Samsung have no choice but to operate without its acting leader Lee Jae-yong for a few years, now that a South Korean court has found him guilty of bribery & embezzlement. The executive has been sentenced to 5 years in prison, much shorter than the twelve years he was facing. According to The New York Times, though, that's long enough to be considered a heavy penalty for a country that is used to doling out light sentences to major business figures.

Lee was arrested earlier this year after Samsung's involvement in President Park Geun-hye's scandals came to light.

It's worth noting that the Samsung conglomerate is involved not just in electronics, but also in shipping, medicine & many other industries.

The court said prosecution presented enough evidence to prove that the Samsung chief bribed the government to gain its support for the controversial merger.


Samsung has been doing quite well globally & frequently tops the list for smartphone shipments worldwide.

Source: http://www.civdigitech.com/2017/08/samsung-head-found-guilty-of-bribery.html