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Samsung's Lee cleared of all charges
Bangkok Post
|July 18, 2025
Samsung Electronics Co Executive Chairman Jay Y. Lee was cleared of all charges related to accounting fraud and stock manipulation by South Korea's Supreme Court, marking a major legal victory for the billionaire head of the world's largest electronics empire.
The top court yesterday upheld a Seoul High Court ruling that acquitted Mr Lee and other Samsung officials of all 19 charges stemming from the 2015 merger of Samsung C&T Corp and Cheil Industries Inc. Prosecutors alleged the deal helped Mr Lee cement his control over the conglomerate.
The decision ends a years-long legal saga that had cast a shadow over the leadership of South Korea's biggest conglomerate. It will also allow the company to focus on revitalising its business and try to reclaim its position as a leading supplier of the advanced chips driving the artificial revolution just as US President Donald Trump has threatened to impose crippling duties on chip exports.
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