ZCZC
BCN-05
SKOREA-ECONOMY-CORRUPTION-SAMSUNG
Samsung chief jailed for 2.5 years over corruption scandal: Yonhap
SEOUL, Jan 18, 2021 (BSS/AFP) – The de facto chief of South Korea’s Samsung business empire was jailed for two and a half years on Monday over a sprawling corruption scandal, Yonhap news agency reported, in a ruling that deprives the tech giant of its top decision-maker.
Lee Jae-yong, vice-chairman of Samsung Electronics, the world’s biggest smartphone and memory chip maker, was found guilty of bribery and embezzlement and was immediately taken into custody, Yonhap said.
BSS/AFP/MMA/1144HRS