South Korean citizens watch coverage of the sentencing hearing for Samsung Electronics vice-chairman Lee Jae-yong in Seoul on Friday. Lee was jailed for five years after being convicted of bribery and other charges. Photo: Yonhap South Korean citizens watch coverage of the sentencing hearing for Samsung Electronics vice-chairman Lee Jae-yong in Seoul on Friday. Lee was jailed for five years after being convicted of bribery and other charges. Photo: Yonhap
South Korean citizens watch coverage of the sentencing hearing for Samsung Electronics vice-chairman Lee Jae-yong in Seoul on Friday. Lee was jailed for five years after being convicted of bribery and other charges. Photo: Yonhap
South Korea
Comment /  Opinion

Why Samsung heir’s jailing will do little to dent its smartphone profits, in the short term at least

Donald Kirk says while Lee Jae-yong’s prison term doesn’t signal the downfall of the thriving electronics giant, it may indicate the start of a long-term, gradual reform process for South Korean conglomerates

Topic |   South Korea
Donald Kirk
Donald Kirk

Updated: 2:55pm, 20 Jul, 2018

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South Korean citizens watch coverage of the sentencing hearing for Samsung Electronics vice-chairman Lee Jae-yong in Seoul on Friday. Lee was jailed for five years after being convicted of bribery and other charges. Photo: Yonhap South Korean citizens watch coverage of the sentencing hearing for Samsung Electronics vice-chairman Lee Jae-yong in Seoul on Friday. Lee was jailed for five years after being convicted of bribery and other charges. Photo: Yonhap
South Korean citizens watch coverage of the sentencing hearing for Samsung Electronics vice-chairman Lee Jae-yong in Seoul on Friday. Lee was jailed for five years after being convicted of bribery and other charges. Photo: Yonhap
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