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| Samsung's heir overshadows the tech giant |
Samsung's heir has been sentenced to a second prison term in less than five years, and even if the South Korean tech giant manages to keep its daily business going in his absence, the decision is probably dwarf.
After the Seoul Supreme Court found guilty of bribery and bribery, it sentenced Samsung Group Vice President Jae Yi Lee to two and a half years in prison every day.
Lee's prison sentence means the company is losing key decision makers in strategic turmoil in some of Samsung's key industries.
Because of companies like Huawei and SMIC, China and the United States are in the Cold War and there is a global shortage of semiconductors. Car manufacturers and technology companies are working together to shape the world's future. 'Auto industry.
The scandal is also the latest in a string of legal cases facing Samsung's heirs.
Lee's 2017 conviction on bribery and other corruption charges was part of a massive scandal that toppled the government of former South Korean President Park Geun-hye.
Less than a year later, an appeals court dismissed some of the charges and upheld the verdict. Samsung's heir was released, but the South Korean Supreme Court later ordered a new trial that resulted in a new ruling.
Samsung, South Korea's largest family business group, takes care of everything from electronics and fleets to life insurance.
For many years, it was the world's largest smartphone supplier and a leading supplier of memory chips and displays to its competitors.
Since his father went into a coma in 2014 and passed away last year, Lee has been the de facto president of the company and the role of Samsung's heir is to run a new business.
The vice president was also involved in major corporate transactions, including the $ 8 billion acquisition of Harman International, a US company that makes infotainment and security systems for the automotive industry.
These decisions amount to tens of billions of dollars, and Samsung may be making conservative decisions about raising investment capital for the inheritance.
Getting into jail is also a problem for Samsung. You can imagine how that would affect Apple's global business if CEO Tim Cook was jailed for the millions of dollars he gave in bribes from the US government.
In the past few years, corporate investors have become more aware of society, and you may want to ditch companies that have been spoiled by scandals.
Chung Sun-sup, editor-in-chief of Chaebol.com, believes this decision may have positive effects. Chaebol.com is a Korean family business group analysis website.
Analysts said long ago: compromises, corruption and political influence between politicians and businessmen is almost universal in the country.
Lee's father, the former president of Samsung, was convicted of bribery and tax evasion but avoided prison and secured a presidential pardon.
Managers from other family businesses have been convicted of criminal offenses and sentenced to light penalties before being released and allowed to resume work.
Lee's return to prison may indicate that the country is ready to take this issue seriously: “This is the beginning of an expose of the corrupt relationship between government and business that benefits the economy. Korea is long-term,” said Sub.