Samsung’s Jay Y Lee sentenced to over two years in prison
With Lee returning to prison, the year he already served in detention is expected to count towards the sentence, leaving 18 months of his sentence to be served
18 January 2021 - 10:36
Seoul — A South Korean court sentenced Samsung Electronics vice-chair Jay Y Lee to two-and-a-half years in prison, the court said on Monday, which will have major ramifications for his leadership of the tech giant as well as Korea's views towards big business.
With this, Lee will be sidelined for the time being from major decision making at Samsung Electronics as it strives to overtake competitors. He will also be unable to oversee the process of inheritance from his father, who died in October, crucial to keeping control of Samsung...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.