Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
AFP News

SHOCKING: S korean court acquits samsung chief over 2015 merger case yonhap | Mind Blowing Facts

Critics argue that the 2015 takeover deliberately undervalued the construction firm's stock price (Credit: AFP)

A South Korean court on Monday acquitted Samsung Electronics chief Lee Jae-yong of a raft of crimes linked to a controversial 2015 merger, the Yonhap news agency reported.

Yonhap reported that the court said that they did "not recognise intention to harm shareholders", through the merger, which critics had claimed was bad value and done mostly to ensure a smooth third-generational power transfer to Lee, a scion of Samsung's founding family.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.