On Monday, the Seoul High Court, an appellate court, reduced the sentence of Samsung heir Lee Jae-yong to two and a half years from five and suspended the remaining sentence, allowing Lee to walk free after a year in jail on bribery, embezzlement, perjury, and other corruption-related charges. Prosecutors had sought a 12-year sentence for Lee, arguing that he bribed foundations operated by Choi Soon-sil in return for business help from Choi's friend, former President Park Geun-hye, who was impeached and removed from office in a broader corruption scandal. Lee's case will likely be appealed to the Supreme Court now.
The appellate court upheld some of the charges against Lee, meaning that while he may retake his role as de facto chairman of Samsung Electronics, the jewel of the Samsung corporate empire, he won't be able to leave South Korea without permission from a judge. Samsung's share price rose on the news of Lee's release.
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.
-
September 14 editorial cartoonsCartoons Sunday’s political cartoons include RFK Jr on the hook, the destruction of discourse, and more
-
Air strikes in the Caribbean: Trump’s murky narco-warTalking Point Drug cartels ‘don’t follow Marquess of Queensberry Rules’, but US military air strikes on speedboats rely on strained interpretation of ‘invasion’
-
Crossword: September 14, 2025The Week's daily crossword puzzle
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
