Samsung’s boss avoids prison, again
Lee Jae-yong’s acquittal will benefit him, but not necessary South Korea
IT HAS BEEN a while since Lee Jae-yong did not have a court date in his diary. In 2017 the scion of the family that controls Samsung, South Korea’s mightiest chaebol (conglomerate), was charged with bribing an associate of Park Geun-hye, then the country’s president. After being found guilty that year, he was in and out of prison before being paroled and eventually pardoned in 2022. In 2020, in the middle of that saga, he was indicted for stock-price manipulation, breach of trust and auditing fraud. He has since made 95 trips to Seoul Central District Court.
Explore more
This article appeared in the Business section of the print edition under the headline “Out of the nick, in time”
Business February 10th 2024
- America’s economy is booming. So why are bosses worried?
- Samsung’s boss avoids prison, again
- Media companies club together for a joint sport-streamer
- Can Giorgia Meloni reinvigorate Italia SpA?
- Fairness: the hidden currency of the workplace
- Vladimir Putin wants to catch up with the West in AI
- Musk v Zuckerberg: who’s winning?
From the February 10th 2024 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
Could seaweed replace plastic packaging?
Companies are experimenting with new ways to reduce plastic waste
Has Sequoia Capital outgrown its business model?
Venture capital’s hardiest perennial gets back to its roots
On stupid rules and quick wins
Why every boss can benefit from asking employees what most infuriates them
TikTok wants Western consumers to shop like the Chinese
It still has some convincing to do
Will the trouble ever end for Volkswagen and its rivals?
From strikes to Trump tariffs, calamities abound
After Northvolt’s failure, who will make Europe’s EV batteries?
The continent looks ever more reliant on Asian producers