Tagged With verdict

In a historic move, a South Korean court convicted Lee Jae-yong -- known as Jay Y. Lee in the Western world -- of bribery and embezzlement on Friday. Mr Lee has been sentenced to five years in prison, and the future of leadership at Samsung is now in question. For South Koreans, the verdict signals a new era of accountability for the handful of powerful families that control more than 80 per cent of South Korea's gross domestic product.