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South Korean Prosecutors To Appeal After Samsung Boss ‘Not Guilty’ Ruling

  • South Korean prosecutors intend to appeal the ruling that cleared Samsung Chairman Jay Y. Lee of all fraud charges.
  • Lee was cleared of all 19 charges, including accounting fraud, unfair trading, and stock manipulation, related to a controversial merger in 2015.
  • The $8 billion merger of Samsung affiliates, Samsung C&T and Cheil Industries, was alleged to have facilitated Lee's control over Samsung.
  • Lee, the third generation of Samsung's founding family, had previously been indicted for advocating the merger and was found not guilty last year.

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