BRIBERY SCANDAL: Jailed Samsung heir appeals 5-yr sentence

Sprawling corruption scandal has rocked South Korea

Samsung has not denied transferring funds.

Samsung Electronics vice chairman Jay Y. Lee's defense lawyer has filed to appeal against a five-year jail term for bribery handed down by a lower court, the Seoul Central District Court's website has said.

Chaebol under pressureThe families who control South Korea's big conglomerates, known as chaebol, were lionised a generation ago for helping to turn South Korea into a manufacturing powerhouse put public tolerance for double standards that put them above the law has been rapidly diminishing.

Samsung's lawyers said Friday that they would appeal against the verdict.

The brief memo from Mr. Kwon was the first companywide message since Mr.

Lee joined the Samsung Electronics board in October 2016 around the time of the launch of the company's Galaxy Note 7 smartphone model that continually caught fire and resulted in a subsequent termination of the model. NAND chips are memory chips that dictate the amount of data that can be stored in digital devices.

Lee, in a navy blue suit and white shirt, occasionally applied lip balm and kept a cool facial expression, which didn't change as the verdict was announced, according to South Korea's Yonhap News Agency.

In 2015, US hedge fund Elliot Management filed for an injunction against the merger of two Samsung units created to cement a power transfer to the heir apparent of Samsung Group from his ailing father Lee Kun-hee, who has been bedridden since May 2014 due to a heart attack.

Bournemouth vs. Manchester City. How & where to watch
It continued into the second half, harrying Tyrone Mings into a mistake. "We have to take the positives from that game and try and build on them".

Monday's announcement seemed created to send a sign that the company will continue to conduct business as usual despite Mr.

The court in Seoul found Lee hoped that bribes to then-president Park Geun-hye and a close friend would secure support for a merger that strengthened his control over the Samsung empire and its flagship Samsung Electronics business.

The decision will test whether Samsung can succeed without the crown prince of the Lee family at the helm.

Along with bribery, Mr.

Lee Jae-yong was also found guilty by a panel of three judges of embezzlement, hiding assets overseas, concealing profits from criminal acts and perjury. He has been detained in the same facility where he was held under custody since February while undergoing trial. The trials are now being carried out separately, but given that these charges are two sides of the same coin, the judges assigned to the Park case can't help but take this judgement into consideration.

Investors reacted negatively to Mr.

Last year, Elliot, which owns a 0.62-percent stake in the Korean chipmaker, called on Samsung Electronics to split itself into two units - a holding company and an operating firm - and list the latter on the tech-heavy NASDAQ market. Shares in other Samsung affiliates seen as key pieces of Mr.

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