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South Korean appeals court upholds acquittal of Samsung chief Lee

SeattlePI.com Monday, 3 February 2025 ()
A South Korean appeals court has upheld a ruling that acquitted Samsung Electronics Chairman Lee Jae-yong of financial criminal charges over a contentious merger between Samsung affiliates that cemented his grip over the biggest South Korean company. The Seoul High Court on Monday rejected an appeal by prosecutors. In February 2024, the Seoul Central District Court said the prosecution failed to sufficiently prove the merger between Samsung C&T and Cheil Industries was unlawfully conducted with an aim to strengthen Lee’s control over Samsung Electronics.
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