KCCI "Vice Chairman Lee Jae-yong Sentenced to Prison, Concerns Over Setbacks in Korean Economic Growth"

[Asia Economy Reporter Dongwoo Lee] On the 18th, the Korea Chamber of Commerce and Industry expressed concerns about disruptions to the growth of the Korean economy following Samsung Electronics Vice Chairman Lee Jae-yong's sentencing to 2 years and 6 months in prison in the retrial of the state affairs manipulation case.

Lee Kyung-sang, head of the Economic Research Headquarters at the Korea Chamber of Commerce and Industry, said that day, "The fact that Vice Chairman Lee received a prison sentence raises concerns about disruptions in Samsung Electronics, a representative Korean company, playing an important role in the growth of new businesses during the industrial paradigm shift of the Korean economy.

Earlier, the court stated, "While the sincerity of the defendant and Samsung can be positively evaluated, it was concluded that the sentencing conditions are difficult to meet in this case," adding, "Considering all these circumstances, a prison sentence and court detention for defendant Lee Jae-yong are inevitable."

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