On Friday morning, a court in Seoul found Samsung's acting chairman and heir apparent Lee Jae-yong guilty of bribery, embezzlement, perjury, hiding money overseas, and other corruption-related charges and sentenced him to five years in prison. Lee, a 49-year-old billionaire, has maintained his innocence. Prosecutors said that Lee gave $38 million in bribes to foundations operated by Choi Soon-sil, a friend of since-impeached President Park Geun-hye, on the presumption that Park would support a merger that strengthened Lee's control over his family's lucrative business empire. Park and Choi are also on trial, separately. Prosecutors were seeking a 12-year sentence for Lee, who can still appeal the verdict.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
'It may not be surprising that creative work is used without permission'Instant Opinion Opinion, comment and editorials of the day
-
5 simple items to help make your airplane seat more comfortableThe Week Recommends Gel cushions and inflatable travel pillows make a world of difference
-
How safe are cruise ships in storms?The Explainer The vessels are always prepared
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
-
Ports reopen after dockworkers halt strikeSpeed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
-
Disney and DeSantis reach detenteSpeed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
