Economy, Sci & Tech
0

Samsung Chief Court Date Announced

Samsung Chief Court Date Announced
Samsung Chief Court Date Announced

A South Korean court will on March 9 hold its first hearing in the trial of Samsung Group leader Jay Yun Lee, who faces charges of bribery as part of a corruption scandal that has rocked the country, a court indicated on Friday. Lee, the 48-year-old third-generation leader of the country's top conglomerate, was indicted by a special prosecutor on Tuesday on charges including pledging 43 billion won ($37.24 million) in payments to a confidant of President Park Geun-hye, Reuters reported. The decision to look into the Samsung chief has not changed the group's plans to push ahead with its investment in mobile technologies including the upcoming Samsung Galaxy 8.

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com