When Samsung released its latest flagship smartphone at an exciting media event in new York city, the de facto head of the company was imprisoned in Seoul.
The fate of Lee Chae-young, billionaire Scion of the most powerful dynasty in South Korea, will be decided on Friday.
The court will announce its verdict about if he was guilty of bribery and other corruption charges. The affair shook the country for several months, creating widespread dissatisfaction with the cosy ties between big business and government.
49-year-old Executive Director, who is also known as Jay. Lee, may end up to spend 12 years in prison. But this perspective seems to not harm the huge business of Samsung electronics.
During trial Whether the stock price of Samsung Electronics reached a record level as the company brought more profit than Apple and higher revenue from chips than Intel.
The case is now in the spotlight. Prosecutors accuse him of bribing the former President, Park Geun-Hye in exchange for state support of the merger, which helped him to tighten control over the expanding Empire Samsung. There currently is Vice Chairman of Samsung Electronics.
Lee claims that he did nothing wrong and pleaded not guilty to charges of bribery, perjury, concealment of criminal profits, embezzlement and the hiding of assets abroad.
sections: World News, Economics, Accidents