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
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
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South Korea
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