head of the Samsung dynasty, 49-year old lee Lee has been at the helm of the company since his father’s 2014 heart attack.</p> <p>Investors worry that his conviction could leave a leadership vacuum.</p> <p><blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Tomorrow at trial,We look forward to good results for Samsung Chairman Lee Jae-yong <a href="https://t.co/bhhA9PGRA0">pic.twitter.com/bhhA9PGRA0</a></p>— trung ho Lee (@Superwaveworld) <a href="https://twitter.com/Superwaveworld/status/900708261183094784">August 24, 2017</a></blockquote><br /> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p><blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">At least Lee Jae-yong wan’t sharing classified information with a shaman or rigging elections. South Korea is such a corrupt country.</p>— JakeOrleans (@JackduORleans) <a href="https://twitter.com/JackduORleans/status/900973914892849152">August 25, 2017</a></blockquote><br /> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script></p>
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