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Samsung Billionaire Lee's Acquittal Upheld by Korea's Top Court

Samsung Billionaire Lee's Acquittal Upheld by Korea's Top Court

Bloomberg17-07-2025
Samsung Electronics Co. Executive Chairman Jay Y. Lee was cleared of all charges related to accounting fraud and stock manipulation by South Korea's Supreme Court, marking a major legal victory for the billionaire head of the world's largest electronics empire.
The top court on Thursday upheld a Seoul High Court ruling that acquitted Lee and other Samsung officials of all 19 charges stemming from the 2015 merger of Samsung C&T Corp. and Cheil Industries Inc. Prosecutors alleged the deal helped Lee cement his control over the conglomerate.
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