• Breaking News
  • U.S. News
  • Contact
  • View Print Edition
    • CL Digital
  • Subscribe
Thursday, May 19, 2022
  • Login
No Result
View All Result
Advertise with us
The Chicago Leader
Donate Now
  • Home
    • Subscribe to the print newspaper
    • Scavenger Hunt Contest
    • Download Media Kit PDF
    • Ad submission
    • Sponsors
  • World
    Bahamas

    Bahamas Mysterious Deaths Puzzles Tourists

    Mexico

    Mexico Is One of the Most Dangerous Countries for Reporters

    Germany

    Germany Prepping to Forgo Russian Gas

    Trending Tags

    • Breaking News
    • Health
    • Coronavirus
    • coronavirus pandemic
  • U.S. News
    • All
    • Black History
    • Chicago
    • Illinois
    US

    US, Spain, and Portugal Identify Monkeypox Patients

    Floyd

    Former Officer Pleads Guilty to Manslaughter in George Floyd’s Death

    Jetblue

    JetBlue Attempts to Buyout the Competition

    Trending Tags

    • U.S.
    • U.S. Census
    • Politics
  • Business
    • All
    • Jobs
    Barbie

    Barbie Continues to Be Inclusive With Its Dolls

    Ohio

    Ohio Doctor Free From Murder Charges

    Jones

    Alex Jones Infowars Files for Bankruptcy

    Trending Tags

    • Wall Street
    • Trump
    • Bankruptcy
    • Federal Reserve Bank
  • Technology
  • Entertainment
    • All
    • Arts
    • Book Review
    • Chicago Film Office
    • Gaming
    • Movie
    • Music
    • Review
    Queen

    Queen Elizabeth Celebrates 70 Years on the Throne

    Apple

    Apple Update iOS 15 and iPadOS 15 Changes

    marvel

    Marvel’s Latest Film Stays on Top in Its Second Week

    Trending Tags

    • Movies
    • marvel movies
    • Dancing
  • Sports
  • Science
    • All
    • CBD
    • Climate
    • Marijuana
    Octopus

    Octopus Mothers Die After Laying Eggs

    black hole

    Black Hole of the Milky Way Galaxy First Seen

    UFO

    Biological Impact of UFO Sightings on Human Observers

    Trending Tags

    • UFO
    • Coronavirus
    • Novel coronavirus
    • coronavirus pandemic
    • NASA
    • scientists
  • Health
    • All
    • COVID-19
    • Faith
    • food
    • homeopathy
    • mental health
    • prostate
    stroke

    Stroke Prevention Is Key to Stay Healthy

    Abortion

    Abortion Protest Outside Clinic

    monkeypox

    CDC Expresses Concerns About Unusual Outbreak of Monkeypox in UK

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • English
  • Spanish
  • Home
    • Subscribe to the print newspaper
    • Scavenger Hunt Contest
    • Download Media Kit PDF
    • Ad submission
    • Sponsors
  • World
    Bahamas

    Bahamas Mysterious Deaths Puzzles Tourists

    Mexico

    Mexico Is One of the Most Dangerous Countries for Reporters

    Germany

    Germany Prepping to Forgo Russian Gas

    Trending Tags

    • Breaking News
    • Health
    • Coronavirus
    • coronavirus pandemic
  • U.S. News
    • All
    • Black History
    • Chicago
    • Illinois
    US

    US, Spain, and Portugal Identify Monkeypox Patients

    Floyd

    Former Officer Pleads Guilty to Manslaughter in George Floyd’s Death

    Jetblue

    JetBlue Attempts to Buyout the Competition

    Trending Tags

    • U.S.
    • U.S. Census
    • Politics
  • Business
    • All
    • Jobs
    Barbie

    Barbie Continues to Be Inclusive With Its Dolls

    Ohio

    Ohio Doctor Free From Murder Charges

    Jones

    Alex Jones Infowars Files for Bankruptcy

    Trending Tags

    • Wall Street
    • Trump
    • Bankruptcy
    • Federal Reserve Bank
  • Technology
  • Entertainment
    • All
    • Arts
    • Book Review
    • Chicago Film Office
    • Gaming
    • Movie
    • Music
    • Review
    Queen

    Queen Elizabeth Celebrates 70 Years on the Throne

    Apple

    Apple Update iOS 15 and iPadOS 15 Changes

    marvel

    Marvel’s Latest Film Stays on Top in Its Second Week

    Trending Tags

    • Movies
    • marvel movies
    • Dancing
  • Sports
  • Science
    • All
    • CBD
    • Climate
    • Marijuana
    Octopus

    Octopus Mothers Die After Laying Eggs

    black hole

    Black Hole of the Milky Way Galaxy First Seen

    UFO

    Biological Impact of UFO Sightings on Human Observers

    Trending Tags

    • UFO
    • Coronavirus
    • Novel coronavirus
    • coronavirus pandemic
    • NASA
    • scientists
  • Health
    • All
    • COVID-19
    • Faith
    • food
    • homeopathy
    • mental health
    • prostate
    stroke

    Stroke Prevention Is Key to Stay Healthy

    Abortion

    Abortion Protest Outside Clinic

    monkeypox

    CDC Expresses Concerns About Unusual Outbreak of Monkeypox in UK

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • English
  • Spanish
No Result
View All Result
Chicago Leader
No Result
View All Result

Jay Lee Samsung Heir Going Back to Jail for Bribery [Video]

by Omari Jahi
January 20, 2021
in Breaking News, U.S. News
0
LEE
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter
Don't like to read?

Samsung vice-president Jay Y. Lee may be going back to prison after a South Korean court convicted him of bribery Monday, Jan. 18, 2021. He was sentenced to serve two and a half years in prison for bribing former Korean president Park Geun-Hye to win his support for Samsung’s 2015 merger of two affiliates.

LEEThis verdict comes after Lee was released on appeal after serving 11 months on a five-year sentence in 2018. His time in jail will count towards his new sentence of two and a half years.

After his conviction Monday, Samsung Electronics’ Korea-listed stock prices dropped 3.4 percent.

When handing down his judgment in the case, Judge Jeong Jun-Yeong made aware Lee being open to improving compliance at Samsung and his pledge to create a transparent company.

The judge said:

Despite some shortcomings… I hope that over time, it will be evaluated as a milestone in the history of Korean companies as a beginning for compliance and ethics.

Also, the sentencing of Lee was based upon the court’s evaluation of an independent compliance committee put in place by Samsung to monitor executive’s corporate activities. Lee will not be able to make major decisions for Samsung while in jail.

This is a very decisive time for Samsung when the demand for memory chips and other products is at an all-time high. Samsung has grown in popularity of late because of rough relations between the US and China. Lee is still expected to become Samsung chairman once he gets out of jail, following the death of his father Lee Kun-hee late last year.

Written by Omari Jahi

Sources:

Fox Business: Samsung heir Jay Y. Lee likely headed back to prison in a corruption scandal, Noah Manskar

Yahoo! News: Samsung heir Jay Y. Lee is going back to jail for bribery, Steve Dent

Pro Pakistani: Samsung’s Vice President Jay Y. Lee is Going back to Jail for 2.5 Years, Mahnoor Nadeem

Featured Image by Dmitrijs Purgalvis Courtesy of Wikimedia – Creative Commons License

Inset Image Courtesy of Kim Daram’s Flickr Page – Creative Commons License

Tags: KoreaLeeSpot
Omari Jahi

Omari Jahi

Next Post
ROMAN

Sonia Raman Hired by Memphis Grizzlies as Assistant Coach [Video]

Recent Posts

  • Queen Elizabeth Celebrates 70 Years on the Throne
  • Stroke Prevention Is Key to Stay Healthy
  • US, Spain, and Portugal Identify Monkeypox Patients

Newsletter

Loading
No Result
View All Result
  • About
  • Ad submission
  • Contact
  • Team
  • Terms and Conditions
  • Privacy Policy
  • Sitemap
  • FAQ
  • Mission

© 2018 TNS - TNS theme by Frackle TNSthemes.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Health and Lifestyle
  • View Print Edition
  • Subscribe to the print newspaper
  • Contact

© 2018 TNS - TNS theme by Frackle TNSthemes.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Posting....

Support independent local journalism by subscribing to the Chicago Leader print
and digital publication for just $15 a year.

Subscribe Now