South Korea’s largest company – Samsung’s vice chairman Lee Jae-yong (a.k.a Jay Y Lee in the West) is currently serving time in prison. This is the second time that he has been imprisoned since around 4 years ago.
This Monday, the 52-year-old conglomerate was sentenced to 2 years and 6 months imprisonment for bribery, embezzlement, hiding assets overseas and perjury – all of which he has denied. This recent ruling is from a retrial by the Seoul High Court.
Lee was involved in a political scandal that resulted in the downfall of the government of former South Korean President Park Geun-hye. Park is currently in prison, and has recently been sentenced 20 years. According to the court’s verdict, Lee “bribed and asked the president to use her power to help his smooth succession.”
Back in 2017, Lee was accused of bribery and additional illegal charges and was sentenced to 5 years of imprisonment. But he was freed after serving less than one year of jail time, due to an appeals court suspending his sentence. According to reliable sources, it is said that Lee seemed to adjust fairly well whilst behind bars.
Mr. In-jae Lee, who is Lee’s attorney, commented regarding Lee’s sentence.
“This case is, by nature, a violation of the corporation’s rights to freedom and property by the former president abusing her power. Given that nature, the court’s decision is regrettable.”
Lee still has the right to make an appeal if he so chooses, but his intentions cannot be determined at this point in time. He also has to face an additional trial over a 2015 merger that helped him gain more control over Samsung.
— J.Chung.
User Review
( votes)Related Articles
FOLLOWING DEMON HUNTERS SUCCESS, SINGER-SONGWRITER VINCE RETURNS WITH “CHA CHA CHA FEAT. G-DRAGON”
THEBLACKLABEL’s Vince releases his new single “차차차 (CHA CHA CHA) (feat. G-DRAGON)”, a perfect summer smash following his success on the KPop Demon Hunters soundtrack. G-DRAGON’s first feature in 8 years arrives on his... Read More
A2O MAY, HISTORY MAKING GLOBAL GIRL GROUP, DROPS BOLD NEW SINGLE “B.B.B (Bigger Badder Better) [feat. A2O LTG]”
(Credit: A2O Entertainment) Buy/Stream “B.B.B”: https://orcd.co/biggerbadderbetter Watch “B.B.B”: https://youtu.be/0kBL7n_Yxak The next-gen global girl group, A2O MAY, returns with “B.B.B”, a bold new single... Read More
GALAXY CORPORATION, HOME TO G-DRAGON, ANNOUNCES U.S. AUDITIONS FOR VIRTUAL K-POP GROUP – ASPIRING ARTISTS INVITED TO AUDITION FOR A GROUNDBREAKING DEBUT IN FUTURE OF ENTERTAINMENT- THE FUTURE OF K-POP ARRIVES AS VIRTUAL AND REAL-WORLD ARTISTRY COLLIDE
GALAXY Corp. – GLOBAL VIRTUAL ARTIST AUDITION FORM Click the link above to apply to audition Home to K-Pop superstar G-DRAGON, AI Enter-tech company Galaxy Corporation, has officially announced the launch of 2025 GLOBAL VIRTUAL ARTIST... Read More
JEON SOMI DROPS NEW SINGLE “CLOSER” OFF HER BRAND NEW EP “CHAOTIC & CONFUSED” OUT TODAY
WATCH HERE LISTEN HERE Photo Credit: THEBLACKLABEL THEBLACKLABEL’s flagship artist JEON SOMI unveils her powerful new single and music video for the title track ‘CLOSER,’ from her brand-new EP Chaotic & Confused, out today.... Read More
Apple TV+ unveils thrilling trailer and star-studded lineup for global K-pop song battle series “KPOPPED,” premiering August 29
See TrailerPSY and Megan Thee Stallion star in this cross-cultural musical celebration featuring K-pop idols and iconic Western artists “KPOPPED” premieres globally on August 29, 2025 on Apple TV+. Apple TV+ debuted the trailer for the highly... Read More
GLOBAL “IT” GIRL GROUP MEOVV FROM THEBLACKLABEL DROPS SUMMER ANTHEM “ME ME ME”
JAPAN 1ST DIGITAL SINGLE SELECTED AS THE THEME SONG FOR KAO’S LATEST PRODUCT LAUNCH–WITH MEOVV AS OFFICIAL BRAND AMBASSADORS LISTEN HERE WATCH HERE MEOVV unveiled their highly anticipated EP MY EYES OPEN VVIDE last May, delivering... Read More
Japanese Supergroup PSYCHIC FEVER Drops the Perfect Summer Anthems “Gelato (Remixes)”!
Free gelato pop-ups in collaboration with local shops across Los Angeles, New York, Houston, and Chicago Happening on Friday, August 1st! Listen to “Gelato (Remixes)” Here Following the viral success of their 2024 release “Just... Read More
K-POP POWERHOUSE JOSHUA OF SEVENTEEN REIMAGINES SLANDER’S CLASSIC DANCE MUSIC ANTHEM “LOVE IS GONE”
THE K-POP ICON DELIVERS A RAW, EMOTIVE TAKE ON THE TIMELESS MULTIPLATINUM HIT LISTEN TO LOVE IS GONE (WITH JOSHUA OF SEVENTEEN) HERE WATCH THE LYRIC VIDEO HERE Following GRAMMY-nominated, multi-platinum electronic music icons... Read More
PENOMECO Ushers In a New Era with Bold and Genre-Bending EP RNSSNC TAPE
LISTEN HERE | WATCH THE MV HERE Credit: EGO GROUP Acclaimed Korean rapper, singer-songwriter, and producer PENOMECO returns with RNSSNC TAPE, out now via EGO GROUP and Kakao Entertainment — listen HERE and watch the music video HERE. The... Read More
Leave a Reply