S. Korean Court Upholds Samsung Chair's Not Guilty Verdict

TaiwanPlus News

South Korea's Supreme Court has upheld lower court verdicts for Samsung Chair Jay Y. Lee following decade-long legal cases against him for stock manipulation and merger fraud involving Samsung affiliates. The decision brings some hope as South Korea seeks to regain footing in the AI chip race and to weather U.S. tariff turmoil.

Transcript

00:00South Korea's highest court has upheld a not guilty verdict for Samsung Electronics

00:05Chair J.Y. Lee in a long-running legal case.

00:10Lee was tried for stock manipulation and accounting fraud related to a merger of Samsung affiliates

00:16in 2015.

00:17He was found not guilty by two lower court rulings.

00:20South Korea's business community has welcomed the Supreme Court's verdict.

00:24A leading industry group said it will help the country's economy at a time of trade

00:29tensions with the U.S.

00:30South Korea was hit with 25% tariffs earlier this month.

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