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South Korean appeals court upholds acquittal of Samsung chief Lee

  • A South Korean appeals court upheld the acquittal of Samsung Electronics Chairman Lee Jae-yong of financial criminal charges related to a merger between Samsung affiliates, rejecting an appeal by prosecutors.
  • Prosecutors can appeal to the Supreme Court, whose rulings are final, after the Seoul High Court's decision.
  • In February 2024, the Seoul Central District Court stated that the prosecution did not sufficiently prove that the merger aimed to strengthen Lee's control over Samsung Electronics.
  • Lee Jae-yong, who has led Samsung since 2014, was previously convicted of bribery in 2017 but was released on parole in 2021 and pardoned in 2022.
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  • 38% of the sources lean Left, 38% of the sources are Center
38% Left
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