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Supreme Court Finalizes Acquittal of Samsung’s Lee Jae-yong

The verdict ends Lee’s decade of legal uncertainty paving the way for Samsung to pursue chipmaking, AI development, acquisitions

Samsung Electronics Chairman Jay Y. Lee leaves a court in Seoul, South Korea, February 3, 2025.  REUTERS/Kim Hong-Ji/File photo
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FILE - Samsung Electronics Chairman Lee Jae-yong, center, is questioned by reporters as he leaves the Seoul High Court in Seoul, South Korea, on Feb. 3, 2025. (AP Photo/Lee Jin-man)

Overview

  • The Supreme Court dismissed prosecutors’ appeal of lower-court acquittals and issued a final, unappealable verdict clearing Lee of all charges
  • The 2015 merger of Cheil Industries and Samsung C&T, valued at about $8 billion, faced allegations of stock manipulation and accounting fraud but was deemed lawful
  • Major business lobby groups hailed the ruling as removing a key legal burden and enhancing confidence during growing global tech competition
  • People’s Solidarity for Participatory Democracy criticized the decision as a pro-chaebol ruling that shields corporate power at social justice’s expense
  • Freed from legal constraints, Lee is expected to refocus on boosting chip competitiveness, advancing AI leadership, and pursuing new mergers and acquisitions