Samsung’s Size Could Make It Tough to Keep Its Leader in Prison
SEOUL, South Korea — This is a partial list of the businesses of Samsung, the South Korean business empire: smartphones, microchips, insurance, gas ovens, hospitals,
dishwashers, cargo ships, stocks, microwave ovens, apartment buildings, vacuum cleaners, credit cards, pharmaceuticals, air-conditioners and bidets.
A South Korean court on Friday shocked the country by sentencing Lee Jae-yong, the third-generation de facto leader of one of the
world’s largest business empires, to five years in prison after his conviction of bribery, embezzlement and other charges.
They are among the companies that South Korea’s pre-democratic military rulers partnered with to build a global exporting powerhouse after the Korean War — a partnership
that South Korean school textbooks credit with helping the country’s rise.
Other South Korean companies have been run by powerful family members behind bars,
and Mr. Lee will most likely have significant access to top Samsung executives while in prison.
Mr. Lee is not the first big business figure in South Korea to be convicted, but if he stays in prison it would represent something of a milestone.
Other top business South Korean leaders have avoided conviction, negotiated
light sentences or been allowed to run their corporate empires from prison.
SEOUL, South Korea — This is a partial list of the businesses of Samsung, the South Korean business empire: smartphones, microchips, insurance, gas ovens, hospitals,
dishwashers, cargo ships, stocks, microwave ovens, apartment buildings, vacuum cleaners, credit cards, pharmaceuticals, air-conditioners and bidets.
A South Korean court on Friday shocked the country by sentencing Lee Jae-yong, the third-generation de facto leader of one of the
world’s largest business empires, to five years in prison after his conviction of bribery, embezzlement and other charges.
They are among the companies that South Korea’s pre-democratic military rulers partnered with to build a global exporting powerhouse after the Korean War — a partnership
that South Korean school textbooks credit with helping the country’s rise.
Other South Korean companies have been run by powerful family members behind bars,
and Mr. Lee will most likely have significant access to top Samsung executives while in prison.
Mr. Lee is not the first big business figure in South Korea to be convicted, but if he stays in prison it would represent something of a milestone.
Other top business South Korean leaders have avoided conviction, negotiated
light sentences or been allowed to run their corporate empires from prison.
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