4th LD) Samsung heir Lee sentenced to 5 years in prison
Source: Yonhap News Korea
SEOUL, Aug. 25 (Yonhap) -- A Seoul court sentenced Samsung Electronics Vice Chairman Lee Jae-yong to five years in prison Friday, finding him guilty of bribery, embezzlement and other charges in a massive corruption scandal that led to the ouster of former President Park Geun-hye.
The Seoul Central District Court handed down the verdict, convicting Lee of involvement in Samsung's provision of 7.2 billion won (US$6.38 million) in bribes for the equestrian training of the daughter of Park's longtime friend and confidante Choi Soon-sil.
snip
"The crux of this case is close collusion between political and capital powers," the court said in the verdict. "It appears to be difficult for the people to recover from disappointment in that collusive ties between the president and a large conglomerate existed not in the past, but in the present."
snip
The verdict represents one of the heaviest ever to be handed out to the head of a major conglomerate in South Korea. It is expected to deal a blow to the image of the global electronics giant amid a prolonged leadership vacuum.
link
http://english.yonhapnews.co.kr/national/2017/08/25/0302000000AEN20170825001354315.html
Read more: http://english.yonhapnews.co.kr/national/2017/08/25/0302000000AEN20170825001354315.html
It's about time these self-important, pampered Korean executives begin to feel the pain
Fortunately, Moon Jae-in will be president for five years, so there's almost no chance he will receive a presidential pardon like so many of these execs have in the past
The level of crying by other members of the Chaebol (major family owned corporations in Korea) is like sweet music.
= new reply since forum marked as read
in our living rooms. 
