Whereas in jail, Lee could also be unable to make main selections for Samsung at an important time when demand for its reminiscence chips and different merchandise are sky excessive. Korea and Samsung specifically have attained extra prominence of late due to rocky US/China relations.
Within the trial’s ultimate listening to, Lee made a prolonged apology and promised to make a “new Samsung,” and “repair what the court docket has identified because the harms of chaebol [family-owned conglomerate],” he said. He additionally vowed to not move energy all the way down to his kids.
The sentence was primarily based partly on the court docket’s analysis of an unbiased compliance committee arrange by Samsung to observe wrongdoing by executives. Lee’s authorized woes aren’t over but, as he’s additionally on trial for alleged fraud and inventory manipulation. He’s nonetheless anticipated to develop into chairman of Samsung as soon as he goes free, following the demise of his father Lee Kun-hee late last year.