Samsung Heir Acquitted of Financial Crimes: Latest Ruling in Samsung Merger Case Shocks Critics and Praises Business Lobbies
SEOUL, South Korea – The Seoul Central District Court acquitted Samsung Electronics Chairman Lee Jae-yong of financial crimes on Monday, concerning a controversial merger between Samsung affiliates in 2015 that tightened his grip over South Korea’s largest company. The court ruling could potentially alleviate the legal troubles surrounding the Samsung heir, less than two years after he was pardoned for a separate conviction of bribery in a corruption scandal that contributed to the downfall of …