Samsung heir Lee Jae-yong sentenced to 30 months in prison in bribery case

Jan 18, 2021 | INVESTING

A South Korean court sentenced Samsung Electronics heir Samsung heir Lee Jae-yong, otherwise known as Jay Y. Lee, to two-and-a-half years in prison on a bribery charge on Monday, a ruling which is likely to have ramifications for his leadership of the tech giant as well as South Korea’s views toward big business.With this, Lee will be sidelined for the time being from major decision making at the company as it strives to overtake competitors. He will also be unable to oversee the process of…

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