Lee Jae-yong, the defacto head of Samsung, has been arrested in South Korea over allegations of bribery. The arrest is related to a corruption scandal that resulted in the impeachment of President Park Geun-Hye.
The future of South Korea's electronics giant Samsung hangs by a thread after a court in Seoul sentenced the company's heir Lee Jae-Yong to five years in prison. What would be its impact on the South Korean economy?
A South Korean court has ruled that the 49-year-old heir to one of the world's biggest business empires paid bribes in anticipation of favors from former President Park Geun-hye, and handed him a 5-year jail sentence.
Supporters of disgraced former President Park Geun-hye have rallied outside a Seoul court as her corruption trial got underway. Park, who was impeached in December, is also charged with extortion and abuse of power.
The heir to the Samsung group, Lee Jae-yong, has been formally arrested on allegations of bribery, perjury and embezzlement. Prosecutors have ten days to indict the de facto head of South Korea's biggest company.
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