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    Home » Prosecutors Seek 12-Year Prison Term for Samsung Heir Lee Jae-yong

    Prosecutors Seek 12-Year Prison Term for Samsung Heir Lee Jae-yong

    By SHOOTWednesday, December 27, 2017Updated:Tuesday, May 14, 2024No Comments2410 Views
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    Lee Jae-yong, vice chairman of Samsung Electronics, arrives at the Seoul High Court in Seoul, South Korea, Wednesday, Dec. 27, 2017. Prosecutors are demanding a 12-year prison term for Lee for his conviction on bribery and other charge (AP Photo/Lee Jin-man)

    By Hyung-Jin Kim

    SEOUL, South Korea (AP) --

    South Korean prosecutors on Wednesday demanded a 12-year prison term for Samsung's jailed billionaire heir, Lee Jae-yong, who maintained his innocence during an appeal of his conviction on bribery and other charges.

    In August, a lower court sentenced Lee to five years in prison for offering bribes to former South Korean President Park Geun-hye and her confidante while Park was in office. Both Lee and prosecutors, who earlier had requested a 12-year prison term, appealed that ruling.

    Prosecutors said Wednesday during Lee's appeal hearing that they still want Lee to receive 12 years in prison, according to the Seoul High Court. South Korea's Yonhap News Agency cited the court as saying it will issue a ruling on Lee on Feb. 5, but calls to the court went unanswered.

    If the court's ruling is appealed again either by Lee or prosecutors, his case will be handed over to the Supreme Court, which will make a final ruling on him.

    Lee's bribery case is part of a huge political scandal that led to the ouster of Park in late March after millions of South Koreans took to streets for anti-government rallies for months. Park and her friend, Choi Soon-sil, were arrested and charged with taking bribes from Samsung in return for helping Lee cement his control of the company for a smooth transfer of power.

    Prosecutors have also charged both Park and Choi with pressuring Samsung and other big businesses to donate a total of 77.4 billion won ($68 million) for the launch of two nonprofit foundations controlled by Choi.

    Samsung, founded by Lee's grandfather, is one of the key family-run South Korean conglomerates that have dominated the country's economy. Some credit them with leading South Korea's export-driven economy and rebuilding its economy from the ashes of the 1950-53 Korean War, but others say their successes were only possible because of corrupt, collusive ties with government officials.

    "It was a typical case showing cozy, collusive ties between government and businesses," special prosecutor Park Young-soo said during Wednesday's court session, according to South Korean media.

    Lee, who was convicted of embezzlement, hiding assets overseas and perjury, repeated a denial of the charges, according to Lee's lawyers.

    Lee, whose official title is vice chairman of Samsung Electronics, took a higher-profile role after his father and Samsung chair Lee Kun-hee suffered a heart attack in 2014.

    Samsung is the world's largest maker of smartphones, television sets and microchips.

    Associated Press writer Kim Tong-hyung contributed to this report.

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    Category:News
    Tags:Lee Jae-yongSamsung



    Super Bowl Ads Try To Overcome Tough Times With Health, Caring, Nostalgia and Laughs

    Monday, February 9, 2026
    This photo provided by Anheuser Busch shows the Budweiser 2026 Super Bowl NFL football spot. (Pat Piasecki/Budweiser via AP)

    At a difficult time for America, Super Bowl advertisers asked viewers to take care of themselves and others — and maybe even crack a smile. Ring showed how neighbors can use their doorbell cameras to find lost pets. A Budweiser Clydesdale protected a bald eagle chick from the rain. Novartis touted a blood test that can detect prostate cancer. Toyota reminded viewers to wear their seatbelts. Mister Rogers was invoked twice: Lady Gaga sang his classic "Won't You Be My Neighbor?" in a tearjerker for Rocket Companies while the National Football League used "You Are Special" to promote its work with youth sports organizations. "A key thread running through this year's Super Bowl ads was a desire for peace, harmony, community, and neighborliness," said Kimberly Whitler, a marketing professor at the University of Virginia's Darden School of Business. "There is a general theme centered on people coming together to support one another." America is uneasy. U.S. consumer confidence fell to its lowest level since 2014 in January. The killings of two protesters by federal officers in Minneapolis last month led to widespread outrage. And winter weather has been brutal across much of the country. "There is a collective trauma. Everybody is stressed out. It doesn't matter who you are, it's something that's impacting everyone," said Vann Graves, the executive director of the Brandcenter at Virginia Commonwealth University. Super Bowl ads, he said, give people a much-needed respite and a rare shared moment. "It's been a bit of time that we can just be human and be silly and enjoy ourselves," Graves said. Playing for laughs There is plenty of silliness in this year's commercials. Sabrina Carpenter tried to build the perfect man out of... Read More

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