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International Business Times UK
International Business Times UK
Giuliano de Leon

Samsung's Lee Jae-yong Acquitted: What the Supreme Court Ruling Means for South Korea's Tech Future

Some building in the modern side of Milan. (Credit: Babak Habibi/Unsplash)

South Korea's Supreme Court on Thursday, 17 July, delivered a decisive acquittal for Samsung Electronics chairman Lee Jae-yong, bringing an end to a nearly decade-long legal saga that has cast a shadow over the country's most powerful conglomerate.

The ruling clears Lee of all charges connected to the controversial 2015 merger between Samsung C&T and Cheil Industries, which prosecutors argued was designed to consolidate his control over the Samsung empire at the expense of minority shareholders.

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