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South Korea's top court clears Samsung Electronics Chairman Jay Y. Lee in 2015 merger fraud case
Business World Philippines
|July 18, 2025
South Korea’s top court upheld on Thursday a not-guilty verdict for the Chairman of Samsung Electronics Jay Y. Lee, backing two lower court rulings clearing him of accounting fraud and stock manipulation related to an $8-billion merger in 2015.
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The Supreme Court’s verdict permanently removes a long-running legal distraction for Mr. Lee as Samsung plays catch-up in a global race to develop cutting-edge AI chips.
The verdict upheld an appeals court’s ruling dismissing all the charges in the case involving the merger a decade ago between two Samsung affiliates, Samsung C&T and Cheil Industries, which prosecutors said was designed to cement Mr. Lee’s control of the tech giant.
A lower court last year had also cleared Mr. Lee of the charges.
“The Supreme Court ruling clears a layer of legal uncertainty, which could be a long-term positive for Samsung,” said Ryu Young-ho, a senior analyst at NH Investment & Securities.
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