Industry

Samsung heir walks free after suspended jail term

Samsung heir walks free after suspended jail term

Millions of people took to the streets over a series of weekends from late 2016 to protest against the Park government, which eventually led to a snap election and the rise to office of South Korea's liberal President Moon Jae-in.

A South Korean court on Monday suspended a prison sentence for Samsung Group heir Lee Jae-yong, effectively allowing him to walk free after serving a year in custody. That's what happened to his father, Samsung Group Chairman Lee Kun-hee, who was twice convicted of corruption - and twice pardoned. He has been in detention since February. "The past one year has been a valuable time for me to reflect upon myself". The court also denied Lee's charges on perjury for falsely testifying before the National Assembly at a hearing previous year.

Lee, the de facto head of Korea's biggest company, Samsung Electronics and grandson of the corporation's founder, was jailed for five years last August by Seoul Central District Court.

"This may be a courageous decision by the court to look at solid evidence rather than public opinion".

For their roles in a coup and a civilian massacre, Chun Do-hwan was sentenced to death while Roh Tae-woo was sentenced to life imprisonment.

The heir to the country's largest conglomerate had appealed his sentence, which the court reduced by half to two and a half years on Monday. He was also convicted of embezzlement. The court said that this wasn't a typical example of the "cozy relationship between politics and business", adding that there was no evidence that the defendants had requested or gained benefits from offering a bribe to Park.

Before the final hearing at the appeals court Lee paid back 8 billion won ($7.3 million) to Samsung Electronics.

"Park threatened Samsung Electronics executives", the judge said. The ruling is expected to be appealed again in the Supreme Court. At the start of proceedings, prosecutors sought a 12-year jail term for Lee.

The Samsung vice chairman pleaded not guilty to charges he used Samsung corporate funds to bribe Park and a confidante, seeking to consolidate his control over Samsung and facilitate a smooth transfer of corporate leadership from his father.

Samsung executives said that Lee's comments during trials could set the tone for managing the conglomerate going forward.

Lee was also charged along with four other Samsung leaders, all facing similar charges.

Lee's initial sentence was halved and the remaining time he has not yet served was suspended.


  • Terrorists Snatch Policeman's Rifle At Srinagar Hospital, Open Fire; One Escapes

    Terrorists Snatch Policeman's Rifle At Srinagar Hospital, Open Fire; One Escapes

    In an audacious action, he first overpowered a cop, snatched his service rifle and then fired upon other policemen escorting him. The hospital has been cordoned off but it is not clear whether Naveed is still inside or has managed to flee the premises.
    Good News! Windows Defender Will Soon Guard Users From Scareware

    Good News! Windows Defender Will Soon Guard Users From Scareware

    Thurrott .com is reporting that Microsoft seems to be planning to allow Windows 10 Home users to move from S to Home for free. Microsoft is switching its approach to Windows 10 S, its new version of Windows that's created to compete with Chrome OS.
    Father of sexually abused girls lunges at Larry Nassar in court

    Father of sexually abused girls lunges at Larry Nassar in court

    Margraves charged at Nassar after two of his daughter's detailed how Nassar abused them. "My daughters and the other victims ". The charges focus on specific allegations of sexual abuse at a gymnastics club in Dimondale, Michigan , called Twistars.
  • The Spice Girls Have Officially Reunited

    The Spice Girls Have Officially Reunited

    The five chart-toppers "are always overwhelmed at how much interest there is across the whole world for the Spice Girls ". All of your '90s dreams have come true, friends: The Spice Girls have reunited (At least, for an afternoon).
    Movement In Spice Worlds As Spice Girls Gather

    Movement In Spice Worlds As Spice Girls Gather

    Halliwell missed tour dates before her lawyer announced, in 1998, she was quitting, citing differences with her bandmates. DB Ventures - which rakes in money from the England football legend's image rights - put £25m into Victoria Beckham Ltd.
    Prince Harry, Meghan Markle attend Endeavor Fund Awards in London

    Prince Harry, Meghan Markle attend Endeavor Fund Awards in London

    The former Suits star, 36, attended the ceremony looking menswear chic in a tailored Alexander McQueen suit and stiletto heels. Ms Markle laughed and smiled on stage as her co-presenter struggled with a winning envelope at the Endeavour Fund Awards .
  • Tillerson warns Latin America to beware of China

    Tillerson warns Latin America to beware of China

    Cooperation between China and Latin American countries is based on equality, reciprocity, openness, and inclusiveness, it added. In his State of the Union address earlier this week, Trump emphasized his plans for a continued U.S. crackdown on immigrants.
    Poland Senate approves controversial Holocaust speech law

    Poland Senate approves controversial Holocaust speech law

    And the cause of free speech might just inspire a few more uses of " Polish death camps ", accurate or not. Approximately 6 million Polish citizens were killed during World War II, about half of them Jews.
    Portia de Rossi gives wife Ellen DeGeneres a gorilla sanctuary

    Portia de Rossi gives wife Ellen DeGeneres a gorilla sanctuary

    The campaign has been in conjunction with Cheerios , and to present the day's gifts, she brought out a giant box of Cheerios . For example, audience member Lori Gaines was a teacher who donated a kidney to the mother of a student.
  • Indian atrocities can not  stop Kashmir from getting freedom: COAS

    Indian atrocities can not stop Kashmir from getting freedom: COAS

    Pakistan fought the biggest war on terror in the world with huge sacrifices and succeeded whereas the world had failed, he added. Saeed is an internationally designated terrorist even though he is influential in Pakistan amongst certain religious groups.
    New England Patriots: Malcolm Butler believes he could have changed game

    New England Patriots: Malcolm Butler believes he could have changed game

    Philadelphia played a almost flawless game and did what it had to do to win, so who knows how they might have responded. He was replaced on Sunday by Eric Rowe , and Butler watched on feeling helpless as the Eagles ran up 538 yards.
    Kenya defies court order allowing muzzled TV stations to broadcast

    Kenya defies court order allowing muzzled TV stations to broadcast

    The US further urged Kenyan leaders to begin a national conversation to build cohesion and address long-standing issues. She said the USA was "gravely concerned" by what she described as Mr Odinga's self-'inauguration'.