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.
On June 18, 2022, former B.A.P leader and current rapper and producer Bang Yongguk will be holding a global fan meeting at 1am CST and 5am CST (15:00 and 19:00 KST). The event titled Bang Yongguk Global Fan Meet-Up: Bangstergram, which is... Read More
After setting the world on fire with their mega hits like “Butter,” “Fire,” “Boy in Luv,” and “Fake Love” among other tracks, BTS announced that they will be taking a group hiatus to focus on solo projects. On Tuesday June 14,... Read More
– MCND’s 4th mini album pre-released song, “W.A.T.1” teaser! A powerful performance that catches your eyes and ears + melody – Continuing on with the American tour in August, all seats in Europe are sold out! 9... Read More
As the excitement from her incredible, emotional 20th anniversary concert the previous day lingered, BoA released her 20th anniversary album ‘The Greatest’ on May 30 – just as she entered the 21st year since her debut in Japan. The... Read More
Japanese male-female dance-pop group lol recently released their new single, ‘Baby tonight’. This love song was written by group member Yusuke Sato, while his bandmate honoka was inspired by the lyrics to write the rap section. ‘Baby... Read More
This summer, BROOKLYN will hit the road on his ‘I’M GONNA LOVE YOU TOUR,’ performing in cities across the United States and Europe. BROOKLYN REVEALS U.S. DATES FOR SUMMER 2022 TOUR BROOKLYN will perform live in Houston,... Read More
The next-generation Japanese girl group FAKY released new single ‘Diamond Glitter’ on, May 25. This is the lead track from their forthcoming first full-length album, which is set for release on Wednesday, October 19. The new digital... Read More
‘WARPs DIG’, a new project from avex entertainment’s WARP-Syndicate collective, has launched on YouTube. ‘WARPs DIG’ teaser video: https://youtu.be/PqEjfqbbfMI WARP-Syndicate (commonly known as WARPs) stands for Wind Assemble... Read More
TRiDENT is formed by three members who have been called the, “next generation of a classic, girls rock band”. They will be digitally distributing their new song called “Spoopy”! This song is included in their 1st mini album “D-X”,... Read More
Told in a light but appealing dark voice and a concise yet rich sound, his story draws attention to ‘love’ and ‘survival’. The mini-album, consisting of a total of 4 songs, features the album and the new song... Read More
Leave a Reply