Prosecutors seek 5
简介The prosecution on Friday demanded five years in prison for Samsung Electronics Chairman Lee Jae-yon ...
The prosecution on Friday demanded five years in prison for Samsung Electronics Chairman Lee Jae-yong on charges of stock price rigging and accounting fraud connected to the controversial 2015 merger of two Samsung affiliates.
Prosecutors also requested a fine of 500 million won ($387,000) for Lee during the final hearing at the Seoul Central District Court.
Lee is charged with stock price rigging, breach of duty and accounting fraud in the course of the controversial 2015 merger of two Samsung affiliates, Cheil Industries and Samsung C&T Corp. The trial began in September 2020.
For seeking the prison term, the prosecution cited how Lee denied all charges leveled against him when he was the chief decision-maker, and how benefited from the process.
The prosecution argues that Lee and company executives planned and executed a series of illegal steps in the process of merging the group's construction and fashion companies. The prosecutors allege the illegal processes allowed Lee to increase his control over the conglomerate.
Two senior Samsung executives, including Choi Gee-sung, a former head of Samsung's now-disbanded control tower Future Strategy Office, have also been charged. Prosecutors have asked them to be given prison sentences of 4 1/2 years and a 500 million won fine for related charges.
A ruling is expected in early 2024 at the earliest.
Minho of SHINee will begin the new year with his first solo fan concert, dubbed the "2024 Best Choi& ...
KT&G, South Korea's largest tobacco company, said Thursday that the company has started constru ...
South Korea's economy is expected to achieve a growth rate of 2.1 percent in 2024, according to ...
- Bomb threat causes midnight fuss at Yonsei university
- 한 경기도 안 뛰고 병역 면제?…국감 오른 아시안게임 '병특'
- Samsung owns largest No. of Israeli subsidiaries among S. Korean conglomerates: report
- [Herald Interview] Samuel Youn celebrates career in ‘From Darkness to Light’
- [Herald Review] '12.12: The Day' avoids usual pitfalls of historical films
- Conflict between Fifty Fifty and agency Attrakt continues to escalate
- 협치 첫 단추 ‘현수막 난립방지법’ 소위 통과
- Decoding Korea's 'virtuous' drinking culture
- 악수 청한 윤 대통령에 김용민 “이제 그만두셔야죠”
- Kakao taxi
- Dreamcatcher to present new album 'VillanS' on Nov. 22
- Kakao taxi
- [Korean History] Bodies of two infants discovered in freezer in Seoul's Seorae Village
- KT, Telkom join hands for Indonesia smart city project
- Floor leader of main opposition party voices disappointment at Yoon's budget speech
- ArtToken, KAIST sign MOU to cooperate in art, technology fields
- Suspension of ex
- SPO and Lim Yun
- JCS says N. Korea might have provided Russia with short
- S. Korea's inflation grows faster, stays over 3 pct for third month in Oct.
- Kia unveils ‘tiger
- Embracing setbacks: KAIST students vie for the inaugural 'worst failure' crown
- Police turn to AI to predict crimes, drug tracking
- [Herald Interview] Merck seeks growth with Korean chipmakers
- Paris Baguette inks sponsorship deal with Paris Saint
- TVXQ to hold 20th
- US Fed keeps key lending rate unchanged for second consecutive time
- Biden picks top Asia aide as nominee for deputy secretary of state
- 통일부 “남북 간 장기간 연락 중단 유감…정상화 촉구”
- 北고려항공, 베이징으로 주 3회 비행…정기 운항 복귀 한 듯
- 35 foreign individuals to be awarded for promoting Korean culture
- J.Y. Park and Kim Wan
- The branch of South Korean left blaming Israel for Hamas attacks
- Seoul shares open higher on Fed's rate freeze
- Yoon hosts private banquet with chaebol chiefs
- Open hatred of Jews surges globally, inflamed by Gaza war